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JCY Formed MACD 4R1G

Edwin Toh
Publish date: Tue, 20 Nov 2012, 07:36 PM
Edwin Toh
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Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
Been monitoring this counter since 8 November after it broke above the sideway trend at 0.74 and it rebound and formed a higher low.




Indicators
1) Trendline - Above Uptrend line (Bullish)
2) Support/Resistance - Formed higher low and higher high (Bullish)
3) MACD -Formed 4R1G  (Bullish)
4) RSI - Broke above 70% (Bullish)
5) STO - Bullish Crossover and broke above 80%  (Bullish) . 
6) Ichimoku - a)   Starting to penetrate the support cloud  (Slightly Bullish).
                       b) Conversion line above the base line . ( Bullish)
                       c) Price above the baseline (Bullish)
7) Candle Stick - Bullish Engulfing (Bullish)




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Conclusion:
Bullish - 
Broke the resistance at 0.815 and heading toward next resistance at 0.91..

Buy Call on 15 November 2012

E ( Entry) :0.78( Meet the entry price on Nov 14)
S ( Stop Loss) : 0.72
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =1.83 (Rewarding)

E ( Entry) :0.81( Closed at or above it)
S ( Stop Loss) : 0.77
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =2 (Rewarding)


Resistance at  0.91 / 1.01/ 1.06 
Support   at  0.82 / 0.795 / 0.74 / 0.7 / 0.65 / 0.615







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