After staying dormant for a few weeks, lastly investor / traders started to have interest of this counter and started to accumulate this stock rapidly after 3.30pm today..
Indicators
1) Trendline - Side way trend between 0.465 and 0.315
2) Support/Resistance - Formed lower high (Bearish)
3) MACD - Formed 4R1G signal.. (Bullish)
4) RSI -Stagnant at the 55% to 65 %.. If break above 70% will indicate bullish and retrace toward 50% will indicate bearish
5) STO - Bullish Crossover (Slightly Bullish) If break above 50% will indicate bullish and retrace toward 50% will indicate bearish
6) Ichimoku - a) Price below support cloud (Bearish). b) Conversion line meeting with each other the base line c) Price above the baseline ( Bullish)
7) Chart Pattern - Bollinger band squeeze breakout.
Conclusion:
SLightly Bullish after MACD 4R1G.. Waiting for another white candle to confirmation the bullish reversal..-
BUY CALL ON NOV 17..
Risky Breakout but big gain
E ( Entry) : 0.4 Met Entry Price
S ( Stop Loss) : 0.36
P ( Profit) : 0.455
RRR (Risk to Reward Ratio) = 1.37 (Average)
E ( Entry) : 0.40.4 Met Entry Price
S ( Stop Loss) : 0.36
P ( Profit) : 0.5
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding )
E ( Entry) : 0.4 0.4 Met Entry Price
S ( Stop Loss) : 0.36
P ( Profit) : 0.61
RRR (Risk to Reward Ratio) = 5.25 (Rewarding )
Slow and Steady Buy Call
E ( Entry) : 0.47 ( Ensure closed above this price)
S ( Stop Loss) : 0.40
P ( Profit) : 0.59
RRR (Risk to Reward Ratio) = 1.71 (Slightly Rewarding)