Buy Call on Nov 14
E ( Entry) 2.23 ( Closed at or above it) -
S ( Stop Loss) : 2.19
P ( Profit) :2.27 ( MEET TARGET)
RRR (Risk to Reward Ratio) = 1 (Average)
E ( Entry) 2.23 ( Closed at or above it) -
S ( Stop Loss) : 2.19
P ( Profit) :2.34 ( MEET TARGET)
RRR (Risk to Reward Ratio) = 2.75 (Rewarding)
Now it is testing the next resistance at 2.36
Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2) Support/Resistance - Formed higher high and formed higher low ( Bullish)
3) MACD - Positive( Bullish) .
4) RSI - Retracing towards 50% (Bearish) ,
5) STO - Both signal are meeting each other above 80%. If bearish crossover on next trading day will indicate the resistance is too strong and the price might retrace back to 2.28 to back up..
6) Ichimoku - a) Price above the support cloud ( Bullish)
b) Conversion line above the base line ( Bullish)
c) Price close below the baseline ( Bullish)
7) Candlestick pattern - Bullish Engulfing (bullish).
8) Company performance - Earning positive trend and positive dividend
Conclusion:
Bullish but KLSE poor sentiment are impact overall stock counters..
E ( Entry) 2.38 ( Closed at or above it) -
S ( Stop Loss) : 2.32
P ( Profit) :2.44
RRR (Risk to Reward Ratio) = 1 (Average)