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Dayang Meet our highest take profit number..

Edwin Toh
Publish date: Sat, 24 Nov 2012, 11:29 PM
Edwin Toh
0 184
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..
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

Stock Performance Chart for Dayang Enterprise Holdings Bhd


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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)







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