The Stock Library
Will Redtone win this big hurdle..
Edwin Toh
Publish date: Mon, 26 Nov 2012, 09:19 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..
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..
The first trial to break the ascending triangle fail at 0.42 and now retraces to the bottom ascending triangle and now peaking up again..
Indicators
3) MACD - Negative (Bearish). Waiting for 4R1G signal..
4) RSI - stagnant and hovering above 50%.. still in standby waiting to break up or below..
5) STO - closing into each other waiting for break out either bullish or bearish..
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low and higher high (Bullish)3) MACD - Negative (Bearish). Waiting for 4R1G signal..
4) RSI - stagnant and hovering above 50%.. still in standby waiting to break up or below..
5) STO - closing into each other waiting for break out either bullish or bearish..
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Weak hammer on the bottom triangle..
8) Pattern - Ascending triangle.. If break above from 0.41 , the TP for this pattern is 0.5 (20%)
Conclusion:
Bullish -
Look like the first scenario failed and let hope it will be option number 2..
The is a few scenarios for this pattern.
1) Break above 0.41 on the next following day (FAILED)
2) Retrace to 0.38 and then incline back to test the 0.41
3) Break below 0.38 and negate the ascending triangle pattern
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.425
RRR (Risk to Reward Ratio) = 1.5 (Average)
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.435
RRR (Risk to Reward Ratio) = 2 (Average)
Resistance 0.41 / 0.435 / 0.45 / 0.46 / 0.5 ( Ascending Triangle TP)
Support 0.38 / 0.372 / 0.36
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