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Will SKPETRO outbeat the bearish KLSE

Edwin Toh
Publish date: Thu, 29 Nov 2012, 09:26 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..
Will SKPETRO prove itself it is another outstanding counter again against the tide of bear of KLSE..





Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -  Formed 4R1G signal..(Bullish) . Waiting for bullish continuation confirm of another green bar..
4) RSI -  stagnant and hovering above 30%.. still in standby waiting to break up or below..
5) STO - Bullish Crossover and heading towards 50% .. (Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Possible Doji Star Bearish )


Nuffnang Ads


Conclusion:
Bullish -
Hanging on the 20d MA with a doji pattern.. If can further go up will formed another green bar on the MACD and will confirm a bullish continuation.



E ( Entry) :2.85 ( Closed at or above it)
S ( Stop Loss) : 2.79
P ( Profit) :2.89 
RRR (Risk to Reward Ratio) = 1.5 (Average)


E ( Entry) :2.85 ( Closed at or above it)
S ( Stop Loss) : 2.79
P ( Profit) :2.93
RRR (Risk to Reward Ratio) = 1.5 (Average)

E ( Entry) :2.85 ( Closed at or above it)
S ( Stop Loss) : 2.79
P ( Profit) :3.05
RRR (Risk to Reward Ratio) = 1.5 (Average)


Resistance = 2.83 / 2.89 / 2.93 / 3.08 / 3.33
SUPPORT AT  2.8 / 2.73 / 2.68 / 2.65
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