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Got to love Facebook Stock

Edwin Toh
Publish date: Sat, 01 Dec 2012, 10:45 AM
Edwin Toh
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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..
Guess must be a lot of Facebook supporter must have dig in and invest more into this counter.

Previous Buy Call on 15 November


E ( Entry) :24.6  ( Closed at or above it)
S ( Stop Loss) : 23
P ( Profit) :25.5   ( Meet Target Profit  )
RRR (Risk to Reward Ratio) =0.56  (Risky)

E ( Entry) :24.6  ( Closed at or above it)
S ( Stop Loss) : 23
P ( Profit) :26.5 ( Meet Target Profit  )
RRR (Risk to Reward Ratio) =1.19 (Average)

E ( Entry) :24.6  ( Closed at or above it)
S ( Stop Loss) : 23
P ( Profit) :29
RRR (Risk to Reward Ratio) =2.75  (Slightly Rewarding)






Indicators
1 ) Trendline - Broke up from the sideway trend and soaring up  ( Bullish ) .
2)  Support/Resistance - Formed higher high ( Bullish )
3) MACD -Positive Bullish  ( Bullish ) .
4) RSI - Broke above 70% (Bullish ) ,
5) STO -  >Broke above 80% (Bullish )
6) Ichimoku -  a) Price above  the support cloud ( Bullish). 
                       b) Conversion line  above the base line (Bullish ).
                       c) Price close above the baseline ( Bullish ) .
7) Candlestick pattern - 3 White Solider  (Bullish ).



Nuffnang Ads

Conclusion
Bullish 
After broke up from the sideway trendline with double bottom at 18.6 , it soar up like nobody business..
Hope it will hit the 3rd Target profit price at 29 but need to watchout on the any bearish sign such as shooting star or bearish harami.




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