The Stock Library
DRBHICOM retesting the support cloud again
Edwin Toh
Publish date: Mon, 03 Dec 2012, 09:47 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..
Previously 20 Nov it tested the resistance of the cloud but it fail and retrace down. Tomorrow it is possible to retest the resistance again and will it succeed this time?
Indicators
1 ) Trendline - Below the downtrendline (Bearish) if break above it at 2.5 it will indicate bullish
2) Support/Resistance -Formed lower low (Bearish)
3) MACD - Formed 4R3G (Bullish )
4) RSI - Broke above 50% (Bullish )
5) STO -Bullish Crossover and broke above 20% (Bullish ) .
6) Ichimoku - a) Breaking above support cloud (Slightly Bullish ). If break above 2.52 will indicate more bullish
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
Indicators
1 ) Trendline - Below the downtrendline (Bearish) if break above it at 2.5 it will indicate bullish
2) Support/Resistance -Formed lower low (Bearish)
3) MACD - Formed 4R3G (Bullish )
4) RSI - Broke above 50% (Bullish )
5) STO -Bullish Crossover and broke above 20% (Bullish ) .
6) Ichimoku - a) Breaking above support cloud (Slightly Bullish ). If break above 2.52 will indicate more bullish
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
Conclusion:
Bullish -and if break above the cloud and downtrend line it will indicate bullish reversal..
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.58
Risk to Reward Ration ( RRR) =1 (Average)
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.63
Risk to Reward Ration ( RRR) =2 (Slightly Rewarding )
Resistance - 2.52 / 2.6 / 2.66 / 2.72
Bullish -and if break above the cloud and downtrend line it will indicate bullish reversal..
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.58
Risk to Reward Ration ( RRR) =1 (Average)
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.63
Risk to Reward Ration ( RRR) =2 (Slightly Rewarding )
Resistance - 2.52 / 2.6 / 2.66 / 2.72
Support - 2.5 / 2.39 / 2.35
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