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
More articles on The Stock Library
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Apps
Top Articles
1
2
3
THE INVESTMENT APPROACH OF CALVIN TAN
FIBER OPTIC - A VITAL CONNECTOR IN DATA CENTER & FOR WORLD WIDE CONNECTION AT SPEED OF LIGHT
4
6
BFM Podcast
7
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
