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Dayang taken profit at 2.34 and 2.42

Edwin Toh
Publish date: Sun, 16 Dec 2012, 09:57 PM
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..
Managed to took 5%and 10% profit from this counter within 1 month.



Previous Buy Call

E ( Entry) 2.26( Closed at or above it)  -
S ( Stop Loss) :2.23
P ( Profit) : 2.34
RRR (Risk to Reward Ratio) = 2.67 (Slightly Rewarding)


E ( Entry) 2.26( Closed at or above it)  -
S ( Stop Loss) :2.23
P ( Profit) : 2.42
RRR (Risk to Reward Ratio) = 4 (Rewarding)




Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and  formed higher low ( Bullish
3) MACD - Bullish Crossover ( Bullish) .
4) RSI - Rebounding from 50% and testing 70%  (Bullish) ,
5) STO -Starting of Bearish Crossover ( .Bearish)
6) Ichimoku -  a) Price above  the support cloud Bullish)
                       b) Conversion line  above the base line  Bullish)
                       c) Price close above the baseline  Bullish)



Conclusion:
If it retrace downwards it may might potential formed bullish flag.

Resistance  2.5 / 2.65
Support -    2.46  / 2.36 2.28 / 2.25 / 2.22 / 2.2 / 2.16 / 2.12














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