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SKPETRO Hit Target Profit

Edwin Toh
Publish date: Wed, 31 Oct 2012, 08:48 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..

Buy Call on the 13 October


E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42     
P ( Profit) :2.47
RRR (Risk to Reward Ratio) = 1.5 (Average)
 
E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42     
P ( Profit) :2.51
RRR (Risk to Reward Ratio) = 3.5 (Rewarding)
 
E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42     
P ( Profit) :2.53
RRR (Risk to Reward Ratio) = 4.5 (Rewarding)




Indicators
1) Trendline - Broke above the down trendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R1G (Bullish)
4) RSI - Inclining and test 70% (Bullish)  .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and If breaks above 70% will indicate more bullish (Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Bullish Engulfing with a black candle. ( Bullish).


Conclusion:
Bullish -

New Buy Call..
E ( Entry) :2.54( Closed at or above it)
S ( Stop Loss) : 2.5  
P ( Profit) :2.63
RRR (Risk to Reward Ratio) = 2.25 (Rewarding)


 


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1 person likes this. Showing 6 of 6 comments

rogerlim

very strong counter....

2012-10-31 22:36

cheongmichael

Morning go up to 2.59 rm

2012-11-01 09:49

chinwei86

this ocunter has been stagnant for quite long time

2012-11-01 15:08

Edwin Toh

Wow just nicely hit the target price.. Any news of SKPETRO of winning came out today. Sell on news :)

2012-11-01 20:12

rogerlim

they bagged 2 award at the same time today 1 is valued at rm700m,another 1 is rm135.8

2012-11-01 20:51

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