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)
rogerlim
very strong counter....
2012-10-31 22:36