The Stock Library
AIRASIA formed MACD 4R1G Signal
Edwin Toh
Publish date: Sun, 04 Nov 2012, 08:40 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..
On Friday Airasia formed a macd 4R1G which is a good sign of bullish reversal. We need a confirmation signal which is another white candle and break above 3.1 to see some sign of bullish.
Indicators
1 ) Trendline - On the sideline
2) Support/Resistance - Formed higher low ( Bullish )
3) MACD - 4r1g (Bullish )
4) RSI - if rebound from 50% will indicate more bullish
5) STO -Bullish Crossover and rebounding from 20% (Bullish ) .
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
b) Conversion line above the base line (Bullish )
c) Price above the baseline (Bullish )
7) Candlestick - White candle after a spinning top.(Bullish )
Conclusion:
Bullish -
Entry Price at 3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at 3.13 ( 50d Ma)
Risk to Reward Ration (RRR) =0.6(Risky)
Entry Price at 3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at 3.17
Risk to Reward Ration ( RRR) =1.2 (Average)
Entry Price at 3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at 3.27
Risk to Reward Ration ( RRR) =3.2 (Rewarding)
Resistance -3.1 / 3.15 (20d Ma) / 3.19 / 3.3 / 3.43
Support - 3.07/ 3.01 / 2.97 / 2.94
Indicators
1 ) Trendline - On the sideline
2) Support/Resistance - Formed higher low ( Bullish )
3) MACD - 4r1g (Bullish )
4) RSI - if rebound from 50% will indicate more bullish
5) STO -Bullish Crossover and rebounding from 20% (Bullish ) .
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
b) Conversion line above the base line (Bullish )
c) Price above the baseline (Bullish )
7) Candlestick - White candle after a spinning top.(Bullish )
Conclusion:
Bullish -
Entry Price at 3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at 3.13 ( 50d Ma)
Risk to Reward Ration (RRR) =0.6(Risky)
Entry Price at 3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at 3.17
Risk to Reward Ration ( RRR) =1.2 (Average)
Entry Price at 3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at 3.27
Risk to Reward Ration ( RRR) =3.2 (Rewarding)
Resistance -3.1 / 3.15 (20d Ma) / 3.19 / 3.3 / 3.43
Support - 3.07/ 3.01 / 2.97 / 2.94
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2012-11-04 21:20