After a good quarter result with inclining price of it stock.. This is a counter to keep and invest..
Indicators
1) Trendline - Uptrend (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD - Bullish Crossover . (Bullish)
4) RSI -Inclining towards 70% (Slightly Bullish)
5) STO - Inclining towards 80% (Slightly Bullish)
6) Ichimoku - a) Price below above cloud (Bullish). b) Conversion line above the base line (Bullish). c) Price above the baseline ( Bullish)
7) Chart Pattern - Bullish Flag breakout but without high volume.. (Slightly Bullish)
Conclusion:
SLightly Bullish after bullish flag breakout but the lack of volume does not satisfy the pattern much but anyhow it formed a higher low ..
E ( Entry) : 0.715 (Closed at or above it)
S ( Stop Loss) : 0.69
P ( Profit) : 0.745
RRR (Risk to Reward Ratio) = 1.37 (Average)
E ( Entry) : 0.715 (Closed at or above it)
S ( Stop Loss) : 0.69
P ( Profit) : 0.755
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding )
Resistance at 0.715 / 0.74 / 0.745 / 0.76 / 0.785
SUpport at 0.7/ 0.69 / 0.68 /0.65
skyland
good FA counter with high dividen...worth to keep
2012-11-22 21:24