The Stock Library

Dayang Formed higher low..

Edwin Toh
Publish date: Sun, 02 Dec 2012, 10:07 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..
Following Message
Look like Dayang Formed a higher low after a 2 day white candle confirmation..





Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and  formed higher low ( Bullish) 
3) MACD - Negative ( Bearish) . Waiting for 4R1G signal for more confirm bullish reversal sign.
4) RSI - Rebounding from 50% (Bullish) ,
5) STO -About to rebound. If bullish crossover will indicate more bullish.
6) Ichimoku -  a) Price above  the support cloud ( Bullish)
                       b) Conversion line  meeting the base line
                       c) Price close below the baseline ( Bearish)
7) Candlestick pattern - 2 day white candle after hammer (bullish). 






Conclusion:
Bullish but overall market is bad .. Enter at cautious monitoring..


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






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Discussions
Be the first to like this. Showing 2 of 2 comments

BC475654

Hi Edwin Toh,
I think your stop loss n profit got mix -up.
Regards.

2012-12-02 23:04

Edwin Toh

oops you r right :P

2012-12-02 23:32

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