ASUPREM broke resistance 0.35 with Bullish Indicator

Another good penny stock in making for great reward for our fellow big appetite investor who are thrilled with the high risk and high reward penny stocks


Let check on  ASUPREM stock analysis chart on 18 September 2012

Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
 2)  Support/Resistance - formed Higher Low  ( Bullish)
3) MACD -4R2G ( Bullish) - and waiting for Bullish Crossover for more bullish result
4) RSI - Rebound from 30%  and going up( Slightly Bullish)  - Good Bullish Reversal Signal

5) STO - Bullish Crossover ( Slightly Bullish) and if broke above 20% to confirm Good Bullish Reversal Signal

6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line below the base line (Bearish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Kicking( Bullish)
8) Volume Distribution - Buying Pressure is healthy (Bullish) but only consist of small retail investors only

Conclusion:
Bullish -

E ( Entry) : 0.37

S ( Stop Loss) : 0.345             

P ( Profit) :0.435

RRR (Risk to Reward Ratio) = 2.6 (Rewarding)

 

Next Resistance at  0.445
Support at 0.35 / 0.31 /0.3/ 0.275