ASUPREM Testing the 0.35 new support.. Will it rebound for a second bullish run?

ASUPREM surge up after break the resistance at 0.35 but retrace back to the support after the bad economic data from China on Thursday.. It is possible to pick up more units for the second bull run..

Let check on  ASUPREM stock analysis chart on 21 September 2012

Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
 2)  Support/Resistance - formed Lower High  (Bearish)
3) MACD -The Bullish Signal Meeting with the Bearish Signal. If Bullish Crossover will confirm the second bullish round
4) RSI - Hovering below 50% and if break above it will confirm the second bullish round

5) STO - Broke above 50% (Bullish)

6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line below the base line (Bearish).
                       c) Price below the baseline ( Bearish)
7) Candlestick - Formed three inside down ( Bearish) . Click here to understand the candlestick 8) Volume Distribution - Buying Pressure is healthy (Bullish)

Conclusion:
Bullish -

E ( Entry) : 0.365 

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