HWGB Potentially Bullish and MACD in progress of Bullish Crossover

HWGB is counter of the counters that defy the onslaught of KLSE stocks today which drop more than 20 Points today.

Let check the HWGB Stock Analysis CHart on 20 September 2012

 

Indicators

1 ) Trendline - Broke above the downtrendline (Bullish)
 2)  Support/Resistance - formed Lower Low  ( Bearish)
3) MACD -Slightly Bullish and waiting for Bullish Crossover for more bullish
4) RSI - Trending up and Testing the 30%( Slightly Bullish)  - If break above even more bullish

5) STO - Bullish Crossover and broke above 20%  (Bullish)

6) Ichimoku - a) Below  support cloud (Bearish).
                       b) Conversion line below the base line (Bearish).
                       c) Price below the baseline ( Bearish)
7)  Candlestick.. Weak Shooting ( Bearish) went and touch the resistance at 0.32 and without the supporting buying pressure it came back down midway


Conclusion:
Bearish

E ( Entry) : 0.33 

S ( Stop Loss) : 0.3         

P ( Profit) :0.375

RRR (Risk to Reward Ratio) = 1.6 (Slightly Rewarding)

 

Next Resistance at  0.32 / 0.335 / 0.355 / 0.38 / 0.395
 Support at  0.305 /0.285 / 0.25