KNM Broke the 0.695 Resistance and bullish

Yesterday KNM manage to broke the 0.695 with sufficient volume and close at 0.705.



Let Check on the Stock Analysis Chart on 18 September 2012

Indicators
1 ) Trendline - Above uptrend line (Bullish)

2)  Support/Resistance - formed Higher Low  (Bullish) and testing the intermediate resistance at 0.72
3) MACD - Positive region (Bullish). 

4) RSI -  Heading toward 50% ( Slightly Bullish).   - Waiting for a white candlestick and break above 50% to formed bullish

5) STO - Formed Bullish Crossover and broke above 50%  - (Bullish)

6) Ichimoku -a) Above support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Formed Separating Line - .(  Slightly Bullish) -
                        


Conclusion:
Bullish -

E ( Entry) : 0.705

S ( Stop Loss) : 0.66              

P ( Profit) :0.775

RRR (Risk to Reward Ratio) = 1.56 (Slightly Rewarding)

 

 

E ( Entry) : 0.705

S ( Stop Loss) : 0.66              

P ( Profit) :0.85

RRR (Risk to Reward Ratio) = 3.22 (Rewarding)

 

Support at  0.695 ( Trendline Support on 18 September)  /0.625 / 0.56
Resistance at 0.725 / 0.76 / 0.795