Headlines News :
Home » » KNM bullish attack confirmation after hammer support

KNM bullish attack confirmation after hammer support

Written By Unknown on Wednesday 12 September 2012 | 9:09:00 pm

Today KNM closed magnificently with a bullish engulfing to confirm the hammer (Bullish Reversal). Will it make a comeback?







 Indicators
1 ) Trendline -  above  Uptrendline ( Bullish)
2)  Support/Resistance - Formed higher low (Bullish)
3) MACD - (Bullish)
4) RSI - Heading toward 50% ( Slightly Bullish)
5) STO - Bearish crossover( BEarish
 6) Ichimoku -  a) Trying to break out and upwards from support cloud (Bullish).
                          b) Conversion line above the base line (Bullish).
                          c) Price above the baseline ( Bullish)
7) Candlestick Pattern : Formed bullish engulfing above a hammer ( Bullish)


Conclusion:
Bullish


Result : Bullish
Entry (E) = If close above 0.72 (Check price during 4.30pm ~ 4.50pm). Avoid risking to buy in the morning and face downtrend during end of trading.
Stop loss = 0.66
Take Profit = 0.78 / 0.85


Support at  0.69 / 0.56
Resistance at 0.8 / 0.87
Share this article :

0 comments:

Speak up your mind

Tell us what you're thinking... !

MY WATCH LIST

Check out my current investment

The Stock Library Chat

SPONSOR

KLSE

The Edge Malaysia Business & Markets

Business Times : latest

Followers

Network Follower

 
Support : Creating Website | Johny Template | Mas Template
Proudly powered by Blogger
Copyright © 2011. The Stock Library - All Rights Reserved
Template Design by Creating Website Published by Mas Template