Red Tone another counter insight for bullish

Red Tone is a one of the Telco Company which is laggard and ready to pickup and chase the leaders like TM and Axiata.

Let check on the Chart Stock Analsysis for 19 September

If you notice the trend.. After break the Red Line ( Downtrend Line) it will start to soar up with high volume.

 

Indicators
1 ) Trendline - Broke above the downtrendline (Bullish)
 2)  Support/Resistance - formed Higher Low  ( Bullish)
3) MACD -No signal and wait for the Bullish Crossover to confirm bullish
4) RSI - Trending up from 30%( Slightly Bullish)  -  Making a U Turn to Bullish

5) STO - Bullish Crossover ( Slightly Bullish) and if broke above 50% to confirm Good Bullish Reversal Signal

6) Ichimoku - a) Broke Above  support cloud (Bullish).
                       b) Conversion line below the base line (Bearish).
                       c) Price above the baseline ( Bullish)


Conclusion:
Bullish -

E ( Entry) : 0.345 

S ( Stop Loss) : 0.315         

P ( Profit) :0.375

RRR (Risk to Reward Ratio) = 1 (Average)

 

Next Resistance at  0.355 / 0.365 / 0.38
 Support at 0.34 / 0.32 /0.31/ 0.3