SYF reaching for the stars.. 3D !!

This is the sequel of SYF stock counter soaring up again after breaking the 0.8 resistance level

Let check on the stock analysis chart for SYF on 18 September 2012

Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
 2)  Support/Resistance - formed Higher Low  and Higher High ** ALL TIME HIGH** at 0.81 ( Bullish)
3) MACD -4R4G ( Bullish) - Ready to abandon ship if we encounter 4G1R signal
4) RSI - At Overbought and went above from 70% ( Slightly Bullish) 

 5) STO - At Overbought mode. Both indicators are kissing - Watchout for bearish crossover

6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick -3 white candle after a hammer support ( 3 White Soldier) ( Bullish)
8) Volume Distribution - Buying Pressure is healthy (Bullish).

Conclusion:
Bullish - remember to take slight profit on every resistance to protect your profit

 High Risk

Entry price if break above 0.8 but the resistance is very close at 0.83 ( Which is less that 4% profit) which is risky.

E ( Entry) : 0.805

S ( Stop Loss) : 0.755              

P ( Profit) :0.85

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

 

Next Resistance at  0.83/ 0.86
Support at 0.8 / 0.76 /0.745/ 0.73/ 0.645 / 0.62