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ASUPREM Formed MACD 4R1G Bullish Reversal

Written By Edwin Toh on Monday, 1 October 2012 | 7:22:00 pm

Today ASUPREM formed a very nice hammer on the bollinger band support  with a MACD 4R1G..

Let check on the Stock Analysis Chart for October 01 2012



Indicators
1 ) Trendline - Below the bullish trendline (Bearish)
 2)  Support/Resistance - formed Lower low and lower high (Bearish)
3) MACD - 4R1G Signal (Bullish)
4) RSI - Hovering  towards 50% (Slightly Bullish)
5) STO - Formed Bullish crossover (Slightly Bullish). If broke above the 20% will indicate more bullish
6) Ichimoku - a) below support cloud (Bearish). 
                       b) Conversion line below the base line (Bearish). 
                       c) Price below the baseline ( Bearish)
7) Candlestick - Formed a support hammer on the bollinger band support ( Bullish





Conclusion:
 Slightly Bearish -

Counter Attack trend 
E ( Entry) : 0.28 ( Ensure closed above it)
S ( Stop Loss) : 0.245             
P ( Profit) :0.31
RRR (Risk to Reward Ratio) = 0.86 ( Slightly Risky)


E ( Entry) : 0.28 ( Ensure closed above it)
S ( Stop Loss) : 0.245             
P ( Profit) :0.335
RRR (Risk to Reward Ratio) =1.57 (Slightly Rewarding)
 
Next Resistance at  0.275 / 0.3 / 0.31 / 0.35
Support at 0.25 /  0.24 / 0.21 / 0.19
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