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Is Amedia Bottoming Out

Written By Unknown on Sunday 21 October 2012 | 12:24:00 pm

After the big drop from 1.15 to 0.32, it has been in sideline line between 0.32 and 0.38 for 1 week. Does it indicates anything that the bottoming has been completed?




ndicators
1 ) Trendline - below  Downtrend ( Bearish)
2)  Support/Resistance - Formed lower low (Bearish)
3) MACD - (Bearish)  . If 4R5G. with this bottoming effect there is might be 2 possiblities

          a) 4G1R - Another Bearish Run and break below 0.32 - Bearish
          b) Bullish Crossover and break above 0.38 Bullish


4) RSI - Sideline under 30% . If break above 30% will indicate Bullish 
5) STO - Sideline under 20% . If break above 30% will indicate Bullish 
 6) Ichimoku -  a) Price below support cloud (Bearish).
                          b) Conversion line below the base line (Bearish).
                          c) Price below the baseline ( Bearish)



Conclusion:
Bearish

E ( Entry) : 0.39 ( Ensure closed above this price)
S ( Stop Loss) : 0.32         
P ( Profit) :  0.43
RRR (Risk to Reward Ratio) = 0.57(RISKY)

E ( Entry) : 0.39 ( Ensure closed above this price)
S ( Stop Loss) : 0.32         
P ( Profit) :  0.50
RRR (Risk to Reward Ratio) = 1.57 (Slightly Rewarding)
 

Resistance at  0.385 /0.445 / 0.52
Support at    0.32 / 0.3
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1 comment:

  1. Edwin today went up to 0.375..can buy now :o

    ReplyDelete

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