JCY broke above the resistance

After weeks of bearish attack, finally JCY broke away from the downtrend line with a bullish engulfing candlestick.

Let check on the stock analysis chart on 1st October 2012


                                                              Fibonacci Resistance and Support

                                                               Historical Resistance and Support

Indicators
1 ) Trendline - Above the down trendline (Bullish)
 2)  Support/Resistance - formed lower low ( Bearish)
3) MACD - Bullish crossover  (Bullish)
4) RSI - Heading towards 30% (Slightly Bullish) . If break above 30% will confirm bullish

5) STO - Formed Bullish crossover and going up towards 20%  (Slightly Bullish).   If break above 20% will confirm 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 Abandoned Baby ( Bullish) 


Conclusion:
Bullish

E ( Entry) : 0.81( Ensure closed at or above it)

S ( Stop Loss) : 0.78          

P ( Profit) :0.9

RRR (Risk to Reward Ratio) = 3 ( Rewarding)

E ( Entry) : 0.81( Ensure closed at or above it)

S ( Stop Loss) : 0.78          

P ( Profit) :0.93

RRR (Risk to Reward Ratio) = 4( Rewarding)

Next Resistance at 0.91 / 0.94 / 1.06 / 1.08
Support at  0.795 / 0.765/  0.74 / 0.705