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Kulim almost at the entry price for big bull

Written By Unknown on Monday 15 October 2012 | 7:30:00 pm

Thanks to the CPO tax Cut, most of the plantation counters fair much better



Indicators
1 ) Trendline -  Broke back above the uptrendline the (Bullish )
 2)  Support/Resistance - Formed higher Low  (Bullish ). If break above 5.03 will formed a higher high which will indicate further stronger bullish attack
3) MACD - Positive Region and Bull signal above the bearish signal (Bullish )
4) RSI - Rebound from 50% and inclining (Bullish )  .If break the 70% it will indicate more bullish
5) STO - Broke above 80% and formed bullish crossover (Bullish 
6) Ichimoku - a) Below resistance cloud (Bearish).  If break above it will indicate stronger bullish
                       b) Conversion line above the base line (Bullish). 
                       c) Price above the baseline ( Bullish)
7) Candlestick BUllish EngulfingBullish). 

Conclusion:
Bullish - If remain above the uptrend line

Previous buy call on 4 October 


Entry Price at 5.05
Stop Loss at 4.7
Take Profit at 5.37
Risk to Reward Ration ( RRR) = 0.94 (Slightly Below Average)
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1 comment:

  1. Kulim is now at the very top of the Ascending triangle.
    About to take of . Unless High volume is seen.
    Hopefully 4R1G anytime.

    ReplyDelete

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