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KULIM formed Bullish Engulfing

Written By Unknown on Thursday 4 October 2012 | 8:48:00 pm



Indicators
1 ) Trendline -  Broke back above the uptrendline the (Bullish )
 2)  Support/Resistance - Formed higher Low  (Bullish )
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 below 80% and formed bearish crossover (Bearish)  .If break the 80% and bearish mode will be erased 
6) Ichimoku - a) Below resistance cloud (Bearish). 
                       b) Conversion line below the base line (Bearish). 
                       c) Price above the baseline ( Bullish)
7) Candlestick BUllish EngulfingBullish). 

Conclusion:
Bullish - If remain above the uptrend line

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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