Scomi Formed A MACD 4R1G Bullish

This counter Scomi has been in the Top 10 Counter more than a week due to IJM buying 20% of their stock  . This proof that Scomi Business Profit or Business Concept have been inside the IJM investment radar.

Lets check the Stock Analysis Chart for SCOMI on 8 October 2012.

Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
 2)  Support/Resistance - formed higher high and higher low (Bullish)
3) MACD - Formed 4R1G(Bullish)
4) RSI - Incline and testing 70% (Slightly Bullish). If break above 70% it will be bullish

5) STO - Formed Bullish crossover in the overbought zone (Slightly Bullish). 

6) Ichimoku - a) Above  support cloud (Bullish). 
                       b) Conversion line above  the base line (Bullish). 
                       c) Price above the baseline ( Bullish)
7) Candlestick - Formed a Bullish Engulfing ( Bullish) 

Conclusion:
Bullish

E ( Entry) : 0.4( Ensure closed at or above it)

S ( Stop Loss) : 0.35             

P ( Profit) :0.43

RRR (Risk to Reward Ratio) = 0.6 ( Risky)

E ( Entry) : 0.4( Ensure closed at or above it)

S ( Stop Loss) : 0.35             

P ( Profit) :0.45

RRR (Risk to Reward Ratio) = 1( Average)

E ( Entry) : 0.4( Ensure closed at or above it)

S ( Stop Loss) : 0.35             

P ( Profit) :0.47

RRR (Risk to Reward Ratio) = 0.86 ( Slightly Rewarding)

Next Resistance at 0.43/ 0.455 / 0.48 / 0.5 / 0.55 ( Bullish Pennant TP)
Support at  0.4/0.35 / 0.32 / 0.3 / 0.28