SKPETRO Hit Target Profit

Buy Call on the 13 October

E ( Entry) :2.44 ( Closed at or above it)

S ( Stop Loss) : 2.42     

P ( Profit) :2.47

RRR (Risk to Reward Ratio) = 1.5 (Average)

 

E ( Entry) :2.44 ( Closed at or above it)

S ( Stop Loss) : 2.42     

P ( Profit) :2.51

RRR (Risk to Reward Ratio) = 3.5 (Rewarding)

 

E ( Entry) :2.44 ( Closed at or above it)

S ( Stop Loss) : 2.42     

P ( Profit) :2.53

RRR (Risk to Reward Ratio) = 4.5 (Rewarding)

Indicators
1) Trendline - Broke above the down trendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R1G (Bullish)
4) RSI - Inclining and test 70% (Bullish)  .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and If breaks above 70% will indicate more bullish (Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Bullish Engulfing with a black candle. ( Bullish).


Conclusion:
Bullish -

New Buy Call..

E ( Entry) :2.54( Closed at or above it)

S ( Stop Loss) : 2.5  

P ( Profit) :2.63

RRR (Risk to Reward Ratio) = 2.25 (Rewarding)