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Will KNM succeed the second round bullish attack.

Written By Unknown on Sunday 7 October 2012 | 5:41:00 pm

Those who went in on 19 September at 0.705, hope that you all follow the rules and did not sell it..


E ( Entry) : 0.705
S ( Stop Loss) : 0.66              
P ( Profit) :0.775
RRR (Risk to Reward Ratio) = 1.56 (Slightly Rewarding)
 
 
E ( Entry) : 0.705
S ( Stop Loss) : 0.66              
P ( Profit) :0.85
RRR (Risk to Reward Ratio) = 3.22 (Rewarding)


It has rebound at 0.665 and went back up.. Will this counter KNM succeed to reach our TP which we had set our goals at..




Indicators
1 ) Trendline - Reaching and testing the uptrendline (Slightly  Bullish). If break above 0.725 on Monday 8 October it will indicate bullish
2)  Support/Resistance - formed Higher Low  (Bullish)
3) MACD - Bullish Crossover (Bullish). 
4) RSI -  Broke above 50% ( Bullish).   
5) STO - Formed Bullish Crossover and broke above 30%  - (Bullish)
6) Ichimoku -a) Above support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)

Support at  0.695 / 0.685 / 0.66 / .625 / 0.56
Resistance at 0.725 / 0.76 / 0.795
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