Will SYF Pattern Dream come true.

As mention on the previous post on 5 October that it shows a similiar pattern that after a Doji it will formed a black candle with low volume ( PROFIT TAKING) . Tommorow there might a chance to go up a big white candle..

Indicators
1) Trendline - Broke above the down trendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R3G (Bullish)
4) RSI - Retracing toward 30% (Bearish)  .If white candle there is chances of reversal sign
5) STO - Bullish Crossover and broke above 20% (Bullish).
6) Ichimoku - a) Above  support cloud (Bullish). 
                       b) Conversion line below the base line (Bearish). 
                       c) Price above the baseline ( Bullish)
7) Candlestick - Doji Star Formed with a black candle. ( Bearish). 
8) Volume Distribution - Small Selling Pressure is stronger ( Bearish). 

9 ) Company Performance - Earning Report getting better and better no wonder many investors are eyeing on this counter

Conclusion:
Bullish -

According to the pattern on 16 August.. It went up pretty high a day before and pause for a while with high volume and follow with a black candle with low volume ( Profit Taking ) and then went started to go up since 22 August from 0.54 to 0.83..

Previous Call on 3 October

E ( Entry) : 0.67  ( Closed at or above it)

S ( Stop Loss) : 0.62            

P ( Profit) :0.735

RRR (Risk to Reward Ratio) = 1.3 (Average)

 

E ( Entry) : 0.67  ( Closed at or above it)

S ( Stop Loss) : 0.62            

P ( Profit) :0.82

RRR (Risk to Reward Ratio) = 3(Rewarding)

E ( Entry) : 0.67  ( Closed at or above it)

S ( Stop Loss) : 0.62            

P ( Profit) :0.86

RRR (Risk to Reward Ratio) = 3.8 (HIghly Rewarding)

 

 

Buy Call for 9 October

E ( Entry) : 0.755 ( Closed at or above it)

S ( Stop Loss) : 0.67           

P ( Profit) :0.82

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

Next Resistance at  0.68 / 0.75 / 0.83 / 0.877
Support at 0.635 / 0.615 / 0.59 / 0.53