AIRASIA formed MACD 4R1G Signal

On Friday Airasia formed a macd 4R1G which is a good sign of bullish reversal. We need a confirmation signal which is another white candle and break above 3.1 to see some sign of bullish.

Indicators
1 ) Trendline -  On the sideline
2)  Support/Resistance - Formed higher low  ( Bullish )
3) MACD - 4r1g (Bullish )
4) RSI - if rebound from 50% will indicate more bullish
5) STO -Bullish Crossover and rebounding from 20% (Bullish )  .
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
                       b) Conversion line above the base line  (Bullish ) 
                       c) Price above the baseline (Bullish )
7) Candlestick -  White candle after a spinning top.(Bullish )

Conclusion:
Bullish - 



Entry Price at  3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at  3.13 ( 50d Ma) 
Risk to Reward Ration  (RRR) =0.6(Risky)


Entry Price at  3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at  3.17
Risk to Reward Ration ( RRR) =1.2 (Average)


Entry Price at  3.11 ( Closed at or above it)
Stop Loss at 3.06
Take Profit at  3.27
Risk to Reward Ration ( RRR) =3.2 (Rewarding)

Resistance -3.1 / 3.15 (20d Ma) / 3.19 / 3.3  / 3.43
Support      - 3.07/ 3.01 / 2.97 / 2.94