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Amedia breakout after bollinger squeeze

Written By Unknown on Wednesday 21 November 2012 | 8:02:00 pm

After staying dormant for a few weeks, lastly investor / traders started to have interest of this counter and started to accumulate this stock rapidly after 3.30pm today..






Indicators
1) Trendline - Side way trend between 0.465 and 0.315
2)  Support/Resistance - Formed lower high (Bearish)
3) MACD - Formed 4R1G signal.. (Bullish)
4) RSI -Stagnant at the  55% to 65 %.. If break above 70% will indicate bullish and retrace toward 50% will indicate bearish 
5) STO - Bullish Crossover  (Slightly BullishIf break above 50% will indicate bullish and retrace toward 50% will indicate bearish 
6) Ichimoku -  a) Price below support cloud (Bearish).
                          b) Conversion line meeting with each other the base line 
                          c) Price above the baseline ( Bullish)
7) Chart Pattern - Bollinger band squeeze breakout.
Nuffnang Ads


Conclusion:
SLightly Bullish after MACD 4R1G.. Waiting for another white candle to confirmation the bullish reversal..- 

BUY CALL ON NOV 17..

Risky Breakout but big gain 
E ( Entry) : 0.4  Met Entry Price
S ( Stop Loss) : 0.36      
P ( Profit) :  0.455
RRR (Risk to Reward Ratio) = 1.37 (Average)

E ( Entry) : 0.40.4  Met Entry Price
S ( Stop Loss) : 0.36      
P ( Profit) :  0.5
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding )

E ( Entry) : 0.4 0.4  Met Entry Price
S ( Stop Loss) : 0.36      
P ( Profit) :  0.61
RRR (Risk to Reward Ratio) = 5.25  (Rewarding )





Slow and Steady Buy Call

E ( Entry) : 0.47 ( Ensure closed above this price)
S ( Stop Loss) : 0.40     
P ( Profit) :  0.59
RRR (Risk to Reward Ratio) = 1.71 (Slightly Rewarding)

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