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CARLSBERG possible forming a higher low

Written By Unknown on Sunday 11 November 2012 | 9:50:00 am



Carlsberg , one of one my favourite company .. Just love the beers yummy.. Posting this counter for my fellow reader who requested for a technical analysis check for this counter.. This counter formed a higher high and also just recently gave out a dividend.









Indicators
1 ) Trendline - above the uptrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish
3) MACD - MACD line meeting. If MACD 4R1G with blue rebounding upwards will indicate further bullish
4) RSI - Broken below 70% (Bearish) ,
5) STO - Broke below 80% and bearish crossover (Bearish)
6) Ichimoku -  a) Price above  the support cloud Bullish)
                       b) Conversion line  above the base line Bullish)
                       c) Price close below the baseline Bullish)
7) Candlestick pattern - Bullish Piercing (bullish). If on Nov 12, closed with another white candle will confirmed the bullish reversal.
8) Company performance - Earning positive trend and positive dividend



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Conclusion:
Bullish -


Support rebound play
E ( Entry) :12.85 ( Closed at or above it)  -
S ( Stop Loss) : 12.4 
P ( Profit) :13.15
RRR (Risk to Reward Ratio) = 0.67 (RISKY)

E ( Entry) :12.85 ( Closed at or above it)  -
S ( Stop Loss) : 12.4 
P ( Profit) :13.70
RRR (Risk to Reward Ratio) = 1.89 (Average)


Uptrend play
E ( Entry) :13 ( Closed at or above it)  -
S ( Stop Loss) : 12.7 
P ( Profit) :13.7
RRR (Risk to Reward Ratio) = 2.33 (Slightly Rewarding)



Resistance-  12.81/  12.99/ 13.81
Support -   12.5 / 12.19 / 11.85
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1 comment:

  1. yeah...thanks

    Most indicators shown here are bullish especially recent making all time high...I anticipate higher trend too because of the coming festive season and final+special dividend. In the past six months, you can see price soar during the Euro2012 and OctoberFest each...It would be exciting to monitor the stock for more W formation...

    hopefully today can close with a green candlestick...some people are optimistic and some are pesimistic about the brewery stock...we just have to set and stick to the goal no matter what people say. If fiscal cliff is settled in Jan 2013, I believe Carlsbg/Gab will continue higher trend on par with the index.



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