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DRBHICOM breaking above the support cloud

Written By Unknown on Monday 19 November 2012 | 8:10:00 pm

After MACD 4R1G, DRBHICOM begin to rebound and ended up  3.3% .




Indicators
1 ) Trendline -  Broke above the down trendline (Bullish )
2)  Support/Resistance -Formed higher low (Bullish )
3) MACD - Formed 4R3G  and bullish crossover (Bullish )
4) RSI - Moving sideways.. If break above 70% will indicate more bullish
5) STO -Bullish Crossover  and rebound from 20% (Bullish )  .
6) Ichimoku - a) Breaking above support cloud (Slightly Bullish ).  If break above 2.52 will indicate more bullish
                       b) Conversion line below the base line (Bearish). 
                       c) Price above the baseline ( Bullish )


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Conclusion:
Bullish -

Entry Price at  2.53
Stop Loss at 2.48
Take Profit at  2.58
Risk to Reward Ration ( RRR) =1 (Average)

Entry Price at  2.53
Stop Loss at 2.48
Take Profit at  2.63
Risk to Reward Ration ( RRR) =2 (Slightly Rewarding )


Resistance - 2.52 /  2.6 / 2.66 / 2.72
Support      - 2.5 / 2.39 / 2.35


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