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MYEG testing to break above the ICHO cloud

Written By Unknown on Sunday 4 November 2012 | 8:26:00 pm

Let check on the stock analysis for MYEG



Indicators
1 ) Trendline -  Broke above the down trendline (Bullish )
2)  Support/Resistance - Awaiting for higher high signal..
3) MACD - 4G1R (Bearish)
4) RSI - Declining towards 50%  (Bearish)  .If rebound from 50% bulllish if vice versa bearish..
5) STO -Bullish Crossover and inclining towards 80% (Bullish )  .
6) Ichimoku - a) Inside the support cloud . If break above it will indicate bullish
                       b) Conversion line same as the base line . If Conversion break above will indicate bullish
                       c) Price above the baseline (Bullish )
7) Candlestick - Black candle as a doji.. Bearish



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Conclusion:
Bullish - 

Entry Price at  0.8
Stop Loss at 0.775
Take Profit at  0.82
Risk to Reward Ration ( RRR) =0.8 (Risky)

Entry Price at  0.8
Stop Loss at 0.775
Take Profit at  0.84
Risk to Reward Ration ( RRR) =1.6 (Average)

Entry Price at  0.8
Stop Loss at 0.775
Take Profit at  0.855
Risk to Reward Ration ( RRR) =2.2 (Rewarding)


Resistance - 0.785/ 0.795 / 0.82 / 0.855 / 0.865
Support      - 0.76 / 0.74 / 0.725 / 0.72


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