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Perisai broke above the resistance with MACD 4R2G

Written By Unknown on Thursday 1 November 2012 | 7:43:00 pm

Miss out this counter yesterday. Today it went up breaking the resistance at 1.06 with MACD 4R2G signal..






Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R2G (Bullish)
4) RSI - Broke above 50% (Bullish)  .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and  broke above 20%(Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Bullish Engulfing with a black candle. ( Bullish).


Conclusion:
Bullish -
E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.11
RRR (Risk to Reward Ratio) = 0.75 (RISKY)


E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.13
RRR (Risk to Reward Ratio) = 1.25 (Average)


E ( Entry) :1.08 ( Closed at or above it)
S ( Stop Loss) : 1.04  
P ( Profit) :1.18
RRR (Risk to Reward Ratio) = 2.5 (Rewarding)


Resistance 1.11/ 1.15 / 1.16/ 1.2 / 1.23 / 1.25
Support   1.06 / 1.02 / 0.995 / 0.97 / 0.93

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1 comment:

  1. STRONG BUY TIGER will break 0.50 and go rm1 like harvest...volume supports this theory BY 15 november it will be RM1...

    ReplyDelete

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