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RSAWIT showing signs of higher low..

Written By Unknown on Sunday 4 November 2012 | 1:47:00 pm

Will Rsawit formed a higher low and bullish uptrend again...

Previous buy call on Oct 04 2012

Entry Price at  0.945
Stop Loss at 0.89
Take Profit at  0.965
Risk to Reward Ration ( RRR) = 0.36 (Risky)  ( Met Target)

Entry Price at  0.945
Stop Loss at 0.89
Take Profit at  0.99
Risk to Reward Ration ( RRR) = 0.82 (Slightly Risky) - FAIL ( Highest was 0.98)

Entry Price at  0.945
Stop Loss at 0.89
Take Profit at  1.06
Risk to Reward Ration ( RRR) = 2 (RewardingFAIL ( Highest was 0.98)

Let check the stock analysis chart for RSAWIT on 2 November 2012





Indicators
1 ) Trendline -  Broke above the down trendline (Bullish )
 2)  Support/Resistance - Awaiting for higher low with doji signal... If white candle on the Monday will indicate a higher low which it is bullish signal..
3) MACD - Waiting for 4R1G signal for bullish signal 
4) RSI - Declining towards 50%  (Bearish)  .If rebound from 50% bulllish if vice versa bearish..
5) STO -Broke below 50% (Bearish)  .If rebound from 20% and it will indicate more bullish
6) Ichimoku - a) Below resistance cloud (Bearish). 
                       b) Conversion line above the base line (Bullish ). 
                       c) Price below the baseline ( Bearish)
7) Candlestick - Formed a Doji.. if 
   a) White Candle on the following day - Bullish ( Bullish Reversal)
   b) Black Candle on the following day - Bearish.. ( Continue to bearish)


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Conclusion:
Bullish - 

Entry Price at  0.95
Stop Loss at 0.92
Take Profit at  0.98
Risk to Reward Ration ( RRR) =1 (Average)


Entry Price at  0.95
Stop Loss at 0.92
Take Profit at  1.03
Risk to Reward Ration ( RRR) = 2.67(Rewarding)



Entry Price at  0.95
Stop Loss at 0.92
Take Profit at  1.06
Risk to Reward Ration ( RRR) = 3.67 (Rewarding)


Resistance - 0.945 / 0.96 / 0.99 / 1.00 / 1.02
Support      - 0.925 / 0.905 / 0.86 / 0.835




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