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TAKASO Formed MACD 4R1G

Written By Unknown on Tuesday 20 November 2012 | 7:54:00 pm

Takaso formed MACD 4R1G and possible of higher low at 0.255 support.




Indicators
1) Trendline - Above Uptrend line (Bullish)
2) Support/Resistance - Formed higher high  (Bullish)
3) MACD -Formed 4R1G  (Bullish)
4) RSI - Trending up towards 50% (Slightly  Bullish)
5) STO - Bullish Crossover and Trending up towards 20%  (Slightly  Bullish) .  If break above 20% will indicate strong bullish 
6) Ichimoku - a)   Above the  support cloud  (Bullish).
                       b) Conversion line below the base line . ( Bearish )
                       c) Price below the baseline (Bearish )
7) Candle Stick - Bullish Engulfing after spinning top (Bullish)




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Conclusion:
Bullish - 
Starting to show signs of higher low and if tomorrow close with another positive white candle will confirm bullish reversal.

E ( Entry) :0.29 ( Closed or above it )
S ( Stop Loss) : 0.27
P ( Profit) :0.33
RRR (Risk to Reward Ratio) =1.83 (Rewarding)



Resistance at  0.28 / 0.305 / 0.35 / 0.4
Support   at  0.255 / 0.25 / 0.24  / 0.22 / 0.25 / 0.19

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