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Alam broke above the 0.695 Resistance

Written By Unknown on Friday 7 December 2012 | 8:48:00 pm

Those who have followed the buy call on 13 November which the entry price at 0.68 and it went down to 0.645 and then rebound back to 0.7



Indicators
1 ) Trendline - Sideway trending between 0.645 and 0.715. If break above 0.715 will indicate uptrend
2)  Support/Resistance - Formed lower  low ( Bearish ) 
3) MACD -Awaiting for bullish crossover. If bullish crossover will indicate bullish
4) RSI - Broke above 50% (Bullish) ,
5) STO - bullish crossover and broke above 50%  (Bullish)
6) Ichimoku -  a) Price above the support cloud (Bullish).
                       b) Conversion line  below the base line (Bearish).
                       c) Price close above the baseline ( Bullish) .






Conclusion:
Bullish
Testing the 0.715 and if break above it will indicate it is uptrend again and we can aim higher.
After breaking 0.715 the momentum will be stronger with high volume.

Since 9 November
E ( Entry) :0.68 (Meet entry price closed a 0.685)  
S ( Stop Loss) : 0.64
P ( Profit) :0.73           ----> Try to sell 50% here and then try for 0.77... if it goes up and goes down below 0.73 then sell it there.. 
RRR (Risk to Reward Ratio) = 1.25 (Average)

E ( Entry) :0.68((Meet entry price closed a 0.685)  
S ( Stop Loss) : 0.64
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 2.25 (Slightly Rewarding)


Resistance at    0.715 / 0.735 / 0.78 / 0.79 / 0.815 
Support   at     0.695 /0.67 /  0.645 / 0.59




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