BJCORP Testing the 0.7 Resistance

BJCORP in KLSE is Testing the 0.7 Resistance after getting MACD Signal of 4R2G and in addition to answer the question to our fellow investor which was also stated in the Stock Forum and Discussion


Let Check out the BJCORP Chart Analysis on 14 September

 

Indicators

1 ) Trendline - Broke above the downtrend line (Bullish)
 2)  Support/Resistance - formed Lower Low  (Bearish)
3) MACD -4R2G  and Bullish Crossover ( Bullish)
4) RSI -  Broke above 30% and 50% (Bullish) 

5) STO - Bullish Crossover and broke above 20% - (Bullish)

6) Ichimoku -a) Below  support cloud (Bearish).
                       b) Conversion line below the base line (Bearish).
                       c) Price above the baseline ( Bullish)
7) Candlestick -2 White Candle ( Bullish) . Waiting for another white Candle to confirm 3 White Soldier which is strong Bullish Continuation


Conclusion:
Bullish -

E ( Entry) : 0.71

S ( Stop Loss) : 0.66                       

P ( Profit) : 0.75

RRR (Risk to Reward Ratio) = 0.8 (Slightly Risky)

E ( Entry) : 0.71

S ( Stop Loss) : 0.66

P ( Profit) : 0.79

RRR (Risk to Reward Ratio) = 1.6 (Reasonable)

Next Resistance at 0.7 / 0.72 / 0.75 / 0.8
Support at 0.67 /0.64 / 0.6 / 0.55 / 0.51