CMSB awaking from the sideline sleep

CMSB was resting and hover on the support at 3.26 for 2 weeks and finally seeing some signs of bullish..

Indicators
1 ) Trendline - Sideline ( Bearish)
2)  Support/Resistance - Formed Higher High  and higher low (Bullish)
3) MACD - Formed 4R3G  (Bullish) 
4) RSI - Broke above 50% (  Bullish )
5) STO - Bullish Crossover and inclining toward 50% (  Bullish  )
 6) Ichimoku -  a) Price above support cloud (Bullish).
                          b) Conversion line above the base line (Bullish).
                          c) Price above the baseline ( Bullish)
7) Candlestick Pattern : Formed bullish engulfing above a hammer ( Bullish)


Conclusion:
Bullish 
 

E ( Entry) : 3.34 ( Ensure closed above this price)

S ( Stop Loss) : 3.24         

P ( Profit) :  3.48

RRR (Risk to Reward Ratio) = 1.75 (Slightly Rewarding)

 

Resistance at   3.32/ 3.38/ 3.51
Support at    3.26 / 3.2/ 3.06 / 2.98