CSL Formed Hammer at Support ( Signs of bullish Reversal)

This morning CSL dive down towards at 1.06 and after lunch there was a big buying pressure to bring it up. Many investor have the sudden interest to accumulate after observing KLSE forming a hammer support. Hoping that tomorrow KLSE will bounce and this Counter to boom up with soaring heights.

 

Indicators
- Trendline - Sideline
- Formed Higher high ( Bullish)
- MACD -  Kissing and need to wait for tomorrow to know whether 

                    KISS OF LIFE : Two lines meet with each other and then the Blue goes up

                                                                               or

                   KISS OF DEATH : Two lines meet with each other and then the Blue cross the red line and 

                                                    form bearish crossover

- RSI - Going up toward 50%( Slightly Bullish)
- STO - Bearish
  Ichimoku -  a) Price below  resistance cloud (Bearish). Let wait for it go above the resistance cloud to remain bullish
                       b) Conversion line above the base line (Bullish).
                       c) Price below the baseline/conversion line ( Bullish)
- Candlestick Pattern - Hammer   waiting for a white candle for confirmation


Result : Bullish
Entry (E) = If close above1.13 (Check price during 4.30pm ~ 4.50pm). Avoid risking to buy in the morning and face downtrend during end of trading.
Stop loss =  1.08  Take Profit = 1.17/1.27/ 1.44


Support at  1.1/1.06/ 1.01
Resistance at 1.19 / 1.3/ 1.47