CSL Formed a Matching LOW Candlestick Pattern (Bullish Reversal)

CSL is another Smallcap stock which has a big risk and big reward for those big appetite investor. CSL has consecutive close at 1.09 and formed a candlestick pattern MATCHING LOW (Bullish Reversal)


Let check the stock analysis chart for China Stationery Limited on 14 September 2012

 

Indicators
1 ) Trendline - Sideline - Need to break above 1.19 to formed a uptrend
 2)  Support/Resistance - formed Higher Low  (Bullish)
3) MACD - Small Bearish Crossover (Bearish).  - Waiting for a white candlestick and a 4R1G Signal
4) RSI -  Hovering below 50%  - Waiting for a white candlestick and break above 50% to formed bullish

5) STO - Retracing towards 20% - (Bearish)- Currently signal are kissing waiting for Bullish Crossover

6) Ichimoku -a) Below  support cloud (Bearish).
                       b) Conversion line above the base line (Bullish).
                       c) Price below the baseline ( Bearish)
7) Candlestick - Formed Matching Low ( Bullish) .High chances of Bullish Reversal
                        


Conclusion:
Bullish -

E ( Entry) : 1.12

S ( Stop Loss) : 1.04              

P ( Profit) :1.18

RRR (Risk to Reward Ratio) = 0.86 (Slightly Risky)

E ( Entry) : 1.12

S ( Stop Loss) : 1.04   

P ( Profit) :1.27

RRR (Risk to Reward Ratio) = 2.14(Rewarding)

 

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