THHEAVY (RAMUNIA) Testing the 0.54 resistance

THHEAVY known as Ramunia which was very famous back then with the Take Over from Sime Derby.  Previous week, it week up the higher high at 0.61 and retrace and this is the opportunity to accumulate some of this if we miss it.

Let check on the stock analysis of THHEAVY( RAMUNIA) on 14 September 2012

Indicators
1 ) Trendline - Above the uptrend line (Bullish)
 2)  Support/Resistance - formed Higher Low and higher low  (Bullish)
3) MACD - Formed 4R1G (Bullish).
4) RSI -  Broke below 50%  -(Bearish). If on 18 September it closely higher it will rebound back to bullish

5) STO - Retracing towards 20% and both lines are kissing - (Bearish)- Currently signal are kissing waiting for Bullish Crossover and rebound at 20% to be bullish

6) Ichimoku -a) Above support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price Above the baseline ( Bullish)
7) Candlestick - Formed Bullish Engulfing ( Bullish) . Moderate Bullish Signal
                        


Conclusion:
Bullish -

E ( Entry) : 0.55

S ( Stop Loss) : 0.515        

P ( Profit) : 0.585

RRR (Risk to Reward Ratio) = 1 (Average)

 

E ( Entry) : 0.55

S ( Stop Loss) : 0.515        

P ( Profit) : 0.63

RRR (Risk to Reward Ratio) = 2.29(Rewarding)

 

Support at  0.525 / 0.51 / 0.495 / 0.48
Resistance at 0.54 / 0.56 / 0.595 / 0.6 / 0.61 / 0.64/ 0.665