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Is SYF finally stop retracing?

Written By Unknown on Wednesday 3 October 2012 | 9:45:00 pm

This counter was a hot profitable counter which soars all the way from 0.44 to 0.83 within 2 months.. which is about 90% profit. Since at the top we are eyeing whether will be the next higher high be..



Indicators
1 ) Trendline - Broke Below the bullish trendline (Bearish)
 2)  Support/Resistance - If tomorrow rebound with a white candle will indicate a higher low which is bullish
3) MACD -we encounter 4R1G signal. If tomorrow a white candle after a hammer support will high chances show a 4R1G signal
4) RSI - Retracing toward 30% (Bearish)  .If white candle there is chances of reversal sign
5) STO - At Oversold  mode (Bearish)..If white candle there is chances of reversal sign
6) Ichimoku - a) Above  support cloud (Bullish). 
                       b) Conversion line above the base line (Bullish). 
                       c) Price below the baseline ( Bearish)
7) Candlestick -weak hammer when touch the 0.64 Bullish). Waiting for confirmation bull attack

Conclusion:
  Bearish - Still in bearish mode because we are not sure that this weak hammer is able to support the bearish force.. The previous higher low was at 0.615 and if it is able to rebound above this support line it will show that is it a higher low and it will show it is a strong bullish pattern


E ( Entry) : 0.67  ( Closed at or above it)
S ( Stop Loss) : 0.62            
P ( Profit) :0.735
RRR (Risk to Reward Ratio) = 1.3 (Average)
 
E ( Entry) : 0.67  ( Closed at or above it)
S ( Stop Loss) : 0.62            
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 3(Rewarding)

E ( Entry) : 0.67  ( Closed at or above it)
S ( Stop Loss) : 0.62            
P ( Profit) :0.86
RRR (Risk to Reward Ratio) = 3.8 (HIghly Rewarding)
 
 
Next Resistance at  0.68 / 0.75 / 0.83 / 0.877
Support at 0.635 / 0.615 / 0.59 / 0.53
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