Red tone formed a higher low with a MACD 4R1G Signal

Well hope that everybody earn money on the previous buy call on October 2 ( Refer to previous post)

E ( Entry) : 0.345 

S ( Stop Loss) : 0.315         

P ( Profit) :0.375

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

On Thursday 25 October , it has formed a MACD 4R1G after 2 white candle from the higher low. This will provided some good support at 0.36

Let check the Stock Analysis Chart on 25 October 2012

 

Indicators
1 ) Trendline -  above the Uptrend (Bullish)
 2)  Support/Resistance - formed Higher Low at 0.36 ( Bullish)
3) MACD -4R1G signal ( Bullish)
4) RSI - Trending up from 50%( Slightly Bullish) 

5) STO - If rebound from 20% and with a bullish crossover at 1~2 days after MACD 4R1G signal will provide more bullish confirmation

6) Ichimoku - a) Broke Above  support cloud (Bullish). 
                       b) Conversion line above the base line (Bullish). 
                       c) Price above the baseline ( Bullish)


Conclusion:
Bullish -

E ( Entry) : 0.395

S ( Stop Loss) : 0.35   

P ( Profit) :0.405

RRR (Risk to Reward Ratio) =0.37 (Risky)

E ( Entry) : 0.395

S ( Stop Loss) : 0.35   

P ( Profit) :0.425

RRR (Risk to Reward Ratio) = 0.75 (Slightly Risky)

E ( Entry) : 0.395

S ( Stop Loss) : 0.35   

P ( Profit) :0.44

RRR (Risk to Reward Ratio) = 1.12 (Average)

 

Next Resistance at  0.39/ 0.41 / 0.435 / 0.45/ 0.46
Support at 0.38 / 0.37 /0.36/ 0.35