Redtone broke above the downtrend line

Remember the post which was posted last 19 September about the historical trend. It is here and to refresh your memory.. Please refer to this link to check on the previous post


Referring to the Stock Analysis Chart closed on 2nd October 2012

Indicators
1 ) Trendline - Broke above the downtrendline (Bullish)
 2)  Support/Resistance - formed Higher Low  ( Bullish)
3) MACD -Bullish Crossover ( Bullish)
4) RSI - Trending up from 50%( Slightly Bullish) 

5) STO - Broke above 80% ( Slightly Bullish) 

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


Conclusion:
Bullish -

E ( Entry) : 0.345 

S ( Stop Loss) : 0.315         

P ( Profit) :0.375

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

 

Next Resistance at  0.355 / 0.365 / 0.38
Support at 0.34 / 0.32 /0.31/ 0.3