Let check the Chart Analysis Stock on 1st October 2012
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher high and higher low (Bullish)
3) MACD - Upwards (Bullish)
4) RSI - Retrace below 70% (Bearish)
5) STO - Formed Bullish crossover (Slightly 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 a Gravestone Doji ( Bearish)
8) Chart Pattern - Breakout from Bullish Pennant.. Target at 0.55
Conclusion:
Bullish
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.43
RRR (Risk to Reward Ratio) = 0.6 ( Risky)
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.45
RRR (Risk to Reward Ratio) = 1( Average)
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.47
RRR (Risk to Reward Ratio) = 0.86 ( Slightly Rewarding)
Support at 0.35 / 0.32 / 0.3 / 0.28
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