GPACKET hovering at 0.605 support/resistance

After the breakout from the bullish pennant it retraces back to the support at 0.605 and hovering between there for few days..

Let check on the Stock Analysis Chart on 05 November 2012

Indicators

1) Trendline -  above the Uptrend (Bullish)
2)  Support/Resistance - formed higher high ( Bullish)
3) MACD - Bullish and Bearish signal meeting.. If 4R1G it will indicate bullish reversal..
4) RSI - Testing 70% if rebound will indicate bullish

5) STO - Broke below 80%(Bearish) 

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) : 0.61 ( Ensure closed above this price)

S ( Stop Loss) : 0.56        

P ( Profit) :  0.67

RRR (Risk to Reward Ratio) = 1.2 (Slightly Rewarding)

E ( Entry) : 0.61 ( Ensure closed above this price)

S ( Stop Loss) : 0.57        

P ( Profit) :  0.69

RRR (Risk to Reward Ratio) = 1.6 (Slightly Rewarding)

E ( Entry) : 0.61 ( Ensure closed above this price)

S ( Stop Loss) : 0.57        

P ( Profit) :  0.725

RRR (Risk to Reward Ratio) = 2.3 (Rewarding)

Resistance at  0.635 /0.66 / 0.68 / 0.7 / 0.72 / 0.735 / 0.755 / 0.78 / 0.815 ( Target bullish Pennant Breakout)

Support   at 0.605 / 0.57 / 0.5

Always be cautious that if KLSE break below 1649 it will probably drag all the counter bottom and will negate the Technical Analysis breakout..