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GPACKET testing the steep cliff..

Written By Unknown on Thursday, 8 November 2012 | 8:06:00 pm

Sadly, GPACKET did not formed a higher low at 0.61 and now it is a the next support at 0.57.





ndicators
1) Trendline -  above the Uptrend (Bullish)
2)  Support/Resistance - formed higher high ( Bullish)
3) MACD - Bearish Crossover  (Bearish
4) RSI -  Broke below 50% (Bearish
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  0.605 / 0.635 /0.66 / 0.68 / 0.7 / 0.72 / 0.735 / 0.755 / 0.78 / 0.815 ( Target bullish Pennant Breakout)

Support   at  0.57 / 0.5






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