Let check the stock Analysis Chart at 05 November 2012
Indicators
1) Trendline - Moving Side ways -- Awaiting to rebound from 0.74 support2) Support/Resistance - Awaiting for Higher low at 0.74
3) MACD - Negative (Bearish)
4) RSI - Broke below 70% (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)
7) Chart Pattern - Formed a hammer at 20d Ma at 0.75 ( Bullish)
Conclusion:
Bullish -
E ( Entry) : 0.77 ( Ensure closed above this price)
S ( Stop Loss) : 0.73
P ( Profit) : 0.81
RRR (Risk to Reward Ratio) = 1. (Average)
E ( Entry) : 0.77 ( Ensure closed above this price)
S ( Stop Loss) : 0.73
P ( Profit) : 0.86
RRR (Risk to Reward Ratio) = 2.25 (Slightly Rewarding)
Resistance at 0.8 / 0.825 / 0.875 / 0.915
Support at 0.74 / 0.69 / 0.64
Always be cautious that if KLSE break below 1649 it will probably drag all the counter bottom and will negate the Technical Analysis breakout..
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