Lets analyze the stock chart for Kuchai on 2nd November 2012
Indicators
1) Trendline - Broke above the Sideline(Bullish)2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R2G(Bullish) .
4) RSI - Testing 50% after rebounding from 30%(Bullish) If break above 50% will indicate more bullish
5) STO - Bullish Crossover (Bullish). If break above 20% will indicate more bullish
6) Ichimoku - a) Above support cloud (Bullish).b) Conversion line below the base line .( Bearish )
c) Price below the baseline ( Bearish)
Conclusion:
Bullish -
E ( Entry) :1.03( Closed at or above it)
S ( Stop Loss) : 1.01
P ( Profit) :1.05
RRR (Risk to Reward Ratio) =1 (Average)
E ( Entry) :1.03( Closed at or above it)
S ( Stop Loss) : 1.01
P ( Profit) :1.07
RRR (Risk to Reward Ratio) =2 (Rewarding)
Resistance at 1.02 / 1.06 / 1.08
Support at 1.00 / 0.97 / 0.95
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