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Pantech formed higher low

Written By Unknown on Thursday, 22 November 2012 | 8:52:00 pm

After a good quarter result with inclining price of it stock.. This is a counter to keep and invest..




Indicators
1) Trendline - Uptrend (Bullish)
2)  Support/Resistance - Formed higher low  (Bullish)
3) MACD - Bullish Crossover . (Bullish)
4) RSI -Inclining towards 70%  (Slightly Bullish)
5) STO - Inclining towards 80% (Slightly Bullish
6) Ichimoku -  a) Price below above cloud (Bullish).
                          b) Conversion line above the base line (Bullish).
                          c) Price above the baseline ( Bullish)
7) Chart Pattern - Bullish Flag breakout but without high volume.. (Slightly Bullish
Nuffnang Ads


Conclusion:
SLightly Bullish after bullish flag breakout but the lack of volume does not satisfy the pattern much but anyhow it formed a higher low ..


E ( Entry) : 0.715 (Closed at or above it) 
S ( Stop Loss) : 0.69     
P ( Profit) :  0.745
RRR (Risk to Reward Ratio) = 1.37 (Average)

E ( Entry) : 0.715 (Closed at or above it) 
S ( Stop Loss) : 0.69     
P ( Profit) :  0.755
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding )


Resistance at 0.715 / 0.74 / 0.745 / 0.76  / 0.785
SUpport at 0.7/ 0.69 / 0.68 /0.65





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