Previous buy call on Oct 04 2012
Entry Price at 0.945
Stop Loss at 0.89
Take Profit at 0.965
Risk to Reward Ration ( RRR) = 0.36 (Risky) ( Met Target)
Entry Price at 0.945
Stop Loss at 0.89
Take Profit at 0.99
Risk to Reward Ration ( RRR) = 0.82 (Slightly Risky) - FAIL ( Highest was 0.98)
Entry Price at 0.945
Stop Loss at 0.89
Take Profit at 1.06
Risk to Reward Ration ( RRR) = 2 (Rewarding) FAIL ( Highest was 0.98)
Let check the stock analysis chart for RSAWIT on 2 November 2012
Indicators
1 ) Trendline - Broke above the down trendline (Bullish )
2) Support/Resistance - Awaiting for higher low with doji signal... If white candle on the Monday will indicate a higher low which it is bullish signal..
3) MACD - Waiting for 4R1G signal for bullish signal
4) RSI - Declining towards 50% (Bearish) .If rebound from 50% bulllish if vice versa bearish..
5) STO -Broke below 50% (Bearish) .If rebound from 20% and it will indicate more bullish
6) Ichimoku - a) Below resistance cloud (Bearish).
b) Conversion line above the base line (Bullish ).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed a Doji.. if
a) White Candle on the following day - Bullish ( Bullish Reversal)
b) Black Candle on the following day - Bearish.. ( Continue to bearish)
Conclusion:
Bullish -
Entry Price at 0.95
Stop Loss at 0.92
Take Profit at 0.98
Risk to Reward Ration ( RRR) =1 (Average)
Entry Price at 0.95
Stop Loss at 0.92
Take Profit at 1.03
Risk to Reward Ration ( RRR) = 2.67(Rewarding)
Entry Price at 0.95
Stop Loss at 0.92
Take Profit at 1.06
Risk to Reward Ration ( RRR) = 3.67 (Rewarding)
Resistance - 0.945 / 0.96 / 0.99 / 1.00 / 1.02
Support - 0.925 / 0.905 / 0.86 / 0.835
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