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Dayang Formed higher low..

Written By Unknown on Sunday, 2 December 2012 | 10:07:00 pm

Look like Dayang Formed a higher low after a 2 day white candle confirmation..





Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and  formed higher low ( Bullish
3) MACD - Negative ( Bearish) . Waiting for 4R1G signal for more confirm bullish reversal sign.
4) RSI - Rebounding from 50% (Bullish) ,
5) STO -About to rebound. If bullish crossover will indicate more bullish.
6) Ichimoku -  a) Price above  the support cloud Bullish)
                       b) Conversion line  meeting the base line
                       c) Price close below the baseline ( Bearish)
7) Candlestick pattern - 2 day white candle after hammer (bullish). 






Conclusion:
Bullish but overall market is bad .. Enter at cautious monitoring..


E ( Entry) 2.26( Closed at or above it)  -
S ( Stop Loss) :2.23
P ( Profit) : 2.34
RRR (Risk to Reward Ratio) = 2.67 (Slightly Rewarding)






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