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Do you dare to challenge Amedia again?

Written By Unknown on Tuesday, 6 November 2012 | 04:28

Many traders loves take risk and always remember this statement.. NO RISK NO GAIN  and in Malaysia term No Goreng No Kaya..





Indicators
1) Trendline - below  Downtrend ( Bearish)
2)  Support/Resistance - Formed lower high (Bearish)
3) MACD -  Bullish Crossover (Bullish)  .
4) RSI - Rebound from 50% (Bullish)  .. If break above 70% will indicate more Bullish 
5) STO - Bearish Crossover and retracing towards 50%  (Bearish
6) Ichimoku -  a) Price below support cloud (Bearish).
                          b) Conversion line below the base line (Bearish).
                          c) Price below the baseline ( Bearish)





Conclusion:
Bearish

RISKY BUY BUT BIG GAIN..

E ( Entry) : 0.42 
S ( Stop Loss) : 0.36      
P ( Profit) :  0.455
RRR (Risk to Reward Ratio) = 0.58 (Risky)

E ( Entry) : 0.42 
S ( Stop Loss) : 0.36      
P ( Profit) :  0.5
RRR (Risk to Reward Ratio) = 1.33 (Average)




Slow and Steady Buy Call

E ( Entry) : 0.47 ( Ensure closed above this price)
S ( Stop Loss) : 0.40     
P ( Profit) :  0.59
RRR (Risk to Reward Ratio) = 1.71 (Slightly Rewarding)




Resistance at  0.445 /0.465 0.52
Support at    0.385 / 0.32 / 0.3
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2 comments:

  1. amedia stuck in trading range 0.375-0.42...sideways from now on

    ReplyDelete
  2. True .. too bad it did not break 0.42 today..

    ReplyDelete

 
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