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KUCHAI Formed Higher Low with MACD 4R2G

Written By Unknown on Saturday, 3 November 2012 | 07:50

Kuchai looks like on the rise after with higher low with MACD 4R2G signal..

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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