QUOTE(edwin32us @ Sep 22 2012, 02:03 PM)
ASUPREM surge up after break the resistance at 0.35 but retrace back to the support after the bad economic data from China on Thursday.. It is possible to pick up more units for the second bull run..
Let check on ASUPREM stock analysis chart on 21 September 2012
[attachmentid=3062647]
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed Lower High (Bearish)
3) MACD -The Bullish Signal Meeting with the Bearish Signal. If Bullish Crossover will confirm the second bullish round
4) RSI - Hovering below 50% and if break above it will confirm the second bullish round
5) STO - Broke above 50% (Bullish)
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed three inside down ( Bearish) . Click here to understand the candlestick 8) Volume Distribution - Buying Pressure is healthy (Bullish)
[attachmentid=3062646]
Conclusion:
Bullish -
E ( Entry) : 0.365
S ( Stop Loss) : 0.345
P ( Profit) :0.435
RRR (Risk to Reward Ratio) = 2.6 (Rewarding)
Next Resistance at 0.445
Support at 0.35 / 0.31 /0.3/ 0.275
thanks for your detail analysis. i also did some home work on this counter, once this counter drop below 0.35, can consider cabut alreadyLet check on ASUPREM stock analysis chart on 21 September 2012
[attachmentid=3062647]
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed Lower High (Bearish)
3) MACD -The Bullish Signal Meeting with the Bearish Signal. If Bullish Crossover will confirm the second bullish round
4) RSI - Hovering below 50% and if break above it will confirm the second bullish round
5) STO - Broke above 50% (Bullish)
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed three inside down ( Bearish) . Click here to understand the candlestick 8) Volume Distribution - Buying Pressure is healthy (Bullish)
[attachmentid=3062646]
Conclusion:
Bullish -
E ( Entry) : 0.365
S ( Stop Loss) : 0.345
P ( Profit) :0.435
RRR (Risk to Reward Ratio) = 2.6 (Rewarding)
Next Resistance at 0.445
Support at 0.35 / 0.31 /0.3/ 0.275
Sep 22 2012, 03:52 PM

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