We thought Alam was able to formed a higher low at 0.715 support with the Bullish Harami Cross on 07 November but however it was not able to sustain and plunge down 0.665
2) Support/Resistance - Formed higher high (Bullish)
3) MACD -Bearish Crossover (Bearish)
4) RSI - Broke below 70% (Bearish)
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Company Performance - Earning returning to positive and next result will be around the corner at 19 November onwards..
Conclusion:
Bullish -
Let wait for the next higher low which is higher at 0.59 (Previous higher low)
Previous Buy Call on 07 November
Indicators
1) Trendline - Broke below the Uptrendline and now sideways.. and on 09 Nov it started to formed a downtrend line if continue to bear 2) Support/Resistance - Formed higher high (Bullish)
3) MACD -Bearish Crossover (Bearish)
4) RSI - Broke below 70% (Bearish)
5) STO - Broke below 80%. (Bearish)
6) Ichimoku - a) Above support cloud (Bullish).b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Company Performance - Earning returning to positive and next result will be around the corner at 19 November onwards..
Conclusion:
Bullish -
Let wait for the next higher low which is higher at 0.59 (Previous higher low)
Previous Buy Call on 07 November
E ( Entry) :0.74 ( Closed at or above it) - Failed to meet entry price
S ( Stop Loss) : 0.715
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 0.83 (RISKY)
NEW
E ( Entry) :0.68( Closed at or above it)
S ( Stop Loss) : 0.64
P ( Profit) :0.73
RRR (Risk to Reward Ratio) = 1.25 (Average)
E ( Entry) :0.68( Closed at or above it)
S ( Stop Loss) : 0.64
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 2.25 (Slightly Rewarding)
Resistance at 0.67 / 0.695 / 0.715 / 0.735 / 0.78 / 0.79 / 0.815
Support at 0.645 / 0.59
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