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Sunday, November 18, 2012

Amedia - Bollinger Squeeze..

Amedia is currently in the bollinger band squeeze for 1 week and awaiting the right signal to boom up or down.. Those who are holding it be prepared for any surprises whether it is good or bad..




Indicators
1) Trendline - Side way trend between 0.465 and 0.315 
2)  Support/Resistance - Formed lower high (Bearish)
3) MACD -  Waiting for 4R1G signal 
4) RSI -Stagnant at the  55% to 65 %.. If break above 70% will indicate bullish and retrace toward 50% will indicate bearish 
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)
7) Chart Pattern - Bollinger Squeeze.. Bandwidth at the lowest level and waiting to bollinger band breakout





Conclusion:
Bearish - Waiting for 4R1G signal accompany with bollinger band breakout above..


Risky Breakout but big gain 
E ( Entry) : 0.4 ( Ensure closed above this price)
S ( Stop Loss) : 0.36      
P ( Profit) :  0.455
RRR (Risk to Reward Ratio) = 1.37 (Average)

E ( Entry) : 0.4( Ensure closed above this price)
S ( Stop Loss) : 0.36      
P ( Profit) :  0.5
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding )

E ( Entry) : 0.4 ( Ensure closed above this price)
S ( Stop Loss) : 0.36      
P ( Profit) :  0.61
RRR (Risk to Reward Ratio) = 5.25  (Rewarding )





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  0.4 / 0.465 0.52
Support at    0.385 / 0.32 / 0.3

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