Alam hit entry price..

Quick updates..

Buy Call on 9 November 2012

E ( Entry) :0.68 (Meet entry price closed a 0.685)  

S ( Stop Loss) : 0.64

P ( Profit) :0.73           ----> Try to sell 50% here and then try for 0.77... if it goes up and goes down below 0.73 then sell it there.. 

RRR (Risk to Reward Ratio) = 1.25 (Average)

E ( Entry) :0.68((Meet entry price closed a 0.685)  

S ( Stop Loss) : 0.64

P ( Profit) :0.77

RRR (Risk to Reward Ratio) = 2.25 (Slightly Rewarding)

Resistance at    0.695 / 0.715 / 0.735 / 0.78 / 0.79 / 0.815 

Support   at    0.67 /  0.645 / 0.59

CARLSBERG possible forming a higher low

Carlsberg , one of one my favourite company .. Just love the beers yummy.. Posting this counter for my fellow reader who requested for a technical analysis check for this counter.. This counter formed a higher high and also just recently gave out a dividend.

Indicators

1 ) Trendline - above the uptrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish) 

3) MACD - MACD line meeting. If MACD 4R1G with blue rebounding upwards will indicate further bullish
4) RSI - Broken below 70% (Bearish) ,

5) STO - Broke below 80% and bearish crossover (Bearish)
6) Ichimoku -  a) Price above  the support cloud ( Bullish)

                       b) Conversion line  above the base line ( Bullish)
                       c) Price close below the baseline ( Bullish)
7) Candlestick pattern - Bullish Piercing (bullish). If on Nov 12, closed with another white candle will confirmed the bullish reversal.

8) Company performance - Earning positive trend and positive dividend

Conclusion:
Bullish -


Support rebound play

E ( Entry) :12.85 ( Closed at or above it)  -

S ( Stop Loss) : 12.4 

P ( Profit) :13.15

RRR (Risk to Reward Ratio) = 0.67 (RISKY)

E ( Entry) :12.85 ( Closed at or above it)  -

S ( Stop Loss) : 12.4 

P ( Profit) :13.70

RRR (Risk to Reward Ratio) = 1.89 (Average)

Uptrend play

E ( Entry) :13 ( Closed at or above it)  -

S ( Stop Loss) : 12.7 

P ( Profit) :13.7

RRR (Risk to Reward Ratio) = 2.33 (Slightly Rewarding)

Resistance-  12.81/  12.99/ 13.81

Support -   12.5 / 12.19 / 11.85

Alam Broke the support at 0.715

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

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