To participate in an uptrending stock, we can look for a bullish opportunity near the support levels, as it will enable the trader to reap a more attractive reward to risk ratio. Once we spot an uptrending stock, the next step is to identify a bullish trade set-up that will enable us to better gauge the strength of the support levels. A commonly used bullish trade set-up combines the MACD indicator and bullish Japanese candlestick reversal patterns. It indicates a buy signal when we observe that there was a bullish candlestick reversal pattern formed before a MACD bullish crossover happens. As seen in the chart of SembCorp, it is trading in an uptrend as the price actions continue to hover above the 20 and 50-day moving averages.  On 28th October 2010, a bullish Japanese candlestick reversal pattern called “Bullish Harami” was spotted followed by a bullish crossover signal from the MACD trend indicator. Thereafter, Sembcorp had a rally of 10% to hit a high of $5.01 seen on 10th November 2010. Interestingly, such bullish set-up was being triggered again on 24th November 2010. A break above the immediate resistance at $5.08 may see a further upside push to target the next resistance at $5.54. On the other hand, a violation below the key support at $4.73 may damage the uptrend to trigger a sell-off towards the next support at 4.48.