Saturday, August 28, 2010

CSCSTEL - IRONING YOUR SKILL

Hi All My Friends,


I look at CSCSTEL after scan through XP Trader, every indicator look good to me as follows:


1. MACD  4 red 1 green.
2. Stochastic oversold
3. Momentum almost cross above momentum ma.
4. Reverse at 50 ma support.
5. Acc/dist turning up.
6. RSI turning up.


When bear pressure or buy pressure in the last move before reverse, u will find that exhaustion gap will appear.  In this case exhaustion gap on bear pressure can be seen at price 1.74-1.73 which is pink line.


After that, it is follow by a doji (+ symbol) and then  confirmation was done by white candle.  If u follows this sequence, later on u will know the right time to buy and make your mind whether to buy or not.  Lastly, your stop loss is your friend.  Remember, buy at support, sell at resistance.  If i'm buying on monday (30/8/2010), i will queue buy at 1.74. TQ.


Look here.






Legend
1.  stop loss - red line
2.  exhaustion gap - pink line.
3.  profit target - 1st resistance (1.78), 2nd resistance (1.83) - blue line.

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