Hi Buddy,
Update for 3-9-2010
As i said before, TCHONG is the main player in automotive sector. My suggestion to u who bought earlier is u hold until the price reach 5.25, than sell half or full. MACD & stochastic still consider 50% fill and another 50% to go. If u scared to hold that high, just sell at 5.20, then buy back later when the price break resistance. Nothing to loss and u keep cash your paper profit. Good day for u. Watch here.
Did u like automotive sector? Hmm such as Proton, APM, TChong and many more. In this sector, as far as i concern Proton and TChong dominate the sector with such a big move when price going up. Today (1/9/2010) I focus on TChong when i see the parameters below look good:
1. Volume high.
2. MACD 4 red 1 green.
3. Stochastic oversold.
4. RSI kiss of life.
5. Acc/dist start to move up.
My suggestion to u, wait until the end of tomorrow before decided to buy. One indicator to make judgement to buy or to sell was not there. Not so good to buy tomorrow. Be patient, your reward will be coming your way. TQ.
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