Thursday, October 14, 2010

FRIDAY (15/10/2010) - BUDGET 2011

Hi Guys,

Only 2 counters i interested tonite.  One is SUPPORT, another is FABER.

SUPPORT

Doing bollinger band breakout today after resistance easily taken at 2.34.  I have projected the price to 3.09 and if u think this target mission impossible, u can draw half to take profit.



FABER

This is another bollinger band waiting to break the upper band line.  I notice the period of uptrend and the period to cool off before rebound back is equal.  So, tomorrow i will wait the price cutting 20ma resistance before moving upward to breakout.  Look here...



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