Making money today? If not, look at E&O and KIMLUN tomorrow. Short brief on E&O and KIMLUN below. Another counter i suggest is LANDMARK. Enjoy your trading.
E & O
Chart Orientation
E&O surge today with MARUBOZU candlestick, cross triple bottom neck line at 1.46. This crossing must be done in quick manner and with high volume as u can see at the bottom. I get this info from my fren, Dr Ooi, do counter check from chart, then write up in the blog. The credit goes to her, who i believe making money for the last 2 weeks and today. I hope this CNY 2012 bring prosperous and prosperity to her and family.
If u still interested, enter price at 1.53 and hopefully touch resistance at 1.76. Cut loss point at 18 sen below, 1.36. Calculate your risk and reward so that u will not stuck as long term investor. Next chart.
Indicators
From top, 1) acc up
2) momentum up
3) Stochastic touch 20% line and up. I consider 42%.
4) MACD histogram green and above 0 line.
- In this case, one indicator stand out from the rest but i think all indicators above are enough for u to make decision.
Risk and Reward
Risk : ???
Reward : ???
U have to calculate yourself. If not rewarding leave it. So many counters u can chose, don't stuck with this one.
My View
All indicators and MARUBOZU candlestick showing price will going up tomorrow. No doubt about it, unless something that i don't know happen. My advice is don't follow the crowd. The good time to buy is when price still stagnant and not rushing to the top. U can do that yesterday or the day before.
KIMLUN
Chart Orientation
Today a dragonfly doji above a gap. Volume still low. Entering price, target price and cut loss price as per chart. Remember, calculate your risk and reward.
Indicators
From top, 1) acc up
2) momentum up
3) stochastic above 20% ie 28%
4) MACD histogram green but MACD below 0
-If the price going up tomorrow, so does the MACD line.
My View
I think price will going up tomorrow because of the gap up. Don't take my word easily, do some research about it.
LANDMARK
LANDMARK show symmentical triangle. To ensure success, LANDMARK should break out at 2/3 sym triangle in which i consider tomorrow. Enter at 1.12, cut loss at 1.06, target price at 1.14, 1.16 and 1.22. Volume still low.
Indicators
From top, 1) acc up
2) momentum up
3) stochastic 50%
4) MACD histogram green and MACD above 0.
My View
If the price reach the apex, taht is consider fail sym triangle breakout. So the latest must be tomorrow. If u want to play break out on sym triangle, your enter price should be 1.15, just outside the triangle. Don't follow herds or crowd. Enter at early stage, not in the middle or on top of the hill because Trading is Risky Business, take care your money and u can sleep well every nite.
Happy Trading!!!
No comments:
Post a Comment