VOLUME ON MUDAJAYA, HARVEST

Hi All,

10.34 am  11 Jan 2012

Anthony Robbins talk about the power of repetition in his book Awaken The Giant Within. When writing a book, repetition play important part for writer to ensure message will be remember by readers and book become thicker. That why here, i like to repeat the counters that i posted before ie Mudajaya  and Harvest.

First of all, Mudajaya just lucky to rebound today. Same thing goes to Harvest. I hope u make some money today. Assume u have bought those 2 counters this morning but don't know how far these 2 can go - whether sky is the limit  or charted the new high or just stuck in the middle.

Mudajaya

If u look into stochastic percentage(blue line) , not so much different from the last writing, where stoch up 3% to 63%.  There is so much room to move up for Mudajaya. I estimate if Mudajaya break 2.44, the next target should be 2.85. 

Mudajaya VOLUME.

It is normal for any counters to break Bollinger Band upper band with High Volume.  Look at chart, the green long line just below the right blue arrow.

Remember, stock not moving in the straight line, but  there must be pullback before have power to push another round. Better stay longer on profit counters and cut lost quickly on losing counters.

Harvest

This is tricky part.  To the upside, very strong gap (2nd gap for 2 days is fantastic) but doji on top seem that this counter will have a pullback.  So,  let see the volume distribution below.

Legend:

SD - SELL DOWN

BU - BUY UP

If u look today, SD much bigger than the BU, meaning distribution much more bigger than accumulation. If I have to make decision,  I better take profit and run.

Harvest VOLUME

Volume high but price stuck between bull and bear and created doji on top ( + ).  Im not  interested with this volume. Can u see the different  volume and candlestick between Mudajaya and Harvest?

Happy Trading!!!!