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Sunday, January 16, 2011


Let follow up on this stock since i have invested on this hehe..

bought at 3.02 - 50lots and now this counter is retracing back to the support line. Hold hold hold... and collect more later at 3.02 hehe, have to be confident about Steel Counters MRT project which requires at least 10 Billion worth of material mainly on steel..

1) Uptrend - Still above the uptrend line which is good good... Next Support 3.03
2) HH - Formed higher high at 3.15 and now retracing back and previous Higher low was at 2.9
3) MACD - 4G1R on 13 Jan where it started to retrace
4) RSI - Overbought and now retracing
5) ADX- at 30% showing high momentum and interest is still in .

Conclusion, continue to bull this counter and buy on weakness at 3.03 and if break 2.97 cut loss...

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