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Sunday, February 13, 2011


Petra is one of the Laggard O/G Counter which shoot up pretty drastically from Mid Dec 2010 until Mid Jan 2011. So this counter it is good to monitor to catch another big fish..

1) Trend Line - Still in Uptrend (Bullish)
2) HH- Formed Lower High at 1.14 ( Bearish)
3) MACD - Bearish and now waiting for 4R1G for reversal hopefully by 17 Feb
4) RSI - Increasing and waiting to break 50% ( Slightly Bullish)
5) ADX - Average Momentum with Bearish Signal

If KLSE sentiment is good, most likely we will see a strong reversal for all counter and for this counter we need to look into the candlestick. Previous Trading day, it shows a weak hammer on the 50d MA and if there is a white candle on Monday it will show a strong reversal signal such as  Morning Star as shown below

Entry Price - 1.08 (Risky)
                    1.14 (Safe)

Stop Loss - 0.98
Take Profit - 1.29 (10%)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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