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Sunday, February 6, 2011

VT second counter BJ TOTO




Another VT counter and in progress to sell this cash cow company

























Observation
1) Trend Line - Downtrend ( Bearish)
2) HH - Testing the previous higher low at 4.17 ( Waiting for confirmation)
3) MACD - Bearish
4) RSI - Oversold - Bearish
5) ADX - Momentum average with Bearish Signal

Conclusion
Wait for confirmation before going into this counter

Entry Price = 4.32
Stop Loss = 4.11
Take Profit  = 4.5







3 comments:

  1. Hi Edwin

    Do look into BJCorp chart.

    TEH

    ReplyDelete
  2. Posted the BJCORP.. Have to be cautious in this VT counter :) If lucky can profit and if unlucky get burned..

    ReplyDelete
  3. BJCorp run up as expected from the chart shown 2 days ago. I missed BJCorp-cc as I was too busy, but grabbed MahSing-cb for contra play instead.

    TEH

    ReplyDelete

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