Friday, October 26, 2007
Who says analysis has to be complex. In many ways it can be simple depending on how you look at it. In this chart, it's seems pretty simple.
Notice how it nicely breakout at 1.26 when the price tested 1.32.
Igore the latter price. @ 1.26 the market has already decided that the price of this counter is worth 1.26 @ closing, notice the very high volume. About 2x more than the normal trading zone.
As discussed with my friend, if this counter were to appear on the top volume list on friday, it's a good buy provided that the signs in the morning is bullish and well.. we're not that wrong, are we?
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