Monday, November 19, 2007
Ladies and Gentlemen!
I think I might have found a gem for long. Introducing ChipEngSeng!!
Was "taught" how to derive 200EMA and decided to take a look at some counters!
1. Note the 4 Red down arrows.
All these days tested this line of resistance, dated back Nov 06, that's a good 1 YEAR AGO! Alright... It broke but then now it's testing it again.
Will it like before break this resistance and rise another $0.50? That's 10% in a month. I'm taking a rough estimate.
2. Let's welcome 200EMA!
Note the green line. It broke this 200EMA a few days back but now it is resting on it ago and based on historical records till date, it has only broken this trendline twice, considering the last broke a few days back.
3. Note the 2 Green Up arrows
Granted it broke the 200EMA, however it also tested the price of .575 the "mini" gap-up price set on 21st May. Good news is, it did not close below it.
Well Let's see if 'm right in a couple of days, maybe 2 months! =)
0 comments:
Post a Comment