Tuesday, December 18, 2007
LP ah LP. Why did you pick this counter to do a full analysis on? What should I write here?
Resistance line and support line pretty obvious with .295 as a very strong support. For buyers don't buy unless it hits .295 else u're in the middle of nowhere. Not encouraged in times like this.
But then again, buy also not much meat, so don't buy.
Acutally, it's quite sad for this counter, since emergence as of my chart due to limited infomation, it has yet to break .45.
Nothing else, i think*
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1 comments:
Saw the symmetrical triangle? If we extend the 2 trendlines till they meet, they will converge sometime next year. Before that happens, popular's price will have to break the upper trendline or the lower trendline. It's interesting to see which way it'll go.
But I concur with your advice: buy at lower trendline and not in-between. But I wouldn't even buy it in the first place, till the symmetrical triangle result is finalised :) Not a good stock, FA-wise.
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