Random Trading

Asiapac - Breakout ascending triangle

Random Trading
Publish date: Tue, 19 Aug 2014, 08:59 PM
Too dumb to be an expert, too green to called a veteran and certainly not an insider. what's left..... RANDOM!

Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision.

 

Chart : Asiapac daily chart as of Aug 19 2014 (source: ChartNexus)


Asiapac has since doubled its share price from around 16 sen from December last year to around 31 - 32 sen. Today it rise another 3 sen or 9.68% to close at 34 sen. As a result, it broke its ascending triangle horizontal resistance line at 0.315 convincingly with significant volume. In fact it hits top ten of the most active stocks with some 94 Million shares traded today. This is a bullish sign that probably indicates there could be another good run ahead. Judging on the market sentiment on penny stock, the momentum could be substantial. Should keep an eye on it.

Discussions
1 person likes this. Showing 1 of 1 comments

AiryA

yeah, nice chart indeed!

2014-08-19 21:25

Post a Comment