Eastern & Oriental (EAST MK) Technical BUY with +15.5% potential return Last price : RM2.97 Target Price : RM3.21, RM3.43 Support : RM2.88 Stop-loss: RM2.86 BUY with a target price of RM3.43 with stoploss below RM2.86. Following a retracement from the recent high of RM3.21, EAST has established a support level at RM2.88 before gradually recovering and closing above both the 7-day and 21-day EMA lines. Yesterday’s gap-up, despite registering a black candle, has placed the share price above 50.0% Fibonacci retracement level, thus implying a potential reversal ahead. The “hidden bullish divergence” has been detected between share price and RSI (higher low vs lower low) thus signalling a bullish reversal. A positive closing above RM3.05 would ensure an upward continuation as we peg our medium-term target at 1.38x Fibonacci Extension target of RM3.43. Expected Timeframe: 2 weeks to 3 months
incessively pressed down they dont want up ,pressing down will sacre the shit out of you, so you sell off yours cheap, you'll need balls of steel and dick of titinuim, stick it up bro, dont lose.
look at narra weeks and weeks of selling , if you dont have balls of steel , you lose big.look at the price today, pressed down down , why ??huge gaps in between prices, can meh???
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Somdejking King
281 posts
Posted by Somdejking King > 2014-08-07 12:02 | Report Abuse
kumpulkan banyak banyak, apa mau buat