About Me

Name:
Location: Singapore

A small fish dreaming in a huge pond.
If you have any interesting ideas about the market, gimme a beep!

It's Me!

Charting



It is free!


First Steps

Other Blogs

Archives

This page is powered by Blogger. Isn't yours?

"The market is a treacherous and fascinating game. I am a player and this is the quiet place i go to pen my thoughts and emotions."

Wednesday, August 23, 2006

Chart: Want Want

ChartThis stock is a very volatile and thinly traded one. So trade with care!


I will approach this chart from the viewpoint of patterns and trends.

This stock has been experiencing a lot of gaps over the past months. A pattern has emerged: the gaps will always be covered within a few days. Another pattern is that a short term reversal will occur when the price breaks the 2.0 bollinger and rebounds.

Higher lows indicate the short term trend is still bullish.

My take: a gap down to the 1.4 or 1.36 levels will present a good opportunity to buy. The price may try to test 1.55 again.

I hope this helps!
=)



Technorati Tags: ,

// posted by Quest @  8/23/2006 04:08:00 PM




Comments: Post a Comment

Links to this post:

Create a Link



<< Home
DISCLAIMER:
In no event will the author of this blog be liable for:
(i) any incidental, consequential, or indirect damages (including, but not limited to, damages for loss of profits, business interruption, loss of programs or information, and the like) arising out of the use of or inability to use the service, or any information, or transactions provided on the service, or downloaded from the service, or any delay of such information or service. Even if the author has been advised of the possibility of such damages, or
(ii) any claim attributable to errors, omissions, or other inaccuracies in the service and/or materials or information downloaded through the service.
By using this blog, you consent to the agreement as specified above.