The Chart of the week Hong Leong Financial Group is working ok this around.
Wednesday, May 28, 2008
9:03 am - HLFG is having a 18 L/C yesterday.
The Chart of the week Hong Leong Financial Group is working ok this around.
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2 comments:
Hi Martin,
If I want to ride on this uptrend,
I will set my inital stop loss at below RM4.80. With entry price at RM5.27 and profit target at RM6.10. The reward/risk ratio is 0.83/0.47 is only 1.76 which is less than 2 (minimum requirement). What do you think? Am I being too conservative?
Thanks,
CW Hong
HCW,
I wud set my profit target as open and let HLFG run a bit.
If HLFG comes to a halt such as double top or resistance, take partial profits.
Your stop can be higher just below RM 4.95 on a close stop.
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