Buy above rm2.85 and put your stop at below 20 ma @ rm2.70Saturday, February 28, 2009
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As I sit in front of the market screen, I gazed and wondered what will happen next. Here are my thoughts and ideas for the Bursa Malaysia Stock Market.
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7 comments:
If it breaks RM 2.85, how long should we hold b4 selling?
May I know who I am dealing with ?
I'm Adrian; been reading your posts for a while.
Thanks in advance for your comments.
Martin, i'll bet 80% probablility the rm2.85 resistance will hold. A breakdown is much more likely. I see rm 2.00 recent low to be tested in the near term, say within 1 to 2 months. Best of luck to those who dare to put their feet in. World trade is sick and getting sicker.....
Dear anonymous,
It is unlikely that Rm2.85 - 3.00 resistance will be convincingly breached. I'd rather sell. Rm 2.50 to 2.00 is a realistic downside target for the near term....world trade will continue to be dismal unfortunately. The rise in Baltic Dry Index is just a dead-cat bounce.
ha ha ha... sold all my shares already... now just sit back and watch the sheeps get slaughered
Smart fella....
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