Good news is the green line would act as a supportive position. As rational investor, breaking this line would give no signal but QUIT.
Free technical analysis on Hong Kong stock market, world stock markets, foreign exchange market, commodities market, as well as some important notes for being a successful trader.
Sunday, May 2, 2010
Random Analysis (2010-05-02 3988.HK)
As one of my friends is holding Bank of China (3988.HK) for few months, I did some analysis on it. Basically I found both good and bad news for my friend. Bad news is on the 4-hour chart, the price breaks the uptrend (in red) and it has just reached the second line of fibonacci. Most likely its way up would be blocked.
Good news is the green line would act as a supportive position. As rational investor, breaking this line would give no signal but QUIT.
Good news is the green line would act as a supportive position. As rational investor, breaking this line would give no signal but QUIT.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment