Tuesday, January 03, 2006
A Review on Meiban.
Previously, i indicated how Meiban could be in for a rebound off its long downtrend. Since it is already 2006, it is time for a review of Meiban.
More favourable indicators showed up.
1. 22 MA is turning up
2. MACD Histogram is positive.
3. MACD line crosses above Signal line.
4. Stochastics is riding high.
5. RSI Index is increasing.
6. Light volume at the lower low shows that there is lack of selling pressure. A Good sign indeed!
I am very tempted to be vested in this counter. Buy now and put a stop loss at 0.34. After all, PM Lee has is very upbeat that 2006 will outperform 2005 in terms of economic development. Even the STI Index has already increased 13.5% goes to show the overall market sentiment. Ultimately, if the counter to not turn out the way it indicators predicated it to be, CUT LOSS! Do not hold on to it and degenerate into paper loss. How successful in trading is not deemed by the number of good trades you made, but by how many bad trades you had.
More favourable indicators showed up.
1. 22 MA is turning up
2. MACD Histogram is positive.
3. MACD line crosses above Signal line.
4. Stochastics is riding high.
5. RSI Index is increasing.
6. Light volume at the lower low shows that there is lack of selling pressure. A Good sign indeed!
I am very tempted to be vested in this counter. Buy now and put a stop loss at 0.34. After all, PM Lee has is very upbeat that 2006 will outperform 2005 in terms of economic development. Even the STI Index has already increased 13.5% goes to show the overall market sentiment. Ultimately, if the counter to not turn out the way it indicators predicated it to be, CUT LOSS! Do not hold on to it and degenerate into paper loss. How successful in trading is not deemed by the number of good trades you made, but by how many bad trades you had.
# posted by guanoe @ 9:25 AM 
