Monday, May 19, 2014

********************* Nam Cheong: Slow and steady........ continue to ride the uptrend, Raise stop loss higher now ! Now at 0.375.

Nam Cheong has recently cleared above 0.37 resistance as mentioned earlier and went to a high of 0.39….. Poised to test the psychological 0.400 soon and a break above 0.400 will see it trade higher on a new upward phase again. Raise stop loss to 0.34 now. Can consider accumulating above support at 0.35 now for in wait for a breakout. Would have to hold to ride any upside along the way while raising stop loss.

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