Monday, June 10, 2013

***** Consolidation Phase: Dukang. Share price 0.64. ( Impending breakout above 0.65)

Follow up from previous call made last Monday 3rd June. Dukang is likely to consolidate from 0.600 to 0.65 for a while before breaking above. Support remains at 0.600 firmly which was previously a resistance level. Possible to accumulate on dips near 0.600 level to catch the breakout of 0.65. Upside is still intact above 0.600. Upon breaking out at 0.65, aggressive traders can consider averaging up at 0.655 to 0.66 and have a short term target to 0.700. High as of now 12.52pm is at 0.65 level which it again tested today but not much buyers.
To raise trailing stop loss level to 0.585.
 

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