Wednesday, March 26, 2014

*********** Nam Cheong: Consolidating in uptrend channel...... (BUY to hold) - 0.325

Nam Cheong has been consolidating below the 0.35 KEY RESISTANCE level for about 3 months already. Still trading above uptrend channel support like which held since beginning 2012. Opportunity to accumulate on dips above channel support to wait for a potential breakout above the 0.35 resistance. A matter of time only before a bullish breakout, don miss it then. Not for contra, might have to hold to wait out the consolidation !
Stop loss at 0.275
 

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