Following up from previous call, Nam Cheong has tested the 0.35 level today and cleared it on TOP 5 VOLUME, more upside certain if the 0.36 sellers get lifted too….
Sent: Wednesday, March 26, 2014 9:57 AM
Subject: *********** Nam Cheong: Consolidating in uptrend channel...... (BUY to hold) - 0.325
Subject: *********** 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
No comments:
Post a Comment