MY WATCHLIST FOR WEEK 2 : 11 – 15 JAN 2016
1- PRG (7168) Strong support is pegged at its resistance breakout of 1.00. It was broken conclusively last Friday on good volume with immediate TP 1.10 & 1.20.
2- GCB (5102) As of 8 January 2016, GCB has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages. In addition, the price just broke the resistance of 1.36 reinforcing the bullishness in the recent price movement.This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
3- PETRONM (3042) As of 8 January 2016, PETRONM has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 5.45. My 3-month TP 8.00
4- MINHO (5576) MINHO has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of MINHO are 1.43 and 1.54 respectively. The indicator analysis on RSI is not exhibiting any extreme condition. Once 1.54 broken, we should see 1.68 & 1.80.
5- ENGTEX (5056) ENGTEX has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.30 reinforcing the bullishness in the recent price movement.This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
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HAPPY TRADING & GOOD LUCK
BURSAMASTER
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Created by BURSAMASTER BULLSEYE | Jul 11, 2016
weechin53
Minho now trading at 1.42?!
2016-01-11 11:37