BURSAMASTER BULLSEYE

MY WATCHLIST FOR WEEK 2 : 11 – 15 JAN 2016

BURSAMASTER BULLSEYE
Publish date: Sun, 10 Jan 2016, 10:45 PM
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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.

 

 

 

HAPPY TRADING & GOOD LUCK

BURSAMASTER


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Discussions
1 person likes this. Showing 1 of 1 comments

weechin53

Minho now trading at 1.42?!

2016-01-11 11:37

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