BURSAMASTER BULLSEYE

BURSAMASTER’s PICKS 19 AUG 2016

BURSAMASTER BULLSEYE
Publish date: Thu, 18 Aug 2016, 09:02 PM
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BURSAMASTER’s PICKS 19 AUG 2016

HARBOUR (2062)

An important development took place on 18 August 2016 where the price of HARBOUR broke the resistance of 1.04. 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.

 

DOLMITE (5835)

DOLMITE 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 0.39 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.

 

 

THHEAVY (7206)

THHEAVY has been trading above its upward sloping 20-Day Moving Average which is a good sign. 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 0.16.

 

 

GADANG (9261)

GADANG 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 2.71 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.

 

 

EDEN (7471)

An important development took place on 18 August 2016 where the price of EDEN broke the resistance of 0.23. 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

Disclaimer


The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

 

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