19 October 2012
The price has been trending up with higher-low since it was supported at 0.595 on 11 Sep 2012 until today.
The higher-low is further evidenced by the higher-low of RSI and MACD along that period.
Both fast (46.2) and slow (41.6) STO leaves room for further upside as the indicator is still way off overbought level of 80.0.
Immediate resistance is at SMA50 of 0.66, second resistance will be at 0.695.
P/S: I am holding shares of BJCORP at average price 0.8342 since buying it in 26/4/12.
Mistake: Did not analyse both fundamental and technical aspect of the stock when buying, simply thought that it will rebound right after a sharp fall.
Lesson: Analyse both intrinsic value and the trending of the stock before buying, a big fall in price does not guarantee a rebound, do not go against the trend. #lessson1
No comments:
Post a Comment