Monday, September 13, 2010

Osim, Market outlook

Osim, buy signal for mid-long term trade. Buy if tuesday hit $1.05, higher than today's high, stop loss is 0.94(below trendline). This is a good uptrend stock, as u can see from the picture, it is constantly making higher high and higher low. S1 is the first support, S2 is second support..and so on. All this supports will prevent the stock from falling further. R is the Resistance, barrier for the stock from moving higher. Once clear the resistance, the stock will more likely to continue to move higher.

Can also look at STI etf and SGX on tuesday, can consider if it move higher. Overall market is looking good, STI break resistance at 3040, heading to 3240.
Related Posts Plugin for WordPress, Blogger...