Thursday, January 27, 2011

Swing trade MapletreeLog, RafflesEdu

MapletreeLog closed 0.955 today with a doji candlestick, it tested the support at 0.945 and the support seems to be holding well. Can consider to buy if it break prior day high for swing trade. Entry at 0.965, target 1.07,stoploss at 0.94, Timeframe 1-2week

RafflesEdu closed 0.315, also have retraced to support level. can consider to do swing trade on this. Entry at 0.325, Target 0.35, Exit 0.31, timeframe 3-5days. As compared to Mapletreelog, this would be a riskier bet as the slope is steeper.