Wednesday, April 30, 2014

Profitable strategy - Buying Stocks at Support

Buying uptrend stock at the support is one of the most sensible strategy to make money in stock market.

One of the example to trade such stock using our SuperTrend system is Frencken, this stock has been making Higher High and Higher low for the past few month, hence it can be define as an uptrend stock. Previously, price rebound to higher ground after hitting the support.

Currently support level is at 0.34- 0.335
Stoploss can be placed at 0.33
Profit target 0.38

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