Google
 
Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

10/27/2010

Who likes Diamond?

Girls love diamonds, well, my wife is exceptional.She does not wear jeweleries, tat is why she always tells me that she gives me a lot of savings.


Fig 1 Tiong Woon Daily Chart

I have earlier bought this counter at 0.455. It went up as expexted but failed to reach my objective, and unfortunately, it came down all the way to below my buying price. I stopped loss as I find the move to be quite bad.

So now I see diamond in this chart and it has just broken downward. Diamond is reversal signal and this is no good for Tiong Woon. The objective for Diamond on Tiong Woon is 0.40.

Labels:

0 Comments:

Post a Comment

<< Home