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Sunday, February 24, 2008

My trading ideas for 25/Feb/08~29/Feb/08

KLCI: Composite Index dropped 3.1% last week. Not good at all. It didn't break new low though. A technical rebound is very much expected. MACD doesn't look good. If it can consolidate around 1408 level (EMA81), then we can be out of downtrend risk, for another week.

VS: I am obsessed with this counter now. I am tracking it closely for possible trading opportunity.

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Words borrowed from Dr. Alexander Elder:

Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.

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