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Saturday, February 23, 2008

Technical Analysis on V.S Industry Berhad (2)


A hammer was formed on Feb.22.2008. Will this mark as a reversal? I am still doubtful, due to lack of market participation (volume is just about normal level). Nonetheless, give it a benefit of doubts, this will be a double bottom if indeed it moves upward on Feb.26.2008.

1 comment:

Tommy said...

Abort the ship! Abort the ship! Its chart has turned from potential to impotent. With an unusual transaction that took place yesterday (26/Feb), it is not the right time to trade this counter yet. Sorry for wasting your time and my time.

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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