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Monday, July 16, 2007

China Paper formation of Falling Wedge (Not a Call Buy!!!)

This is not a call buy. I received this news from my friend asking me to buy this counter. So I done a TA for this. It's a falling wedge but need more confirmation. Stochastic is at overbought region, RSI is coming to the overbought region. Should monitor it for a while more

Also to add on, my friend did a FA for this counter and he said it isn't good. personally I have yet to do a FA for this. Will be doing a FA n TA tonight for BakeryTech after chartnexus get all the data up for today.

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Any request of counters you can post in the chatbox, I will do an analyse for u when I see the msg