
profit taking at 1.87 ?   & double up buying ?
then looking to  2.32 ?
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profit taking from short-sell ... ?
[Trading Central] Sakari Resources: short term rebound towards 2.32
03 May 2012 07:44
Alternative scenario: the downside breakout of 1.86 would call for 1.76 and 1.7.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Limited Rise |
---|---|
Change In Short Term View | Decline to Limited Rise |
Medium Term View (Bullish, Range, Bearish) |
Bearish |
Change In Medium Term View | None |
Our pivot point is at 1.86.
Our preference: short term rebound towards 2.32.
Alternative scenario: the downside breakout of 1.86 would call for 1.76 and 1.7.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at 2.1 and 2.33).
Supports and resistances:
2.38 *
2.32 **
2.25
2.1 last
1.9
1.86 **
1.76 *

Click to view chart in actual size.
Closed yet?
 
Closed
This will rebound tomorrow...
I can short more... hehe 
Nothing happened....tmr continue to move down. DOW will close red tonight again.
wangerism ( Date: 07-May-2012 20:05) Posted:
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now u know why...
 
Sgshares ( Date: 07-May-2012 19:11) Posted:
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why jia lat? 
genting^2 ( Date: 07-May-2012 16:45) Posted:
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4.44pm
Shortists dont' cover now, tomorrow sure jia lat
It seems to be badly affected by other indexes in the world.
 
yes of cos will rebound... every counter will too...but STI seemed to be ready to sink deeper.
genting^2 ( Date: 07-May-2012 10:55) Posted:
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This one very jialat. After xd, making lower lows.....
genting^2 ( Date: 07-May-2012 10:55) Posted:
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Will rebound one, just be patient.
 
yan man...DOW future down by 131 pts
Today it is because of the France election.
 
why false hope?
wangerism ( Date: 07-May-2012 09:40) Posted:
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false hope..
 
downside not over yet
Covering?