Above is the daily chart of Russell 2000 (RUT) from last Friday, 10th June 2011. RUT is in downtrend and is testing its support, which is 765-775. With this we can anticipate what could happen next week and adjust our trading strategy regarding it. Overall I see the regional stock market are in downtrend in […] ↓ Read the rest of this entry…
Today I will review one of the Indonesian stock market ticker, BHIT (PT Bhakti Investama Tbk), which is an Indonesia-based investment banking company. The Company is engaged in content and advertising-based media, subscribers-based media, transportation, multifinance, telecommunication infrastructure and information technology, fund management, underwriting and brokerage and investment. What about the price target for BHIT […] ↓ Read the rest of this entry…
Last night DOW shows strength and conformed with massive volume at the end of the trading session. So prepare go long for tonight. Happy trading. Brought to you by Sexy Tweet
Above is the Dow Jones Industrial chart (DJI) using regression channel. The 100 sMA is acting as the support and weekly chart shows however the 50 sMA as the price support. I think it will still going down a bit until the next support 1 and 2 as shows in the chart. Incoming search terms:regression in […] ↓ Read the rest of this entry…
From yesterday chart, I was looking at Alcoa Inc. (AA). Alcoa Inc. is engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its participation in mining, refining, smelting, fabricating, and recycling. I don’t know whether a head and shoulder chart pattern is valid in AA. My trade plan for entry is […] ↓ Read the rest of this entry…
US Market stock was falling down yesterday, continue last week downtrend move. If we look a bit of the channel in DIA, representing Dow Jones Index, it’s really conformed the trend. So waht is our trading plan ? For me, the best is wait at least until tonight as there will be so many important […] ↓ Read the rest of this entry…
Wolfe Wave is a natural rhythm that exists in all markets. You can apply it to forex, stock market. It is made up of waves of supply and demand that form their own equilibrium. The key to its accuracy is in properly identifying the 1, 2, 3, 4 & 5 points. These are what give it […] ↓ Read the rest of this entry…