Diary Post - IEV 12/6/2012
Not been very active in scanning most of the stocks, but today, IEV did rose up.
Blogged about IEV with other counter on this post : http://www.finanovice.blogspot.sg/2012/11/diary-on-25112012.html
Below is the chart and my short and brief analyse on IEV.
As I have been following IEV since my post, the trade really favours a nice risk to reward trade set-up.
As simplified from " Ms Neo, she was saying that to pick stocks that are at the bottom, we have to take note of the resistances and if the r:r setup is good enough? Do visit her facebook page if you haven't. I never subscribe her program but I like what she has been providing for the community.
I Couldn't agree with her more.
Below shows the updated chart.
50, 52.5 and 55 cents will be the resistances.
Future : As today bar shows very high activities, beware of distribution and do not get sucked into the trading. If there a potential to go long, look out for test bars in the future.
Update 7/12/2012 : Test bar was seen on 6th December, and it was a sucessful one!
Blogged about IEV with other counter on this post : http://www.finanovice.blogspot.sg/2012/11/diary-on-25112012.html
Below is the chart and my short and brief analyse on IEV.
As simplified from " Ms Neo, she was saying that to pick stocks that are at the bottom, we have to take note of the resistances and if the r:r setup is good enough? Do visit her facebook page if you haven't. I never subscribe her program but I like what she has been providing for the community.
I Couldn't agree with her more.
Below shows the updated chart.
50, 52.5 and 55 cents will be the resistances.
Future : As today bar shows very high activities, beware of distribution and do not get sucked into the trading. If there a potential to go long, look out for test bars in the future.
Update 7/12/2012 : Test bar was seen on 6th December, and it was a sucessful one!
Comments
Post a Comment