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Wednesday 11 November 2009

ANTM uptrending??

Believe it or not, today's gold price is keep creating a new high of all the time even today's there's a little bit of correction in the morning's early trade. This will affect some stocks especially minings. The stock that might be affected is ANTM which is a gold-miner.

This stock can be kept for a longer time for investment, as it's quite stable yet the operations are profitable with some good corporate actions like acquisitions & expansions. The price of gold also affect the income of this firm.


From the technical analysis view, that the stock seems to move upward as some indicator shows like MACD is moving to cross the golden cross, stochastic is still bending down to oversold, candle is showing long legged doji.

Wait for a few days, accumulate & keep after it reverse & let your profit doubled.

Happy Trading....^^
Disclaimer ON!!!

A little bit on stock analysis

Doji star is created when the closing & opening prices are at the same or very close.

Usually doji star creates a reversal signal & usually it's quite accurate, can be said as 80% of accuracy.
But, sometimes doji star can give you a false signal, mostly gives you good signal.

There's 3 types of doji:
-Long legged doji
 Traded very low goes to high & ends at the open at which the leg is longer than its head, the longer the leg the more accurate the signal
-Dragonfly doji
 Traded Low & close at the open price which is today's high
-Graveyard doji
 Traded high & close at today's low & open. It's called as graveyard as the day's hero has died / beaten because of the dropped price

You can see the graph below.


TLKM

A little bit analysis on TLKM, today it's traded high but ended low, which created a "Graveyard Doji", one of the reversal signal.
Whereas yesterday was a doji also, and we must see tomorrow whether the doji is sideways or it closes lower with doji.

If it closes & traded lower with doji, then it's 100% bearish reversal, but if the doji star is above today's graveyard doji, then it's a bullish signal, which means TLKM is ongoing to 10k.

Happy Trading...^^
Disclaimer ON!!!

See the chart below!