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Sunday 24 October 2010

BLTA in Analysis

I see an indication of CUP & HANDLE formation from a bearish engulfing pattern which form a reversal pattern for a while.

I see that BLTA is forming the handle. For collection purpose using a BLSH strategy, we can collect at 315-325. But for those who've got a position, I think it's quite OK to exit in this moment & re-enter later.

I projected that another rally will be around middle of November to December.

Rating: Buy ON Weakness, Entry: Wait for confirmation

Best Regards,
Christopher Tahir
Blog: http://ez-stock.blogspot.com
MSN: chris_tahir@hotmail.com
YM: chris_tahir@ymail.com

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