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
Mail to my Y!Group:
ez-stock-subscribe@yahoogroups.com
No comments:
Post a Comment
Please comment as you wish and share this if you like :)