Technically, JKSE has surpassed the Elliot wave target with volume, but since the global market hasn't fully stable, we're pessimistic that today it will rally.
Based on the pattern of seasonal pattern of World Cup, there's always a big rebound & big sell offs....
The nearest support is at 2500-2515...
The next target is quite near 2695-2710.
Rating: Sell On Strength; TP: 2695-2710; 2790-2810
Happy Investing^^
Disclaimer ON!!!
Disclaimer are applied to all posts & analysis in this my blog.
Disclaimer: Anything written in the blog is only my opinion. It can be accurate or inaccurate because market is not below my control. It is not a persuasion or any offering. Every decision in every transaction is the responsibility of the investor who must know & bear the risk of investment by themselves. Manage your money well. Thank you.... Happy Investing....^^
Thursday, 27 May 2010
SOS
Sell On Strength will be on today's agenda, as yesterday it rallied with the highest gain, but not supported by regional & US markets, so it's quite wise for us to realize all profit.
Dow failed to retain the level of 10,000, while Crude Oil able to retain the level of $70.8, but since it has rallied to $71.8 & closed at $70.8, this shows the market hasn't really agree with the recovery, or this might just be a trap / bull-trap.
Happy Investing^^ Disclaimer ON!!!
Dow failed to retain the level of 10,000, while Crude Oil able to retain the level of $70.8, but since it has rallied to $71.8 & closed at $70.8, this shows the market hasn't really agree with the recovery, or this might just be a trap / bull-trap.
Happy Investing^^ Disclaimer ON!!!
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