Today breaking out the triangle. the trend may continue.





Disclaimer: This is my personal opinion only, trade at your own risk

new airline (malindo) + firefly may resume jet operation (i read it somewhere, forgot where already), definitely gonna impact airasia's bottom line in the future as competition become fierce.

the vol on 13th sept is extremely high, with formation of hammer candlestick. the price also almost reaching 52 weeks low. there's a possibility that was a stopping volume. today's down bar with low vol, and the low is 1 sen lower than the low on 13th sept. Probably smart money marked down to catch the stop of those buyers who bought that day hoping for rebound.

the counter pretty much at congestion area already, between 2.70-2.80. probably gonna stay sideways for few days, or maybe sharp rebound. i don't know. haha

This post has been edited by ciahcra: Sep 26 2012, 03:07 PM

alhamdulillah!

i also bought 2.85 yesterday, going to dispose sikit2 now

technical wise, the hint is there already, extremely high vol at support level, with the formation of hammer candlestick. this one suggesting a stopping vol. 2nd time it tried 2.80, broke the last low, but vol low, indicating possible shake out of weak holders (those bought earlier during high vol.) stochastic, RSI shown divergence.

my first TP 3.10. Risk Reward slightly more than my minimum 1:3

all situation met my criteria, hence that's why i dare to go in....

my target is 3.20.....

This post has been edited by ciahcra: Sep 28 2012, 03:20 PM