ENGTEX did not appear in the blog for buy recommendation due to the fact that it has reached the dangerous overbought area for sometime already. However it was a “hot counter” and was heavily traded by many. It is interesting that the stock of a company that has not been performing could have gone up for almost a month. This is clearly a manipulated move by the market makers (smart money). They have successfully attracted the SHEEP to follow the up trend. The last second bar (DOJI) is a strong indication of weakness. It you are in, EXIT now below the mark down begins!
You Should Also Check Out This Post:
- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak...
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
More Active Posts:
- Bursa KL Composite Index Monday 14-July 2008 Outlook (2)
- KLSE Stock Tips: Petronas Dagangan Up Thrust After Profit Announcement (2)
- Bursa CPO - Short..Did you? (2)
- Stock Review: YTL Power Berhad (Code: 6742) (1)
- Bursa KLOFFE - Time to go for short term trade (1)
- Stock Review: Public Bank BHD (Code: 1295) - Accumulation Stage! (1)
- Penny Stock Tips: KUB Malaysia Berhad (1)
- Bursa Stock Tips: Ramunia - Buying Opportunity - STOP LOSS @ RM1.60 (1)
David Kong
No User Responded In This Article
Leave Your Comment Below