Thursday 6 October 2011
GLOVE STOCKS
Well, seems like the shooting star is confirmed, see below for the glove index, and an example of supermx, those who have taken profit yesterday closing will gain another few %, but if we were to close position end of today, well if still profit is good ! Well, lets monitor how it pans out, I presume they will retrace to the 20MA, then sideway before deciding whether to continue the downtrend or not. Meaning Supermx has a high probability retracing to 2.6~2.7 (immediate support).
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Glove Stocks
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