Wednesday 28 December 2011

Momentum Play - BIMB followup

Based on my trading plan of profit tgt at 2.07~2.09
http://reiccs.blogspot.com/2011/12/momentum-play-bimb.html ),
BIMB has achieved the target yesterday.
So, one should take all profit, if not,at least half profit for those aggressive trader.
For the remaining position, lets see how she able to hang on to the Bollinger Band.
Note, MACD indicator is showing red and Stoc %K is going down from overbought level.
So, if tomorrow close below 2.02 or the candle drop out from the band,
one would also close the remaining position.


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