Tuesday 14 February 2012

SBCCorp - Momentum Play (Flag !)

As the FBMSCap has started to retrace, I don't intend to long any stocks. Just as I was screening out some of my previous purchased stocks, I bumped upon SBCCorp is forming a Flag (TA terms). Well, if she breakout from 1.04 with volume >0.24mill, then it would be a flag breakout and the project P would be around 1.17. I would put a Stop loss at 0.995. Since the index is weakening, it would be prudent to long a smaller size in case any BIG BEAR damaging the environment around.


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