Tuesday, 1 May 2012
A Momentum Play for May ? TSH would be a good bet
A purely TA play. Weak overall market sentiment but this stock is a strong uptrending stock. As one of my trading comrades name it, TSH is having a perfect chart.
Candle : Inverted hammer sighted
Stochastic : At oversold (would be safer to entry)
Support : Buy at 20MA support (buy low sell high ?)
Entry would be around 2.44. (maybe can get around 2.42 or maybe 2.44 would be the lowest)
Stop Loss = 2.26
Profit = 2.67 (1st target) 2.81 ( 2nd target).
Target time = 2 ~ 4 week max
Lets see hows she react from this.
Just a side note :
My nuffnang advertisement earnings is very low, hope to get more support ;) from all my readers here.
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TSH
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Hi
ReplyDeletelong time to see ... someone posted your TSH analysis in my trading page. Yeah ... I have sold her at 2.60 recently and at the current price, we might have a good reward-risk ratio here. At the moment, the momentum at BIMB and MBSB. So, I am riding on both.
Have a good trade, bro.
TEH
Hi CP,
ReplyDeleteNice to see you drop a line or two here, yeah, a good RR indeed but today , your BIMB & MBSB are really flying. Good for you.