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Monday, 18 January 2010 06:24
Trading Entry and Exit Analysis
TINS
Buying opportunity ahead, prepare for entry
Comment
A
multi week ABC correction seems to be complete when price reversed and
rise significantly since two weeks ago. However a short term bullish
trend may be end soon. Consider to potential intermediate trend
reversal we may set a long trade in next correction moment, unless
complex correction appears when price fails to breaks strong resistance
at 2.500. January 28th-29th ,2010 may be the best timing for entry as
may follow by the end of correction. The potential upside target
approximately 15%.
(Click the picture to open the original size)
System
ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd
Momentum
Weekly
oscillator at oversold area while Daily oscillator overbought follows
by possible end of upside movement at 78,6% retracement. This indicates
short term upside movement is very limited and soon to reverse.
Pattern
Possible to forms smaller degree of wave 2 or b, which is a downside movement
for a corrective section.
Price
Corrective
target is around 50% retracement from December 2nd, 2009 low to January
15th 2010 high. The end of correction target may end around 2.050 –
2.100.
Time
Corrective
section is possible will be started when Monday’s price bar makes lower
high and lower low. And it may end in between January 28th – January
29th.
Trading Advises
BUY
following bullish reversal on Daily oscillator when price entering
objective correction target, 2.050 – 2.100 in between January 28th –
January 29th, which one is faster (The reversal and time target).
Entry at 2.050 – 2.100
Short Term Take profit target 2.500
Intermediate Term Take profit target 2.700-2.800
Stop loss 6% from entry point (Will be updated later).
Analyst Certification:
The
views expressed in this research report accurately reflect the
analyst’s personal views about any and all of the subject securities or
issuers; and no part of the research analyst’s compensation was, is,
or, will be, directly, indirectlyrelated to the specific
recommendations or views expressed in the report.
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