Nam Cheong Weekly W53 Dec 2016
This trade is not for contra, need to hold as we have not seen a breakout for this counter unlike other oil counters. Some might argue that this is a poor choice since it is weak if other counters have moved but this one is slow like a tortoise. Personal choice as i always see this appearing in top volume but the play has not occurred.
We can see the low is getting higher... when it comes into play , i expect to see more obvious HHHL being formed.
EP 63 & 64, SL 55
It seems that the counter has bottomed and might be in the process of turning up. Selling seems to have dried...
No comments:
Post a Comment