Straits Times Index
Hang Seng Index
Nikkei 225 Index
 
Click here to login to the chat room during market hours.
 
 
Showing posts with label descending broadening wedge. Show all posts
Showing posts with label descending broadening wedge. Show all posts

Sunday, August 2, 2009

Tuesday, July 21, 2009

KepCorp 21/07/2009

Kepcorp has formed a long and steep descending broadening wedge. Today the price touched the upper trend line. Ideally we would like to see a pullback creating a partial decline before breaking the upper trend line. The long term buy triggers on break of the upper trend line. Though we would like to see a big move with high volume for confirmation of breakout before entering. Good returns for long term.



Zooming in we see creation of a symmetrical triangle and the price have broken out of it.