trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Tuesday, May 02, 2006

Trading - Jadason

Jadason - Hourly
Jadason - Daily
TA

This counter had a good run up from Mid-Feb 2006. On the day charts, I think sell signal could emerge very soon. On the 1 hour and 30 mins charts, sell signals have already confirmed. I would like to state that sell signal does not mean it is a good time to short as retracement might be short lived for bullish stocks (like Jadason, tech sector is a bullish now) This is a TA view and not a FA view. Barring unforseeen circumstance and news, it will retrace.

2 Comments:

  • At 7/5/06 17:34 , Blogger TopTrader said...

    Retracement, if any, will be very shallow since the overall uptrend is still very bullish and the conslidation formation has just been broken out on the daily chart. PCB is fashionable now. Refer Eucon.

     
  • At 7/5/06 17:34 , Blogger TopTrader said...

    Not vested.

     

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