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.

Sunday, November 19, 2006

Brilliant

Note Sept 2005 gap is closed (37.5 to 39.5 cents) Someone said in forum, gaps are like magnet and will be attracted to it to close. I think now the challange if for Brilliant to close at 39.5 cents and above.

Last Fridays trade summary shows that there are a lot of Stale Bulls at 38.5 cents. 38 to 45 cents has the lowest volume(trades done, see bar on left of charts), That should be a diffcult region to break thru as there could be a lot of stale bulls awiting to ambush the new bulls.

The lines which you see are resistance/support lines. Those are the areas which i think could pose as a challange for Brilliant to break. What If 50 cents is breach? The next challange followed by 53 cents and after that? I dunno man....the sky is the limit!!! Huat Arh!!! BRILLIANT CHEONG ARH!!

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