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Thursday, April 30, 2009

IOICorp & KLK

IOICorp Daily Chart

IOICorp: Still within the uptrend line. Can it break the resistance line?


KLK Daily Chart

KLK: Is that a valid break? I think that the last transaction was a low volume transaction. 

Disclosure: I'm long on both IOICorp and KLK CW. Most probably I'll double up if I think that the break out is valid.

2 comments:

dennisctp said...

how about thinking that its a double top has been formed ?

swifz said...

A double top or triangulation?

When trend is strong, forget about RSI/MACD/Stochastic. Use moving average.