Wednesday, October 15, 2008

Testing for Bottoms..

Here is a test chart for tk..



Do you think this is a bottom?



Well.. this was what happened next!!!



and incrediblely... the stock shot up!



And finally...

2 comments:

  1. The next chart could show possibility of a bottom. Because there's bullish divergence on the volume and the indicator (MACD?).
    The risk to buy now is much lower than the previous one.

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  2. Dear Elentar,

    I am actually terrible with bottoms.

    The whole purpose of the posting was to show tk that sometimes a much followed 'fundamental' stock with appeared to have a flat bottom, could still collapse!

    rgds

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