VK TECHNALYSIS SERVICES (VK 技术分析服务): Petra formed a Bullish Divergence Signal

Thursday, December 24, 2009

Petra formed a Bullish Divergence Signal

Petra after broke down from the support level 2.48, the price never look back until today a bullish confirmation after its price up 10%. The chart and the MACD form a bullish divergence signal, which is a very reliable bullish reversal signal. Unless some bad news happens on this stock or the whole market next week otherwise the up trend should continue for another 1 or 2 days. The STC just passes 30%, this means the up trend still an early bird. The price had broke out the BBMB, good sign for the trend to continue. The BB still contracted 10%, this means that the stock price has not totally get out from the consolidation yet. The resistance is 1.41, 1.53 & 1.63 and the support is 1.27 and 1.20. If you had acquired this stock today or next Mon, you need to protect you capital by setting a cut loss point. Please refer to the chart for self-explanation.

Take Note: I will be going outstation for a few days next week. My master JK will continue to provide you the best technical commentary. Merry Christmas and Happy New Year 2010

Stock Market Language 股市语言

In the stock market everyone hope to "Buy Low Sell High". In practical, it is very difficult to achieve. There are 5% of the investors are able to achieve that however they are not buying at the lowest or selling at the highest. In other word they buy at the RIGHT timing and sell at the RIGHT timing.
每个人都希望在股市“低买高卖”。但实际上是非常困难的。只有5％的投资者能够实现，但是他们不是在最低买进或在最高卖出。换句话说，他们是在适当的时机买进和卖出。

Human nature is full of Greed and Fear. The emotion of human was reflected on the movement of the stocks' prices.
股票的价格变动中反映出人性的贪婪和恐惧。

What should we do while waiting for the market to correct?

No stock to buy very boring right? While you are waiting for the market to correct, you can actually sharpen yourself and get more funds ready for the next run.

1. You can subscript Winchart to sharpen your skill. VK Technalysis Services provides training twice a month in North Malaysia. Other regions please refer to http://www.straitsindex.com/.

2. EPF contributors have an option to withdraw EPF funds to invest on stocks from account No. 1 to standby and get ready for the next run.

For details, please contact VK Technalysis Services
Penang: 012-4168868 (Vincent Liew)
Kedah and Perlis: 012-4259118 (JK)
B'worth, Kulim and BM : 012-4212533 (Wong)

Important Disclaimer

This is merely an information and knowledge for sharing purpose. Any statements, opinions, comments, views, or trading suggestions made within this Blog should not or cannot be construed as advice or a solicitation to buy or to sell actions in any means of capital investments referred to. The company VK Technalysis Services, the owners of this Blog, and the authors of this Blog are not licensed investment advisors. All the readers of this Blog should seek or consult the expertise of a Licensed Financial Advisor, or stocks or futures broker before making any of their investment decisions. All sort of trading or investment in any financial instruments involve the risk of loss. We shall not be liable for any losses suffered by the readers from following our statements, opinions, comments, views, technical analysis, or suggestions made within this Blog. And you as a reader agree that our company and any authors mentioned within this Blog are not liable for any losses incurred upon your own due diligence in investment or business decisions that is directly or indirectly related to the information, knowledge education, services, and products from this Blog.