Tuesday, September 25, 2007

Bursa Malaysia Counter Range Update 9.44AM

RCECAP 0.865-0.895-0.925

Posted by CsLee at 9:44 AM

1 comment:

CsLee said...

ok,
Lets look at RCECAP 0.865-0.895-0.925.

* Might be inconsistency, variation of 0.01/0.005.

Buy somwhere near 0.865. (e.g 0.865/0.87. Then see whether it can hold at 0.895 or not,if cant, 0.885/0.89 sell.

Your question, if buy at 0.895, then 0.895 is support level. If you play safe, cut loss should be 0.885/0.88. If you are high risk taker, your cut loss will be another support level, if below 0.865.(0.855/0.85)

In fact this wide range counter is not that good to trade unless you have confidence it can pass through all the resistance.

If you still interested in this kind of counter, then must buy in bulk quantity because up 2,3 cent already got profit. :) So this kind of counter not suite for small investor if they don have confidence this counter will shoot. :)

September 25, 2007 at 2:28 PM

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