Chart 1: Dgate's daily chart as at August 13, 2009_2.50pm (Source: Quickchart)
Chart 2: Dgate's weekly chart as at August 13, 2009_3.05pm (Source: Quickchart)
Thursday, August 13, 2009
Dgate- a possible trading BUY
I've allowed myself only one trading BUY call a day. In my opinion, the market is very elevated; toppish (or, is it toppy?); and could be due for some serious correction soon. Notwithstanding the aforesaid, Dreamgate Corporation Bhd ('Dgate') has achieved a nice bullish breakout of its triangle at the RM0.20 level. It's presently trading at RM0.225-23. Its next resistance is at RM0.30-31 and thereafter at RM0.35-37. Good luck...
Chart 1: Dgate's daily chart as at August 13, 2009_2.50pm (Source: Quickchart)
Chart 2: Dgate's weekly chart as at August 13, 2009_3.05pm (Source: Quickchart)
Chart 1: Dgate's daily chart as at August 13, 2009_2.50pm (Source: Quickchart)
Chart 2: Dgate's weekly chart as at August 13, 2009_3.05pm (Source: Quickchart)
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6 comments:
i enter at 0.22
We enter 0.125
refer http://stockmarket.tailou.com/viewtopic.php?f=11&t=4073&sid=551f60c9ec7298a4eb8f900f55e25879
Hi guys,
Good luck.
But today's performance wasn't amusing. It formed tweezers top and the stock didn't even manage to go higher than previous close. Can we say its struggling and would go lower?
Hi Alex Lu
Mean that now can buy Dgate rite? but need to wait only rite?
Hi Teh/Unknown111,
The breakout level is at RM0.20. If it doesn't drop below this level, the breakout is still valid. In the current environment, it will be a real test just to stay above the breakout level.
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