Thursday, November 24, 2011

Rumor of the death of 2nd & 3rd liners was exaggerated?

The overall market has not been kind to investors over the past few days. One would expect the sharp rally in the 2nd & 3rd liners to have totally bombed out but that's not the case. Surprising, FBMFLG is still above its short-term uptrend while FBMACE, which broke the short-term uptrend line earlier, has managed to recover above that line today. FBMSCAP- the best of the whole lot- is actually the weakest one. It broke its short-term uptrend line, with no recovery in sight yet.

If FBMFLG & FBMACE can surpass their immediate downtrend line (in red), they may continue their prior short-term uptrend. These 2nd & 3rd liners could well be the only game in town!


Chart 1: FBMFLG's 75-min chart as at Nov 24, 11_9.10am (Source: Quickcharts)



Chart 2: FBMACE's 75-min chart as at Nov 24, 11_9.10am (Source: Quickcharts)



Chart 3: FBMSCAP's 75-min chart as at Nov 24, 11_9.10am (Source: Quickcharts)

2 comments:

Vast said...

where did you get the real-time chart? any link?

Alex Lu said...

Hi Vast,

I got mine from Quickcharts. I believe some stockbrokers offer some basic intraday charts to their clients. Check woth your remisier.