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)
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6 comments:

  1. kangmingwThursday, August 13, 2009 4:41:00 PM

    i enter at 0.22

    ReplyDelete
  2. YennThursday, August 13, 2009 10:58:00 PM

    We enter 0.125

    refer http://stockmarket.tailou.com/viewtopic.php?f=11&t=4073&sid=551f60c9ec7298a4eb8f900f55e25879

    ReplyDelete
  3. Alex LuFriday, August 14, 2009 8:02:00 AM

    Hi guys,

    Good luck.

    ReplyDelete
  4. VinothFriday, August 14, 2009 6:52:00 PM

    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?

    ReplyDelete
  5. tehSunday, August 16, 2009 11:17:00 PM

    Hi Alex Lu

    Mean that now can buy Dgate rite? but need to wait only rite?

    ReplyDelete
  6. Alex LuMonday, August 17, 2009 10:06:00 AM

    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.

    ReplyDelete