Talking Stock With The Doc

This Blog has been created for the purpose of sharing my ideas on investing on Bursa Malaysia using Technical Analysis. Stock market investing is a science & TA a scientific tool used by investment professionals. TA also has its sceptics but this is an oportunity for you to follow TA based investing ideas. So welcome to my blog and may you "Live Long And Prosper".

Wednesday, July 12, 2006

Versatile: Consolidation After Breakout



Versatile is consolidating after breaking out from the tight Flag pattern. Volume is still high, but price pullback is not too bad. But price must stay above 0.875 to maintain the breakout. If it does then it will move up again shortly. Its 'sister' share Iris also moved up but volume is low & the breakout from its Flag is not confirmed yet. If Iris moves up strongly, then Versatile will fly.

For now, wait for further confirmation for Versatile & if it stays above 0.875 for another 2 days then it will be a buy with TP of 1.35

posted by Dr. Siva @ 1:24 am

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