3 minutes ago
Sunday, August 29, 2010
Flag formation in Suncity
Attached is the daily chart of suncity. I relooked at the volume. It's not bad . Triangle breakout was confirmed.
Now come the next pattern. Some call this a pattern within a pattern.LOL. Okay, my own PERSONAL charting view is that I have identified a flag pattern. A break up is a very low risk , high reward set up.
The question is that.... Long FKLI or Long Suncity ?? FKLI requires only RM 2.5K. Suncity,I need at least RM10K. Hmmm.... normally futures traders don't like to trade stocks because of this factor. We can control something worth about RM 40-60K by just using RM 2.5K!
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Currently I am reading a book called " How to Sell yourself " by Arch Lustberg . I recommend this book to everyone there is whether you are a computer programmer, whether you are an investor, whether you are a public speaker bla bla bla. Everything we do, we attract attention whether it is positive or negative and indirectly,we are selling ourselves to other people. The author is good in a sense that he is using simple to moderate english ...far easier to understand than " Reminiscenes of a STock Operator " that traders love to read. To be honest, I actually bought the China version of this book which costs me only less than 15 bucks. LOL
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