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| Monday, 18 January 2010 06:24 |
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Trading Entry and Exit Analysis
TINS
Buying opportunity ahead, prepare for entry
![]() A multi week ABC correction seems to be complete when price reversed and rise significantly since two weeks ago. However a short term bullish trend may be end soon. Consider to potential intermediate trend reversal we may set a long trade in next correction moment, unless complex correction appears when price fails to breaks strong resistance at 2.500. January 28th-29th ,2010 may be the best timing for entry as may follow by the end of correction. The potential upside target approximately 15%.
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System ![]() ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd Momentum Weekly oscillator at oversold area while Daily oscillator overbought follows by possible end of upside movement at 78,6% retracement. This indicates short term upside movement is very limited and soon to reverse. Pattern Possible to forms smaller degree of wave 2 or b, which is a downside movement for a corrective section. Price Corrective target is around 50% retracement from December 2nd, 2009 low to January 15th 2010 high. The end of correction target may end around 2.050 – 2.100. Time Corrective section is possible will be started when Monday’s price bar makes lower high and lower low. And it may end in between January 28th – January 29th. Trading Advises BUY following bullish reversal on Daily oscillator when price entering objective correction target, 2.050 – 2.100 in between January 28th – January 29th, which one is faster (The reversal and time target).
Analyst Certification:
The views expressed in this research report accurately reflect the analyst’s personal views about any and all of the subject securities or issuers; and no part of the research analyst’s compensation was, is, or, will be, directly, indirectlyrelated to the specific recommendations or views expressed in the report.
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| Last Updated on Monday, 18 January 2010 07:06 |