Barakah - Technical Analysis
Author: Ooi Teik Bee | Publish date: Sat, 21 Dec 01:41
Dear valued members,
Disclaimer :
This article is solely for educational purpose only, it is not a recommendation to buy. Please buy at your own risk.
Barakah | |||||||||
My trading plan | |||||||||
I like the technical chart of this stock because it is the up trend stock. | |||||||||
Major resistance is 1.69 | |||||||||
Major support is 1.45 and 1.23. | |||||||||
Target price = 2.88. | |||||||||
Margin of safety = 49% | |||||||||
Potential profit gain = 96% | |||||||||
Cut loss at 1.20 = 18% | |||||||||
Risk reward ratio at 1.20 cut loss = 1 : 5.2. | |||||||||
Feng Shui element = Water | |||||||||
Buy Barakah at 1.47 (20/12/2013). | |||||||||
Thank you. | |||||||||
Ooi Teik Bee |
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