This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Sunday, February 3, 2008

SETUPS FOR THE WEEK

Two promising setups for this coming week are BC and DGTL which continue to trend against the market sentiment. In general, trades in this downtrending environment are considered high risk demanding stiff discipline in sticking to the trading plan, keen awareness of price action and momentum, swift execution of the buy and sell triggers, and the willingness to hazard a loss in exchange for the opportunity of quick trading profits. Be sure to keep this in mind if you decide to participate.





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