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).

Thursday, August 28, 2008

JFC 8/28/08

Bought this stock today with the objective of trading the short term uptrend (also viewed as a corrective wave of the intermediate downtrend). The minor uptrend is expected to encounter selling pressure anywhere between the intermediate trendline and the 180day MA, the area which is considered the TP for this risky short term trade.

No comments:

Post a Comment