The saying goes, 'A picture is worth a thousand words'. So, I've decided to post a few stock with interesting chart formation. Could be worth a watch (mind you I didn't say BUY!). All charts are for based on price movement for the past 2 years. Although these stock have been beaten down due to various factors I think the fruit is ripe for picking if you're one of those investors who can wait few years to see a return. Of course you might see a return in a short time if market sees better days.
3 COMMENTS:
Line charts without volume are close to useless. The Japanese Candlestick chart with either the Stochastic or RSI indicator and the Volume indicator will tell you very much more if you know how to read it correctly.
A chart has its own language. It is only useful to those who know how to read it and the patience to wait.
Thanks for the comment ben. What you say is very true. Line charts are good as an overall view of things. But timing of buy & sell is nicely sourced from candlesticks.
aiseh, shld've checked out this blog earlier. haha. i dare not go into commerz, maybank (due to the purchase of BII), air asia (due to fuel price), bjtoto ..... now all naik so much :(
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