Below is the chart of Subex, something a friend wanted me to see. He is impressed with fundas and wants to play it for like 6 months to begin with. A brief technical analysis of the weekly chart to your left…a kinda hope for the inverse CnH (just a hope, no confirmations yet)! Price just nearabout the weekly 20/50 periods moving averages, anything between them is a value buy technically.
Looking at the daily chart above to your right we see a triangle threatening to break down and perhaps head for the 200 periods below. If I were to play this purely on fundamentals then I would buy a few here (60/65 range) and add more on declines. For purely a technical trade, one needs to either wait for pattern confirmations (depending on whichever chart weekly or daily you are trading) or buy near the MA’s with a very tight stop and play for +5% gains. Its always prudent too wait for the right entry rather than being trigger happy!!!
3 comments:
Have 200 shares.
Shiree
Good....hold em and hold em good!!!
Cheers!
opps thanks for the chart was waiting for that
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