Wednesday, October 26, 2011

Case Study : SIBL

Please look at the chart :

(Pls. click on the image to enlarge)

As indicated in the chart :  
==> A : Close price is staying in extreme bullish (upper channel shaded zone) area. We've tried to draw a up trend line. This line will act as our support area or Stop-loss area or we may take Bollinger Band mid line as support area as well as Stop-loss area. 
==> B : Volume is also attracting.

"Your money, Your decision". No need to follow others advise specially in share market.
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Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intention to buy it, (3) I'm suggesting you to buy it. All these are for our learning purpose. by JC
 


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