30th Dec 2010 – Pattern Study on SEED

Ticker:

 

1. SEED

 

Topic:

 

1. Don't know what to call this, but it is something common that you can read from text book.      ;-)

 

Lesson Learnt:

 

1. If you miss to buy at the point it shot up, be PATIENCE. Opportunity will come again.
2. One should watch closely at the upper and lower line of the range bound area to ensure that the stock is healthy.
3. Multiple rebounds at the support line and also at the 200MA line have proven that the stock is healthy to get in.
4. One can also get in only when it poke through the upper line of the range bound area.
5. Uptrend MACD and RSI should give you more confidence on the entry.

 

Intraday Chart

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Historical Chart