Tuesday, January 31, 2012

31st Jan 2012 – Pattern Study - A new star is BORN !

Ticker:

 

  1. BORN

 

Topic:

 

  1. A new star is BORN!

 

Lesson Learnt:

 

  1. Intraday indicated strong buying power continues.
  2. Daily chart shows that it had made the multiple bottom for about 4 months. Good sign. Price started to bounced from the down trend line starting 1st Jan 2012 and continue to stay above the 20MA line.
  3. Good entry at $4.00
  4. All secondary indicators shouting for BUY!
  5. Long term monthly chart shows all the points very clearly.

 

Intraday Chart

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Historical Chart

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