16th Feb 2012 – Pattern Study - “A” knee jerk.

Ticker:

 

1. A

 

Topic:

 

1. 5% dropped after earning announcement.

 

Lesson Learnt:

 

1. This is the beauty of the stock market. From the mid of Dec 2011 till now, A stock has rallied 36% and now the earning has just dropped it 5%. There are still a lot of margin to play with.

2. Overall the chart still look healthy. In fact, I am thinking that the opportunity for top up is coming soon around $39.00.
3. I believe this stock is still a HOLD. Should be good for a long term play.

 

Intraday Chart

Historical Chart