Saturday, May 3, 2008

Watch alert: Ferrochina

Will you trade Ferrochina?

I have included a daily chart, a 3-day chart (to be used as Long-term chart) and a ADX/volume chart. Will you long, short or stand aside and what are the reasons?

Hindsight is always 20/20 and you could be either right or wrong. What matters are the reasons and analysis behind it.


Createwealth8888 said...

Why not? I am still holding it @1.59 bought on 21 Feb 08 as I am trading on possible breakout on potential M&A news

Look at higher weekly average volume last week. More buying interests.

dream said...

Hello senior bro,

Thanks for dropping by. This is one of the 3 stocks that I am planning on going in on Monday.

I like the volume action too though the ADX is weak to neutral.

Createwealth8888 said...

Hi Bro,

Good action on FRC. Got buy or not?

dream said...

Yes, bro. I loaded up big time on Monday. I really like the volume action.