Tuesday, June 19, 2012

Poh Kong EOD 19/6/12


Poh Kong - As per request :P 

Currently supported @ MA 20days, also the mid of Bollinger Band, with it rebounding from 0.445 level few days back. (Note that on 26 Jan 2012, the price hike started from 0.445 all the way up to 0.62 - Highest for the year 2012 - Feb)

Can it breakout from top BB and head towards 0.49, which coincides with Fibo 50%? A nice level though, however only with a tiny bit of flesh, for an entry now. 

Therefore, for the time being, will just stay side and watch first. Let's see where would be the next level after breaking out and touch 0.49 (if it happens). Will it continue to move up or will it slide back lower? 

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