Wednesday, February 18, 2009

Bullish stuffs 18/2/09


Hiaptek is another one of those breakout artistes that I particularly fond off. It is closing above the Bollinger Band top after the band has squeezed for awhile. The current closing also manages to close above a recent high (marked by a horizontal line). With the MACD going nearer its zero signal line, I think this one should go far. Stop should be placed below the Bollinger Band bottom minus 2 ticks or its recent lowest low.

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