KCPO: - Take Profit When It Is In Your favor   - 2/6/2012

The D- went above 30's so I kept my short positions a little longer. But now that the Stochastic has already gone into the oversold area, so I would place a tighter stop at prior day high plus 2 points. Or if you are a bit adventurous, then place your stop at the bottom Bollinger Band of 3109. Please take note the ADX is flat at 15's, that is hardly comfortable for a trend trading, so just take profit when the going is still good and in your favor.






The weekly Stochastic has crossed down while the MACD looks like it is turning around. The middle Bollinger Band seems to be providing a support for the time being.  If price breaks below that level , it would flash a new sell signal. But the ADX is as lousy as that in the daily chart, so unless the D- goes above 30's, I would not get too excited about this market.

With the current short trading week, I think we would most probably has to wait for another week to see some real action.