24 December 2007

24-12-07 : BSC is bearish

indicators :

Daily chart
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(1) Box - bearish
(2) Channel - bearish
(3) MA20,50,200 - bearish
(4) MACD - bearish
(5) OBV - bearish
(6) Bollinger - Bullish (tails are below Bollinger band)

15min chart
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(1) channel - bearish (down channel)
(2) MACD - bearish (below 0)

Will short BSC when drop below 89. But since Bollinger shows price tails outside band, may rebound. short with caution.

daily
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15min
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24-12-07 : BIDU long anyone? For the dare devil only !!

If u consider trading GOOG crazy, then BIDU is insane.

Even with the most conservative strategy, cut loss point is $12 away. The price just move too fast.

BIDU currently looks good for a long, based on good box, channel and MA20,50 support.
It may break $400 soon, and will reach $450 in no time.

But need to wait for some retracement to 370-5 area.

Below are the charts to support a long position.

daily with channel & box
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daily with MA20,50
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15min with MACD
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24-12-07 : The aggressive strategy for GOOG

GOOG move fast. Its not for the faint hearted. We will attempt to capture profit in this fast moving stock this time.

The indicators are as below :

Daily chart
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(1) Candles - neutral (a spinning top after 2 white)
(2) Box - bullish (650-750 box, now is 700, at mid point, but uptrend)
(3) Channel - bullish
(4) OBV - bullish (uptrend)
(5) MACD - neutral
(6) Bollinger - Bullish

15min chart
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Channel - bearish
MACD - bearish

15min chart indicates that current price 695 is not a good price to long.
We need to wait for retracement.

strategy
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At 12am tonite :
Long at 682 if retrace to 680 level.
Long at 702 if break 700 up.

daily with channel
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15min
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24-12-07 : MA is bullish

MA indicators are as below :

Daily chart
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(1) Box = Bullish (200 box btm support)
(2) Channel = bullish (ERF#1 at channel btm)
(3) MA20,50,200 = Bullish (MA20 as support)
(4) Bollinger = Bullish (mid point as support, uptrend)
(5) OBV = Bullish (uptrend)
(6) MACD = Neutral (2 line is uptrend, Hist is bearish)
(7) Candles = Bullish (Cup with a handle)

15min chart
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(7) Cdl = bullish (ascending triangle)
(8) MACD = bullish (above 0)

Strategy
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Plan A - Enter at 208. Cut at 206. Profit at 224. R:R = 1:8
If tonite at 12am, the price retrace to 208, use Plan A.

Plan B - Enter at 213. Cut at 209. Profit at 223. R:R = 1:2.5
If tonite at 12am, the price already break 213, use Plan B.

30min chart
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