HI FRNS U KNOW WHAT THIS BLOG WILL CONTAIN however still have to do this any loss arising out of positons or trades taken based on the information,inference, data, will not be the responsibility of the blog owner. please use the blog posts for educational purpose.
Wednesday, October 28, 2009
HCC
HCC
The stock took support exactly at 50 DMA and at a bullish candle pointed out in the circle also it closed above the 38.2 % retracement area of the 2008 year high and recent march lows.
However the metastock system has given a sell signal
So the the best thing to do for existing longs is to place a SL of a close below 118 below which the stock can test 110-108 area. The next set of resistance is at 137 and 143 above which the stock will be bullish again.
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