Thursday, 11 November 2010

Quick Bite - YTLPOWER

Yes, I have been quiet for more than a month. That's what happens when you stop skimming charts nightly for trades. LOL. I actually passed up LIONIND and SCABLE which have been on my trade list since early Sept after bottom was found, screaming BUY ME! BUY ME! I have no regrets. None. Was already winding up my trades and rebalancing the portfolio back then.

YTLPOWER did a sprint, caught me by surprised. Went home and took a good look at the 15min, 30min and 1 hr tick charts; and the EOD and weekly charts. Scan the web a little bit for possible rumours or announcements. None. I think the 15min and 30min charts are more telling... manage to scalped 6sen nett the next day. My hypothetical average entry is now 2.24, down from 2.30. I don't think YTLPOWER is done yet. Watch the chart. Now at FB38% fast frame.

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