Showing posts with label Moving Average. Show all posts
Showing posts with label Moving Average. Show all posts

Friday, October 3, 2014

KLSE 2014 Oct7-Oct10 w41 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
MCLEAN    0.24      2.26               0.200       Bounce off 20 day Moving Average, challenging new high
DNEX         0.335    0.365             0.310       Bounce off 50 day Moving Average
Most of the counters suffered downtrend for more than 1 month now, so  I decided its time to spot for stocks that will technically bounce of Moving Average and with modest returns. Caution is required trading in next week's market as it is still in consolidation mode