RLC
Posted by Frank Chiu
Tuesday, October 14, 2008 18:32
Tuesday, October 14, 2008 18:32
Posted in category PSE Stock Picks
No Comments
This stock has created a very clear breakout/resistance line.
MACD has been hovering at the 0 level for a couple of months now.
Take note of setups of this kind as you’ll get very obvious (buy or sell) signals. All this one needs is regular monitoring and enough discipline to pull the trigger once it makes its move.
Buy at: 8.00
Target Price: 10.00
Cut Loss: 7.80
Potential Gain: 25%
Potential Loss: -3%
Reward-to-Risk Ratio: 10
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