Tuesday, August 17, 2010

Polaris... A 5 Percenter Move From Here???


The chart below of Polaris, both the Hourly (left) and the Daily (right), we have a small divergence cum support cum OS bounce;

  1. Small positive divergence on the daily as well as looking to test support at 200 periods MA at 168 odd levels.

  2. The hourly also has a small divergence with OS levels.





A small Buy above 172 with a stop at 168 can target for 180!!!
I'm reading: Polaris... A 5 Percenter Move From Here???Tweet this! Posted by Trade Less Trade Smart at 5:15:00 PM

2 comments:

  1. alphabet1August 18, 2010 at 7:59 AM

    Hi Manoj,

    For one I feel I read Polaris differently. There is a much possibility to slide down further to 166-158.

    All said and done, usually you are right.

    ReplyDelete
  2. Tryin2TradeAugust 18, 2010 at 12:44 PM

    Alphabet1 Hi

    With polaris I am just looking at a small OS bounce...lil div..thats all..

    A kinda shoot and scoot type of trade...aided by the overall market..

    As for right or wrong...I guess we all are allowed our guesses and the market decides who will be rewarded for the day!!!

    Cheers!!!!

    ReplyDelete

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