Saturday, July 31, 2010

Stock Alert: Wingtai - A buy at 1.77

There are 4 reasons to buy WingTai.
1) T5 Theory
On 20/7, there is a huge abnormal volume. It cannot be retailers. It has to be BB. On 29/7 after T5, a white candle appear. After T5 any contra players would have exit. No heavy sell down is seen meaning BB is there to stay.
2) Bullflag
on 29/7, the selldown goes as low to 1.69. On 20/7 the flag pole goes from 1.64 to 1.75. This formation signififies a bullflag or high tight flag formation.
3) Green stock in Red Market on 30/7.
4) Breakout Theory
Breakout 1.76 and 1.80 on 30/7