Memstar Tech – The alligator chart pattern
When I first looked at the chart, I almost laughed off my chair.
It looked like an alligator submerged in the water waiting for its prey. The resistant $0.019 is the water surface.
I shall name it as the alligator chart pattern. Discovered by Ramus Low on 20/07/2014. Hopefully this chart pattern can be documented in the technical analysis book. I will key in my order with a small position size and shall be the first person to trade this chart pattern.
This extremely penny stock is well supported and there are hidden buying activity in the last 2 month. This alligator may just open its mouth wide (break out) after going without food for 2 months. Watch for it!
The stock market is indeed interesting. Got bull, bear, investor and speculator. Now, there is alligator!
Stop buy or buy @ $0.02
Stop loss – determine yourself
This week had been a great one for me. I caught a big fat fish and received pocket money from breadtalk to buy their premium bread. I also booked my one week holiday to Koh Samui this coming end of September. Really looking forward to it.
Below are 4 potential stock from last week that have not triggered their buy order yet.
1) Otto Marine
Posted on 17/7/14. Stop buy order not trigger yet. Potential stock for trading.