Weekly
· Moving sideway after bottoming a medium term downtrend!
· The bottom was @ 3.37LE on Feb2009 (face value=5LE)
· Recent sell signal (confirmed) to be acted upon if stock moves bellow 5.30LE
· Sideway lower border is 5LE (face value)
· The stock distributed 0.25LE as profit last week.
Daily:
· We sold the stock when moved bellow 6LE with a confirmed sell signal on 6May2010
· We should go short on the stock if went bellow 5.30LE
1 comment:
till now RAYA is holding fine above 5.30LE
The stock dropped bellow to 5.23LE and rebounded FAST till 5.35LE
Let us watch closely for a snappy opportunity.
I remind myself and all, bellow 5.30LE is bad.
Company announced a buy of 500K shares to come. Will they do it?
Are they doing it bellow 5.30LE ?
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