Disclaimer

Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision. Also the author may or may not have position in the counters that mentioned in this blog.

Monday, 18 August 2014

Insas - 3rd Wave in the making?


Chart : Insas daily chart as of Aug 18 2014 (source: ChartNexus)

Insas has rise from 50 sen to around 1.30 in the span of 1 year and go through 2 Waves and 2 Consolidation phases in the process. The counter has consolidate around 1.20 to 1.30 in its latest consolidation phase. Judging on the trend, it is most likely to breakout its horizontal resistance line at 1.33 very soon. Once it breakout, there is a good chance the stock will stage for another wave. I smell something.....



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