Saturday, May 3, 2008

Mindray (MR)

MR Weekly Chart

Bought MR call today. At buying time, it seems that MR has broken out of rectangular consolidation area. The closing chart is shown above, it closes slightly below the top of the rectangular that I have drawn. Resistance at around 39.00. Let's see what will it do next week.

3 comments:

Unknown said...

informative

Mike Forex Cable said...

Dear Swifz,
Can I trade the US Option mkt with a capital of RM10K? I am 49, ex-remisier. I am now trying to trade in Bursa hoping to make RM100 a day. So far I manage to make only RM30 per day. U can reply me to my email: workuk1@yahoo.com.
Thanks

swifz said...

I didn't know stocks can give u consistent income. My experience is that they come and go base on sentiments.

Anyway, I only started with USD2k with the options. That gives me about 18 consecutive wrongs before I go bust :p

Like I say, I'm trading to get the feeling/experience before I commit more. There are more than 6000 counters with 1-4 characters code, it's really difficult to recognize them.