The Best Strategy using ELLIOT WAVE for Understanding Price Movement, Money Management and Emotional Control in Stock Market designed for "TRADING FOR A LIVING.
Tuesday, August 3, 2010
BUVA - SIDEWAYS TO DOWNTREND
BUVA 1ST DAY IPO CANDLE LONG INVERTED CLOSE LOW, THIS SHOWS A 100% PROFIT TAKING.
CURRENTLY SIDEWAY WITH SUPPORT 290 & RESIST 315, THIS COULD BE ANOTHER DISTRIBUTION BEFORE NEW DOWNTREND STARTS LATER BY BREAKING DOWN SUPPORT 290.
TARGET DOWN IS UNLIMITED SINCE THIS STOCK HAS NO LONG TERM SUPPORT.