Tuesday, October 12, 2010

BNBR - THE CHEAPEST STOCK IN BAKRIE GROUP

IF BAKRIE GROUP KEEPS ON THEIR RALLY, THERE'S A CHANCE FOR BNBR TO FOLLOW. TO CONFIRM UP BNBR MUST CLOSE ABOVE 57.

TODAY THE PRICE MANAGES TO REACH 58 BUT FAILED TO CLOSE HIGH. IF TOMORROW STILL FAILS TO CLOSE ABOVE 57, THEN IT MAY GO DOWN TO TEST SUPPORT AREA 52-54 AGAIN.

IF BREAKOUT & CLOSE ABOVE 57:
1ST TARGET 68 (ESTIMATED PROFIT 20%)
2ND TARGET 73 (ESTIMATED PROFIT 30%)

STOP LOSS CLOSE BELOW 52 (ESTIMATED LOSS 8%)
IT' TOO DANGEROUS IF BNBR BACK TO 50 AGAIN, CASH WILL BE STUCK THERE FOR QUITE A LONG TIME.