Monday, November 22, 2010

SMGR - WBB BEAR MELEMAH

SMGR BREAKOUT RESIST LINE AND AT THE SAME TIME WBB SHOWS A WEAKER BEAR. IT'S TIME FOR BULL TO SHOW UP AGAIN.

WE HAVE SET TARGETS ACCORDING TO TIME FRAME:

1ST TARGET 10600 (ESTIMATED PROFIT 7%)
2ND TARGET 11000 (ESTIMATED PROFIT 11%)
3RD TARGET 11500 (ESTIMATED PROFIT 16%)

STOP LOSS CLOSE BELOW 9400 (ESTIMATED LOSS 5%).