When the market opened after lunch, I saw LianBeng's chart and salivates. One of the rare stock still trading above the 200MA. Price actions wise suggest there is a hungry Pacman at work. 585, 600 were the levels i was watching... I established my line at 585 to 595. Once 600 clears, it is expected it should fly. However, it is a risk i am taking. I anticipated a pull back and i could have waited for the pullback to strike. Alas, i'm human afterall.
With DJ selling off, Monday could start weak. Eyeballs should be transfixed at Nikkei, how it handles the selling. It is afterall normal to have a small reaction after the big rally. Let us look towards for a higher low. Huat ah!
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.