Wednesday, September 8, 2010

GMA Holdings (GMAP)

Initial trading plan
Entry: 6.65 - 7
1% Bounce from entry: 6.71 - 7.07
Break-even: 7.20
Psychological resistance: 7.70 - 8.10
Major resistance: 8.60
Cut loss: 6.40 - 6.76

New trading plan
Entry: 7.30 - 7.08 - 6.93 - 6.76
Target: 8.11 - 8.43
Cut loss: 6.56



Formed a tweezer bottom suggesting an immediate support at 7.30 in the short term.
Gap up support at 6.65, pointing at 8.30 as target.

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