It was suggested that the wave 3 is the longest wave. If I recall it correctly, wave 3 is like x2-x3 of wave 1.
Please take note that I do not practice Elliot wave theory, thus this is just one crazy idea that I have.
Showing posts with label URC. Show all posts
Showing posts with label URC. Show all posts
Friday, May 27, 2011
Universal Robina Corp (URC)
One crazy idea:
It was suggested that the wave 3 is the longest wave. If I recall it correctly, wave 3 is like x2-x3 of wave 1.
Please take note that I do not practice Elliot wave theory, thus this is just one crazy idea that I have.
It was suggested that the wave 3 is the longest wave. If I recall it correctly, wave 3 is like x2-x3 of wave 1.
Please take note that I do not practice Elliot wave theory, thus this is just one crazy idea that I have.
Tuesday, February 8, 2011
Reversal Candidates
JGS gave a trending buy signal for today.
MPI about to give a trending buy signal. Signal is confirmed only on actual crossover.
*Did not put up a position in JGS. Waiting for a higher trough to form before getting in.
*Will not put up a position in MPI. Potential short/long term upside is the lowest among the selection.
Not a recommendation to buy.
Wednesday, January 5, 2011
Universal Robina Corporation (URC)
URC 3-YR Daily Chart
URC seems like nearing/at the bottom already as there has been a bullish MACD divergence on the daily charts.
If the bands constrict at 34 levels, a breakout from that level would suggest the reversal of the intermediate trend.
Watch it, no need to rush to get in as it might still slide further.
URC seems like nearing/at the bottom already as there has been a bullish MACD divergence on the daily charts.
If the bands constrict at 34 levels, a breakout from that level would suggest the reversal of the intermediate trend.
Watch it, no need to rush to get in as it might still slide further.