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Thursday, December 23, 2010

Daiboci at turning point

Daibochi chart as at 23rd December 2010.
Currently the price is 2.55
Daibochi is at a turning point. which may presents an opportunity for traders who wish to trade short term
It has broke through the S1S2 support line and is on downtrend following D1D2.
It is about to touch D1D2 and traders can buy now to ride the correction for it to reach the upper parallel line of  D1D2.
If you are lucky to buy at this price you can look forward to sell higher for a profit.
Ultimately it should move up to slightly above RM3 level.

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