Monday, September 11, 2006

ABN - a safe 5% gain?

Hi again,

well, my first Trading Ideas have past their first trading day. Summing it up, I have to admitt that they were not the big movers in the end. LTS gained nearly 2% - that is ok, I guess. PANL however lost 0.3%. Oh well. Let´s see where they are heading today.

For today I would like to point out ABN. Just look at that nice chart - it´s a great WaveChart:


So, for those of you that can wait a couple of days, it should be a safe 5% gain. Usually it wins around 5% a week. How did I find that stock? Simply by using the RSI(2), which crossed below the value of 5. This is a very strong indicator for a possible PopUp. My Limit for buying would be 27.50$.

Good luck to all of you, see you soon,

The Stockinvestigator

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