Trading Ideas. MBSB

Previous posts on MBSB - failure on the pennant breakout. Since then MBSB has been on the decline. Me thinks MBSB is worth a look now in view of the decline and the current price formation. Anticipating U-turn up.

Proposed entry - 1.26 - 1.30
Stop - S3 - 1.240
S1 - 1.26
S2 - 1.22
S3 - 1.20
R1 - 1.30 (*)
R2 - 1.35
R3 - 1.39
On daily charts : Rising MACD, rising stochs

Trading Ideas. MBSB

Pennant formation still intact me thinks. Anticipating breakout.

However, exit trade at 1.53 due to T4. :)

Trading Ideas. MBSB

Trade based on pennant formation.

Entry : 1.550 (19/10/2007)

Stop : 1.45

Alas....Bloody Friday had to happen to DJIA. The after effect is general diahoerra on KLCI & Asean financial markets on Monday (22/10/2007).

Is the pennant pattern still intact?