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Sunday, October 9, 2016

CHART OBSERVATION OCT 10 2016 GAMING SECTOR



PSEI  is nearing the support level again. This must hold or were back to 7400. 

Be cautious! Buy now or wait ?

Buy if it's green and when the support holds! 


LR- Leisure and Resorts World 

Bought this stock  when the news came out that some of the online gaming centers of LR was allowed to continue operation(NOT BAD for READING the NEWS!!)  and then sold  at the second RED candle  after the PEAK!! (A SIMPLE RULE TO TAKE PROFIT!!)


5.09 support is still intact and must break above the clouds at 5.61. RSI @ 58 still room for an UPTREND! 

Cut if it breaks the 5.09 support!  

I might re-enter this stock once again! 




WEB 

Web has  tried to break the resistance twice at 11.12 but failed! Lets see if the latest good news will pierce above its resistance! 


Bought Web on Thursday and sold it during that DAY! Bought it again last Friday and still holding it! 





BLOOM

Bought this at the bottom! Must close above 4.70 this week! Next resistance will be 4.90!! Still a long way up!! "PATIENCE is A VIRTUE" !! Adjust your TRAIL stop !! 

A simple way to TAKE profit on the UPTREND is to SELL when you see two RED candles!! Dont Complicate ! Keep it simple!! Two red candles , SELL!! 



PLC 

See those GREEN VOLUME CANDLES??? Somebody is ACCUMULATING!! 

 Must BREAKOUT ABOVE the clouds!! 




MCP 


 Must BREAK ABOVE the clouds!!  Must close above 3.89!  




RWM 

RSI below 40. Keep an eye for reversal signs! Support near 3.21! 







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