DBHD update July 20, 2009

There was sudden downward surge yesterday with a very high volume surge (July 20), and why is that?

Now,it seem wave 4 (alternatively corrective a,b,c,d,e) haven't completed. 0.185 is the last level it should go, beyond that mean my wave calculation messed-up.

Bullish long-term Inverted head and shoulders patterns in weekly chart also depends on this 0.185 level.

I don't watch this counter yesterday, anyway its too late for me to sell. The long tall bearish candle formed today is so sudden reflecting there a strong fundamental event happening.

That long black candle is so bearish I doubt 0.185 will level hold unless the long bearish is just an over-reaction (gap to be filled).

 

 

 

 

 

24/06/09  bought 0.245
current:  0.195 chg  20.4%
highest:  0.285 chg 16.3%
lowest:    0.22  chg -20.4%

 

 

DBHD daily chart:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

DBHD weekly chart:

There was sudden downward surge yesterday with a very high volume surge (July 20), and why is that?

Now,it seem wave 4 (alternatively corrective a,b,c,d,e) haven't completed. 0.185 is the last level it should go, beyond that mean my wave calculation messed-up.

Bullish long-term Inverted head and shoulders patterns in weekly chart also depends on this 0.185 level.

I don't watch this counter yesterday, anyway its too late for me to sell. The long tall bearish candle formed today is so sudden reflecting there a strong fundamental event happening.

That long black candle is so bearish I doubt 0.185 will level hold unless the long bearish is just an over-reaction (gap to be filled).

 

 

 

 

 

24/06/09  bought 0.245
current:  0.195 chg  20.4%
highest:  0.285 chg 16.3%
lowest:    0.22  chg -20.4%

 

 

DBHD daily chart:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

DBHD weekly chart:

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