UEMLAND - buy 01/07/2009

Adding position to UEMLAND. I perceived current intra-day price at 1.45 as the minor support level.

# Bought today at 1.47 (done), queuing more at 1.45.

# 1.51 bought on 24 the June Original outlook at UEMLAND

update 02/07/09 average buy on 01/07/09 and 02/07/09: 1.452

Adding position to UEMLAND. I perceived current intra-day price at 1.45 as the minor support level.

# Bought today at 1.47 (done), queuing more at 1.45.

# 1.51 bought on 24 the June Original outlook at UEMLAND

update 02/07/09 average buy on 01/07/09 and 02/07/09: 1.452

2 comments:

Chee-Siong said...

You don't think that it is going into wave a,b,c stage and reach RM1.3 of Fibonacci Retracement 50%?

Aree said...

Yes,you are right. Wave c at least need to go to 1.30

High probality level which wave C (assume we are right that it is wave C):
Min: 1.30
Typical : 1.20 (bottom wave 4)
Max: 0.97

(there further down max it can go still within wave rules but i think is less probable)

Let just say UEMLAND is at it rebound zone now (1.30 to 1.20).

My first buy on 26 Jun 09 is more based on classic reversal. Can already get out with profit within few days but i am looking bigger profit within few weeks). Thus, I got no problem to stand until 0.98,then only i get worry.