As requested by tanahteck. Chances are u have tasted at least one type of crackers from Want Want during the Chinese New Year, as Want Want is a leading manufacturer of snack food and beverages, best renowned for its rice crackers.
Technically, Want Want has very nice chart patterns, by that i dont
mean its easy to make money out of it, what i meant was one could infer the recurring trendlines easily from its past chart formation. Important support lies on 1.22 and 1.31. Now, take this opportunity to go through my posted
chart, and infer from the trendlines and arrows i have put in. Try to come out with what u think is happening. It will be very useful in your learning of TA. Any advances is likely to be capped at 1.40. As such, calculate your risk/reward ratio in relation to its current price, and the price that u are likely to unload, before u decide on trading it.
Technically, Want Want has very nice chart patterns, by that i dont
mean its easy to make money out of it, what i meant was one could infer the recurring trendlines easily from its past chart formation. Important support lies on 1.22 and 1.31. Now, take this opportunity to go through my posted
chart, and infer from the trendlines and arrows i have put in. Try to come out with what u think is happening. It will be very useful in your learning of TA. Any advances is likely to be capped at 1.40. As such, calculate your risk/reward ratio in relation to its current price, and the price that u are likely to unload, before u decide on trading it. 
1 comment:
Want Want big picture - 5 waves down, be careful!
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