Powertrades: Identifying Trading Opportunities

On October 28, the Kuala Lumpur Composite Index fell to a low of 801 points, a level not seen since May 2004. However, the market rebounded on the same day and closed at 832 points. The rebound created some opportunity if investors know how to take advantage in charts to identify this reversal. A trader will need to find stocks that are reversing and a few stocks are indentified. Powertrades have identified LIONIND as one of a possible stock to trade. The trigger was a Japanese Candlestick pattern.

LIONIND closed at RM0.515 on the 28th. Confirmations using Powertrades technique suggests to enter a trade the following day at RM0.53. Price of LIONIND eventually went up and a Powertrades exit signal was triggered on the 7th of November and LIONIND was exited at RM0.68. The trade net in a profit of RM0.15 or 28% in less than two weeks.


Daily LIONIND chart as at 14 November 2008 using NextVIEW Advisor

Find out how you can identify opportunities like this every day from the Powertrades training program for Malaysian Stocks and Futures market with 6 months of mentorship conducted by Mr Benny Lee. CLICK HERE FOR MORE DETAILS

***
N.I.N.E.