Friday, 24 October 2014

POSH - PROFITED AT OUR TARGET PRICE $0.72 AT $0.675 ENTRY PRICE

We spotted the bottom for POSH at $0.675 support on the 17 OCTOBER which is 1 week ago. Within our contra period, POSH did not touch our stop-loss price at $0.65 so we continue to wait for it to rally towards our target price of $0.72. At the last day of contra(today), we managed to exit POSH at $0.715/2 which give us a decent return of 6%max. The Blue Chips and Mid-Caps have moved greatly from the low struck a week ago. Now the penny stocks rally could be in full-action next week. We shall see and play on a low-risk and high return approach.
 

1 comment:

  1. It has been a while since penny stocks are in play, I think penny stocks in the likes of Cedar Strategic, Singapore Edevelopment and Next-Generation satellite to be in vogue.

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