Even if there is a rally off the support, I think the furthest it can climb to is around $3.25 where it will meet resistance. Then possibly to come back down to probe the support again.
oh, but i have a bearish bias on HL Asia, and I don't like to make counter-trend trades. So I'm not prepared to take this risk and the $0.15 is not attactive enough.
Even if there is a rally off the support, I think the furthest it can climb to is around $3.25 where it will meet resistance.
ReplyDeleteThen possibly to come back down to probe the support again.
okie. then u will get 15c profit if u r right. good short term profit:)
ReplyDeleteoh, but i have a bearish bias on HL Asia, and I don't like to make counter-trend trades.
ReplyDeleteSo I'm not prepared to take this risk and the $0.15 is not attactive enough.