Monday, October 15, 2007

Marine counters creeping ?

I been noticing 3 counters showing a lot of symmetry in the charts. The 3 counters are CourageMa, BH global and CH offshore. ASL marine seems to be showing some symmetry too but not that similar i guess and they are from the marine sector.

First to breakout was CourageMa today. I can't really define a single resistance line but the resistance range will be from $0.445 to $0.46 so today it tested $0.465 with high volume but failed to close above and closed at $0.455. Currently it's supported by a trendline which is supported thrice and is in the middle of the channel. The charts of these 3 counters are very similar and it seems to me that BH global and CH offshore will be testing their resistance soon for this week. It may present an excellent opportunity for profits. The only thing stopping me now is the violent and volatile market now.

CourageMa :


BH global:



CH offshore:





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