Memstar Tech – The alligator chart pattern

When I first looked at the chart, I almost laughed off my chair.

It looked like an alligator submerged in the water waiting for its prey. The resistant $0.019 is the water surface.

I shall name it as the alligator chart pattern. Discovered by Ramus Low on 20/07/2014. Hopefully this chart pattern can be documented in the technical analysis book. I will key in my order with a small position size and shall be the first person to trade this chart pattern.

This extremely penny stock is well supported and there are hidden buying activity in the last 2 month. This alligator may just open its mouth wide (break out) after going without food for 2 months. Watch for it!

The stock market is indeed interesting. Got bull, bear, investor and speculator. Now, there is alligator!

Stop buy or buy @ $0.02
Stop loss – determine yourself

Target – exit once the profit is good

Note

This week had been a great one for me. I caught a big fat fish and received pocket money from breadtalk to buy their premium bread. I also booked my one week holiday to Koh Samui this coming end of September. Really looking forward to it.

Below are 4 potential stock from last week that have not triggered their buy order yet.

1) Otto Marine
Posted on 17/7/14. Stop buy order not trigger yet. Potential stock for trading.

Stop buy or buy @ $0.079
Stop loss @ $0.073
2)Tritech
Posted on 14/7/14. Stop buy order not trigger yet. Watch for the breakout.
3)LCD Global
Posted on 14/7/14. Stop buy order not trigger yet. Watch for the breakout.
4)Silverlake
Posted on 14/7/14. Stop buy order not trigger yet.
Stop buy or buy @ $1.16
Stop loss @ $1.115
Always shift your stop loss daily as your stock move higher until you are being stop out.