Malaysia stock : Nazir’s Blog on How to win.. ( and loose too !!) in stock market ( include Malaysia )..

November 30, 2006

Almost fool by “hanging man”

Filed under: stock — nazir @ 7:13 pm

Mas hanging man sign instead of hammer

Yesterday I almost buy MAS stock …. why? because I saw the “hammer sign” ..which actually not an actual “hammer” sign..

The sign will only term hammer if it occur soon after a bearish trend… which was not in this case … So it is not actually a BULLISH  reversal sign !!!! Infact ..since it occur soon after a bullish trend it was actually a BEARISH reversal sign !!!!!!!! Luckily i did not buy …!!!!!

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