Wednesday, November 11, 2009

Bumi rebound

After four days in red color of candlesticks, at last BUMI rebound today for more than 12%. This is the idea for playing rebound, whereby I have explain before that four days down 90% a shares will rebound in the next day. After rebound, what should we expect is correction, so be careful for correction tomorrow.

The technical did not work here for BUMI today, as its was breached the bottom yesterday at Rp. 2,200 and closed below. But the result is huge increase for today rather than down trend. What can we do here is to find out the theory of technical of reversal. . happy trading Will I Am Chen... GBU

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