Saturday, November 19, 2011

La Opla may bounce back at support


-2.85 (-2.72%)

La Opla shares are currently trading near a recent support level. The yellow line in the chart represents the support line. The purple line represents the resistance. The green represents the channel between the support and resistance levels. If the shares bounce back and you enter long then you should be looking to sell the shares near the purple line. That would be your target price.

So if you see that the share bounce back up at this level then enter long. Your target price would be about:- 125 and stop loss must be a 90.

Kindly note that the advice we provide are based solely on technical analysis. There are thousands of factors that can affect the price of a stock. So do not rely solely on our tips. Please do listen to news and also perform your own analysis to determine whether you should enter a position or not. We would not be held accountable for any loss you might suffer in process of trading. The above are for information purposes only, trade at your own risk.

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