Archive for August 25th, 2006

Trading: YTLPower

August 25, 2006

Report here. This is a solid company which has posted gains every year for the past 5 years. Since Feb it has retraced 38% of its value and seems to have found support at this level. Now this is what I mean when I talk about good companies getting whacked.

ytlpwr-monthly24-08-06.png

Over the near term, we have had a breakout on higher volume and this is sitting right below resistance. I expect this to be broken soon.

ytlpwr-24-08-06.png

Am going in on Monday.

Happy Trading