steazy

ANFI D - Looking like a Gold Mine?

NYSE:ANFI   AMIRA NATURE FOODS LTD
ANFI looking like a gold mine but I'll avoid catching the falling knife. I'll wait for a uptrend signal with it been oversold with RSI 16. Candlestick look like there's still room for downtrend with a major resistance and support broken, with no signal for reversal except been oversold and now trying to find a new support. Might have a dead cat bounce like the previous resistance but I'll play it safe and wait on reversal pattern signal.

What do you guys think? Let's discuss your ideas.
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~ Steazy - Signing Out!

“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.”
~ Michael Marcus
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