Technical Analysis
Mid action review – Cache Logistic Trust
By Bully The Bear  •  April 4, 2011
I've blogged about the charts on Cache a few weeks ago. Here's a mid action review.

Weekly






I bought it at 0.915 many weeks ago. Since then, the weekly bullish divergence has come to fruition. I'll be mapping out the exit strategy now. 0.955 - 0.960 is quite a resistance to clear. After that, 0.98 and eventually 1.00 is the level to go. Since it's a weekly divergence, maybe I'll wait till 0.98 and see how it proceeds. 0.955-0.60 gives me a ROC of 3% there abouts only...nothing fantastic but well, if there's money to be taken off the table before it slides out of my reach, I'll take it first.



Daily






The daily still looks pretty good. I love this kind of setup to enter any position. A clear cut bullish divergence on both weekly and daily, and the chart ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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