SakariResources – BUY @ $1.455, 03/07/2012

By K.I.S.S. Investing • July 3, 2012

~StraitsAsia is now known as SakariResources~

Woooo... Sakari Resources jumped today for a 5.8% gain in one day! I have bought the shares at $1.355 and are now gaining an unrealized profit of $450. Evidence as shown below with CIMB stock brokerage account:

But I am not writing this blog post to just show off my trades, I just want my readers to know that I am talking about real stuff and I do walk the talk...

Anyway, here is a Sakari Stock Analysis Chart from Chartnexus:

Technical Analysis: The breakout from Ascending Triangle + Bollinger Band coupled with High Volume = Potential Upside! Taking into consideration the global market condition:

Market Analysis: Euro starting to resolve their problems / People used to the negative news until there is not much impact o.O
Fundamental Analysis (see 2 charts below): Strong Balance Sheet & Financial Position, Coal prices ...

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