Alert! Nice VWAP trend on HK488!
Posted on Jan 23 2013 at 10:51:29 AM in Finance & Investment
Noticing quite a nice VWAP trend on HK488! We would deem this as a short term opportunity or else you may need to think about whether you would like to partner with Mr. Peter Lam Kin Ngok in business for the long term!
The stock has never paid a dividend.
However, the price trend looks interesting and promising. Setting a 10% buffer for stop-loss may be wise.
If we review the VWAP picks from the past, there are some that still above the price since our post, while some rose strongly for a while, and then retreated.
We think the best course of action is to set a target for gains and a target for stopping losses, given we are uncertain which mode our VWAP picks may trade in the future!
- Mr. Alpha