Jumat, 04 Juli 2008

BUMI: Kangaroo Tail

Why I keep on yelling, "Kangaroo Tail!" while my previous kangaroo tail, ENRG, failed to give me result?  BUMI is still in uptrend, but today it broke it's 50 MA, taking most position trader out.  Damn!  But it's still a kangaroo tail to me, and it can still continue it's rally.

For your note, kangaroo always goes in the direction opposite to its tail.

Today, BUMI is the most perfect example of a perfect kangaroo tail.  Uptrend, and piercing BB.  Let's see what will happen to this stock tomorrow.

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