Wednesday, December 9, 2009
PENINSULA LAND - Buy your piece of cake on this land...
This stock is quite hammered down in the recent past. Since last 2 days despite of market adverse movements it has been rising.
The points on the chart in its favour are,
1) Broken out of consolidation above 81.
2) MACD- Marching ahead to the positive zone above ZERO
3) The stock is quite hammered down so relatively safe to buy at this point.
4) Volumes have risen today.
I recommend a strong BUY on this stock - 83.5, SL- 78, T- 98 , RR- 1:3