Taking a Closer Look at IRC (50 % Gain)

I just discovered a  better way to look at rising stocks  while its ongoing  rather than look at a stationary chart . If you select "5 min"  instead of the default "Daily " chart display on top menu of  Citiseconline  technical chart then you'll be able to see better and make an intelligent decision to your entry and exit price.

As shown below is the 5 minute chart of the days topnother IRC Properties with an impressive 50% gain from P1.2 to P 1.8 per share .

IRC_24Feb2012_Breakout

If you notice the price increase slow but steadily above the 12 day Simple Moving Average until it reach the peak of 1.8 where it close. Both the momentum MTM1 and MACD support the bullish signal.

I do not recommend buying the stock at this time but if you do , select a lower price so that you'll have an allowance in case the uptrend  reverses. Or if you bought early target a max of 20 % gain  before selling  to keep your profit in place . Always keep a "Trailing Stop Loss" value when entering a trade , lets say 2 % of your buy price and if the price goes the other way then you always keep your profit intact .

Invest Safely and have fun !