Investment Summit 2010 (28 Aug) : event details here
Latest

Yangzijian, CoscoCorp, Fortune Reit and Sunningdale

Thursday, May 6, 2010 , Posted by InvestorTrader at 12:53 AM

Another day of big decline in the STI (-40 points), but this has also brought a few counters back into the zone for possible swing trades after their recent ascent. But then, safer to go Long if the general market improves. Some of the counters to keep a watch on are:

Yangzijiang: Showed some strength today as it opened below the 40MA but climbed back up into the buy zone and forming the bullish piercing candlestick pattern as well.


CoscoCorp: It gapped down and opened at around the Fibo 50% retracement level but then bounced back up a bit. So if it is able to clear today's high, then may consider going long since the 20 and 40MAs are still sloping up.


Fortune Reit: Hammer appearing with its close above the 40MA. There's a possibility this may go sideways as the MAs are topping off.


Sunningdale: Its also now into the buy zone with the doji candlestick appearing - a sign of indecision. CCI is also low at this point. If it clears today's high with the CCI turning back up, then going long is a possibility.





Currently have 0 comments:

Leave a Reply

Post a Comment