Market View 22 November 2010

We only have another 6 more weeks before this
year ends, and that means that the year-end rally
is brewing its strength in my opinion. Stock should
have better showing this week but expect all to
follow suit. The main action will be concentrated
on the selected stocks and definitely not all.

Genting is sitting on the 2.04 support/resistance level
now, and a number of readers asked me for the
"divine" view of its next move. I have to say that
at the current state, it should consolidate for a short
time before staging another surge. The pyschological
support level of $2 and 1.97 will be crucial at this time.

GLP suddenly became a high-volume stock again
last Friday, and I was asked about this from readers.
If you want to know stories, then I can tell you that
a few foreign brokerage house initial coverage with
"Buy" and "Overweight"on the stock with price target
from 2.58-2.90 This will create some play in the stock
with initial resistance at 2.26 then 2.32

I believe that the commodity and plantation stocks
will have action this week given that palm oil refiner
and reseller Mewah IPO will debut this week.
Watch for the palm oil counters, like Golden Agri,
First Resources, Kencana and Global Palm.


Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山