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Tuesday, April 12, 2011

Market View 12 April 2011

After 8 consecutive green days for STI, it finally
close down 0.8% yesterday. The pennies suffered
selling as most the the pennies closed in the red.
With US closing in  the mixed, it is looking to be
a rather quiet trading day ahead.

As written and proven in the blog yesterday, First Resources
hit a day-high of 1.46 at the resistance and closed
at 1.43 Golden Agri also closed at the resistance 73.5cts
and closed at 72.5cts I believe that their upside
potential is still intact and they will still be played up when
the market is back in the buying mood.

Genting hit a low at the support level 2.10 and closed
at 2.12 As what was mentioned in earlier blog entry
it will hove around 2.10 and the next significant resistance
will be at 2.18 region

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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 

别人笑我太疯颠,我笑别人看不穿

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