Market View 15 June 2011

US rallied in overnight trade but is it going to
bring some joy to our lethargic market?
As usual, the limelight will be only on selected
stocks again. I will try to shed some light on
where some stocks are heading.

Genting is stuck in a trading range between
1.84-1.90-1.97 right now, and if it can sits firmly
above 1.90, then the stock can consolidate and
move above the $2 again. I am bullish on the stock's
prospect and potential price appreciation.

Ezra rebounded from a low of 1.39 yesterday to close
at 1.44 just a single bid below the resistance level.
I am bullish on the fundamental of the stock but
once again, it need to cross the 1.45 mark with strength
and it will be in strong momentum once it can surpass
the major 1.51 resistance. At the moment, Ezion's fate
seems to be link with its parent company.

Another stock that I have been mentioning is STX OSV.
I am pretty bullish on this stock and technically, I expect
it to test the recent high 1.25 soon and a break above it
will propel it toward the historical high of 1.36
Some readers asked about Sinograndness which I have
mentioned that as long as it is above 46cts and 49cts,
it will soon make an assault for higher price than the
recent high 51cts.


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 

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