Market View 21 June 2011

Our local market started well yesterday morning
but turned weaker as the trading day ended.
Some stocks even did a bearish reversal in closing
at or near day-low after opening on a high note.

Genting closed the 1.87-1.88 gap yesterday but
still closed at a day low of 1.84 which is quite
bearish with a near-term view. It will now
face strong resistance around the 1.88 level and
a breakout above the level will be faced with
the psychological level of 1.90


Ezra continued to be weak despite charging to a
high of 1.37 after opening high at 1.35, it closed
a the day-low of 1.32 Any potential upside will
be faced with stern test around the 1.38-1.40 gap.
Ezion appears to have found an interim bottom but
it will need much more volume to propel it higher
toward the 69cts resistance.

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