Market View 8 June 2011

It was an exciting trading session yesterday with
many stocks rebounded with good volume.
Genting was impressive in doing a reversal after
falling down the support level of 1.97 and hitting a
day-low of 1.93 The share eventually closed at 1.99
after hitting a day-high of $2. Like what I have mentioned
before, it need to sit tightly above the 1.97 level,
if not it will face the next support at 1.90

For those who are interested in some pick-ups,
we have Sinograndness on a good run but it will
face stern test at 49cts level and a breakout above
it will see it facing the 53cts next. It need to stay above
46cts for the momentum to continues, or else its recent
trend will be negated.

Some other stocks that I am interested in is STX OSV
which is likely to be my star-performer in providing "indecent"
returns for the mid-long run. A 50% return from its
current price is an understatement in my opinion but
this is purely my view. Immediate resistance will be
faced at 1.25 and the next meaningful resistance is around
the 1.30 region and the 52-week high of 1.36 is only
a mere stone-throw away.

I like the fundamental of both Ezra and Ezion but as I was
saying yesterday, Ezra die-die need to stay above the 1.51
level and if it can stay above 1.57, it is definitely much better.
Ezion need to stay above 68cts then only will be a more
comfortable selection for the market watchers.

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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