Market View 25 June 2012

This is the last trading week of the first-half
of the year and is also the end of Q2 2012.
I believe that many readers will be wondering
whether there will be a mid-year window-dressing
done by the funds and institutions this coming
5 days? To say the truth, I expect and believe that
there will be such action and occurrence this
trading week, but I don't think it will be a continuous
5 days of surges. Market action will get increasingly
intense toward the end of the week but I still
believe we should be able to see a glamorous closing
on Friday.

Ok, I received several emails asking me about The
Three Musketeers, namely Olam, Noble and Sakari.
I mentioned on last Friday's blog that there will be
"market-making opportunities that is presented
to you on a golden plate.", and I wondered how many
readers indeed taken the succulent fruits on the
golden plate and make a good profits out of the
three stocks last Friday.
As per what I stated, Olam stopped at the resistance
of 1.88-1.89 and closed at 1.885 My view is that it will
have strong upside as long as the support level at
1.83-1.84 is not taken out. The next meaningful resistance
is at the 1.96-1.97 level
Sakari closed strongly last Friday after suffering early
losses and it may jolly well be a reversal day for the stock
but it need to have continuous inflow of increasing
volume. Next resistance is at the 139-140 level.
Noble is currently the weakest of the three and it need
to break the 1.13 resistance with good strength for any
future upside.

Some other stocks based on the chart formation that I
like include Ezion (resistance at 96-97cts), Biosensors
(1.18), STX OSV (1.56-1.57) and Yanlord (1.185).
If you need any timely advice or my personal view,
send me a Skype message and we can discuss from there.   

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