Monday 18 March 2013

Week 12 Update (18/03/2013)

Penny stocks has corrected with superb speed as always. Some interest seems to be flowing back to stocks below $1.00. Caution still needed in market. 

Please don't jump into Penny stocks without a cut-loss plan, because it can get very painful when it's too late.































China has got new leadership, there should be fresh news that may move markets in the short term.










































Some counters showing short-term trading potential:

This counter will be a beneficiary in the China Infrastructure story. Government is still planning to spend lots on infrastructure in coming years.






























Blumont

All signals are here. 

1. This is a powerful uptrending stock. Every rally is significant with little correction.
Put odds on your side by longing the stock.
2. Sideways consolidation for 3 months, time for a move upwards soon.
3. Volume is picking up in the last 2 weeks. I guess a move is coming very soon, most likely a move upwards.

Chip Eng Seng

1. Another very nice uptrending stock with powerful rallies. 
2. Stock has gone though a significant correction followed by a squeeze. 
3. A breakout of the squeeze on 14th Match indicates the upward momentum is back on track. 
4. Healthy volume.