Week 8 Update (17/02/2013)

Penny stock fever is gripping the headlines, for those who have missed the boat this time, don't jump in just to chase it. There are many other good counters to put your hard-earned money in.

We have been waiting for a pullback in the market, asking clients to lock in profits. So far market seems like holding up well, but in any case. If not sure, please call or email us to check.

China market is starting this week after a week long holiday, do watch for it. There maybe big moves.

Some follow-ups to counters previously mentioned;

In our previous post on Osim, we mentioned that once it broke out of the ascending triangle, it is a BUY. It did happen and stayed above it, the uptrend is definitely still intact. 

If you have followed our advice and bought it, you are in a good position now riding the uptrend. Good luck

Some counters to watch for;

Clear example of reversal from long term downtrend. Has been consolidating for the past few weeks. Poised for long term upside. Prepare to take up position.

Swiber has bottom out and broken out from consolidation. Moving averages have signalled a reversal. More upsides to come. Look out for entry in the coming days.