Week 9 Update (25/02/2013)

Market seems to be consolidating / taking a breather. Good to lock in some profits for counters who have risen a lot. Penny stock counters seems to be holding their own ground, but as always, do trade with caution.

China market started after CNY holidays with a strong pull-back. As the longer term trend is still looking upwards, do monitor closely for entry opportunity.

Some counters which may have potential;

Broke out from consolidation. expect significant moves in the days and weeks to come. will review weekly chart at the end of the week to confirm.

Some updates to our earlier stock ideas;

In our previous post, we mentioned that Ezion is in a tight consolidation near the $1.80 region. The stock price is now above $2.

If you have followed our call that will be a near 10% gain from the entry zone.