Wednesday, February 23, 2011

CapMallsAsia


On 23 Feb 2011, I have bought CMA, mainly because it's one of component stock and has drop so much. During observation, there is people who bought 2,390 lots @1.80 with one shoot on last minute.
16:59:05 1.800 2,390 S

EMA: 1.89
Black candlestick with volume above average
Bull and Bear Power shown bearish strength gradually
Stochastic 5.08 (oversold)
TMF also down due closing down than yesterday

Long @1.80
TP @1.88
Cut Loss @1.78

This stock cannot play too long, due down trend and makes new low

Add some more @1.71, so with all average @1.755
Still same TP @1.88
I have sold half @1.74 (shifting to other prospect counter)

Ezion


On 23 Feb 2011, I have bought Ezion for contra play only since price drop so much and below 200MA.
My reason its only because there is gap down on 0.65-0.66 and according gap theory, it will cover up.

EMA: 0.663
Hammer candlestick (bullish)
Volume quite average sign of bulls haven't coming yet
Bull Power shown weakness, while Bear Power shown strength
Stochastic 13.95 shown oversold
TMF shown increase
Support/Resistant: 0.60/0.675

Buy @0.61
TP @0.65
Cut Loss @0.60
Close @0.64 (Profit 4.91%)

STI


On 23 Feb 2011, STI makes another small gap down from its previous and create hammer candle with very huge volume. It's indicate reversal is coming soon, which my prediction is next week.
As per today, I start to buy some share

Saturday, February 19, 2011

Yangzijiang


EMA: 1.90 (flat)
Doji candlestick (uncertain condition)
Volume on average transaction
Bull Power hasn't shown any significant power
Bear Power weaker has shown selling pressure decrease
Stochastic 61.36 shown bullish area (bullish divergence)
TMF shown accumulation activity
Support/Resistant: 1.85/1.95

Long @1.89
TP @2.01
Cut Loss @1.85

Instead cut loss I have avg down for this stock..@1.84
Now avg @1.865
Cut Loss @1.82

Sunvic


On 18 Feb 2011 Sunvic unable to break 0.785 level for the third times.

EMA: 0.750 (uptrend)
Long upper candlestick (bearish)
Vol decrease since few days (bearish)
Bull Power decrease (weakness of trend)
Bear Power increase (confirm of bull weakness)
Stochastic: 81.63 (oversold and bearish divergence)
TMF: Negative (Distribution has started)
Support/Resistance: 0.750/0.785

Short @0.76
TP @0.70
Cut Loss @0.775
Close @0.725 (Profit 4.6%)