Weekly Review and Market Watch

September 19, 2010 § Leave a comment

Market’s charge is starting to slow. Especially when approaching the traditional bear month of October.

That is of course based on, statstical probability. Nothing is for certain. And market will always make it a point to prove us wrong.

The rebound in equities has been extremely strong in the month of September, STI and the Indian Sensex breaking 52 weeks highs in the process.

In fact, the rebound is broad based, ranging from equities to commodities and export/trade.

It is a condition of reversal of extreme bearish view.

I could not help but feel that the charge could be far from over, but it pays to take profit while the going is good.

Yet, true to the contradictory nature of trading, one should also ride on profit. Take profit only when established support has been hit.

Of course, if price from the established support is a huge gap, it would be prudent to take it sooner than later.

Adding new positions at the moment would not be suicidal, but taking on unecessary risks.

While waiting for correction/retracement to appear, it would be good to add a few stocks on the watchlist.

Trending Stocks

C & O Pharm

Cerebos

Genting

Hi-P

Jardine C&C

Osim

Singpost

YangZijiang

Improved Technicals

Biosensors

Cosco

China Energy

Noble

Olam

Straits Asia

Wilmar

Share Buybacks

OCBC

GP Industries

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Hi-P Chance for a Breakout

September 7, 2010 § Leave a comment

Hi-P 7th September 2010

Another low risk play, similar to YangZiJiang before its breakout.

1. Ascending triangle with very narrow trading range. Formed by resistance of 86 cents and uptrend line

2. Stochastic yet to hit overbought.

3. Volume low, sign of impending surge in volume

4. Company share buy back for past weeks (similar to Informatics and SingPost)

Keep stop slightly at 83.5 cents

Where Am I?

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