EQUITYOPPORTUNITY

Saturday, March 24, 2007

Some long, balanced by some short positions...

New long positions: LKT(22/03) - up 3.4%
Megan(14/03)- up 6.8%
Satang(15/03)- flat
Hengxin(19/03)-down 1.0%
OSIM(19/03) - up 0.5%
CMBeCW071029 - flat
Creative(19/03)- flat

Balanced by puts: DBSePW070910@5.5c
KepCePW070710@8c
STIePW070628@30.5c

Some charts and observations for next week and beyond:

The Dow looks on track for a new high or at least to scrape the same 12800 ceiling within the next month:




















The STI also looks to have built up a base for a second assault of 2300:
















Stocks I'm eyeing to increase positions in next week:DMX has a bullish divergence buy signal, and a high volume spurt last Thursday that will potentially trigger the rise up to a possible top at close to 80c.





























Hengxin looks promising, as it seems to have built a solid base for a rise back up to 75c.

















Longcheer seems to have started it's run to retrace it's first Fibronacci target of 84-85c.















China Merchants Bank seems to have built a solid foundation for a re-test of the HK$17.00 level so a punt on it's call- warrants might be a good short to medium-term bet:


































Jurong Tech has fallen frightfully, and looks set for a short-term rebound, perhaps to its support-turned-resistance of 92c, but longer term, a H&S pattern could be developing:


































In Malaysia, I'm betting on Satangjaya:

1 Comments:

At 7:33 AM, Blogger kokming said...

i'm new to this, but i got really interested after reading your blog. can you pls recommend me some reads to gain more knowledge on stock trading and stock picking?

i know there are a lot online, but what would you recommend?

thank you very much!

 

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