Referring to my previous post of earning $1,000 a week idea, I decided to try the idea and will share the result with everyone to see how I fair after 6 months. So this week 3 gems are...
Key resistance broken. YZJ could see more upside potential, after staging a strong break above its 52 week high past week and went on to create new high at 1.49
Indicators are bullish. With both the RSI and MACD indicator still climbing steadily, they suggest that the upside momentum remains intact. The fact that OBV are rising and RSI in over-brought zone suggest that demands are high and people are still dying to buy.
Support is at $1.32. 15D EMA should act as a immediate support level.
Consolidation broken. Bakertech could see more upside potential, after breaking off from its consolidation phase and staging a strong break above its 52 week high past week with high volume and went on to create new high at 0.505
Indicators are bullish. With both RSI and MACD indicator increasing, they suggest that the upside momentum should continue. The fact that OBV are rising and RSI in over-brought zone suggest that demands are high and people are still buying.
Consolidation broken. ChinaAOil could see more upside potential, after breaking off from its consolidation phase and staging a strong break above its 52 week high past week with high volume and went on to ride a new uptrend without looking back.
Indicators are bullish. With both the RSI and MACD indicator climbing steadily, they suggest that the uptrend momentum should remain. The fact that OBV are rising and RSI in over-brought zone suggest that demands are high and people are still dying to buy.
4 comments:
Is CAO safe in terms of Governance?
Is CAO hedging USD again ?
Thanks & regards
Please post Target Prices for all three.
Make S$1,000 per counter per week?
Or S$1,000 for all three counters per week?
What is the number of shares for each counter ?
What is the impact on Baker Tech NAV per share after taking into consideration of the YangZiJiang acquisition ?
Can Baker Tech W121116 Warrant Holder convert their warrants to shares now?
What is the procedure ?
How long will it take ?
When can the converted shares be traded ?
Hi Anonymous
Sorry, my buy and sell decision are based only on technical analysis.
Regarding the money making plan, the idea is to make $1000 for all 3 counters per week. Each counter at only 2 to 3 lots depending on ones risk limit.
You can refer to my blog entry http://stockprospectus.blogspot.com/2010/04/money-making-idea.html for more information.
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