Prospectus Pick: Technical Charts

C2O Hldg

Comments:

- 3EMA above 15EMA; indicating buy
- Price are currently consolidating
- Increasing OBV and RSI at neutral ground; suggesting home coming for the bulls
- With MACD bullish crossover in the making and momentum building up; further confirm the arrival of the bulls
--> All indicator suggesting a breakout testing resistance

F&N

Comments:

- 100EMA slanting upwards; indicating bullish trend
- 3EMA is riding above 15EMA; indicating buy
- Increasing OBV suggesting that the current trend will continue
- MACD above signal line with increasing momentum in daily & weekly chart further confirm that the current trend shall hold
--> Price should continue to rise along the channel

IndoAgri

Comments:

- 3EMA cross over 15EMA; buy signal generated
- MACD bullish crossover, together with increasing OBV; further confirm the buy signal
- RSI currently at 51%, 61% seems a strong resistance level
--> Price should rise along the channel testing resistance at 2.38

NOL

Comments:

- 50EMA slanting upwards; indicating bullish trend
- 3EMA riding above 15EMA; indicating buy
- With RSI slightly below 70%, MACD building momentum and increasing OBV; suggesting that there are strength in the up trend
--> Price should rise along the channel with slight retrace as Price reach the upper channel line

SembCorp

Comments:

- 50EMA slanting upward; indicating bullish trend
- 3EMA above 15EMA; indicating buy
- With MACD building momentum and increasing OBV; suggesting demand to keep the price up
--> Price should continue to rise along the channel line

Yangzijiang

Comments:

- With 3EMA cross above 15EMA and with MACD building momentum and bullish cross over in the making; a buy signal is generated
- With RSI resting at neutral ground and increasing OBV; suggest increasing demand to support the current trend
--> Price should rise to the upper channel line with Support @ 1.17 and Resistance @ 1.22

Prospectus Pick

Here's my list of 6 gems for the coming week, their closing price as of 1/4/10 is as follow:

C2O Hldg : 0.455
F&N : 4.98
IndoAgri : 2.29
NOL : 2.15
Sembcorp : 4.28
Yangzijiang : 1.20

Let's see how polish this gems become by end of next week.

Back to Shirt and Pants

After 2 weeks of break, I step into the working world again yesterday joining a new Company. I realize I might not like the job as it was a rather "brainless" job. By brainless, I meant no analytical skill is involved, everything is pretty much monotonous and fixed. I hope this feeling will vanish as I become more familiar with my colleagues and getting used to the job. I must be patient, there was a freaking 65% jump from my previous salary, meaning more "side money" for me to trade. I must bear with it, bear with it, bear with it.

During this 2 weeks, I manage to finish "How to make money in Stocks" by William J. O'Neil. I am really glad that I have this book under my collection as it was really useful and give a thorough overview of the stock market. I will definitely read it again for greater understanding in the future.

I will be going through some charts later and will post some Prospectus-Pick for next week, so stay tune...

Welcome to Stock Prospectus!

Welcome to Stock Prospectus! I hope this will give everyone interested in Stock a chance to interact on a number of trading topics. Here, I will blog and share everything about stock which includes psychology management, money management rules, trading systems experience, stock analysis and mistakes.

My objective to trade is to achieve financial freedom. I would like to create a second source of income through Stock trading so that I could provide a comfortable life for my dearest family.

I am a full time professional from a MNC, all charts are based on my own analysis and understanding. Thus, by no means I think you should follow my picks blindly. Instead do your own homework and treat Stock Prospectus as a learning ground and another source of reference for stock pick.

I hope that beginners or even seasoned traders from the school of technical analysis will exchange their ideas and insight with me.

So join me in an ongoing discussion, as I work towards achieving my goal.