Prospectus spot on!

Referring to Prospectus pick last week, F&N and SembCorp end up with major boo boo.

IndoAgri: shot pass the resistance level and end the week with a high volume rally.

Yangzijiang: After 4 days of price haggling at 1.22 - 1.23, it finally break the jinx resistance and end the week with a rally on Friday.

NOL: Possible Reversal !

Possible reversal pattern spotted on NOL chart today.

1. Monday - A shooting star after a strong rally is not a good sign for bulls
2. Tuesday - First sign of bear taking control with a bearish engulfing spotted
3. Wednesday - A black candlestick with a lower close forming the Bearish Three Outside Down candlestick pattern

Counter is trading along the upper channel line (Resistance), meaning a short term bearish reversal could happen. Coupled with MACD indicating waning momentum and OBV losing strength, I think NOL will continue to be bearish for the next few days.

Prospectus Update

Some updates on last week prospectus pick.


Yangzijiang: Resistance at 1.22 - 1.23 is strong. Price rise up to 1.23 on monday but was push down to 1.2 on tuesday. Price are trading within channel and MACD still showing increasing momentum and above signal line, with RSI at 54%. Will hold till my stop lose is hit on 1.17

C2O Hldg: This counter are expected to breakout soon. Mr. MACD are standing in-between the crossroad, still deciding on whether to make the cross over, but momentum continue to build up. Will hold till my stop lose is hit on 0.435

Overall: My system has achieve 83% accuracy with only 1 Booo, let's see the progress again on friday EOD. Cheers!