Prospectus Update

A very fruitful week, jackpot on all my pick last week. Here's my result slip

I am not happy even though I hit the jackpot on my picks.

(1) I committed my first mistakes in trading, I could have earn more but greed overcome me. I go against my chart reading, and allow Yangzijiang to drop over $0.08 before I finally decided to let go, but by the time I give the order, trading halt was issued by the counter. I will try to post the chart later to highlight my mistakes, I hope I will not commit it again.

(2) I didn't manage to hit my weekly target of $1000.

Prospectus Pick

Apologize for the delay in posting this week Prospectus Pick, as it was 3am at night yesterday after I'm done with my analysis and I got to wake up for work at 6.30am. Thus I decided to post the pick today.

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...

YANGZIJIANG

52wk high suggest more upside potential, vested at 1.21 and still holding

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.

BakerTech

Bullish breakout suggest more upside ahead, vested at 0.47 today

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.

ChinaAOil

Bullish breakout suggest more to come, vested at 1.67 today

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.

Money Making Idea

Last week pick on Yangzijiang has earned me my first $1000 from the stock market. However, I am not really pleased as my other 2 pick slowed my earning.

In order to achieve financial freedom, I thought of a money making idea. Each week, it's not hard to see stocks achieve 10 cents to 20 cents earning. The idea is to buy 3 of them at only 2 to 3 lots each. If done correctly, by taking profit on all 3 stocks, one should be able to earn about $1000 per week. The hardest part here is to identify the 3 stocks and this can only be done by using technical analysis.

If I follow this idea, I shall be able to achieve $40k - $52k per year. Together with my monthly income, I will be able to achieve an income close to $100k per year.