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.
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Yangzijiang: Spot on! this counter break the resistance at 1.26 and went to create its 52 weeks high at 1.35 as at today. Let's cruise together on this ship while its hot.
IndoAgri: After a bullish run last week, a bearish engulfing candlestick appear today. However, the strength of this bearish engulfing candlestick are still unconfirmed as the volume associated with it is low. 2.55 appear to be the immediate resistance rather than 2.62 as per my last post.
C2O Holding: Disappointing counter, after weeks of consolidation, it appear a breakout seems far now as a very bearish black candlestick engulfed the prior day candlestick yesterday. Volume drying out, MACD losing momentum and RSI indicate selling taking place, it is time to drop this counter should MACD confirm with a cross-over down the signal line.
IndoAgri: After a bullish run last week, a bearish engulfing candlestick appear today. However, the strength of this bearish engulfing candlestick are still unconfirmed as the volume associated with it is low. 2.55 appear to be the immediate resistance rather than 2.62 as per my last post.
C2O Holding: Disappointing counter, after weeks of consolidation, it appear a breakout seems far now as a very bearish black candlestick engulfed the prior day candlestick yesterday. Volume drying out, MACD losing momentum and RSI indicate selling taking place, it is time to drop this counter should MACD confirm with a cross-over down the signal line.
Yangzijiang
Yangzijiang remain firmly in my pick.Current: 1.24
- 3EMA remain above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand to maintain the uptrend
- MACD remain bullish showing momentum increasing in both daily and weekly chart. From the weekly chart, a MACD bullish cross-over signal line is in the making
- Resistance at 1.26, while the support remain at the jinx 1.22 level
IndoAgri
IndoAgri break its resistance at 2.38 with ease, ending the week with a very bullish white candle.
Current: 2.51
- 3EMA remain firmly above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand to maintain the uptrend
- MACD remain bullish showing momentum increasing in both daily and weekly chart. From the weekly chart, a MACD bullish cross-over signal line is in the making
- Resistance at 2.62, while the immediate support is at 2.32 level
C2O Holdings
C2O holdings
Current: 0.47
- 3EMA remain above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand for the breakout
- MACD remain bullish showing momentum increasing in both daily and weekly chart. MACD just about to make the cross over signal line
- Resistance at 0.47, while the immediate support is at 0.425 level
C2O holdings
Current: 0.47
- 3EMA remain above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand for the breakout
- MACD remain bullish showing momentum increasing in both daily and weekly chart. MACD just about to make the cross over signal line
- Resistance at 0.47, while the immediate support is at 0.425 level
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.
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.
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!
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!
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
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
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
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
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