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 15th October, Mid Week Stocks Pick

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orangtua



Posts : 117
Join date : 2008-08-06

PostSubject: 15th October, Mid Week Stocks Pick   Wed Oct 15, 2008 11:11 pm

Hi Guys

This week in your playbook based on the Stock Picks, you should still have UNVR still in-the-money.

Many stocks are still in weakness. APEX's candle is resting on the 50ma level. Watch for rebound. For conservative player, rebound level of 2350 with higher volume than the daily average of 3million shares would be a stable entry.

For short CFD sellers, you may want to keep a lookout at these.

1. ANTM, is currently at the 20ma resistance level. On return weakness, a short position can be taken.
2. AALI, turtle breakout formation in the making. Wait for breakout
3. INCO. same as AALI situation. wait for clearer brakout signal
4. LSIP, same as AALI situation

Good luck and Happy Trading. Disclaimer applies.
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orangtua



Posts : 117
Join date : 2008-08-06

PostSubject: Re: 15th October, Mid Week Stocks Pick   Thu Oct 16, 2008 6:47 pm

orangtua wrote:
Hi Guys

This week in your playbook based on the Stock Picks, you should still have UNVR still in-the-money.

Many stocks are still in weakness. APEX's candle is resting on the 50ma level. Watch for rebound. For conservative player, rebound level of 2350 with higher volume than the daily average of 3million shares would be a stable entry.

For short CFD sellers, you may want to keep a lookout at these.

1. ANTM, is currently at the 20ma resistance level. On return weakness, a short position can be taken.
2. AALI, turtle breakout formation in the making. Wait for breakout
3. INCO. same as AALI situation. wait for clearer brakout signal
4. LSIP, same as AALI situation

Good luck and Happy Trading. Disclaimer applies.

Hello Traders,

I know today is another disappointing day for many. After a strong rebound on Tuesday, the market has retreated again in the past 2days. Based on the Stocks Pick I posted for mid-week, let see how it goes.

1. UNVR, still trying to make its attempt to go higher but has to succumb to general market weakness. close 7,800
2. APEX, hangs on very well to close at 2225. Rather wait till it gets stronger

For short sellers (I know many of you are not ready for shorting yet, you may want to practice using paper short till you are more ready or see money in it to then use CFD to short sell)

1. ANTM, face MA resistance and came down to close at 1260, -40. Opening at 1170
2. AALI, close at 8400, down 900 (minus 9.47%), getting close to Turtle breakout target
3. INCO, close 2050, down 200, sitting on Turtle breakout target
4. LSIP, close 2350, down 125, same as AALI, getting close to target.

Keep close to the market. Always stay vested.

Regards.
Orangtua
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