06/03/12

Massive profit taking kicked in today. Many had missed the shorting opportunity.
I did highlight about shorting shipping counters. It didn't bring in extraordinary profits but at least some great profits.

Well, so what next?
Of course look to long when prices are coming to a good support. Market is still bullish, many speculators are looking for a good opportunity to long.

I won't be posting any charts for this blog entry cause most of the charts are with a super long black candle which means bearish.
Will just highlight some counters.

STX OSV - http://tradeforthebetterfuture.blogspot.com/2012/03/watch-stx-osv.html
STX OSV still have potential to go lower. So if you have missed the boat already, then this is the counter you may want to consider.

Wilmar
Those looking to long Wilmar, watch for 4.84 level. This level should be strong for now.

SIA
I have been mentioning SIA for many times. SIA was always a shorting target to me (as long as it doesnt break 11.1).
SIA is coming to a support of 10.5. Those interested in longing watch for this level.

Sakari
I did have a bull call on Sakari but the point Sakari breaks 2.60 means trouble.
I did alert traders in singstocks.
Well, this counter has a support of 2.34 (prior rising window resistance), which is near the fibo level of 38.2.

STI levels to watch - 2920 then 2880.


There are too many counters to highlight. I try to highlight those that have greater potential.
Post your requests and I shall analyze it for you. :)