Posted on 31/05/2012 @ 2246hrs
Some counters need confirmation for Long Entry
1) CapMallsAisa - Bullish engulfing
2) Singtel - Bullish engulfing
3) STX OSV - Bullish piercing pattern
I believe there's no confirmation as of 1532hrs.
Posted on 31/05/2012 @ 2246hrs
Careful Biosensors, it looks like a short to me.
It fell big with high vol.
Advice: Can enter small shorts and add when it goes lower?
Safe entry price will be 1.165 to short.
Biosensors still look weak and not moving up. But I'm not vested.
Prediction for the market next week
The strength is clearly on the bears side.
Dow Jones need to be above 12400 in order to have a change of trend to the upside.
Tonight we will ALOT crucial data coming from the US markets such as unemployment rate, Non-farm payrolls, ISM manufacturing data. There are few more average importance data coming out as well.
Refer to my link title "Updated data and live quotes" provided at the sidebar. Scroll to the bottom of the page to see the timing of the data(s).
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