Thursday, September 06, 2007

STI rumbles!




Analysing Adv Hldg in details as I have vested interest. RSI is near resistance, Possible resistance level is 0.520 and target price of flag pole should be conservatively 0.570

Adv Hlding went higher after breakout the previous day and it has been going up for 2 days straight. Hence I ought to be prudent and will be looking to sell upon weakness for a successful swing trade. What makes this win sweeter is that it is screened using XPertTrader. I am going to upload this rule into our XPertTrader library so that subscribers can enjoy using the rule. Maybe next week at the workshop, i will demonstrate.

For those interested to join ChartNexus Technical Analysis Course, you will be given 3 months free of XPertTrader subscriptions worth $105.

XPertTrader Screening for Short term Price pattern:
Armstrong
Tiongwoon
SunningTech
SMB United
Occulus
Yongnam
LC Dev
Lum chang

I'm still observing for breakouts in the stocks above. Tomorrow is Friday and it will be a fantastic time to fish if the weather is fine. On the weekly chart, am seeing almost 59 stocks turning around on their weekly chart.... no buy very sayang.... so i may pick up one more.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.