As anticipated Cheena shares dominates again. My market scan shows that the underlying strength of the market is strong. There were so many breakouts in my list. Hence I had the luxury to select those with better risk/reward ratio. STI is now trading at 2510, the nearest resistance is 2520. Look out. If market hit into this resistance and unable to break, i will exercise caution as prices might retrace yet again. Surely you don't want to be caught in the offside trap. There were many breakouts, but if these breakouts make a U-turn today, then it is not a good sign. Let's watch on.
GrowMoney Quick Pick
CG-Tech
SunRay
China Diary
China Sun
Shang Turbo
*I have problems uploading yet again hence had send the charts to my yahoo group instead.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
