On mid-term trading and investment...
Disclaimer: The ideas expressed in this blog should not be construed as an enticement to buy or sell securities.
Tuesday, 9 July 2013
Bought Wilmar at $3.11
There is a clear support at $3.11 with many tails and the volume is falling to a suffocating level. MACD has been flat for some time. This stock has been very still lately. There should be something to stir it up or down soon. Fingers crossed that it will be stirred up. Currently, the price is very near the rock bottom. Price to cut loss is set at $3.00 and target exit price is set at $3.90. So, this is a 25% gain to 4% loss play.
Tuesday, 2 July 2013
Vard dropping nicely
Vard dropped nicely to $0.90 at high volume indicating panic selling as cost overruns in Brazil projects largely due to rising labor cost. It will be interesting to see it drop below $0.80.
Biosensors' rock bottom at $1.02?
Biosensors rebounded at $1.02 with small volume. Meanwhile, many institutions are issuing buy calls with high margins. I vow that I will buy if it touches $1.02 again.
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