This week has shown mixed results again.
MiddleEastD Price rose but that does not indicate an uptrend breaking up. While it seems that the downward momentum is coming to an end, RSI and SAR still shows down. Nothing critical yet though.
Asia Env As stated previously, it is taking a breather and all signs are pointing towards it. We shall now wait and see how bad the retracement is.
ChinaAviationOil
CPL at $1.86 has all but ensured a 45% returns. Will enter again when there is a retracement. At the moment, I have no funds. So most probably have to wait for next month when I get my pay. Needless to say, this stock is running fast now.
BrightWorld The issue with buying pennies is that the cut loss limit is so tight. I bought this at 0.475 and according to percentage, the cut loss is at 0.445. Seems like its possible to hit that range as it is retracing now. (The difficult part is to identify the difference between retracement and reversal) As of now, it will be assumed as retracement.
NobleGroup MACD showing signs of weakness and RSI declining slowly. This stock seems to be the short term punters dreams due to its fluctuations. I'm not like that but on a whole its on a healthy trend. Hopefully, this MACD slowdown period (now) is the retracement period.
BioTreat Its kinda strange why it opened so much lower than the previous day closing price. Maybe BioTreat has lots of short term traders and they might sell the stock out of fear because of DJ's drop the previous day. Nothing much to read from this chart other than the probable composition of the style of investors in this stock. Guess I better be careful. Its always safer to ride a trend full of fundamentalists as their tendency to hold is higher.
Rotary The stock I whined the most. It should be ok as candlesticks shows that people are trying to push the price up (my own interpretation). Nothing much to say at the moment. Only time will tell.
HoBee It has passed my CPL level. Seems like it might even hit oversold soon. Again, the reason might be attributed to the Dow Factor, but it seems like its bye bye to it soon. Monday should be my final day to judge it, and I will put an alert at $2.30. Should it hit it, then I have to say my thanks to Ho Bee for the good ride.
Portfolio Updates as of 11 May 2007
 Labels: AsiaEnv, Bio Treat, BrightWorld, ChinaAviationOil, HoBee, MiddleEastD, NenixDreams Fund, NobleGroup, Rotary |
