ST Index & others
ST Index - The index's ability to sustain itself near 2440- 2450 range
now
appears to suggest that it could break up to the upside. If the index
rises
above 2450, it would trigger a flag breakout and the next resistance
would
be the 2500 level. This should result in continued interest in small
cap
stocks. We had already recommended several stocks this morning and
recommend holding on to the same. Traders could also consider some low
risk
entries like Beauty China at $0.82 and Federal(Other
Federal View) at $0.635 or Global
Testing
at $0.325.
Asiapharm- We had featured the stock this morning and stated that a
break
above $0.77 should result in the stock testing it's previous high of
$0.84.
The stock had gapped up on opening and has so far reached a high of
$0.795. The gap up this morning is seen as a breakaway gap and
indicated
high confidence in the stock. Additionally, if the stock closes at
$0.79,
it would be a new closing high for the stock which again is a bullish
indication. Our recommendation as such is to hold on to long postions
and
await next resistance at $0.84.
Federal- We featured this stock in an oil and gas sector write-up and
stated that the stock could head down towards prior high of $0.63. The
stock is currently consolidating near that level as volatility and
volume
has contracted. The volatility and the resultant range contraction is
seen
as a bullish sign and a prelude to volatility expansion. For traders
looking for a low risk trading stock, this represents a trading
opportunity as the stock could potentially rise towards at least
$0.685 .
Other
view Feb 28 2006
Beauty China- The stock had corrected from $0.94 to a low of $0.75 and
is
currently trading at $0.82. The stock has already gained 2.5cents.
Immediate support is at $0.80. Traders could consider accumulating the
stock with at $0.82 or better with a stop at $0.80. Onthe upside, the
stock
could head up towards the recent closing high of $0.88.
(See attached file: ST Index.jpg)(See attached file: Federal.jpg)
Best Regards
K Ajith
64195411
now
appears to suggest that it could break up to the upside. If the index
rises
above 2450, it would trigger a flag breakout and the next resistance
would
be the 2500 level. This should result in continued interest in small
cap
stocks. We had already recommended several stocks this morning and
recommend holding on to the same. Traders could also consider some low
risk
entries like Beauty China at $0.82 and Federal(Other
Federal View) at $0.635 or Global
Testing
at $0.325.
Asiapharm- We had featured the stock this morning and stated that a
break
above $0.77 should result in the stock testing it's previous high of
$0.84.
The stock had gapped up on opening and has so far reached a high of
$0.795. The gap up this morning is seen as a breakaway gap and
indicated
high confidence in the stock. Additionally, if the stock closes at
$0.79,
it would be a new closing high for the stock which again is a bullish
indication. Our recommendation as such is to hold on to long postions
and
await next resistance at $0.84.
Federal- We featured this stock in an oil and gas sector write-up and
stated that the stock could head down towards prior high of $0.63. The
stock is currently consolidating near that level as volatility and
volume
has contracted. The volatility and the resultant range contraction is
seen
as a bullish sign and a prelude to volatility expansion. For traders
looking for a low risk trading stock, this represents a trading
opportunity as the stock could potentially rise towards at least
$0.685 .
Other
view Feb 28 2006
Beauty China- The stock had corrected from $0.94 to a low of $0.75 and
is
currently trading at $0.82. The stock has already gained 2.5cents.
Immediate support is at $0.80. Traders could consider accumulating the
stock with at $0.82 or better with a stop at $0.80. Onthe upside, the
stock
could head up towards the recent closing high of $0.88.
(See attached file: ST Index.jpg)(See attached file: Federal.jpg)
Best Regards
K Ajith
64195411
posted by SmartYInvestor at 11:39 PM
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