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Sunday, October 16, 2011

17/10/2010 Stock Watch

Dow Jones closed positive 166. Very likely to be bullish on Monday. Which means, we gonna buy high and sell higher. Folks, no more Mega Sales.

Here's my stock to watch.

E&O : Buy signal, RSI breaches 50%. If it reaches above 1.49, it will likely to reach 1.55. 2nd TP will be at 1.59 and 3rd TP will be at 1.64.


RAMUNIA: According to trend, probably there will be another goreng session. Buy if breaks 0.40, TP 0.425 and 0.45. RSI showing overbought signal, but the other signals show positives. Beware as this stock is still in PN17, which mean it can be delisted if they didn't meet the requirement by Bursa.


BIMB: I will just stay sideline for this.

MRCB: Likely it will go down abit. Support at 1.82. I might going in this stock if it falls around 1.80+ish. Anything below 1.82 is Mega discount. RSI shows overbought, and the same is true for Stochastic However, MACD shows 4G1R, meaning that the volume has fall and selling > buying. Maybe wait a few days for better indications.

OLDTOWN: New IPO listed since July 2011. TA might be very inaccurate but for the sake of it, 1.01 is the vital checkpoint here, but it is likely to go down on Monday after 'doji' is formed (Sign of reversal).

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