Daily Update

guangzhao is in a mid term down trend, short term wise it formed a base and broke the mid resistence line which is a good sign but it has to stay above it before it can test the top resistence line which by breaking will change the trend. nx resistence will be ard 235. due to the tight movements of the stock, one may easily get impatient and end up cutting out, so if trading, go for a more volatile or clear move stock...

nikkei is intraday bullish, a good sign but sti n hsi are still intraday weak, with no signs of direction yet...not surprising after the recent buying, some may decide to take profit. just make sure profit taking is not excessive, and if nikkei decides to fall back past 13600, do be wary of panic selling...remain cautiously bullish...

tat hong is short term bearish, take a look at the chart, did you take profit when the base was broken?? so what is attractive abt tat hong? 1st is the fundamentals, 2nd is big dips for 2 consective days(usually last 3days), support region is ard 245-265 which may act as entrance point towards a target of 285. BUT!!! i have to stress this, when u play oversold counters in a weak trend, buy smaller then your usual size and do not average down beyond your normal risk level. reason?? most ppl find it very difficult to cut loss when they try bottom fishing, and the loss can end up huge for bottom fishing. points to note, mid term trend for tat hong is getting very weak, so exercise caution.

uol formed a base as above and has been broken few days back. areas to buy are when it breaks and wen it pulls back, which is the open of 1st bar n mid of 3rd bar from the right. short term bullish, target will be 428-430. resistense point is 394?? nope, resistence is around 403-405... take half profit at first resistence and observe for reaccumulation. trail your cut loss as the price moves up...

enjoy trading...Heiwa

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