Thursday, February 08, 2007

Oilcorp, Ranhill & Masteel

Ranhill: I have been stalking this counter for the past one month. It one may have broken the downtrend channel. Because of this, I have established a tiny position in this counter. This is a contruction counter that has hardly move. My bet is the discovery of oil that will propel it higher.
Oilcorp: Fundamentally not good, but technically can go up if can break 1.19. So still fill with hope.

Masteel: I'm still trying to find another entry point for Masteel. Looks like it may have found the bottom of this consolidation at 1.15. The daily downtrend RSI has been broken. Let's see whether the selling has subsided.

CNY is only 10 days away. Has everyone gotten their ang pow? Does the foreign funds think this also? Or the gambling spirit will continue during CNY?

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