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Thursday, April 16, 2009

Technical Stock Compilation Table 16/04/2009

The table below is a compilation of actively traded stocks with their stop-loss, support and upside targets together with some popular technical indicators. Stock name in bold represents stocks that are expected to attract momentum trading plays and hence encourage retail or short-term trading participation. Share price in bold reflects revised stop-loss, support and upside targets. Recommendation (REC) in bold indicates changes to recent technical calls.

Comments: Maintain call to SELL or Sell on Rally overbought stocks with 14-day RSI above 70 and closing prices way above the upper Bollinger band, ahead of high possibility for profit-taking correction in the short-term. Once a significant profit-taking dip materialize, share price correction towards the mid Bollinger band should attract buyers to re-enter stocks.

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