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Friday, April 3, 2009

Technical Stock Picks Compilation Table 03042009

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: Given the sharp rally yesterday which was backed by resurgent buying momentum, we turn more bullish for the short-term. Nonetheless, investors should take this opportunity to Sell on Rally towards the revised higher upside targets for banking, construction and gaming stocks to benefit from higher prices ahead of profit-taking correction next week.

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