Comments: Look to Take Profit or Sell lower liners which enjoyed strong rallies in recent trade, especially those with their 14-day RSI readings still above the 70 level. While buying momentum stays robust, it is essential for a profittaking correction to neutralize overbought technical conditions and attract buyers from the sidelines to promote a more sustainable up-trend going forward.
Tuesday, May 12, 2009
Technical Stock Picks Compilation Table 13 May 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: Look to Take Profit or Sell lower liners which enjoyed strong rallies in recent trade, especially those with their 14-day RSI readings still above the 70 level. While buying momentum stays robust, it is essential for a profittaking correction to neutralize overbought technical conditions and attract buyers from the sidelines to promote a more sustainable up-trend going forward.
Comments: Look to Take Profit or Sell lower liners which enjoyed strong rallies in recent trade, especially those with their 14-day RSI readings still above the 70 level. While buying momentum stays robust, it is essential for a profittaking correction to neutralize overbought technical conditions and attract buyers from the sidelines to promote a more sustainable up-trend going forward.
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