Market outlook and Stock Pick

Posted On 8:49 AM by Ng Leong Yee |

25 Apr 2010

After some retracement, Straits Time Index has rebounded off from its support level (Supported by 20MA, Classical and Fibonacci).


Stock pick 1 - NOL

NOL is trading near its classical support level – currently, it’s being supported by 20MA.

If Monday NOL close with a white candlestick, a confirmation signal may set for an entry. (Rebounded off from support)


Stock pick 2 - Golden Agri

Golden Agri has rebounded off from its support, a potential candidate to look into long position. It might test the immediate resistance before it breakout and go higher.



Stock Pick 3 - Indo Agri

Similarly, IndoAgri has rebounded off from its classical support.




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