Tuesday, October 19, 2010

TUESDAY (20/20/10) - STEEL & CEMENT

Hi All,
From budget 2011, counters that will be hot are from steel & cement.  Steel counters as follows: ANNJOO, KIANJOO, PMETAL, CSCSTEL, SSTEEL, MASTEEL, LIONIND, and many more in which maybe i forget.

MASTEEL


SSTEEL

This counter is for u to watch tomorrow since all indicators show no signal for buying yet but i see bollinger band squeeze, acc/dist about to going up, touching 20ma support.  If tomorrow closing with white candlestick, be ready for wednesday.  Watch



Cement counters as follows: RCI, QUALITY, YTLCMT, TASEKLM CEMENT. I still couldn't find good cement counters for trading tomorrow.  So, i replace it with YTLPOWER.


YTLPOWER

This counter will be shine soon.  Next month WIMAX 4G will be out, next year pay-TV will also be available.  Orientation chart,  doji formed near upper bollinger band and ready to rock tomorrow.  Volume high, stochastic climbing, MACD positive.  My intention to buy tomorrow but must see the 10 minute life chart for 30 minute before deciding next move.  So, dont forget your stop loss.   Enjoy...



Pls trade carefully and do study before u jump into any conclusion.  Do check your commission so that u will know how much profit u must make in order to clear for remisier payment or when u trading online.  I gone through the hard way ie losing money in the market before and hopefully u won't repeat my experience.  Trading is risky business unless u master the tading discipline, control  emotion and keep reading stock market books. TQ 

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