Thursday, August 5, 2010

Stock Pick: GoldenAgri, AsiaFood, Broadway

Golden Agri had a bullish momentum today, surprisingly gapped up and end the day at the highest price of the day. Probably due to the rise in crude oil price there is a spike in the buying interest of the palmoil stock. If you are holding this stock, can consider to add position tomorrow if it goes above today's high.

Broadway, on the technical daily chart beside we can see that broadway is testing the low formed in the past one month. A break below this low($1.13) may trigger further bearish momentum. Time to get out.

Asia food, this stock has also steered into the unclear zone. It's time to get out.