Thursday, August 19, 2010

Some Bullish stock for Friday

Straits Asia has show some sign of reversal after breaking its long term down trend line (thin blue line) formed since early this year.Today it breaks above the 200 moving average(red line) and pullback to 200ma. This stock can buy for long term if it continue to rise tomorrow.Entry:2.15 Stop loss 1.98(2bid below recent low) timeframe 1-3month

Biosensor, another bullish stock appear in my list, despite a big rally today, it is still below the resistance. If tml it continue to rise higher it may good for a breakout trade. 1-2week trade,Entry 0.845, stop loss 0.805. Should continue to monitor tml's price action before entering.