Tuesday, January 18, 2011

HKland$US , F&N

HKland$US closed 7.51 today near its day high. This stock has recently broken out of the resistance and pull back to retest the support. Again, today it break out of the resistance, i believe there is good chance it will succeed this time. Can consider entry if it break prior day high US$7.53, stop loss can put at $7.25. Mid to long term trade.

F&N closed $6.70 at day high, it is back into the uptrend channel we drew sometime ago, hence I believe that it will continue it's uptrend momentum. Can consider entry if it break prior day high. Stop loss at $6.48. Mid-long term trade.

For short term player, can take alook at Ziwo and Epicenter for swing trade.