Monday, January 14, 2013

Some stock showing weakening sign

Did a scan today and found some stocks that is currently below 20ma. What make it significant is  about 80-90% of the stocks in the market is currently above 20ma, these are the few that underperform the market/ turning weak. We should keep away from the stock in this list.

Ocbc, DBS, UOB.
Citydev, Guoccoland
First Resource, GoldenAgri