I have picked two potential upside move stocks under two different buy technique:
1. Breakout Play: AscottREIT, closed at 1.445 today. It broke above its major resistance (since mar 2008) 1.415 with high volume today. Plenty of room to upside.
2. Bottom fishing play: Bumitama, closed at 1.015 today. It's major 50% fib level at 1.02( with reference to all high to low). It also at its major classical support line 1.015. Plenty of room to upside too.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Tuesday, April 16, 2013
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