3.08.12 ORE PNX MER RLC OV

Sorry for not updating the blog for 2 Days. It’s because my top pick is still ORE.

Since yesterday, we’ve seen the volatility among JAP stocks, specially the roller coaster ride on DIZ. However, ORE showed some strength even other JAP stock are moving wildly. Today, MACD buy signal finally appeared in this stock and made the highest close ever at 6.16. I’m still confident that this stock will go up in some weeks. See previous chart here.

PNX – watchout for the disclosure tomorrow as they just held the ASM this afternoon. Chart here.

RLC

For risk-averse people and trend followers, they might just hold this stock as long as it doesn’t break the 20-day simple moving average. Price pattern is now forming another flag as volume consolidates and RSI always bounce near that level as shown below. Momentum traders are just waiting for a breakout for them to enter this blue chip stock.

 

 

OV – make or break

Price pattern is now forming a bullish ascending triangle but MACD now gives a warning and nearing sell signal.

avoid if breakdown, buy if breakout.

 

MER

Ex-date March 20, 2012 | Cash dividend of 4.1/share + 51% equity in rockwell. (You can buy until March 19 to get the dividends)

MACD buy signal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s