Monday, April 25, 2011

Watchlist (April 25-29)

Here is my watchlist for the trading after the Holy Week (April 25-29).  Updated comments are in Blue (as of day 1 - April 25)

Will try to update this later, and see if my analyses have been correct. These are based on technical analysis.

Watchlist:
Immediate:
FDC - buy more at 4.91 - Stingy bid as the lowest price for the day is 5.02 (heavily weighted at 5.05). Closed at 5.07 (day 1)
MPI - buy if breakout from 5 mo. downtrend at 3.93 sell if 3.79 (nearing breakout level)
EDC - buy if breakout at 6.83.  Sell if bounce down.  SPT at 6.5(bounce from ST trendline support)
MA - buy 15k at 0.036 31% fib retracement after high volume - lowest was .037. maintain bid. closed at .039
URC - 36.13 madc uptrend and buy  - 37.2 (fib 38% from high); bought at 37.25, closed at 37.4 (day1) buy again if it exceeds 37.48. TP : 40
TA - buy at 1.3 (50% retracement and at support) 25k - lowest at 1.31 close at 1.34
AGI - SELL -   11.94 - day's high was only up to 11.92
MEG - breakout ascending triangle - 2.37 strong trend from DMI 25k (verify FA) - buy less than 2.41 strong DMI; TP: 2.54
RLC - breakout from 5 mo. downtrend.  buy at 13.38 (verify FA) - change buy at near SPT 13.04. channel to sideways at 13.96
LPZ - 5.75 breakout from previous high and after a flag. off to bullish DMI - opened at 5.84; close at 6.04.  weak dmi.  Just wait until it corrects to 5.78
FLI- breakout from 5 month downtrend. buy at 1.27 - buy at 1.3  - 1x risk. opened at 1.32 high at 1.35

Indifferent:
HLCM - buy at support at 12.62.  low volume though - Open and Close 13; highest at 13.4. sideways with RST at 13.85
CMT - buy if convincing volume/breakout. currently at ST support 1.64 - rising wedge leading to sideways.  must not break 1.62
BEL -  (sm owned 66%)  Casino project by end of year  - support for sideways  catch for falling knives at 5.31 RST at 6.11 - sideways at 5.32 to 6.12 (day 1 close at 5.67) buy at 5.47
PX - HOLD; sell if cross with 16SMA - sell if below 17.67, else LT TP at 19.42

Avoid:
LC- .524 -50% retracement - too high - revisit if at .56
LCB - .57 50% retracement - too high - revisit if near .64
SCC - down trend channel -revisit if near 230
ICT - 45.39 (still on a high) overbought - revisit if it reaches 47
SECB - revisit if it breakouts 98 

ORE - avoid - 5 mo downtrend

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