Wednesday, April 28, 2010
Homework - 28 April 2010 (for trading day 30 April)
Lessons from previous day's homework:
Don't fight the trend.
Homework Proper:
Capitaland - To buy on volume and price pick up; reference from 08/02/10 (CP: $3.75, Vol: 25,500, VPH: 3,923, ATR: 7)
Cosco Corp - To short after morning spike in price; reference from this morning's intraday (CP: $1.70, Vol: 33,000, VPH: 5,077, ATR: 6)
Ezra - To buy on volume and price pick up (CP: $2.10, Vol: 8,410, VPH: 1,294, ATR: 7)
IndoAgri - To buy on volume spike; Force near or equal to zero (CP: $2.41, Vol: 5,110, VPH: 786, ATR: 8)
NOL - To short following exhaustion (CP: $2.15, Vol: 14,800, VPH: 2,277, ATR: 7
Olam - To short following exhaustion (CP: $2.61, Vol: 7,200, VPH: 1,108, ATR: 6)
StraitsAsia - To short after morning spike in price (CP: $2.04, Vol: 15,700, VPH: 2,415, ATR: 6)
Yanlord - To short after morning spike in price (CP: $1.63, Vol: 11,200, VPH: 1,723, ATR: 5)
PS: There are a few buys even after yesterday's lessons... How will this turn out? Addon: Shifu Ang informed me of a "when Force is near or equal to zero for all less the long term, the resultant run will be perfect, example from the recent Cosco Corp explosion. I've identified IndoAgri for a potential one, so let's see if it's a good call.
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