Monday, December 20, 2010

Got whipped!

The index seems to be still in a choppy mood. Hopefully, it would start to resume its uptrend by early next year as suggested by the RSI and ROC.

Got whipped hard in SMC as it finally got into the lower range of the offering at 150 while BEL produced mediocre result.

Sold BEL today at 3.98.
Bought MBT at 64.50 as the confirmation of the RSI buy signal was relatively strong.

Still looking to trade stocks with momentum until the year ends!