Posts Tagged ‘pacific basin’

HK Stock Picks Dec. 2

Monday, December 1, 2008 21:52 No Comments

Orient Overseas (316 HK)
 
This shipping stock has been consolidating in a tight range between 11.75 and 12.50 for the past 7 days after falling from 13.25 last two weeks ago. With the change in sentiment and the increase in volume as well as the divergences seen in MACD and RSI, this stock can finally wake [...]

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Stock Pick: HK Market

Thursday, November 27, 2008 23:15 No Comments

 
2343 HK (Pacific Basin)

Support: 2.90
Resistance: 3.60/3.95
Preferred Entry: 3.00 or lower
 

 

Stock is in a consolidation mode in a range between 2.90 to 3.20. Volume continues to be strong. Buy on point of breakout (3.21) or anticipate the move by buying near support levels (3.00 below).
 

 

The daily chart is anticipating a breakout with a target of [...]

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