Sunday, 8 December 2013

Stock to Watch 9 - 13 December


Trade cautiously since FOMC meeting is coming soon and market sentiment might cause retailer profit taking on next week.

GTRONIC

GTRONIC
GTRONIC is a strong uptrending stock and currently resisted  by 3.17.
The trading volume also has been reduced recently. Traders may watch for the 3.17 level to be cleared before it can move further north.
This stock is well supported by 50MA. Currently the stock seems rebound from 50MA after some retracement recently.

PRLEXUS

PRLEXUS
PRLEXUS just broke its resistance on 1.23 with high volume and currently resisted by its historical resistance 1.28.
However, if the 1.28 level can be cleared, the next level to watch is 1.66.

MAGNI

MAGNI
MAGNI is on uptrend currently and trading at all time high. High volume appeared on last trading volume.
Fibonacci projection shows that the next level to watch 2.65.

LATITUD
LATITUD
1.80 level now has been cleared and next level to watch is 2.12.
However, price has been spiked up 35.5% since last week. Trader might watch for price retracement for entry opportunity.

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