I have missed the opportunity to short Wing Tai at 1.63 today (I do not know why, since the high was 1.64). Had to find another 2 shorting candidates.
Looked at Top 20, and found that Ezion and Straits Asia make good shorting candidates, at this juncture. Both stocks have broken below their 50-day MA.
Ezion
Bearish weekly engulfing, beginning of red parabolic SAR, price poised to break 23.6% Fibo
Sell 20 lots @ 0.70
Impt supports: 0.585, 0.49
TP1: 0.62
TP2: 0.52
Profit$2,600
Added advantage: It is a penny stock.
Straits Asia
Sell 6lots @ 1.95
Impt supports: 1.67, 1.46
TP1: 1. 72
TP2: 1.52
Profit$$2,130
Ezion would be the better candidate to short.
Monday, October 5, 2009
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