Happy CNY 2011 - Rabbit yr..full speed ahead

CNY today...yesterday bursa half day till 12.30 only..closed early for makan besar...today public holiday ler...

based on strong closed yesterday...market seems like poised for a 'spring' start after CNY is over...and i assume stronger after Cap Go Meh...hungry ghost = hungry traders/investors... :)

hoping...slps CNY holiday still got time to accumulate cheap..as most counters has shown signs of moving up...

prior to CNY..penny stocks dominate majority active list...keep watching these penny stocks...

1. HWGB (tin mining) ~> 0.905
2. Jotech (metal press and diversified) ~> 0.145
3. Saag (O&G engineering) ~> 0.130

Basing on just TA...
1. HWGB... alredi rocketed...wait for consolidation if want to enter...
2. Jotech...first peak done...consolidate then rebounded...and now broke ceiling 0.14...closed at 0.145 yesterday...with stronger volume, stronger price upward movemnt seen...cup and handle formation...but big question is....wat the TP??? how far can it go???
3. Saag...is making a huge comeback from bottom....bottom sealed at 0.09...rocketted to touch first peak 0.15 before consolidate to 0.12...but yesterday closed at 0.13 with stronger buying volume...also noted cup and handle formation...

Basing on just TA again...if i got 10K of capital...i might go for Jotech (50%) and Saag (50%) on a few reasons...
1. Increasing Volume and Price (for the past 3 days)...might want to wait for 2 more days after CNY to see the trend (but it might be too late to enter by then?)...
2. Both had formed 1st peak....just finished consolidation and rebounding up...to reach 2nd peak (donno where)...so until 2nd peak is formed still got the upward potential...
3. RSI still not in overbought..MACD looks bullish...
4. No signs of 'Game Over' yet for these 2 counters...

Commodity (metal, coal & crude oil) is on the rise at the moment...so potential is there...but....do remember this is more of a TECHNICAL PLAY...so
1. Quick in and Quick out...
2. Set Cutloss...
3. Watchout for sudden SELLOUT...

Again..Happy CNY...enjoy ur holidays...

**Reminder: this is not suggesting tat the readers should buy the above counters...do watchout for the risks involved...risiko sendirian berhad...