Market update :March 24th
Did a scan on today's stock.
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VRX - Showing Bullish Signal
As illustrated below. Planning to buy some stocks option and going for a calculated gamble. Wish me good luck! Weekly charrt showing bullish behavior. Riping soon I guess! Update on the VRX : Changed of CFO give an excuse for VRX to surge 7-8% overnight! My options that got in on Friday is up 50%. Looking beyond the 32.5 and hope Delta will get closer to 1 now! Test bar verified and confirmed...
Update On Sakari (1)
Below are some charts which shows the Dow Jones U.S. Coal Index Stock prices. Sakari share price, together with the Dow Jones Coal Index prices have taken a hit. Coal spot price seems to have a support at 200 USD. Other major U.S companies coal companies such as Peabody and Alpha Natural share prices are also on a declining trend as well. Coupled with slowing growth of China, which is a huge importer of coal, the outlook of Sakari does not seem to be as rosy as before. Just to take note as the Coal prices index that i am using is not the Indonesia Coal spot prices, but valuation As Coal prices seems to have rock bottom, it is best to avoid coal related companies at the moment. As Sakari is the only Coal company listed in SGX, investors can only gain exposure to coal related companies through them. Support/Resistance at 2.100 , 1.97-2.00 , 1.800 . Do take note at thes...
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