Thursday(Jan 13, 2011)--Market is still at the lower liners

The market is still concentrating on the lower liners. Look at today top 10 counters， namely Kbunai(3115),Compugt(5037),Daya(0091),Bornoil(7036),Saag(9652),
Tebrau(1589),Scomi(7158),HWGB(9601),Ramunia(7206)and Mixbiz(9733).

Kbunai, Daya, Bornoil, Tebrau, Scomi, HWGB and Ramunia came into my explorer list.

Explorer is a important feature in Meta Stock where you need to spend a few minutes to scan thru 2000 counters and pick up potential stocks. It is just amazing. However, you need to put in proper formulae.

I don't like stock that are too hot. I am still watching Salcon(8567), Ynhprop(3158),Redtone(0032), Takaso(7071.

I put Dufu(7233) back in to my watch list because it came out in the 6 day moving average explorer's list.

At 12:12pm, Salcon is price at 0.725. It dropped to 0.715 and came back to 0.73 at one time. I think someone is watching this stock because there were a lot of buyers at 0.715 which is a strong support.

Takaso was quite cold this morning. At 12:20 pm, it is priced at 0.375. It came back to my 6 day moving average list today. Yesterday candle stick chart showed white candle, bullish sign. 14 day RSI also turned up recorded at 47.82.

Someone is still collecting at this level.

Ynhprop is priced at 1.79 at 12:30pm. Someone is playing this stock because there were heavy trading at 10:16 am. It seems to me that some players are doing a roll over at 1.70, 1.71, 1.72 and 1.73.

You need to trade this stock or you need to buy and keep and wait for the right price to dispose. It is your choice.

Redtone is priced at 0.21 at 12:30pm. All the penny stocks are moving. This one may be next in line.

Redtone's recent high was 0.24 at Nov 4, 2010. After 38 trading days of correction, it started to show a reversal sign on Jan 3, 2011.

If you were to buy 100,000 shares at 0.21 and sell at 0.22, you could make RM 684.10 or if you hold a little longer to wait for the 0.24 to appear, you could make RM 2669.50. Can you take this risk? Think of the risk first, don't think of the gain.

Dufu is priced at 0.45 at 12:30pm. Today's low is 0.44 and the high is 0.455. It might challenged the high of 0.485 achieved on Nov 8, 2010.

14 day RSI is recorded at 62.49 and is still heading upwards yesterday.