Showing posts with label STX OSV. Show all posts
Showing posts with label STX OSV. Show all posts

Tuesday, 8 January 2013

STX OSV

STX OSV

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I spotted this yesterday at 1.325 (before it closed at 1.34). Didn't manage to buy as i hesitated too long since i was still expecting to see a STI correction in the coming days. It has a nice bullish divergence between price and the various indicators. The first target for this rebound should be around 140-145. Don't think it will go below 122 since that was the M&A transacted price.

Some of my previous recommendations (such as Noble, Capital Retail China, Sembcorp Marine, Sembcorp Industries) have hit their second targets so you either take profit or remember to put trailing stops to them.

Happy trading.

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