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Tuesday, April 16, 2013

Long Candidates

I have picked two potential upside move stocks under two different buy technique:

1. Breakout Play: AscottREIT, closed at 1.445 today. It broke above its major resistance (since mar 2008) 1.415 with high volume today. Plenty of room to upside.

2.  Bottom fishing play: Bumitama, closed at 1.015 today. It's major 50% fib level at 1.02( with reference to all high to low). It also at its major classical support line 1.015. Plenty of room to upside too.

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