ChinaMinZhong
The Straits Times Index
The market is currently in the "risk on" environment. Both the Dow and STI are trading near the multi-years resistance. Both indices have shown signs of RSI bearish divergence. Unless both indices can decisively breakout from the resistance, the downside risk outweigh potential upside.
Locally, the upcoming budget 2013 on Feb 25 could be the only catalyst left for the index.
ChinaMinZhong
I started to advocate ChinaMinZhong when it was .79. It has since then risen to a recent high at 1.095 before retracing. I continued to believe that this counter has the potential to reach 1.15 then 1.30 in the mid term ( subject to market sentiment ).
Labels: Market Direction, Stock Pick
posted by Market Wizards @ February 12, 2013
