Swing Trade for 16-June-2006: No candidate
June 16, 2006 – 8:01 amGiven yesterday’s positive closing of STI and recent rally of U.S indices, I did a scan on my stock list for potential swing trade candidate. Few china counters appeared in rally with volume scan. However, none of them passed the directional and trend test for the time being and most of them are actually trading below 150 and 200 day moving average.
I would prefer to stay away from stocks market today and wait for more confirmations about this rally (or maybe , just a relief rally).
From the desk of Tradergav.com
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