Opportunist series: Stocks for 19-June-2006 onwards
June 18, 2006 – 4:04 pmThis opportunist series is to capture stocks which experience extreme bearish sentiment and starts rally. Tight stop loss is implemented as broad market sentiment and trend remains bearish.
I have found some counters for agressive trading style to capitalise in the rebound rally in the existing downtrend. Almost all of the stocks I have found are in down trend and negative sentiment. However, some of them are rebounding after reached extreme bearish sentiment.
There are quite a few counters captured , however, most of them are trading near major resistance and Reward/Risk ratio less than 1. I have excluded them from consideration.
I am watching at Star Pham, Midas and Statchipac.
From the desk of Tradergav.com
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