Rotational stock play

As envisaged in my earlier blogs the market has started its rounds of rotational plays in earnest..Water
based stocks led by Puncak led the pack for the first session but tapered off by afternoon..presumably
the catalyst may have been the perceived shortage of treated water in Selangor and the need for a meaningful resolution .The afternoon session was more towards the infrastructure based stocks like WCT and its warrants. O n G counters generally took a breather except for Pantech with an "energy boost " from a leading research house upgrading its target price. The other main beneficiary of a price target upgrade was Myeg. As always those who have been doing their homework by following market news ,bid pattern and technical charts and acted quickly and decisively were the big winners .

Trend or momentum traders could have moved in and out with respectable gains. Conversely late comers or apprehensive players either went in too late and hence buying at peak prices or missed out on arbitrage opportunities altogether.

If current sentiments hold,  laggard sectors may be the next and the favourites like O n G counters may
return with a second wave especially those backed by positive news flows eg contracts...Those with flag formation during the contra period may provide a "hint ' of further upside...

Happy trading

By the way, dont forget  to attend my free talk tomorrow on my proven trading technique. Details are as follows;

Topic: Price Action Technique
Date ; Jan .10 ,2013
Time : 8 to 10 pm
Place Damansara Intan ( next to Tropicana Mall near SS 2 )

Those keen can contact Julie at 012-2009389 or email me at chrischoo007@gmail.com

Thank you

Chris Choo