Currently, the market talk is on the US “financial cliff” after President Obama is re-elected as US President. Despite the market uncertainty of the impact of this “financial cliff”, I still believe some form of quick and smart trading can be done. I have shortlisted 5 commodities and offshore marine stocks based on technical indicators which are of interest to me right now based on the stocks’ closing price as of 9 Nov 12:
a) Ezion stock: this stock has been market darling for many months now, defying my expectation as its stock price keeps going on the ascent. The stock is now entering into Positive MACD but what may prevent me from buying is the fear that the stock price may correct after going so high for so many months already.
b) IEV stock: this stock is related to offshore & Marine and after its ...
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