Technical rebound's opportunities don't come often. AEON and Parkson are showing potential to be good trades
AEON (6599)
RSI at 12 last week. RSI is going upwards towards 30 level. Tempting. MACD is going for bullish crossover.
With 7.8% potential profit. Risk : Reward ratio is 1:4.
PARKSON (5657)
A downtrending stock for the past 2 years. Risky. RSI was at 12 last week.
Most people is going to AEON or Parkson to shop?
FBMKLCI is at all time high. Lady Luck has never been with me when I bought with technical rebound strategy. I'm not buying the counters this time round.
Hopefully year 2014 brings us more good trades.
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