The following stocks are facing a bearish GVN condition ;
(Gap, huge increase in Volume, and high impact News)
1)Monster Worldwide Inc Com ( MWW ) ; Closed an early gap (from early Nov).
2) Glaxosmithkline Plc ( GSK )
3) Tata Motors Ltd ( TTM ) ; Bearish pattern seen in most Indian stocks.
4) Wisdomtree Trust India ( EPI ).
5) Turkcell ( TKC ) ; Turkey's main cell phone giant.
6) Ishares Inc MSCI Turkey FD ( TUR ) ; Egypt spill over ?
7) Cnooc Ltd Ads ( CEO )
8) Ishares South Africa ( EZA )
9) Thoratec Corporation ( THOR ) ; Deadly pattern, multiple gaps !!
10) Digital River ( DRIV )
Pay attention to these stocks next week
Again ....... What's wrong with India ???
1 comment:
Moise:
Indian stocks are the most expensive from BRIC countries. They trade at 22PE whereas rest are between 12-16PE. Foriegn Insitutional Investors have been net sellers in Jan 2011. Primary concern is inflation with the central bank (RBI) increasing ReserveRates for the 7th time in 6 months.
The silver lining is that the Indian fiscal year ends on March 31st and the govt budget comes out in the first fortnight of March--which traditionally have been triggers for a rally leading into April results. HDB and IBN are banking stocks which should reap the benefit of increased rates.
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