Good morning, i just read an article in CNBC about retail stocks in America hitting multi-year or even all time highs in ' http://www.cnbc.com/id/40262774 ', so i thought of looking at Singapore's retail stocks.
One retail stock that caught my eye is OSIM. Have a look at its 10yr weekly chart above. It tells an interesting story. Its all time high was at $2.10 in late 2006 and within 3 years, dropped to a mere $0.05 in early 2009. Since then, it has made a spectacular recovery and is trading at around $1.43 today.
Here is a look at OSIM's daily chart over one year. OSIM is now on a strong uptrend, with its prices consistently above its 200-day moving average line and trending quite close to its 50-day moving average line. A good entry point for this stock appears to be on a pull back to its 50-day moving average. For now, it appears to be powering its way to a strong finish in 2010.
No comments:
Post a Comment