Tuesday, 4 December 2007

Market Update - 04 Dec 2007

Market couldn't hold the rally from last week. All stocks which had a breakout last week are breaking down this week.

Market monitor is showing exteme caution.

DT Candidate for today
NOP - The share has rallied on following news

"Northern Petroleum's first independent report on its Giove discovery in the southern Adriatic Sea has indicated 19.67m barrels of probable oil reserves. "

It pulled back almost 35% from peak in last 65 days so may not be a good buy. Risky option.

No comments: