We just published an article on Tuesday suggesting that Shanda Interactive will come back very strong " Shanda down 20% in two weeks. What's next? " and the stock rallied 11.9% the next day. Good call? You bet. The same analysis found that Shanda's rally gives you 16% return on average, so it looks as if you have already gained or missed most of it yesterday.
Another call we made was China Telecom (CHA: Quote, Profile, Research) (0728.HK: Quote, Profile , Research). In the last three Overbought/Oversold reports we pointed out that the stock is oversold and with institutional interest on its back, expect CHA to rally. China Telecom advanced 5.58% on Wednesday but again, there is more to come. Based on the OBOS indicator () CHA is not overbought and is trading still within its trading envelope. This means the stock has more room to go.
We like Baidu.com Inc. (BIDU: Quote Profile Research) for number of reasons and have been making comments on the stock every other day - see OBOS and Pre-Market reports. With a $10.51 jump on Wednesday, the stock is still reasonable - see current Overbought/Oversold report within "Technical Analysis" page.
Sinopec Corp (0386.HK: Quote, Profile , Research)(SNP: Quote, Profile, Research) (600028.SS: Quote, Profile , Research) is another stock you want to take a look at. The stock advanced 2.6% yesterday to $72.64 but based on the last three OBOS reports, the stock is still oversold and is ready to continue sneaking higher.
Yanzhou Coal (1171.HK: Quote, Profile , Research) (YZC: Quote, Profile , Research) is another stock that you want to keep in your radar screen. We've been following institutional investors in Hong Kong and noticed an unusual high volume there. Institutions bet on Yanzhou Coal It gives us an impression that something is happening and just keep your eyes open. YZC is another hot cookie at $12.68 on Wednesday.
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