Watchlist 02/14/11

WATG (Wonder Auto Technology Inc.) formed a morning star. Indicators show it is oversold. Jumped in and looks good so far. Using trailing stops here. Can see a quick run to 7.03.

OCNF (OceanFreight Inc.) bounced off recent lows. Can trade easily above the 10sma. Looks like a buy. Indicators show it is oversold. It may base for a while, but this is a good low here. Buy on the dips. Check the 1year chart.

NEP (China North Petroleum Holdings LTD.) posted a harami, but confirmation strength is not there. Will watch for a move above Friday's high. There may be more downside so caution is advised.

JAG (Jaguar Mining Inc.) posted a bearish thrusting pattern. Watch for more weakness.

CAGC (China Agritech Inc.) looks like tweezer bottoms. RSI and Stochs look bullish. Posted a red candle on Friday, but 9.45 support held. Look for a dip to Thursdays low, 9.00, any dip below that may be extremely bearish.

APP (American Apparel Inc.) at the 10sma looks good since support held. Trading over 1.18 can run. MACD crossover RSI oversold.

AOI (Alliance One Intl Inc.) bullish engulfing pattern. RSI coming off oversold levels, Stochs about to crossover, MACD may reverse. May push to mid bollinger line. Looks cheap here. Friday was weak but lower bollinger held. Can reverse here for a quick gain.

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