The global market rebound strongly last Thursday after ECB chief Mario Draghi hinted that new stimulus may be forthcoming at the central bank meeting in March. There are also expectation that the central bank of Japan may ease further at this Friday meeting.
Now is a good time to hunt for fundamentally good battered stock to go long as the central banks are out to support the market again after a sell down.
Innovalues is one of my cash cows for the past 2 years. It is one of the strongest stock that is not affected by the atrocious selling in the last 3 weeks. It has rested for two and a half month and seem poised to run again.
Watch for it!
Buy only @ 0.82
Stop loss @ 0.76