Patrick Stock Reading

Friday, March 31, 2006

STX-PO



since this chart was posted 31 march, the px had pullback to near its resistance at 0.89. It open high today and closed 2 cts down at 0.87. Stochastic is making a u-turn, if resistance is not vialated, expecting it to test the support again and if break, 0.79 will not be far way from sight, new low may be on it way.

therefore the deciding factor here is breaking the resistance at 0.89 with increase in volume and px or the reverse and cotinue it down trend. trade with care.

Tuesday, March 28, 2006

STX-PO



Not Vested, Confirmed H & S formation, heavy sell down on last friday and yesterday. It's gathering "power" for another jump, therefore, trader without no intention to carry this baby, beware hor..

Not an inducement to sell or buy. No vesting interest.

Friday, March 24, 2006

Rowsley

Currently, this counter is not actively trade, anyone getting into it is likely to hold this baby for a long long time. Unless you are willing to settle for a half cent gain, but that it may not come at all as mentioned above, it is not actively trade.

the group investment on Eagle Brand holding (may be due to one of the director, who happened to be a director for eagle brand and had convinced others to invest in Eagle Brand holding)and United Pulp and Paper Co. Limited, is not attractive too, however the group has on 1st September 2005 acquired D S M Co Ltd, a Mongolian company that carries on a licence to run lottery and internet sports betting businesses is a turn on. It launches it first scratch and win game on Jan 06 and I'm betting on it this casino play with a two years investing time frame. The group had former singapore pools director to oversee the operation at mongolia.

Hoping to get filled at 0.055 is definately not easy.

for more info. visit both site below.
http://www.rowsley.com
http://www.dsm.mn

for infor only, vesting interest.

Thursday, March 23, 2006

CapitaComm

Interesting, it throw back from it uptrend and had covered the gap where its had brokeout. tomorrow will be an interesting counter to watch.

Just can added chart. ??? tried so many times liao..., er... check your chart and do your homwwork huh.

Sembmar Update.

On 20/3 and 21/3 trading sessions, tweezer bottom formed, but it fail to reverse the down trend. The price trend lower instead to a low of 2.74 yesterday and today with another tweezer bottom formed. Indicator wise it is till not very impressive. Will the price trend lower to test another low? It is everybody guess. The next support is at 2.69 and resistance is at 2.81.

TA aside, on the assumption that CS analysis and had comparing it with Labroy, so depend on market sentiment believes -ive, don't delives +ive.

Friday, March 17, 2006

Sembmar

Sembmarine had retracted from it high at 3.06 to a low of 2.78 which is about 50% retractment from it high. If break 2.78 support, we might see the price to test the next support at 2.70 with another intermidiate support at 2.75. Rsistance is at 2.85, 2.90 and 2.94.

Let's guess the likely trend for tomorrow, the resistance it at 2.81 and support is 2.78. opening at 2.79 or 2.80, the chances for breaking the 2.81 and heading toward 2.85 is high. However, if open at 2.81 and 2.82 there is a cncern that the heavy selling might take palce, as such, if 2.78 support is violated, there is a concern that 2.75 might not be able to hold on strongly.

vested.

Thursday, March 16, 2006

Sinomem tech

Chart looking good li, today cheong above $0.765, which is the near term resistance, before closing at $0.755. Stochastics is turning up from the oversold zone. Other indicators are moving toward positive sign.

Search update and found a research paper at SGX site dated 15.03.06, by DMG (hope I got it right) reinitiats a buy call for this counter at $0.74 with a TP set at $0.93

working on average. May be could consider taking up position at $0.75 with a near term TP set at $0.79 and a cut lost set $0.72.

Have a profitable day huh!

Please do your homework, have vesting interest,so view may be very subjective. :)

Wednesday, March 15, 2006

China Petro Tech Update


It had trend up since my last posting, today it breakout from it resistance at 0.595 and reaches a high of 0.65 before retracted to trade at 0.635/0.64. ideal entry base on current trading is 0.625. Guess the next resistace is at 0.65 before testing 0.68 and 0.71. For support, it's likely to be at 0.595, 0.565 and 0.540.

Currently,overbrought zone and with the current breakout, it is time to monitor closely for exit.

Monday, March 13, 2006

UTAC


Last two sessions had a low of $0.89, it may not have any buy signal yet. Indicators seem to be making a turn for a better, candles looking better. volume is drying up too, it's definately looking better each days...

Wednesday, March 08, 2006

China Petro Tech



Often, it's rewarding to wait for a little longer. Gain may be slightly reduce, so as the risk. ;)

Tuesday, March 07, 2006

Star hub



Star hub, trend upward when most of the counter is going down. Closing at $2.20, breaking this resistance will see more upside to comes in the near term.

Sunday, March 05, 2006

CG Tech


Tweezer top formed as shown in the chart. $0.37 may be the resistance currently. There is a high possibility that the price will reverse tomorrow. However, given the strong bull run for the past three session there is a high possibitlity that this couter will continue to edge up slight tomorrow, with consideration that most indicators are ralatively strong and have yet to show sign of weakness.

Do note Stochastics had crossed 70% overbrought zone, although sell signal is yet to appear.

With strong bull sentiment, guess that the price will noly move down after the new high is tested follow by consolidation to establish a new "low" in consolidation before its continue to move upward.

Placing nearest support at $0.35, next support between $0.31/2. light "low" to be around $0.31/2.

personnal view. checked with your own source before trading.

with vesting interest.