Patrick Stock Reading

YangziJiang

2011-07-29T15:48:00.003+08:00

Yangzijang had bottom at 1.23 and had since reverse from it downtrend. it touches its high at 1.46 in two weeks and had since pull back from rally and trading within the range of 1.41 to 1.45, this is a positive sign. Current resistance level is at 1.51.

Now waiting for the next breakout, CMF is Bullish Divergence and RSI is positive too.

Guess I could seat back and relax. gamble payoff.

No entrance fee at STI casino! oops!! just kidding..

Good luck.

SIA

2011-07-29T12:50:00.002+08:00

SIA, profit drop 82% and it is expecting coming month travel booking to remain "steady". Is SIA trying to tell us not to expect significant profit this year? With high fuel price, challenging and uncertain economic market such as US and Europe, "investors/trader" should be careful on placing their bet. Not forgetting tiger air will be contributing the bleeding every single day till the ban is lifted. Even if the ban is lifted, the damage might have already done.

thinking aloud buy/sell at your own risk. remembered I'm gambler.

City Spring

2011-07-26T13:03:00.001+08:00

I do not read FA nor TA on this counter. I strongly belives (gut feeling) that this counter is going to be underwater, immediately after its right issue. Somehow I still went into one of it thread and cheer it.

OK, a quick look at the chart, Macd look positive (crossover), but it is not strong leh, one thing for sure weak volume. I think without it the price will not move much. If I didn't read wrongly, Temasek is still holding this counter. It is a concern because history may repeat itself.

If I had brought this counter, I will be actively monitoring it to sell even my profit is only 1$.

not vested

Fragrance

2011-06-24T13:34:00.002+08:00

Fragrance actually help me to coverback much of my losses. think i was lucky due to many BI over the year. and taking regular little profit as and when my target were reached. Of course the overall environment help over the years...

- flooding of FT
- speculation of ppty mkt
- MBT die die just wayang on ppty mkt, refuse to increase supply, if my stafs do that, sure kanna warming and eventually fired.

One old timer siad, not exact word, if need to cut lost, cut it! Invest on other stock which will bring in profit to recover those losses and please learn from your mistake. Well I did, but somehow i still make same mistake occassionally, weak mind i have.

She also mentioned that a counter is heading south, it will continue to head south. no amount of averaging down is going to help one to recover. Because any bad news (related or not) will cause it to slide even deeper untill it turned into half cent stock. I think STI have many of these stocks (I didn't check), sometime i really think that the BB is controlling it. if I brought one of those counter, chances are i will be trapped forever.

It is usually reminded here (Mkt talk in channelnewsasia)that doing homework is important before buying (these days not often), the minimum one should do if it is too heavy of a task for FA, work on TA. Self learning is not going to work and chances are many are likely to fail on TA not to mentioned FA, like I did, of course there are people out there capable of doing it on their own.

OK being a failure who am I to give advice. Please do not think such becasue I'm just sharing.

My long term Investing strategy

2011-03-23T15:52:00.004+08:00

I had purchase two counters of stocks from hear say and it lead to paper lost of 90% of it purchase value within a short period of time...since then I'd stop my purchasing with hear saying. No I'm not good in stock picking, in fact I'm struggling to understand what the hell are they(number and figure) is trying to tell me. Somehow I just can't associate it with the business transaction or whatever it is trying to associate with, thus I ditch it.

Then I look for company with strong cash flow and Micro mechanic is one that I manage to fine. I don't look at the figure, all I saw then was in one of those expert analysis form SGX state it have a strong cash flow and I brought it. After holding for more then a year, I unload about 80% of my holding with a little profit and the balance was left unattended till now. There are two more counters that I'd applied the same stategy. one of the counter my cost is standing of at 0.0273 or 6.5% of the current market price. I will off load 3/4 of my my new purchase when I gain alittle profit because balance are just profit that I do not realise and it may bring more reward then I could asked for of course the opposite (depleted profit) my be truth too. However this is not a concern because I have lock in tiny profit with all my capital in my pocket ready to reinvest or buying the same counter again.

Another gambling sessions

2010-12-07T17:32:00.002+08:00

This time on YZJ. brought at 2.01, of course checked the chart and it suggested there are some room for upside movement of price. Though of a quick fix, turn out to be a long hual. Two days later it when down and 14 days later to a low of 1.76, I was thinking of averaging down then to prevent cutting lost, just in case if tomorrow price continue to lower.

Luckily, next day the sessions ended with a higher high and higher low. Sigh... can continue to hold on to it... Let see if it will reach my TP. Going long...

Cosco Corp

2010-11-10T10:05:00.003+08:00

Hand itchy, brought the same counter again, timing not good, chart indicated it over brought and it is likely to go down..sigh hold loh... 6mths later...till Monday,

although think it may have alittle more upside on tueday, but better be on the safe side... sold at 2.06

on Tueday see see look look...it reached a high of 2.18 and close at 2.16. no problem $ back to my pocket liao

win on gambling again

Trading

2010-04-26T17:24:00.002+08:00

I was looking at Cosco Corp last week, log into the forum and there were many people discussing about the fund getting out of Genting and buying into Cosco... Quickly I monitor the time and sale of two days before I jump into it. It is a concern to buy now because the trend it not on my side and a high chance that the price is likely to go down...

OK, let push my luck, buy Q at 1.77 just day before XD (filledin the morning) . Closely monitoring it and in the morning it session ended with 1.81 or 1.82 (can't quite recalled) I was telling myself then I'm going to sell at 1.84 and will monitor it closely in the afternoon session. It was kind of relived for me to see that it was trading between 1.82 -1.83 and a large transaction on going on seller price (still I'm concern about the market might turn again me, thus I'm all ready to settle for less...)

Well, luck is on my side shortly after keying in my order it was filled. the rest is history. OK, this is gambling, not encourage.

Averaging Down

2010-02-19T17:43:00.005+08:00

I was told.., maybe not... I read somewhere that averaging down may not be a good ideal, Without giving much though to it then, I took all of it at it face value. - "Don't catch a falling knife!" Well the author it right! Why bother to catch it, if you miss it you don't gain a bit and if you manage to catch it, you might cut yourself, why bother? Beside the gain may not be significant at all.

Now, I defer from that though and I trust that many would agreed, it depend on you objective in term of your investment time frame; whether you're a day trader or a long term investor. So did the author gives out the wrong information then. I thinks may be not, it is just that he is speaking from the day trader view that he may have not specify. OR did he may have mentioned it in the front few pages that I had missed it totally?

Somehow, I felt that it will be nice if the author could specificially remind reader that the time frame is one consideration if they are averaging down. For now, I'm much awared of my objective, thus it is not a concern whether I'm averaging down or up.

The key issue consideration is are we catching the knife for long term investment or for short term gain.

The above is not an advice, if you are looking for advice please speak to the professional.

continue to trade downward

2008-10-14T14:38:00.002+08:00

remembered once, i asked a forumer, why did you buy and cut losses as soon as you brought it. his reasoning is not clear to me. What i did know is he brought it at high and sold as soon as the counter "tank".

Now, with so much less confident in the market, some may wonder why others are selling and buying in the bear market. if you have the answer, do share.

the rationale for doing that, is they are keep their capital at it optimium level as best as they could possible did. they'll profit eventually, but that is only possible when the market turn around.

how, I'll left it to your to figure it out, sorry.

Bank: DBS, UOB, OCBC

2008-09-11T11:25:00.004+08:00

It was reported by Reuters that Singapore banks are likely to be in the spotlight today due to the downgrade of rating by Merrill Lynch of our local Banks.

Reason given was our property market is in "protracted downturn", and expecting a slower economic growth, hence it will have an impact on 2009 profit of our local bank. DBS and OCDC was rated underperform and UOB rated Neutral. Target price were being lower for all three local Banks.

For many of us who is dieing for a pc of share for the bank, guess it is times to closely monitor the price movement of our three Big Banks. Of course you must do some homework, and before jumping in, have your entry price set.

Flankly, I do thinks that our property market have being holding on too long to stay above water. Is the demand is as high as expected? I don't really think so. So Why and what causes the buying spree? My best guess is people are not waiting because of fear that the price will continue to raise higher and higher. However, once this group of buyer (generally from local) are gone, the "seller", well hold on the your bady till the next up turn on those highly over price houses. hm.. guess the next down turn is on it way as the day goes by...

Oh.. I'm not train and no pro or guru, OK. read for fun and forget it.

oil price $120

2008-04-30T15:25:00.003+08:00

I once told my manager, somewhere during March 08 or earlier. Oil price will continue to increase and it is likely to be around $120 lastest by June 08. How the hell I know, I don't know, flankly, it is just that some guru mentioned abut the possibility of oil will reach that level, and I merely informing the manager the cost of running our own transportation will be going to be expensive if the guru analysis came truth. D he received the message, maybe not, or may be he is powerless against the management.

there was an article about increasing cost in the logistics done by a professor in hong kong. I was half year late when reading it, and it is about 5 to 6 years back. in the article, it mentioned about higher cost of operation in the industry, mainly due to investment in technology, automated equipments, wages increases, competitior pricing, little or no trade barrier (for new comers) and the possibility of higer oil price. Can't recalled what he had suggested, generally, combines of resources, multi-tasking, paperless operation, and automate processes, better CS and outsourcing, use of internet... etc

are we there yet...???

I was taking charge of transportation then, and outsourced it, maybe I'm ahead of time and management don't see the impact of raising cost. it was reverse back after me transferred out for a year or two. they saw the cost increases sinces 2005 $45 to $70, $80 and now >US110. There is no sign of weakening as least for short term. If we were just to consider the needs of developing country, example china, india, russia isn't it good enough to conclude that the oil price will continue its rally....said US$180.00 per barrel or maybe US$200.00.

I'm no pro, so don't marked my words, merely just guessing.

Cpl

2008-04-19T19:05:00.002+08:00

Still monitoring on cpl, basically to recovered those losses, not much actually, but I would like to see my $ back. I didn't monitor it for months, because I believes than that it will returned to it high and beyond. However, this those seems to be. When oneway doesn't seem to work, it good to look for another that will work.

It just another fews 10cents before I break even and into the black again. For this counter, I shall said I'm just lazy no home work on FA totally. just takes a look on TA using only MA and sto. for buy and sell. at time may be MCAD. of course with some consideration of sentiment, generally market movement and lots of talking to myself. I 'll be selling it and buying it again when time is right after the sale. As for the CD... I may just ignore it.

vested, please do your homework, because my view is definately different from your.

loss cutting con`t

2008-04-15T17:56:00.003+08:00

Was lucky to`be able to buy back those share i sold, because the order was placed at last mintues and it was just one bit above the intraday low. Did`t expect to be filled but it did. Well, don`t know why, think that ther "bull" and "bear" is having a tug of war. whatever it is, just benefit from the selldown; losses so far had considerably recovered to almost 50% , still far from beakeven, but at least am recovering and still working on thes two lots that is in the red

buy 8.25
sold 6.91
buy 6.24
on those holding that is in trhe green zone...nothing much to talk about it. forget it.

Cutting Losses Con`t

2008-04-10T17:37:00.002+08:00

As expected, the price continue to trend down sine my last posting. Generally, it seem to me that the trend will continue tomorrow, some how a little unsure, it seem that there is an invisible hand trying to keep the price up. On closing bell, the match was five bit up on last traded price. Have to monitor closely, don`t wish to miss the sudden reversal, may it will not happen at all and continue it down trending, which is what i hope to see and so that i could execute what i had planned on friday or next week ...buying back what i had sold

Cutting Losses

2008-04-08T17:42:00.003+08:00

This is my beloved counter, my last purchase was at its high, very high... Overall, still profiting, but with my last purchase, it reduces those profit significantly.

Last week, decided to realised parts of the losses on this counter (my last purchase) and to load it again when it goes down. Started monitoring and guess luck is on my side, open the chart and the frist thing I saw is the counter was over brought... (though not an expert) genreally, it tells that the counter is likely to go down, now this is betting...I bet that the price will continue to trend up althrough it was largely overbrought, this is with consideration of the market news saying that the overall sentiment is returning and that the negative news have little effect on retail investor because most of the bad news have been factored into the price of most counters.

I held back my selling untill yesterday...It was sold at a high price I though, but the price continue to rallied another 9 cents when the closing bell rung.

ok loh...who can predict right? pick up my calculator and started to work on the price I should be buying. got it.

Was monitoring closely today, it crosses my mind in the morning that I shouoldn't be too worried about it due to the overbrought show on it chart, but just felt uncomfortable about not monitoring it, it went down 0.31 cents today.

Not to sobo myself, start to plot on the chart and found 3 supporting line if all support lines were to be broken I would be very happy because it means that my losses is narrow to only a couple of hundred. With my buying after it broke all supporting line, I'll be on my way to breakeven shortly and into the profitting zone.

I should do this earlier, wondering why I'm not doing it?

Sunshine

2008-03-05T12:28:00.002+08:00

Have been mointoring this counter for two days, the trading is getting thin... . Well read up a little on it future plan and it is in a buying/merging mood (hope i didn`t read them wrongly).

Anyway, guess many peoples must have been badly burned by this counter as it came falling from its high at 0.55 on Oct 07 to its lowest on Jan 08 at around 0.145 to the current price at 0.175 - 0.170; likely to be first supporting level.Next level of support is at 0.145 will this be tested as well and going on to test new low before it long waited rally? or maybe not just crab movement.

Monitoring......

Long Term View Needed

2008-02-28T21:54:00.002+08:00

Three months into the new year, what we saw are most of our holding being beaten to it lowest. Not to bad for the blue chip as they are recovering.... but this do not apply to peeny stocks. For once, I must admit, I held two counters that was beaten down so badly that there is no sight of recovery..... sigh...

Averaging down may seem to be my solution but with so much uncertainty, subprime, possible US recession, high inflation, high oil price....,

Have to relook at these two counter serioulys, if it is promising than averaging down may be the best option as I'm preparing to hold for a period of three to five years long term investment . However, if it is not as promising, it will be better to realise that lost and look elsewhere for I need to grow my $ not sink it into some cmpany that is not performing.

For those counter that I have yet to lay my hand on, with an investing period of three to five year, it may be good to start loading bit by bit...of cause blue chip is in favour, but not forgeting those promising stock that relate to energy as well as defensive stock and eductional is not to be miss to.

happy investing

Defensive trading

2008-01-30T11:24:00.000+08:00

This is not a recommendation, don`t be bother by it, it`s just my view.

With so much uncertainty in the market today stocks price are going south bit by bit daily. It`s time to find some safety to fight another day. Some may had exit their position by now with $ in hand (bank), others may be waiting....

i`m off loading and shifting to dividen play while waiting out for a much steady market. one aspect that i set for divden play is it must be a blue chip with high per share value, strong cash flow and steady profitability.

trans and comm counters and GIC link company is where i`m searching for my dividen play. once in position, guess i could stay away from the market for a long long time, and waiting for the market to turn bullish again. oops, did i said bullish...., personnally, think the bear is yet to be in control... but hey! it is better to be safe rite? So what`s the problem? happy trading.

one year liao

2007-08-02T02:05:00.000+08:00

since my last posting, aleady one year liao, may consider some posting if i find the time.

happy trading

China essen

2006-08-01T10:31:00.000+08:00

This counter seems to have a inverted H & S formation.

Looking at the volume, it is suggesting that there are some selling down, but average volume is rather thin. If the price moves with an average volume of said 10mls or more, it may requires some attention for a "quick fix" ;p

Guess many experience traders will be watching closely for a breakout. Others may be loading up or had already loaded up during the slight dip to it support and waiting at the sideline.

do your own homework and happy trading.

Big fish, small fish,

2006-07-27T11:47:00.000+08:00

Was monitoring a counter this morning, once the trading started, the volume is practically low and seems to me that there’s hardly any trading and the price seems to stay flat. This continues for more than half hour or more, all of a sudden price moves with increase volume.

Once this happened, many sell order suddenly appeared. The buying seems to be strong and fast, and within second, the price up by three bids, but the buying interest didn’t seems to last, but this is not true to the selling order as it continues to increases.

Moment later saw people start selling at one bids lower from the intraday high and more sell order coming in. Well the buying started and in between saw some big volume being pick up...

I wonder…

War

2006-07-17T14:49:00.000+08:00

Read the news about the war, and well monday comes and as expected market went down. sigh... s.....

no eye see.. go shooting better...

Full time trader

2006-07-05T10:11:00.000+08:00

Read it in cna forum, but didn't quite follows it posting, saw the title this morning and pondering. Main points such as skills, knoweldge, guts, emotions couple with examples to highlight the important of having these fundamental and benefits for all. To me, it is quite well covered.

However, don't quite agreed with the "greed" in us. To be a full time trader, beside some basic needs plus abilities to long as well as shorting stock/ stocks with some others trading instructments. One must

- be greedy

Be greedy? hm, my view, when we buy into strength (at new high price, thinking of selling higher) some one is selling. Question is, did they think of leaving some for others? Guess this is not true, all they knew is making as much as possible, they going to squeeze us dry, if they could and personnally I don't believes they're going to leave some for us.

Therefore, be as greedy as you possibly wanted. If you greed is one cent, or even 50 cents go for it, but if the overall market said they are not giving that one or 50 cents now, don't argue and take what they're willing to give and go.

Shooting

2006-07-03T18:16:00.000+08:00

Have been happily shooting at target since the begining of world cup, instead of monitoring the market. oops!!!

I'm either indoor or outdoor shooting... arrows... damn .... enjoying it...almost everyday, load arrow, aim, release and follow through.

I started with a 24# bow and now pulling a 28# bow. releasing about 100 arrows in an hours or two is no joke, finger, arm and shoulder is aching all over and a little on my back.

Archery? Yes! a sport for all. Physically, quite tough on muscular endurance, but it's secondary to me as I'm enjoying it and will be building it. Archery needs concentration and coordination between eye, arm, finger, and mind. Slight distraction equal poor result. It's also all about acheiving "personal best" and I'm working on it.

Started with a 5m as beginner in early June, by end of June, had acheive nice group at 9m and now am working on my 18m grouping... hope I got it by the first week of July. Market wise, can wait.

Happy trading for those playing in the market.

Rate hike expected

2006-06-29T11:56:00.000+08:00

Extract: Federal Reserve policy-makers started a two day meeting yesterday. Markets is expecting a quarter percent point rise to 5.25 percent. However, Washington (reuters) reported that interest rate futures indicate a small chance of half points rasie.

On a poistive note, some analysts pointed out the Fed has ended several previous rate hike cycles with increases of that scale. But it had also highlighted that there is clear evidence of a slowing economy, and many economists believe the odds of a half point boost are slim. They are likely to focus on language use in the policy statement to express concern over inflation. If so, another hike is likely to on the card.

Okay, the expert are telling us, it is likely to be 0.25 rate hike and another on August due to concern over inflation. On the other hand, half point rate hike have a slim chance too, some analyst thinks it is good, as it may be an end to the rate hike cycle where many rate hike ended in such a scale previously.

Now what? may be @
0.25 market is expecting - so there are selling but may not be strong
0.50 market may dump, but since many rate hike ended at 0.50 increase previously, it may be good to monitor closely for some quality buying.

what will I do? Don't know leh... oops!!! ;P

Averaging down? sellng at lost?

2006-06-17T22:37:00.000+08:00

When some asked, can average down? My reply to them is I discourage averaging down as we do not know how low is low and that's my only reason.

What if, I cut my lost when I was wrong about the price and buy back the same number of shares at a lower price, is this another way of averaging down... I asked myself. I don't know you judge for yourself using the example below:

Buy ABC 10 lots @ 0.945 = $9482.99
Sell 10 lots @ 0.760 = $7573.47
Realised Profit and lost = -$1909.53
Buy back 10 lots @0.750 = $7526.81
Diff. +/- from buy back = $47.28
Net loss = -$1862.25
Aveage unit cost/share = $0.85049

I may need to sell when price is up slightly and buy again when it's down to further average down. The question is; It's worth the trouble? What if immediately after my selling the price start to move? That's the risk!

Kind of funny right? why not cut lost, instead of having a funny way of averaging down. Let 's put it this way it present a way for mistake correction, and for trade with a long term view.
As to cut lost - it is more for a new trade for day trading or contra.

For some, may be I speak for myself, I may not be willing to sell my lost making stock. The above present another alternative for me to recoup my losses. Frankly, once a loss making stock is sold, chances of buying it back is rather slim. I know, because I tried it; buying and selling within a price range, I stop after one round. Reason: It is a long process ....

Each to your own decision.

Happy averaging

SembMarine

2006-06-14T13:25:00.000+08:00

There are some buy call for this counter. Well, not a bad call from my point of view, at least this stock have an "inflated" (comfirmed) order book and a clear predictable earning for all to see, any additional order will definately strengthen it, thus reasonable and it could be a defensive stock.

TA alone, it seem to me there is some selling going on for the pasted days and it is quite uniform. To put it squarely, may be some bigfish is selling or pushing the price down. The last three sessions had causes the price to trade below 100days MA. Near term support at 2.58, if this level is broken, I will be a little concern of the downward pressure and will be monitoring closelybetween 2.00 - 2.58 ;P

Happy Investing. :D

TA skill Review?

2006-06-09T10:21:00.000+08:00

The current down turn in the board market has causes many to lost much in the market, and I'm not spared. While I was thinking of shorting, I did nothing. This reminded me when I posted STX PO about it possible downtrend in the pasted.

Will I go into shorting? What is my objective? Forget it, I have myself to blame for not doing what I needs to do.

Visited a few forums and saw some posting about the uselessness of TA when the market is trending down. I'm not sure how true it is?

Read about canslim, the author highlighted that joining the stock maket without the knowledge and ability to analyze a chart is as good as a blind walking in the street without a walking stick. Tosing our chart in thrash bin.., well we might need to reconsider...

Generally, chart are loaded with information (price, volume), indicators (MA, Stochasitcs, RSI, MACD, etc). Ability to read chart pattern will assist us to guess the most likely direction. Yes, I have to agree that it's not fool prove.

In charting, additional tools was added to help us in identify support, resistance, draw trendline for our own alert of possible breakout/breakdown. We may be able to identify the macro trend of a stock whether it is rally distributing, down trending or accumulating. Some charting tool comes with a screening (stock selection) and back testing funtions.

Again me no expert, generally if we had pickup some knowledge and skill is chart analysis, we should be thinking of better it and hopefully when the time is right for our trading style, we could benefit from it.

Don't throw our knowledge and skill away just yet, as long as we're still in the market place.

Red Alert?

2006-06-08T11:01:00.000+08:00

G0t kicked out from my office to work under the sun. No choice, agree or disagree also have to work, thus can't monitor the market actively, but my notebook follows me where I goes, and during break time, I will peep into the market for a quick feel.

Well, the feel is rather..., heard that one Lawer had ran away with millions of $ mm...pondering..., "Kay kay"(example) he play... oops!! better keep my mouth shut, anyhow say can be sue.

Let list basic some points on my trading. I'm no expert hor, so if you think it is nonsense, you're right, if you think it is not, you're not wrong too, anyway, if you dislike what you're reading, don't be upset, just bolt it by clicking the "X" in the center of the red color square box. It is located at the top right hand corner of your browser. alternatively click on the "back" icon also can... :D

trade without emotion
don't fall in love with any stock
need to sell, sell it. a gain is a gain, locked it in, even if accumulating
takes own time to accumulate.
really need to buy it back, check and double check B4 buying, (naked short is not buying, it's covering)
don't rush, especially buying
in a bull market take my time to sell.
learn as much as I can, and keep learning

As retail trader/investor my winning and lossing will not be that significant as compare to "Big FISH". For every bid of 1000 shares
@ 0.05 = $50
@ 0.02 = $20
@ 0.01 = $10
@0.005 = $5

look at the BIG PICTURE, not that tiny lost or gain.

and yes enternal environment that affect our market. Fed rate, CPI, manufacturing output, war, oil price and blar blar..

oops!!! there are points above I didn't follow. ok next time...

Correction

2006-05-31T10:37:00.000+08:00

Share my view with a forumer yesterday on Advance Holding and told him in genreal to stay out and to review it after a day or two.

Well, went on site visit and unable to monitor the market. Upon return to the office in the evening, checked the counter and was “????”. Guessing that it will go down or at least move side way instead it went up by 2cts compare with the day before.

Continue to check star hub price, SHOCKED, up 0.29 cts from it low. How this could be happening, I’m waiting at the bottom and it went up so high. Feel like "xyz" the guy, but come to my senses. It could be a typo error or clicking on the wrong counter. I did it once and pay the price. If this is the case, the price is rather high man.

I fired all my available bullet into the market last week and cash out part of my holding now waiting again.

Generally, guess that the market is still finding it footing to stabilize, for those without holding power it is best to watch then fighting in the battle field and "got killed". The rest of the week can relax and review the counters you are interest in and till next week "STANDBY FOR ACTION."

Happy trading :D

Stochastics, overbrought, oversold

2006-05-29T10:23:00.000+08:00

Stochastics is an indicator I uses very often to guide my entry and exit for my trading, but I won't follow it "strictly" till now. because price could goes higher even at the high of overbrought zone and at oversold zone, the low could be lower.

MACD is added for a confirmation, but both indicators never seem to agreed, at times, it add t my confusion. When confronted with a mixed signal, usually reacted by not reacting on entry or exit.

Had concluded that stochastics and MACD may provide guide to our trading but it is not a sure fire indicator. Read somewhere, it highlighted that price and volume will gives a better indication as to what the market is doing.

It seem like telling us that monitoring is inevitable if you're coming in to play. OK, now what? maybe more indicators will further enhance the reading of a counter. hehe...may be more confusion...

Happy trading. :D

Eh...Well

2006-05-27T01:26:00.000+08:00

I was taken aback when I check my mail box and was informed my adsense acct was disable. Well what can I said, thanks to the contributor lor.

I visited all the site in my link, and many are suffering the same faith as me, of course I do knew that some have this faith sealed earlier. Whatever, as one blogger adviced, just leave it behind us and concentrate on our investment and our job. You are right stockhunter. Thanks for the advice.

Read a report by CIMB dated on 25.05.06 this morning on Singapore strategy. In this report it had highlighted that the current correction had caught many unexpectedly although peoples was expecting it coming. Reasons gaven for the fast and furious correction for the pasted two weeks are further rate hikes in the US, high oil price, and high commodity prices, in additional to asia curriencies appreciating against the dollar which have raised worries on export competitivenss. Nevertheless, it when on to recommends their three action plan as follows
1. Search for high yields, flee to safety
2. Look for stocks tht address today's inflation concerns
3. Bottom-pick stocks tht offer share-price catalysts

1. Flee to safety- CIMD recommended four high-yield stocks which in their viewcan offer safety, they are
- SPH - SPH is monopoly whose YTD underperformance and yeilds of 7% making it attractive. It initiated a share buyback of 1.8m earlier the week.
- Jaya - supported by sime Darby's call option to acquire more shares inthe company at S$1.20 per share. Jsys's managment also had a put option at S$1.10, exerciseable at between mid sept 06 and mid Nov-06 and is expecting to announce geneous dividends in sept 06.
- Inter-Rolle - proxy for the rise in airport infrastructure spending. With good results and strong cash flowm it had started to reward shareholders with interim dividends and stock split.
- SMRT - a safety stock, with predictable earnings and high dividend yields.

2. Look for stocks that address today's inflation concerns, CIMB recommendation is
- Keppel Corp and SembCorp Marine - both have benefits from the prevailing positive demand - supply trends in the rig-building space. Rig prices have risen 59% in the pasted two year and is more than offset higher steel prices.
- Keppel Land - is their top pick as the firmly believe that landloads have much leewy to raise prices going forward.
- Fibrechem and Sinomem - were picked among the china stock as they remain keen on companies tht help their customers lower their costs and compete.

3. Bottom-pick stocks that offer shar-price catalysts, CIMB name the following for short-term catalysts, and they preferred stocks that had fallen significantly in the last sell-down as well.
- Longcheer - on outsourcing story with attractive valuations
- Labroy - had corrected more than 13% back to the level when it first nnounced its jack-up contract wins. CIMB is expecting more jackup contact for the next six month.
- Jurong Tech - a big underperformer on the back of uncertainties regarding its Maxtor business. CIMB thinks the stock is attractive agian with current valuations.
- Sekun - have good earning visibility and healty volume increases since Seagate-Maxtor merger.
- Unisteel - offer steady growth prospects and industry-leading ROEs. The recent correction has provided entry opportunities again although valuation used to be onthe lofty side previously.

As usual the analyst of CIMB Kenneth Ng who prepared this report need a disclaim clause and is open to the holding on the stocks he had analyze. Below are the detail

(i) As of 23 May 2006, CIMB-GK and its affiliates have a proprietary position in the following securities in this report:
(a) Singapore Press, Inter-Roller Engr., Jaya Holdings, SMRT Corp, Keppel Corp, Keppel Land, SembMarine, Longcheer, Jurong Tech, Seksun and Unisteel.

(ii) As of 23 May 2006, CIMB-GK and its affiliates do not have a proprietary position in the following securities in this report:
(b) Fibrechem and Labroy Marine.

(iii) As of 24 May 2006, the analyst, Kenneth Ng who prepared this report, does not own and does not have an interest in the securities in the following company or companies covered or recommended in this report.
(c) Singapore Press, Jaya Holdings, SMRT Corp, Keppel Corp, Keppel Land, SembMarine, Longcheer, Jurong Tech and Labroy Marine.

(iv) As of 24 May 2006, the analyst, Kenneth Ng who prepared this report, owns and has an interest in the securities in the following company or companies covered or recommended in this report.
(d) Inter-Roller Engr., Seksun, Unisteel and Fibrechem.

OK, so much about the report, please seek professional advice before taking action. Not an inducement to buy, sell or hold.

Happy trading. :D

Labrory Marine

2006-05-26T10:50:00.000+08:00

Support is at 1.21 base on the previous breakout. One forumer had adviced to avoid this counter, sometime back, well forgotten about it and brought into this counter yesterday morning at high price.

Near term resistance is at 1.36..., Frankly, in a uncertain market out there, TA is not working well for swing trading.

Using it to see the bottom, maybe..., but for now, I turn investor again...

Happy trading. :D

Risk taking

2006-05-24T18:27:00.000+08:00

I'm no risk taker, so play conservatively, no big gain and of course my lossing is not too big too. When I first joint the battlefield, brought a few counters without TA or FA knowledge and purely dependent on the analyst report. All 4 counters including two IPOs have my money all locked in except 2 counters.

I sold two counters at a lost, one for >50% losses and another at breakeven. Just can't sell the rest for two reasons. two counters is turning around, I won't sell, and I won't sell even if it at break even. Another can't sell at all, so have to sleep with it. sigh...

Well still suffer paper losses, sigh whose cares, since I can't sell one of those counter I might just keep it and it will sever as a reminder to me of navie behaviour and mistake I make. Anyway, it is giving out dividend every year, not much, just can't bother it anymore. Just wish that my lucky star will shine on me, and it might just turn around one day.... my big fat hope.

Joining the market without knowledge is definately risk taking and it is very high risk infact. I have learn my lesson by paying fee, next please.

Anyway, Happy trading. :D

Correction

2006-05-23T15:04:00.000+08:00

Current correction is rather strong, it seem to be continuing from last week and have no sign of bottom yet.While it continues it’s sliding (correction), was busying looking at chart for clue on entry point but to no avail. Every chart visited seems to be suggesting the down trend is still in force.

Well, no clear signal, so no play. We could take some risk, but definitely not when the sentiment of the market is poor.

Viewing from the side line, to me alone, the market is leaving room for more down side as it rebound. Therefore one must be clear on objective before entering the market.

Force Selling

2006-05-22T11:41:00.000+08:00

Force selling takes place everyday, guess only. With three sessions of down trend and two sessions of rebound last week, guess there will be more force selling in a this correctionthan the usual. Some, if not many, will face their faith this week - force selling.

There is no best time for loading up, nobody could be 100% right. Technical analysis (T.A.), news, company's announcement and Fundamental Analysis may provide some answers, howeverm nobody with the right frame of mind dare to provide guarantee it work seamlessly. Read somewhere in "The Edge", FA and TA will not work in a maket similar to this one with so much uncertainty, it advice to stay at teh sideline till the rust settled.

To takes advantages of the current corection, betting on the ability to hold is one strength, many savvy trader and long term investor is on the standby to load up already. This week? I'm not sure for sure.

Anyway, Happy trading. :D

CG Tech

2006-05-18T13:21:00.001+08:00

CG Tech had retracted nearly 50% from it peak at $0.43. Currently, trading below 50 days MA, price had touches 100 days MA at a low of $0.30 which is the support currently.

On negative note, the stochastic and MACD yet to give a strong signal for an upturn, additional to these indicators, the daily chart pattern is rather a concern. (Not shown)

Given that the weekly chart downward pressure is still rather strong, if current support is broken, will be seeing the movement of price to $0.25 or lower, support is likely to be at $0.29, $0.275 and $0.26.

On a positive note, the selling for the last few days are not as strong and volume drying up quickly, RSI look encouraging too. If the support hold well, it seem to hold well (till the time of this posting) the chances of throwback is high and if the resistance is broken, it may invalid the daily chart pattern and change the course of weekly chart as well.

If I were to buy… likely to que at 0.30 or slightly below it at 0.29-5, and would likely to have some spare for additional purchase if the price trend downward.

"Falling Knife"

2006-05-17T12:34:00.000+08:00

During the correction, was reading more often then usual in a forum besides checking my holding, one interesting subject was highlighted by well intended former: “catching a falling knife.”

Was pondering, when should the phase be use?

One buying into a relatively strong company during a correction?
When a price decline due to weak earning?
When the fundamental turn from strong to weak?
Weak management?
In a bear market?
When an external environment turned against a company? Example high oil price.
Emotional?
A bear market?
Poor market sentiment?

Anyway, each to our own understanding, to me alone buying selectively during a correction is not catching a falling knife for sure.

Sikali buy salah… :D

Correction

2006-05-16T12:28:00.000+08:00

When I saw my screen covered with red all over, my first reaction is to exit my holding immediately and take my profit.

Correction contiunes today, I should have reacted yesterday, but I didn't, fews of my holding is suffering now. hm...should I exit all or continue to hold? A basic question which can be answer easily. Think I just sell the weak stocks and hold on the stronger one...

Reviewing on those weak stock, when it's at it lowest point...., I was holding on...so why am I selling now? For the stronger stock, not much to worry about. still hodling well although some is in the negative zone. "Go shopping"......, let see

sembmarine, starhub, singtel, captaland, keppel land, raffles education... check what on offer first...

Bearish & Bullish Rejection

2006-05-08T17:06:00.000+08:00

Bearish Rejection, several candles with long upper shadow (wick) or real body top at or around the same price level on a top trend (uptrend). Such candle formation has a bearish implication. Sys Access is being use as an example in my posting and for my learning eperience..

Comfort Delgro is the reverse of Sys Access. In a down trend a bullish rejection formation may form with several candles lower shadow or real body touches the same price level or near the same level. It has a bullish implication.

Above mentioned is not a standard in traditional candlestick analysis, according to the author (Louise Bedford) of the book “The secret of Candlestick Charting”, however she found that the concept is invaluable in her own trading.

It will be too naive to say that the trend will reverse once this formation is spotted, but won’t it be nice to know the possible implication when one spotted it and be alert to a possible change of trend?

Not an expert in TA and would rather confine my understanding to myself. However, injustice is done to the author who highlighted her observation and sharing it in her book with a keen interest in seeing people with the same interest to succeed, trading or investing.

I might not be able to explain properly or had misinterpreted what the author had shared, therefore, for those who are keen in knowing the detail, may consider getting the book for yourself at any major bookshop. (Title and author name highlighted.)

Note: I'm not comission to promote this book, just sharing.
ISBN code: 1-876627-28-X

Stmford Tyres

2006-05-04T00:12:00.001+08:00

Resistance at 0.605, support at 0.565. ....sigh, feel so sleeply, what to said....

For the short term, weekly and daily chart sguggesting a positive outlook and that uptrend is intact.

Not vested.

Comfortdelgro -Bullish rejection, Sys Acceess - Bearish rejection

2006-05-03T00:16:00.000+08:00

Sys Access is a total opposite of Comfort Delgro. A strong resistance is formed as show in the chart. A strong breakout from this resistant will enable it to test 0.195 resistant and may be establishing new high, but for now it’s still everyone guesses.

The market had shown rejection of lower price for Comfort Delgro. It can be interpreted as the seller unwillingness of selling their holding for anything that is lower than 1.59 as show in the chart.

CG Tech , China Sky

2006-04-27T00:42:00.000+08:00

Cg tech, it gap down today and close with a candle that look likes an inverted hammer or spinning bottom, however, I won't bet on it and would rather wait for confirmation. Gapping upward on tomorrow opening with a higher high and higher low will be confirmation of trend reversal for me. Stochastic have show some encouraging upturn, although it is not strong, but MACD yet to show a strong trend reversal signal. Think it is still anybody guess for now, near term support is at 0.32, resistance at 0.355.

China sky, a common doji appeared, it may mean an end to the trend or the market is just taking a break.

Candle aside both stochastic and MACD has yet to show +ive signal. The volume is drying up and to me alone, it’s encouraging and a positive indication. Near term support at 0.96 and resistance at 1.08

Oil wonder

2006-04-22T10:51:00.000+08:00

Generally if oil price goes up, companies will be hit, including individual.

Of course transportation companies will be likely to be hardest hit, but they have factor in this cost and some transferred it to consumers, may be long ago or as and when the oil price surge.

For tech counter being circle out, (in a forum) it need stronger reasons to sustain it. Across the board statement is questionable and misleading to those who are ill informed.

The highest prediction of oil price by some expert is $100 by end of 2006, others claim that it is the same level as last year, so what a good management will do?

Risk management is one important factor in a company and believes many senior managements is seriously looking at it since last year on; How oil price could affected their bottom line? Of course, contingency plan is up and really to protect their life line.

In money management, central bank took no action to stop sing dollar from strengthening. Me no expert in this area, but believes it help and will be good for our economy, ultimately those importing and export from here will be benefited. For exchange rate kick in and improve this margine for exporting and import they could buy more or cheaper.

The down side... me yet to learn about it...hehehe..

China Sun

2006-04-20T19:58:00.002+08:00

The alert of a possible down trend was posted on 18 April 06 and had also highlighted that there is a possibility of a fail spinning top without giving any reasons. See no reasons to find logical explaination as the market always surprise all. So no reason listed then.

Of Course history all know how to said? “Mai kay kiang. Some may “took” me” :))
Others was rather positive and happy about my guessing about this counter going down, because it always the opposite of my guess. I’m delighted too, because they gainning not lossing.

Since my down talking is making wonder for this counter, why not help the supporter to gain more and be happy. Well I'm going do just that, by talking down on this counter in particular.

Chart below display a black spinning top after yesterday closing. Today session confirmed it reversal of trend. This time round there is more reason to worried for and concerned about among traders.
1. When is the correction is setting in
2. The gap is yet to be covered, when the first spinning top appear. (many gaps infact)
3. TA had confirmed the reversal.
4. Today trading session, price movement is rather "bo buay chow". (not logical to say like that leh, whose care)
5. MACD - both lines is softening and turning down.
6. Also the guppy mma "bending" liao (not in the chart)

Nearest support is at 0.89 (just in case some kaisee trader cut lost at 0.900, so place it lower) if this support don’t hold well, given that the sentiment is highly in the standby "chicken running" mode. The next level of suport is likely to be at 0.815. (same reason, scare another kaisee anyhow cut lost) If, price were to retract to this level, well would expecting to see some range trade between 0.815 - 0.84. As to where will it go from here depend loh. If the company is not issue with the "li..cense". Haha... haha...ha... you know lah they built the factory, without the appoaval yet hor? If rejected, how? Well, we move South for party. Of course if approach then we move North without saying lor.

hm...think, I'll just add china sun into my Watch List, it will be a spetacular to see the seesaw tomorrow. 

You who trade with emotion, are risking yourself to much in the market. anyway happy trading. I'll see you at 0.815 or maybe lower loh.. ;-)

"Song, happy bo?" Next week can count big money liao hor? Talk so, very badly on this counter, so am expecting it to cheong like mad tomorrow. No need to thank me lah, I'm just too happy to help.

PCA Tech

2006-04-19T11:17:00.000+08:00

Will not be discussing TA or commenting on FA of this counter, you have to form your own view.

Generally, held a positive view on this counter and vested. The result is likely to be out around 20 April 2006. Expecting a good report from them.

For a brief view of its 1H report click link below: http://www.listedcompany.com/ir/pca/newsroom/PCAResultsBriefing7Oct05.pdf

STX-PO

2006-04-18T01:20:00.000+08:00

While some hold on a bearish view on this counter, I choose to deferred and was rather positive about this; betting on the stochastic which is at the oversold zone and showing sign of up turning. MACD wise strong signal is still yet to be seen, however, inaddition to the stochasitcs, I'm betting on the hammer too.

vesting interest.

China Sun

2006-04-18T00:09:00.000+08:00

Commenting negatively on a counter will causes some supoorter to see red, whether it is being objective or bias. Anyway for the benefit of some who have hte intention to vest in this counter, do double check its short term trend, IF you don't have the holding power.

A spinning top candle, either black or white is not of a concern, but it price moment for the current period is really matter, with the stochastics at overbrought zone and turning down..., however, did anyone encounter a fail H & S formation, believes some did, so there's a possibility that a spinning top might fail too...

NO VESTING INTEREST.

CDW update

2006-04-11T14:27:00.000+08:00

Trading Halt, lately it was actively traded, guess it's more or less related to the annoncement the company is releasing soon. Chart look good, cup and handle formation. As to where the px will move, depend on the news.

Good luck to all vested. Vesting interest.

Labroy

2006-04-11T10:34:00.000+08:00

STX-PO update

2006-04-11T10:25:00.000+08:00

Sitting at support, if 0.85 hold well, likely to see range trading, otherwise will be expecting further movement to the south. Uptrend is the last thing in mind for now, but not impossible.

Not vested, not a buy, sell or hold call.

STX-PO

2006-04-07T17:36:00.000+08:00

Commented on this counter on 3 Apr 2006 after the chart was posted without comment on 31 March 06

It tested the resistance at 0.89 several times before. Today the resistance was broke, and it continues to trend to a high of 0.905 before closing down at 0.885.

No significant increase in volume, in fact the volume is much lower as compare to previous session. There is a high possibility that the price will reverse from the current "trend" given that a spinning top appeared in the chart…

If the price trends downward on next trading session/s, chances are, it is likely to break it low establish on 31 march. Beware.

Not vested

star hub

2006-04-07T13:04:00.000+08:00

CAO

2006-04-04T22:51:00.000+08:00

Let try this out on paper trade tomorrow.

trading period 4 days

buy at 1.35
cut loss at 1.30 and
TP at 1.44

5.3.2006 - update on paper trade.
well, lost 6 cts

another try - this time should hv a better winning chance given that the chart is much more positive than yesterday.
buy at 1.35
cut lost 1.30
TP at 1.45

may be should monitor before placing order.

CDW

2006-04-04T22:14:00.000+08:00

Find no update so far and wondering why px is trending upward? The most likely reason I could think of is likely due to it year end result report and investors is anticpating it.A better then expected report would cause it px to trend further, a below or even meet expectation set of result would cause this counter to reverse it current trend.

Am expecting range trading after the recent rally. Vested :(

Fragrance

2006-04-04T21:51:00.000+08:00

Fragrance have been trending up since it ipo last year, have been in and out of this counter several times and so far so good. It is trending for sure but quietly.

It had reported a 100% profit as compare to last FY.

Today it tested it resistance for the second time at 0.82, near term support is at 0.79. However, this counter is not actively traded, as such it may not be attractive to trader.

betting on stochastics indicators %K about 75% and %D around 83% and smooth %D around 78% over brought, to me alone, it means there is more up side before it trend reverse its trend.

Vested since IPO.

STX-PO

2006-03-31T11:56:00.000+08:00

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.

STX-PO

2006-03-28T10:42:00.000+08:00

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.

Rowsley

2006-03-24T00:35:00.000+08:00

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.

CapitaComm

2006-03-23T18:59:00.000+08:00

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.

2006-03-23T18:10:00.000+08:00

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.

Sembmar

2006-03-17T12:06:00.000+08:00

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.

Sinomem tech

2006-03-16T17:41:00.000+08:00

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. :)

China Petro Tech Update

2006-03-15T10:57:00.000+08:00

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.

UTAC

2006-03-13T13:10:00.000+08:00

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...

China Petro Tech

2006-03-08T15:19:00.000+08:00

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

Star hub

2006-03-07T23:37:00.000+08:00

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.

CG Tech

2006-03-05T23:03:00.000+08:00

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.

Bullish and Bearish

2006-02-28T23:55:00.000+08:00

This posting is for highlighting of a possible trend outbreak from a horizontal consolidation region. This formation is likely to be applicable to short term trend and not applicable to the four stages of chart pattern, where the bse is formed before an uptrend.

Fragrance

2006-02-27T21:15:00.000+08:00

It retracted from it high at $0.79, to a low of $0.73 for the pasted trading sessions, and closed at $0.75 with only 45K traded today.

Setting resistance line for this counter seem difficult and every price points seem to be resistance, (at least to me) this is due to the low trading activity in this counter, however the up trending is confirmed base on the the indicators on the chart. Stochastics is moving away from the oversold zone, RSI is moving upward. On OBV and Acc/Dist, both look encouraging.

However do note, the above is history, when trading start tomorrow, it may be a total different picture...

Global Voice

2006-02-27T14:51:00.000+08:00

Petro China

2006-02-27T10:39:00.000+08:00

Petro China is at its low at $0.325 on 20 oct 05, it range traded and breakout on 25 Jan 06 to rallied to a high of $0.59. Price had retracted 50% to a low of $0.465. Last trading session it breakout from its retractment,currently resistance is at $0.54 and the next resistance is at $0.57-8, support is as shown.

With the news that PetroChia buys of 35% Singpaore Universal Terminal, the price is likely to move up further. Current indicators are all positive. There are two resistance that it needs to be clear, before testing new high.

As for the news, frankly see no compelling reason for a surge in price, but it's definately a positive news on it on.

CG Tech

2006-02-25T00:20:00.000+08:00

It trend downward since touches $0.30 on 9 Feb 06 to a low of $0.24 on 20 Feb 06. Range traded for three days with a low at $0.245. the last trading session saw the price breakout from it range trading and met with resistance at $0.27. The next resistance is $0.29. although wish to place it at $0.30. many ppls is likely to shy away from the round figure.

Note that there is some risk need consideration, the result is yet to anounce. What if the result meet expection, or below expectation? such result may reverse the direction of the price. May bet on a positive result given that the 3Q result was rather encouraging. if one is thinking of trading this counter, stop lost must be set and follow closely.

China Sun n again

2006-02-23T14:13:00.000+08:00

Went up yesterday from $0.60 to $0.635 and close at $0.61. Today it gap up to opened at $0.625 and was down to $0.615 before mid day break, with buy/sell at $0.620/$0.625. the gap is still open for now. there is a possibility that is will close at $0.61 or lower.

Indicators... am saving all the indicators

In General,there is a possibility that this is just a pullback. The resistance is probably at $0.645. if this resistance is tesed and not broken the down trend will pevail, if resistance broke, the testing of new high begin.

Risk taking needed.

China Sun again

2006-02-21T22:10:00.000+08:00

chart - on the 10 feb indicators signal sell. Next trading day it breakdown from it trend line. followed by another session of massive sell down. although an umbrella candle appeared, the session that follows is still a sell down.

the current last two sessions - 2 candles pattern it look like a harami; it have a reversal effect in a down trend, it may range trade too. But, take a look at the candles again, it is a tweezer bottom, tweezer top/bottom both have a reversal effect.

opening price- there is no one could tells what is the opening price. but using the closing price as a guide on a uncertain market. your guess is as good as any retail investor. fund manager, expert and professional not included here, as there no fix "rules", as long as their plot ring in profit.

getting emotional is a no no in trading , some expert say so. not me, I'm bloodly new in this bloddy market. and bloodly hell, I don't vest in this counter.

While sharing my view without any emotion, and for guessing the likely trend for the next few days, I got bomdarded be it up or down. I wonder... is this group of people going to survive the hard knock when they are trading with so much emotion in it.

vested in sembmar at 2.94 and it was push down to 2.8+ should I XYZ everyone that I come in contact. I have another few counters sufferred the same fate on Monday so I must go around ABC everyone i meet?

No I didn't, I post my experience I had on china fishery. did anyone act on it, took the risk to make some kopi today. I don't know... I didn't because i'm saving my cash for the counter I'm aiming at - sembmar. When it start to cheong big...but how can I be sure that it will cheong... i don't know... just prepare for it

Junma

2006-02-12T22:09:00.000+08:00

Junma daily chart is not impressive. It is trending down since its high on 7 Feb 06. Near term support is likely to be at $0.24, but guess it is unlikely to hold. MACD and stochastics signalled sell. ... Unable to upload chart now. Will do it later.

Biosensors

2006-02-07T00:44:00.000+08:00

Broker buy call S$1.19, TP S$1.61

China Fishery

2006-02-02T18:37:00.000+08:00

DBS Vickers Securities - Buy call S$1.54 with 1-year TP S$1.80.

S$1.80 ??? now trading at S$1.66...

Sorry Folks

2006-01-31T23:28:00.000+08:00

MACD consist of two MA, the cross over of these MA is use as signal for buying and selling. It may be use for holding on for a very short term...my posting at Sembkim; "still going strong" = no sell signal... as for the histogram in MACD it was ignore by me, as it is just a mirror of the price movement. (That's how I view it personnally)

stoc - another buy/sell indicator. The over brought/ sold limit is set at 70-30 or 80-20. Anyone set it at 90-10-? At >80% overbrought zone. opps!!! my mistake on my posting at Sembkim, corrected liao.. there is no intention to mislead, sorry folks.

At >84% overbrought limit, one may consider start selling, holding on, buying, or just monitoring.

What will you be doing if you see what i saw in the chart, frankly, it is up to you, I have no control over you, so check before you act.

kepland

2006-01-30T13:52:00.000+08:00

Ocbc investment research is rather skeptical on Kepland setting up an office REIT; K-REIT. It is seen as a destructive to shareholders’ value. Kepland is trading over 63% above it book value and if K-REIT were to be listed, which is comparable to Capitalcom trust, it is believes that it is unlikely to command such a premium...

On Marina IR, the chances for Kepland to win is low, if Kepland get the IR, it will needs an additional $630m, pushing its gearing well over 2.0 times according to the analyst...

Sembkim

2006-01-29T22:46:00.000+08:00

SembKim is expected to post record profits of $13.2m in FY05.DBS Vickers securities have a buy call at $0.47 and a 1 year TP of $0.58. News released on 23 Nov 05 on the signing of $43.62m contract to supply and operate fleet of coal vessels for Banpu, a publicly listed company in Thailand stock exchange.

According to the research, it remains a positive outlook for Sembkim due to the potential upside MoU it had signed with Amsteel Mills. If the deal with Amsteel mills firm up, it will contribute huge earning to SembKim. TP set exclude potential earning from armsteel project.

TA – Stochastic is at 84% overbrought zone,

MACD – golden cross formed and is going strong still...

Last trading session ended with a doji. Indecision or the market is taking a break? At current high $.0495, since it breakout from the resistance level at $0.48, it may be a new resistance level. ...

2006-01-27T11:30:00.000+08:00

<<< Wishing One and All a Happy Chinese New Year!!!:D :D >>>

China Sun

2006-01-24T13:53:00.000+08:00

Looking at the weekly chart of last week trading session, last two candles is not a perfect dark cloud cover but it is sure to have some negative impact on its current trend.

Daily chart, a tweezer top appeared after te last two trading sessions. Stochastics was at 85.6% oversold zone, nothing much to worried. MACD is making a turn, and MFI had moved downward...

There is some upside for today and maybe tomorrow trading, with consideration to stochastics and strongMA. After which, where will it be heading? Hope that there is no star, hangingman when the trading end today.

no need to agree one okay, it's just my personnal veiw. Not vested

Another singtel version

2006-01-24T11:52:00.000+08:00

Weekly chart of Singtel.

It is not very impressive, right?

singtel update

2006-01-21T00:41:00.000+08:00

Smartyinvester, Thanks for the highlight. You're right on target on your analysis. Yet to read you posting on singtel, although had posted in the shoutbox :D

Personnal though on singtel...

Am bullish on this counter, but the gap down have an bearish implication and in such case would prefer to wait for confirmation signal for a bullish view. In this case, the next trading session, price did not gap up, instead, it was traded at lower high and lower lower, thus continue to wait. Today session, a tweezer bottom formed, believes we share the same view on the tweezer bottom and stochastic and it implications on the counter. :D

Additional indicators;
Price is still trading below MA, and yet to breakout from the trendline I draw or a breakout from it down trend. (not show in the chart)
MACD yet to show a positive signal
MFI is moving upward. (positive)
Market - great buying interest at $2.46- $2.47

with the above consideration it may means that this is an attempt by the bull to take control.

To move in now is sort of risky, however high risk = high reward. to wait for a perfect signal is highly unlikely in the stock market. Therefore ablity to take risk is also an attribute to sucessful trading. :D

IF I buy into this counter next week, I would have a TP between +$0.20 -$0.22. my cut lost will be 2% down from my TP.

Vesting interest. Please note that this is a personnal view and not a recommendation to buy or sell the share of this counter. Any action taken by individual is at their own discretion.

have a profitable day.

Singtel Gap down

2006-01-19T00:58:00.000+08:00

the gap down means that the downtrend pattern will continue. Hope when the market open in the morning, the gap is close.

Not vested.

China sun update

2006-01-19T00:16:00.000+08:00

My last posting on 23 dec.05 highlighted, if a strong breakdown from $0.425, means comfirmation of a H & S formation, however it fail and rallied to hits a high of $0.645 before retracted to a close at $0.58 today.

The last trading session (today) an inverted hammer was formed. Usually this indicate a reversal in a downtrend stock, although not every time lah.
What about a retractment? Anyone got struck during the sell down. It's monitoring time.

If I'm buying I'll buy at 0.575
TP will be set at resistant and will be adjust up 5 bids if it touches TP
Cut loss 0.56.
Still no vesting interest.

Ausgroup Update

2006-01-16T22:22:00.000+08:00

Daily chart
Within week from my posting, this counter trended down to its low of 0.195 before recovered and closed at 0.245 today.

A breakout will be nice. To draw a resistance at 0.245 may seems too easy to break. Drawing it at 0.290-5 may seem to be "kiasu" and "kiasi".

Whatever suit you best.

Weekly chart

Looking at the weekly chart, hm.. not as good as the daily chart, but not too bad at all compared to my last posting.

Hi-P

2006-01-16T21:47:00.000+08:00

Breakout today strongly, many indicators are showing bullish sign.

S-h thanks for highlighting.

Raffles Education Corp

2006-01-12T00:32:00.000+08:00

Research By DBS Vickers Securities
Report Date 9.1.2006
Buy S$1.62
TP S$2.05 (1 year)
Reason for report - company update

It was said that they are expecting another strong quarter result due to the increase of student enrollments. With new school opening RLS should benefit from the educational marekt in the region, namely Vietnam, India and China. Buy called maintain with a raise of TP S$2.05

For more detail visit SGX site. For infomation only

Seksun

2006-01-09T17:15:00.000+08:00

Seksun have been moving sideway since the second days of new year. For four consecutive days, it is still trading at a price range of $0.325 and $0.33. Today, it end with a doji with the same price range.

The nearest support at $0.32. Looking at the candles of last few trading sessions, it is top tweezer (up trending) with the doji appeared today, will the trend reverse or it is just taking a break?

No vesting interest. Trade with care if contra..

The 7 habits and Stock Trading

2005-12-28T20:38:00.000+08:00

Human endownment, it was said that it determine our future and happiness. Proactive people use their initiatives and resourcefulness to get what they want creatively. They exercise the four human endownments namely, Self awareness, imagination, conscience and independent will.

Consider one difficult situation you are facing now. Well, in stock trading what can be worst then getting struck in stock you brought and it continue to trend downward.

in such as a situation -

What do you see will happen, if you do nothing to the worst performing stock. (self awareness)

What happen if you do what you already know what you need to do?

Let us side step before answering the above, one of the 7 habit: "Begin with the End in mind". Simply put, what do you want to achieve? it means the result you wanted, by acting or not acting.

Needless, to said if you do not act upon, and continue to sit on the worst performing stock you are likely to continue to suffer.

That bring us to another habit - "Put first things first". Guess it may not really fit well here. Anyway, what is the important task that needs our attention? I would be looking at and examine the options available for my worst performing stock. Two choices:

1. Cut loss or sell at a loss - recommended by many experience traders, brokers and may be investors too.
2. "Cutting loss" without disowning the share. Sell at the current high and buying back at a lower price. This strategy highly risky, what happen if there isn't enough volume to support one buy sell order, esapecially true if everybody lost interest in the counter.

So what next, make decision loh..., as mentioned either option is risky, but on second though it may worth the risk.

before I end, one more things "Sharpen the saw".

pondering ...did i answer the first part of the question..

China Sun

2005-12-23T01:18:00.000+08:00

Mid term uptrend intact, however daily chart post total different picture. Mid term risk is high as hte price may trend downward strongly, due to the current formation as shown in the chart.

Near term support at 0.425, if broken, if will go further down, and a confirmation of head and shoulder formation. The blue arrow is pointing at the MA to show a false golden cross is formed here. The best strategy to trade in such formation is write a put warrant, I guess.

Knew you will comment on the put warrant. :)
As mentioned, FOR SUCH FORMATION, in general, frankly, I knew nut about call and put option not to mentioned warrant. I don't call myself an expert and am learning how to trade, thanks for giving me chance to learn.

AusGroup

2005-12-23T01:13:00.000+08:00

Daily chart - no sign of recovery. Trending down. It lowest price for the pasted months was $0.185, currently sitting at support at 0.20. At best, it move side way, at worse it may break $0.20 support level and head for $0.185 may be lower.

Post weekly chart instead of daily chart.

M1

2005-12-19T23:09:00.000+08:00

Touches near term support today with a black candle, if breakdown, from this support, will see more down side and it may test the next low at $2.01. If price were to fall to this level, doubt that it could hold @ $2.00. Indicators shown in the chart are moving downward.

Weekly chart, with 30-60 day MA, uptrend intact but rather weak.

Previous posting

First a evening star, then a hanging man, Friday a black candle, Thursday and Friday, with day high both at $2.20 and a Tweezer top formed Will is slip on Monday?

Near term support is at $2.11.Currently range trading. All indicators in coming down, a correction? may be . When, and how far will it go? Sorry no ideal

Mid-term trend intact, may buy on dip. When to buy? Am using support level as guide, at suport level, will monitor volume, when selling volume is drying up at certain price said at the $2.11 and buying volume increase, this is where the entry point I'll be aim at.

Vesting interest..

Star hub

2005-12-15T20:58:00.000+08:00

Star hub again! It went down on sept to oct then range trading till this week breakout. since it high on 13 dec, it is coming down. Nearest support is at 1.95 and well, can this be a strong support? tomorrow is profit taking day, so trade with care.

vesting intested.

Raffles Education Holding

2005-12-12T21:48:00.000+08:00

Raffles Education buy call of $1.42 with a one year TP of $1.62, upgrade from the previous $1.59, TP.

Rearch by DBS securities.

GES

2005-12-08T22:40:00.000+08:00

It is red all over for now. Don't believes my eyes, check the mid-term trend, oh bad! bad! trending down.

It is at it support line now. didn't monitor how it was traded today, so not sure whether there is a strong support at $0.88.

On gut feeling, tomorrow is friday and well, the usual things will take place loh..., so don't think the support will hold on well. On TA view, a black bearish candle appeared with a decending triangle, am not comfortable with it. Time to exit for those without holding power, do not take a second look ok. be serious about it

Having vesting interest.

Singtel

2005-12-08T22:15:00.000+08:00

Looking at it mid term trend it look promising. Short term trend seem like going down, but on second look, the current down trending is more like a pullback after the recent rally.

Today, a tweezer bottom is formed on it candle chart and look promising for a short rally.

Stochastics is at the oversold zone, but the smooth D% is turning up and MFI is moving upward too. Hm, think I'll hold on till is reach 2.7+