SGX: Raffles Edu

Raf posted a no dividens this year due to issue happened in China (acquisition issue), The graft shown she keep going down.  I need to hold it for longer time.

I brough this counter at 0.54sgd after 2 days rally in mid sept but she failed to break next level resistance and turn around to drop further....PAINT..

I will consider to buy some when she touch 0.426SGD at 38.2% fibo retrace line.

SGX : Cosco Corp

Cosco facing a very steeve drop due to losing revenue and profit in this quarter report.
Will this a best buy now, may be.
The risk is Cosco will go down to 0.7sgd but the upside will be good. Cosco is now 1.05sgd so if you are a long term investor you may consider this stock where by the historical high is 7SGD.

Ask yourself how long you can hold.....

1 year chart compare to 3 yrs chart.

SGX : China Hongx

She is still in the down trend, the graft shown she is struggling to break resistance. This is due to Hongx announced a less profitable quarter  result which suppose to be a good quarter due to golden week holiday in China.

SGX- Synear

Hi all,
I'm back. Kind of busy in last 2 wks.

Market started to pick up again with the announcement of Federal reserve of USA. Asia region market reply with a welcome signal hence rally today.

If you have brough a good counter you may want to ride the rally for next few week. the earning season will be end soon so this also give a confidence to the market to come back.

I made an analysis on "Synear", i used to owned this counter.

I see a formation of "Reverse Head and Shoulder", If synear rebounch back to 0.32sgd and stay there for couple of days then the pattern will be confirm. (this may take 2 wks to see it)

Well, When you see a reverse haed and should with aconfirm pattern what will you do? Buy it. The possible high will be 0.40usd.

Market : STI

STI break 2700 point on 14Oct09, which a rally from 05Oct09 at the point of 2583points. (129 points increase)


1 month chart

Another 45degree chart

Market : HKSE

Does it look familiar to you? the upside and the retrace follow exactly DJI(see my previous post) in the month of Oct09. So far  in just 3 wks HKSE had rally up from 20429 point to peak at 22589 points an increase of 2160 point an increase of 9.562%.

Wow!!

So as long as anything happen in USA market , HKSE will react as it is.

look at the 1 mth chart compare to the 1 year chart, You will also find that the HKSE rally in a 45 degree uptrend.

           Oct2009 month

1 year chart

What will be your strategy to deal with this?

Buy a put??

Market : DJI

Hi all,
My finding atthe middle of the earning report, As usual this period remain volatile but the issue i have is it is more difficult to be predict or forecast.

DJI
So far most of the companies reported no surprise but DJ reaction was positive which in line with the reports. as a result she break through 10000 point and reached 10015 points on 14Oc09. However, this was only maintained for 7 trading days, She retraced back without huge effort to 9882 point within 2 days. (Retrace is always faster then up trend). representing 1.3% or 133 points.

Unemployment in US remain growing but slower then before, consumer confidence level is not fully recovered so the risk will still remain high. In next month there will be a thanks giving holiday and then X'mas in Dec, I think this may help to hold the position for a while untill end of the year due to this season event.

Q12010 , will be a good discussion topic for all investor.


See attached chart for DJI

1 month chart.

1 year chart

It show a parabolic if you look at the uptrend from Mar09 till now.