Author Topic: Casino Stocks  (Read 109688 times)

Offline zuolun

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Re: Casino Stocks
« Reply #200 on: August 16, 2017, 03:28:53 PM »
“The trend is your friend, until the end when it bends.”

BestWorld ~ Bearish Double Top

BestWorld closed with a hammer @ S$1.355 (-0.185, -12%) with high volume done at 29.1m shares on 15 Aug 2017.

Immediate support @ S$1.30, immediate resistance @ S$1.395.



Best World shares slump on China crackdown news

Firm says it has yet to switch to direct selling in China amid move against pyramid schemes

By Rachael Boon
15 Aug 2017

Best World International fell by as much as 21 per cent at one point yesterday after a Chinese government regulator said it is cracking down on pyramid schemes.

China's State Administration for Industry & Commerce (SAIC) announced yesterday a new three-month campaign against recruitment by pyramid sellers.

Shares of Singapore-listed Best World International, which is a direct selling firm and beauty product distributor, closed down 12 per cent or 18.5 cents at $1.355, although they were down 21 per cent earlier in the trading session.

Best World told the Singapore Exchange in a filing yesterday that it was not aware of any information not previously announced regarding recent unusual trading activity.

Its fall mimicked the share performance of other firms with similar business models such as nutrition firm Herbalife; Nu Skin Enterprises, known for skin care; and health nutrition business Usana Health Sciences. Herbalife declined more than 5 per cent to close at a three-month low of US$62.42, Nu Skin dropped more than 7 per cent to US$56.01, its lowest close since May 31, and Usana fell 7.5 per cent to US$54.40, its lowest close since mid-April, Reuters noted.

The SAIC did not call out these firms specifically, but such "so-called multilevel-marketing businesses have faced allegations that they use a pyramid sales model", said Bloomberg.

Best World yesterday said the SAIC statement was widely anticipated in the light of recent reports on the drowning of a university student, "who allegedly fell victim to a certain pyramid selling scheme's advertisement posted on a popular recruitment website". The case is still under investigation, it noted.

The firm, which has over 400,000 members in 12 countries, added: "Although we hold a direct selling licence, we have not converted our business in China to direct selling yet." It said its DRs' Secret, Avance and Optrimax products can be bought at outlets and workshops, so the "statement has little or no impact on our China business".

A recent Maybank Kim Eng report on Best World said regulatory changes would be detrimental to direct selling in its markets, "similar to Indonesia's restriction on healthcare imports in 2009". The firm also faces "reputational risks caused by fraud or fake-product scandals for other direct-selling players or Best's members", said the report, and its failure to expand in China could hurt share price valuation.

Best World said its preparations for conversion to direct selling are in line with the SAIC's statement. New service outlets are also subject to approval, and are not within or near school compounds.

"Our membership criteria, upon conversion to direct selling, shall also not accept students, civil servants, police and military personnel and such," it said, adding that it is fully compliant with the rules and regulations of business operations under China's laws.

Herbalife, Nu Skin shares plunge over fears of Chinese crackdown ~ 15 Aug 2017
https://www.bloomberg.com/news/articles/2017-08-14/herbalife-nu-skin-shares-plunge-over-fears-of-chinese-crackdown

Best World proposes 2-for-1 share split ~ 24 Feb 2017
https://www.dealstreetasia.com/stories/sg-dealbook-85-65692/

Offline zuolun

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Re: Casino Stocks
« Reply #201 on: August 19, 2017, 09:34:13 AM »
"The higher you rise the harder you fall."

BestWorld ~ Riding on the corrective Wave-A down, interim TP S$0.615

BestWorld closed with a hammer @ S$1.195 (+0.16, +15.5%) with high volume done at 49.1m shares on 18 Aug 2017.

Immediate support @ S$1.02, immediate resistance @ S$1.205.

After the dead cat bounce is done; expect the gap created on 23 Feb 2017 to be successfully closed and the share price to move much further down, forming a new record low.



“The trend is your friend, until the end when it bends.”

BestWorld ~ Bearish Double Top

BestWorld closed with a hammer @ S$1.355 (-0.185, -12%) with high volume done at 29.1m shares on 15 Aug 2017.

Immediate support @ S$1.30, immediate resistance @ S$1.395.



Best World jumps 16% after founder bumps up stake

By Aastha Agnihotri
18 Aug 2017

Skincare products maker Best World International surged as much as 16 percent on Friday after company's founder bought shares.

At 0740 GMT, Best World shares were up 13 percent to S$1.17 after rising as much as S$1.195 earlier in the session. Almost 44 million shares changed hands compared to average volume of 5 million.

Dora Hoan, Best World's founder and chief executive officer, on Thursday bought 200,000 shares in the company worth S$237,750.

The purchase brings her total direct stake in the company to 5.66 percent from 5.61 percent earlier. Hoan now owns 40.73 percent of Best World, up from 40.69 percent previously.

The rebound in shares came after the stock had tumbled earlier this week on concerns over China's crackdown on certain direct selling companies.

Best World has clarified that while it held a direct selling licence, it has not converted its business in China to direct selling yet.

Stock is up 74 percent so far this year, giving it a market capitalisation of S$625 million.

Offline zuolun

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Re: Casino Stocks
« Reply #202 on: August 22, 2017, 06:18:20 AM »
"Do not buy stocks that even worms also won't grow on them."

Sumatec ~ Trading in a downward sloping channel, downside biased

Sumatec closed with a white marubozu @ RM0.055 (+0.005, +10%) with 8.21m shares done on 21 Aug 2017.



幸马泰私下配售.可续持有? ~ 13 Aug 2017
http://www.sinchew.com.my/node/1672229

Sumatec to raise up to RM20.5m from private placement ~ 8 Jun 2017
http://www.thesundaily.my/news/2017/06/08/sumatec-raise-rm205m-private-placement

Sumatec shares rise after rights issue price announcement ~ 14 April 2016
http://www.thestar.com.my/business/business-news/2016/04/14/sumatec-shares-rise-after-rights-issue-price-announcement/

The gambler's fallacy
https://www.youtube.com/watch?v=K8SkCh-n4rw



Gambling with Other People’s Money

Imagine a superb poker player who asks you for a loan to finance his nightly poker playing. For every $100 he gambles, he’s willing to put up $3 of his own money. He wants you to lend him the rest. You will not get a stake in his winning. Instead, he’ll give you a fixed rate of interest on your $97 loan.

The poker player likes this situation for two reasons. First, it minimizes his downside risk. He can only lose $3. Second, borrowing has a great effect on his investment — it gets leveraged. If his $100 bet ends up yielding $103, he has made a lot more than 3 percent — in fact, he has doubled his money. His $3 investment is now worth $6.

But why would you, the lender, play this game? It’s a pretty risky game for you. Suppose your friend starts out with a stake of $10,000 for the night, putting up $300 himself and borrowing $9,700 from you. If he loses anything more than 3 percent on the night, he can’t make good on your loan.

Not to worry — your friend is an extremely skilled and prudent poker player who knows when to hold ,em and when to fold ,em. He may lose a hand or two because poker is a game of chance, but by the end of the night, he’s always ahead. He always makes good on his debts to you. He has never had a losing evening. As a creditor of the poker player, this is all you care about. As long as he can make good on his debt, you’re fine. You care only about one thing — that he stays solvent so that he can repay his loan and you get your money back.

But the gambler cares about two things. Sure, he too wants to stay solvent. Insolvency wipes out his investment, which is always unpleasant — it’s bad for his reputation and hurts his chances of being able to use leverage in the future. But the gambler doesn’t just care about avoiding the downside. He also cares about the upside. As the lender, you don’t share in the upside; no matter how much money the gambler makes on his bets, you just get your promised amount of interest.

If there is a chance to win a lot of money, the gambler is willing to take a big risk. After all, his downside is small. He only has $3 at stake. To gain a really large pot of money, the gambler will take a chance on an inside straight.

As the lender of the bulk of his funds, you wouldn't want the gambler to take that chance. You know that when the leverage ratio — the ratio of borrowed funds to personal assets — is 32–1 ($9700 divided by $300), the gambler will take a lot more risk than you’d like. So you keep an eye on the gambler to make sure that he continues to be successful in his play.

But suppose the gambler becomes increasingly reckless. He begins to draw to an inside straight from time to time and pursue other high-risk strategies that require making very large bets that threaten his ability to make good on his promises to you. After all, it’s worth it to him. He’s not playing with very much of his own money. He is playing mostly with your money. How will you respond?

You might stop lending altogether, concerned that you will lose both your interest and your principal. Or you might look for ways to protect yourself. You might demand a higher rate of interest. You might ask the player to put up his own assets as collateral in case he is wiped out. You might impose a covenant that legally restricts the gambler’s behavior, barring him from drawing to an inside straight, for example.

Offline zuolun

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Re: Casino Stocks
« Reply #203 on: August 24, 2017, 07:06:23 AM »
When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low.

Top Singapore taxi firm ComfortDelgro in exclusive talks with Uber ~ 22 Aug 2017
https://www.reuters.com/article/us-comfortdelgro-uber-idUSKCN1B216Y

ComfortDelgro ~ Bearish Island Reversal

ComfortDelgro closed with a spinning top @ S$2.36 (+0.19, +8.8%) with extremely high volume done at 56.2m shares on 23 Aug 2017.

Immediate support @ S$2.30, immediate resistance @ S$2.39.

The gap created on 23 Aug 2017 is a strong SELL signal.



ComfortDelgro ~ Bear Flag Breakout, interim TP S$2.12

ComfortDelgro closed with a bullish engulfing @ S$2.26 (+0.03, +1.3%) with 16.3m shares done on 7 Jul 2017.

Immediate support @ S$2.20, immediate resistance @ S$2.32.


Offline zuolun

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Re: Casino Stocks
« Reply #204 on: August 24, 2017, 07:57:09 AM »
Somewhere in time
https://www.youtube.com/watch?v=HjpXflQx18o

似曾相識
https://www.youtube.com/watch?v=3vmBR3Np8yM

Technical Analysis: History repeats itself. The future is but a repetition of the past.

"What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun."

“已有的事,后必再有。已行的事,后必再行。日光之下并无新事。”

In technical analysis, history repeats itself. The theory behind chart pattern is based on this assumption. The idea is that certain patterns repeat many times, and that these patterns signal a certain high probability move in a stock. Based on the historic trend of a chart pattern setting up a certain price movement, look for these patterns to identify trading opportunities. Follow the smart money; they sell, you follow sell, not buy.

ComfortDelgro ~ Bearish Butterfly Breakout Chart Pattern



Example of a Bearish Butterfly Breakout Chart Pattern


Offline zuolun

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Re: Casino Stocks
« Reply #205 on: August 25, 2017, 08:49:34 AM »
In technical analysis, a stock that has made a new low is one that must be treated with caution and to be avoided buying for longterm investment.

Ezion ~ Bearish AB = CD

Ezion last closed with a black marubozu @ S$0.197 and had been suspended since 10 Aug 2017.



Should Ezion shareholders keep the faith?

Firm is 'ready to rumble' but the outcome of its bite-the-bullet plan hinges on lenders' goodwill

By Anita Gabriel
24 August 2017

WE all recognise that "good guy" in the boxing arena, enduring back-to-back jabs whom underdog-fans faithfully root for even as he staggers to the ground after a powerful upper cut from his opponent. Remember how we'd anxiously hope he would tap into his inner might, get up and punch back and knock his rival out of the ring?

That's how some may feel about Singapore-listed Ezion Holdings and its bout with a brutal oil slump that has left many of its peers in the offshore and marine space flat on the floor, flailing.

Those sentiments were manifested over a week ago when Asia's biggest liftboat operator disclosed a disastrous set of second-quarter results.

It was harder to stomach because this company had tried so valiantly to stand its ground since oil prices plumbed to lows in 2014 and, only now, seems most vulnerable when the commodity is on recovery.

Over a week ago, Ezion reported a second-quarter loss of US$2.57 million from a net profit of US$8.14 million a year ago this is its third straight quarter of being in the red with the chief culprits being depressed utilisation rates of its service rigs and offshore support vessels and weak charter rates.

There were blaring red flags - cash on hand has slid to US$94 million and operating cash inflow turned into an outflow of US$2.4 million. With borrowings of some US$1.5 billion and banks wary of taking on more risk given the soured loans in the oil and gas sector, the potential knock-on effect on Ezion's financing abilities - not immediately but eventually - very swiftly turned into a real worry.

But Ezion, majority owned by low-key and able chief executive Chew Thiam Keng, who built the firm up from a languishing electrical company in 2007 and not long after turned it into a thriving provider of offshore marine services to the oil and gas sector, did not let investors sit with that fear alone. It also imbued some hope, just a little but good enough - for now.

On Aug 14, the day of the results release, it called for a mandatory trading suspension (trading in its shares were halted since Aug 10). Shortly after, Ezion told shareholders about a make-it-or-break-it survival plan, which essentially involved talking to lenders (and maybe, also bondholders) to reform its financing and capitalisation structure.

"The exercise took the market by surprise as Ezion is seen as one of the 'last men standing' among SGX-listed asset owners in the O&G space, given its strong market positioning, positive operating cash flow (up to first quarter 2017) and decent cash balance," said DBS Group Research.

The outcome of Ezion's bite-the-bullet plan could take several months and hinges on goodwill from lenders and for believers, a Hail Mary, as Ezion itself somewhat admitted to when it asked for shareholders' "understanding and prayers" to achieve a favourable outcome.

Up to now, Ezion and its chief have done just about all they could given the hard times.

Last year, Mr Chew and wife, who is also a shareholder, ploughed a substantial amount of money into the company under a cash call. Based on data from Spiking, a home-grown app that tracks stock trades by sophisticated investors, Mr Chew has not sold any shares since 2014 - the year of the oil price crash.

In fact, he scooped up some four million Ezion shares between December 2014 and August last year between S$1.175 and 22 Singapore cents apiece.

Given that the counter was last traded at 19.7 Singapore cents, can there be better comfort than the fact that Ezion's fate partly lies in the hands of a reliable steward with skin in the game who had stood by the stock over and over again?

There were other endeavours. Earlier in the year, Ezion found breathing space when it negotiated a repayment plan with banks to match the cash flow of its rigs. In February, it inked a pact with one of China's largest state-owned power firms to diversify its income stream to offshore wind farms.

So, don't be mistaken. Ezion has not fallen it has not defaulted on debt nor is troubled like Swiber Holdings, Ezra Holdings or Nam Cheong.

This is Ezion fighting or as they call it in the boxing world, "ready to rumble" - the debt talks are pre-emptive in the event its cash position remains under pressure beyond three or four quarters.

But it's a "precarious" situation nevertheless, says UOB Kay Hian analyst Foo Zhiwei in a recent report. "A failure to get banks and bond-holders to agree to a debt deal could put the company in severe financial strain by next year, which could have dire consequences on its survivability," he added.

And so, for the sake of Ezion, a clear favourite in the offshore and marine space, may the best man win.

“The crowd always loses because the crowd is always wrong. It is wrong because it behaves normally.” ~ Fred C. Kelly

Cautionary tale of research reports
http://www.thestar.com.my/business/business-news/2016/02/27/cautionary-tale-of-research-reports/

In-house stock analysts' persistent BUY calls and price targets on Ezion were unanimously wrong (2 Jun 2014 to 22 May 2015)




Offline zuolun

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Re: Casino Stocks
« Reply #206 on: August 26, 2017, 08:19:41 AM »
When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low.

SingPost ~ Trading in a downward sloping channel

SingPost closed with an inverted hammer @ S$1.245 (-0.015, -1.2%) with 9.22m shares done on 25 Aug 2017.

Immediate support @ S$1.22, immediate resistance @ S$1.26.




Offline zuolun

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Re: Casino Stocks
« Reply #207 on: August 26, 2017, 08:41:05 AM »
内忧外患,四面楚歌。

Pressure piles up as IRB raids companies of Mahathir’s 3 sons ~  10 Aug 2017
http://www.freemalaysiatoday.com/category/nation/2017/08/10/pressure-piles-up-as-irb-raids-companies-of-mahathirs-3-sons/

Dollar slides against the euro after Draghi’s Jackson Hole speech ~ 25 Aug 2017
http://www.marketwatch.com/story/dollar-tilts-lower-as-markets-get-set-for-yellen-speech-2017-08-25
  • The ICE U.S. Dollar Index DXY, -0.72% a gauge of the greenback against six rivals, traded at 92.5590, back up from an intraday low of 92.465, which was its lowest level in the year-to-date. On the week, the index lost, 0.9%.
  • The WSJ Dollar Index BUXX, -0.59% a broader measure of the buck’s movement, shed 0.6% to 85.63, also the lowest level of the year.
Malaysia's GDP should be measured in both dollars and ringgit, of course ~ 25 Aug 2017
https://www.forbes.com/sites/timworstall/2017/08/25/malaysias-gdp-should-be-measured-in-both-dollars-and-ringgit-of-course/#1da6baac38b4

Malaysia’s central bank criticises SGX’s trading of ringgit futures ~ 11 Aug 2017
http://www.channelnewsasia.com/news/business/malaysia-s-central-bank-criticises-sgx-s-trading-of-ringgit-9112900

BNM warns banks not to trade offshore in Malaysian currency ~ 10 Aug 2017
https://www.centralbanking.com/central-banks/financial-stability/3281331/bnm-warns-banks-not-to-trade-offshore-in-malaysian-currency


Offline odie

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Re: Casino Stocks
« Reply #208 on: August 27, 2017, 09:13:41 PM »
zuolun bro,

http://sgwealthbuilder.com/category/equities-investment-analysis/
they have write ups on raffles medical, noble, hour glass, ocbc, sheng siong, sia, tat hong

Offline odie

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Re: Casino Stocks
« Reply #209 on: August 27, 2017, 09:47:14 PM »
NSL is worth looking at too

Offline zuolun

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Re: Casino Stocks
« Reply #210 on: August 28, 2017, 10:16:17 AM »
zuolun bro,

http://sgwealthbuilder.com/category/equities-investment-analysis/
they have write ups on raffles medical, noble, hour glass, ocbc, sheng siong, sia, tat hong

As long as the long-term horizontal support @ S$1.02 is not broken convincingly with high volume, RMG's long-term uptrend remains intact.

RMG ~ Trading in a downward sloping channel, downside biased

RMG closed with a hammer @s$1.145 (-0.005, -0.4%) with 2.33m shares done on 25 Aug 2017.


Offline zuolun

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Re: Casino Stocks
« Reply #211 on: August 28, 2017, 12:53:15 PM »
NSL is worth looking at too

太极拳之怀中抱月
https://www.youtube.com/watch?v=jeh5uinWCnU

NSL ~ Bearish Head-and-Shoulders

NSL closed with a white marubozu @ S$1.425 (+0.01, +0.7%) with thin volume done at 13,100 shares  on 25 Aug 2017.


Offline zuolun

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Re: Casino Stocks
« Reply #212 on: August 28, 2017, 06:31:20 PM »
Linear Regression Channel
http://www.onlinetradingconcepts.com/TechnicalAnalysis/LinRegChannel.html
Similar to the 200-day Moving Average, large institutions often look at long term Linear Regression Channels. .

A Linear Regression Channel consists of 3 parts:
  • Linear Regression Line (直线回归线): A line that best fits all the data points of interest.
  • Upper Channel Line: A line that runs parallel to the Linear Regression Line and is usually 1 to 2 standard deviations above the Linear Regression Line.
  • Lower Channel Line: This line runs parallel to the Linear Regression Line and is usually 1 to 2 standard deviations below the Linear Regression Line.
The multi-year chart of the S&P 500 exchange traded fund (SPY) shows prices in a steady uptrend and maintaining in a tight 1 standard deviation Linear Regression Channel:



PB Bank ~ In an uptrend support holds, in a downtrend support breaks

PB Bank closed @ RM20.60 on 1 Aug 2017.



Offline zuolun

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Re: Casino Stocks
« Reply #213 on: August 29, 2017, 07:26:34 AM »
Malaysian central bank's international reserves up marginally to US$100.4 billion ~ 22 Aug 2017
http://news.xinhuanet.com/english/2017-08/22/c_136546393.htm

Malaysian currency in free fall ~ 11 Aug 2015
Reserves have fallen from about US$140 billion to around US$100 billion.


Offline zuolun

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Re: Casino Stocks
« Reply #214 on: August 29, 2017, 08:00:50 AM »
谋定而后动,知止而有得 ; 买入任何股票之前,一定要摸清庄家的底。有黑底的庄家,肯定是从头黑到底!



Robert Frost (1874–1963).  Mountain Interval.  1920.
 
1. The Road Not Taken


TWO roads diverged in a yellow wood,   
And sorry I could not travel both   
And be one traveler, long I stood   
And looked down one as far as I could   
To where it bent in the undergrowth;   

Then took the other, as just as fair,   
And having perhaps the better claim,   
Because it was grassy and wanted wear;   
Though as for that the passing there   
Had worn them really about the same,   

And both that morning equally lay   
In leaves no step had trodden black.   
Oh, I kept the first for another day!   
Yet knowing how way leads on to way,   
I doubted if I should ever come back.   

I shall be telling this with a sigh   
Somewhere ages and ages hence:   
Two roads diverged in a wood, and I—   
I took the one less traveled by,   
And that has made all the difference.

http://www.bartleby.com/119/1.html

Offline zuolun

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Re: Casino Stocks
« Reply #215 on: August 30, 2017, 07:55:40 AM »
Strong Singdollar, stringent stamp duty scare off foreign property buyers ~30 Aug 2017
http://www.todayonline.com/business/strong-singdollar-stringent-stamp-duty-scare-foreign-property-buyers

Singapore's "Shadow" Intervention ~ 18 May 2017
https://www.cfr.org/blog/singapores-shadow-intervention



Bank Negara unable to stem ringgit's plunge against other currencies ~ 1 Dec 2016

SGD-MYR ~ May 2015


Linear Regression Channel
http://www.onlinetradingconcepts.com/TechnicalAnalysis/LinRegChannel.html

The multi-year chart of the S&P 500 exchange traded fund (SPY) shows prices in a steady uptrend and maintaining in a tight 1 standard deviation Linear Regression Channel:


Offline zuolun

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Re: Casino Stocks
« Reply #216 on: August 31, 2017, 06:50:21 AM »
In technical analysis, a stock that has made a new low is a strong signal to short (sell into strength), not long.

Short Selling
http://www.investopedia.com/terms/s/shortselling.asp

What is Short Selling?
https://www.youtube.com/watch?v=fmAcDWZwTw4

How to Short Sell
https://www.youtube.com/watch?v=FFwkfsyc5tU

Nigeria's Big Short ~ 15 Aug 2017
https://www.stearsng.com/article/nigerias-big-short

Malaysia's Bank Negara hits out at SGX  and ICE for launching ringgit futures ~ 10 Aug 2017
http://www.thestar.com.my/business/business-news/2017/08/10/bank-negara-hits-out-at-sgx-and-ice/

The ringgit is easily Asia's strongest currency ~ 29 Jun 2017
https://www.bloomberg.com/news/articles/2017-06-28/malaysia-shrugs-off-1mdb-scandal-to-become-second-quarter-star
  • Samsung Asset buys banks, construction stocks before election
  • Benchmark index soared to a two-year high as earnings improved




Can the strength of the ringgit be sustained? ~ 9 May 2017
http://fifthperson.com/can-the-strength-of-the-ringgit-be-sustained/



Malaysia’s central bank to expand short-selling of govt securities from May 2 ~ 13 Apr 2017
http://www.reuters.com/article/malaysia-cenbank-ringgit-idUSL3N1HL2NS

Things will get worse for the Malaysian Ringgit: BMI Research ~ 9 Jan 2017
https://www.bloomberg.com/news/articles/2017-01-04/things-will-get-worse-for-the-malaysian-ringgit-bmi-research


Offline zuolun

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Re: Casino Stocks
« Reply #217 on: August 31, 2017, 08:59:45 AM »
The Matthew effect: Uptrend stocks have higher chances to make a good profit than downtrend stocks.
马太效应:强者越强,弱者越弱。


Mix with people whose foreheads are shining like the monks, not people whose foreheads are dark with faces looking very haggard.
近朱者赤,近墨者黑。



鹅蛋脸
椭圆脸又称鹅蛋脸,是最中国人标准的脸型。鹅蛋脸和长脸的区别在于鹅蛋脸横向是以眼睛的比例刚好是脸颊宽度的五分之一,纵向是额头、鼻子、到下巴也刚好是相等的鹅蛋脸。

脸型特征:
1、线条弧度流畅,整体轮廓均匀。
2、额头宽窄适中,与下半部平衡均匀。
3、颧骨中部最宽,下巴成圆弧形。


Offline zuolun

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Re: Casino Stocks
« Reply #218 on: August 31, 2017, 09:42:04 AM »
谋定而后动,知止而有得 ; 买入任何股票之前,一定要摸清庄家的底。有黑底的庄家,肯定是从头黑到底!

AMEDIA ~ Uptrend broken; price collapsed

AMEDIA closed with a four-price doji unchanged @ RM0.12 with 398,000 shares done on 26 May 2017.



AMEDIA ~ Uptrend broken; price collapsed

AMEDIA closed with a white marubozu @ RM0.345 (+0.025, +7.8%) with 26.3m shares done on 18 Oct 2012.


Offline zuolun

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Re: Casino Stocks
« Reply #219 on: September 02, 2017, 02:55:47 PM »
In technical analysis, a stock that has made a new low is a strong signal to short (sell into strength), not long.

Spackman ~ Trading in a downward sloping channel, downside biased

Spackman closed with a hammer @ S$0.121 (-0.002 -1.6%) with 5.35m shares done on 31 Aug 2017.

Immediate support @ S$0.119, immediate resistance @ S$0.128.



Double Top Chart Pattern



Spackman ~ Double Top Chart Pattern

Spackman closed with an inverted hammer @ S$0.168 (-0.002, -1.2%) with 15.2m shares done on 6 Mar 2017.

Immediate support @ S$0.162, immediate resistance @ S$0.185.


Offline odie

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Re: Casino Stocks
« Reply #220 on: September 03, 2017, 10:10:29 PM »
https://www.poundsterlinglive.com/gbp-live-today/7346-gbp-to-eur-conversion-outlook-ecb-tapering

Sept 7 is the Key Date in British Pound / Euro Exchange Rate's Outlook
Modified: Saturday, 19 August 2017 09:46 Written by Gary Howes  Subscribe to our Newsletter  Follow us on Twiiter
 Exchange rate decline
The immediate outlook for the Pound to Euro exchange rate rests with the message delivered by the European Central Bank at their September policy meeting - here are the issues to consider.
Pound Sterling needs a game-changer aginst the Euro.
Technical studies tell us that the trend is still unrelentingly pointed lower across all timeframes, so readers hoping for a stronger UK currency must reconcile themselves with the uncomfortable truth that values will likely continue to get worse before they get better in the current market environment.
The Euro "has seen a strong rally since April this year and reinforced its large base set above 0.8852. This keeps the immediate risk still higher," says Christopher Hine, a technical strategist with Credit Suisse commenting on the EUR/GBP outlook.
He believes that there is a very real prospect that the EUR/GBP breaks through resistance at 0.9142 and ultimately hits his “core target” at 0.94.
This gives a fall in the Pound to Euro exchange rate to 1.0633.
Pound to Euro trend is down
Above: Don't try and catch a falling knife: The Pound is going lower according to technical analysts.
Of course this might or might not come to pass and the GBP/EUR could turn around or crack even lower.
What is clear to us is that until we get some real meat in Brexit talks, GBP/EUR’s near-term future rests largely with what happens to the Euro.
How much more strength can it offer, and what could halt or accelerate the strength?
The answer almost certainly rests with the European Central Bank.
The Only Game in Town: The ECB
In July the Euro shot higher as - at a press briefing - ECB President Mario Draghi effectively offered a sanguine response to a question as to whether or not he thought the Euro’s rapid rise to date was of little concern.
"It's true there have been movements in bond price, asset price, exchange rates and so on," noted Draghi, "but financing conditions remain supportive."
We reflected that the ECB President had effectively green-lighted the Euro’s strength to markets who stocked up on yet more Euros.
“Draghi’s verbal shrug-of-the-shoulders on the exchange rate encouraged the subsequent EUR appreciation,” says Mark Wall, Chief Economist at Deutsche Bank.

Above: Watch the full press conference where Draghi shows little concern for a rising Euro.
This narrative has however been questioned on August 17 after the ECB released the minutes to its July meeting and the message appears to be a little different.
The account of the ECB’s July monetary policy meeting have been published in which “concerns were expressed about the risk of the exchange rate overshooting in the future.”
This line spooked markets and the Euro gave up ground to the likes of Sterling and the US Dollar.
So we have mixed messaging here - on one hand Draghi is saying he isn’t too fussed and on the other the minutes to the meeting Draghi had just attended suggest the ECB is actually fussed.
Markets will take this mixed messaging on board and will therefore wait for more direction. It’s by no means a signal of intent by the ECB that it will pursue a weaker exchange rate.
For sure, the ECB will be happy that markets have calmed down somewhat; they would rather the Euro moved higher at a more pedestrian pace.
It could therefore be that the Pound to Euro exchange rate continues to head lower, albeit at a slower pace.
But time and again we have heard central banks talk their currencies down to only see it head in the other direction as the key point about verbal intervention is it needs to be backed up by action.
The second the market figures out that the words coming out of the Chief’s mouth are hollow, they will exact punishment.
That is why the ECB’s approach to its tapering programme is ultimately where the Euro’s fate lies.
Get up to 5% more foreign exchange by using a specialist provider by getting closer to the real market rate and avoid the gaping spreads charged by your bank for international payments. Learn more here.
What is Tapering and Why Does it Matter?
The European Central Bank is currently buying €60BN worth of bonds a month under its quantitative easing programme which seeks to ensure price financial stability in the Eurozone - it is hoped injecting this amount of cash into the economy will stimulate growth and push prices up such that inflation reaches a target of 2%.
But months of better-than-forecast economic growth suggests prices will soon rise to hit target and the bond purchase programme therefore becomes redundant at best, dangerous at worst.
For markets the question becomes how and when the €60BN bond buying programme - also known as quantitative easing - is shut down.
How this is done is incredibly important - go too fast and interest rates and the Euro shoot higher which could potentially destabilise the Eurozone. Go too slow and the economy could overheat and inflation surges beyond the 2% target.
Markets expect the ECB to announce a slower pace of asset purchases in September, with actual tapering likely to begin in early 2018.
Economists believe the ECB will likely bring monthly purchases down by €15–20 billion and should take at least a quarter.
Anticipation for such a move has seen the Euro move notably higher against the US Dollar, Pound Sterling and most other major currencies over the course of 2017.
The risk now is that the ECB - having seen how high the Euro has climbed - decides to push back the date of tapering. They could also announce a smaller-than-expected taper amount which would see the programme run for longer than many are expecting.
For instance, Deutsche Bank’s view is the ECB may announce at the press conference on 26 October that it is extending QE until mid-2018 at the slower rate of EUR40bn per month.
Such a move would certainly shake the Euro lower; the key vulnerability for the currency right now therefore is the whole debate around tapering.
The Way Forward: September 7 = The Euro’s Day with Destiny
The Euro’s route forward is likely to be determined by communications from key ECB board members and communications from the Bank itself at official meetings.
Watch Draghi’s appearance in Jackson Hole, Wyoming where he is to attend the Kansas Fed’s Symposium.
In the past he has signalled policy intentions at the event. While press reports suggest this time no such communication is likely, he could still directly address the Euro’s valuation.
Again, talk will likely have limited impact on the Euro.
The biggie for the Euro therefore comes at the September ECB meeting where forecasts from the Bank’s staff are also released. This would likely be where the intent to taper is announced.
No taper announcement in September will surely hurt the Euro hard. The meeting takes place on September 7.
So until then, remember the trend is your friend - or rather not your friend if you are dismayed by the Pound’s relentless decline in value.

Offline zuolun

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Re: Casino Stocks
« Reply #221 on: September 04, 2017, 04:21:46 PM »
Yangzijiang looks to raise $154m from share placement ~ 31 Aug 2017
http://www.seatrade-maritime.com/news/asia/yangzijiang-looks-to-raise-154m-from-shares-placement.html

Yangzijiang ~ Completed the impulse 5-Wave up

Yangzijiang gapped down and closed with a black marubozu @ S$1.495 (-0.13, -8%) with extremely high volume done at 220m shares on 31 Aug 2017.



Yangzijiang ~ Bearish Head-and-Shoulders ~ 18 Aug 2017


Offline zuolun

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Re: Casino Stocks
« Reply #222 on: September 05, 2017, 08:24:44 AM »
行到水穷处,坐看云起时。 “A star will shine in the midst of darkness. A flower will bloom in the midst of dirt. A camel will flourish in the midst of doubt. A diamond will form in the midst of pressure. A champion will rise in the midst of hardship.” ― Matshona Dhliwayo

SPH ~ Trading in a downward sloping channel

SPH closed with a black marubozu @ S$2.72 (-0.04, -1.4%) with 6.26m shares done on 4 Sep 2017.

Immediate support @ S$2.60, immediate resistance @ S$2.80.



SPH ~ Trading in a downward sloping channel

SPH closed with a spinning top @ S$3.18 (+0.02, +0.6%) with 4.45m shares done on 16 Jun 2017.


TODAY to revert to Temasek Holdings; has media liberalisation really succeeded? ~ 29 Aug 2017
https://www.theonlinecitizen.com/2017/08/29/today-to-revert-to-temasek-holdings-has-media-liberalisation-really-succeeded/

SPH divesting stakes in Mediacorp entities

By Judith Tan
26 Aug 2017

SINGAPORE Press Holdings (SPH) is divesting its stakes in Mediacorp entities, it announced on Friday.

This decision follows Mediacorp's decision to cease its newspaper Today, making it fully digital.

The stakes - 20 per cent in Mediacorp TV Holdings and 40 per cent in Mediacorp Press- will be sold for S$18 million and SPH expects to record a write down of approximately S$31 million in its books.

This follows an earlier-announced sale of online classifieds business 701Search, on which SPH is expected to recognise a profit of about $150 million.

An agreement was reached with Mediacorp on Friday for the latter to buy the stakes and the deal, expected to be completed at the end of September, is subject to regulatory approval.

Once completed, both entities will become wholly owned subsidiaries of Mediacorp. Mediacorp TV Holdings owns Channels 5, 8 and U and Mediacorp Studios; while Mediacorp Press operates the Today newspaper.

The deal comes 12 years after SPH bought the stakes as part of a media industry asset consolidation in 2005. During the consolidation, SPH transferred a TV channel to Mediacorp and took a 20 per cent stake in Mediacorp TV Holdings. It also merged its free newspaper Streats with Today, and invested in a 40 per cent stake of Mediacorp Press.

SPH executive director and CEO-Designate Ng Yat Chung said the proposed divestment will allow SPH to focus on its core media business.

"Free-to-air television is not core to SPH's business and the divestment of the stake in Today follows Mediacorp's decision to turn it into a fully digital product. This rationalisation will allow us to focus our energies on serving our audience and advertisers best through a suite of strong media products across the print, digital and radio platforms," he said.

As part of the deal announced on Friday, Mediacorp will also stop publishing any soft copy or computer-readable format of Today that has the look and feel of a hardcopy version of the newspaper, for a period of five years.

SPH has 17 newspaper titles which cater to different interests and needs.

Apart from its flagship dailies in four languages - The Straits Times, Lianhe Zaobao, Berita Harian and Tamil Murasu, SPH has freesheet The New Paper, business daily The Business Times, Chinese evening papers Shin Min Daily and Lianhe Wanbao, and student publications.

On an average day, 2.5 million individuals, or 59 per cent of people above 15 years old, read one of SPH's news publications in print copies or one of its digital platforms.

In a separate statement, Mediacorp announced that Todaywill discontinue its print edition and become the first newspaper in Singapore to be fully digital. Its last print edition will go out at end-September.

This means about 40 roles will be made redundant, Mediacorp said. It added that it will explore options to redeploy affected staff to other roles and where this is not possible, eligible staff will be offered severance packages and outplacement support.

SPH shares ended Friday down 2 Singapore cents at S$2.76.

Offline zuolun

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Re: Casino Stocks
« Reply #223 on: September 05, 2017, 10:45:52 AM »
Sold my IHH

横看成岭侧成峰,远近高低各不同。
不识庐山真面目,只缘身在此山中。


IHH ~ Trading in a downward sloping channel

IHH closed with a spinning top @ RM5.99 (-0.02, -0.3%) with 3.72m shares done on 30 Aug 2017.

Immediate support @ RM5.86, immediate resistance @ RM6.05.



IHH ~ Trading in a downward sloping channel

IHH closed with a white marubozu @ RM6.02 (+0.12, +2%) with 6.56m shares done on 2 Jun 2017.

Immediate support @ RM6.00, immediate resistance @ RM6.15.


Offline zuolun

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Re: Casino Stocks
« Reply #224 on: September 07, 2017, 09:52:35 AM »
RMG ~ Trading in a downward sloping channel, TP S$0.83

RMG closed with a hammer @ S$1.04 (-0.025, -2.3%) with high volume done at 7.51m shares on 6 Sep 2017.



As long as the long-term horizontal support @ S$1.02 is not broken convincingly with high volume, RMG's long-term uptrend remains intact.

RMG ~ Trading in a downward sloping channel, downside biased

RMG closed with a hammer @s$1.145 (-0.005, -0.4%) with 2.33m shares done on 25 Aug 2017.



Offline zuolun

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Re: Casino Stocks
« Reply #225 on: September 09, 2017, 07:04:20 AM »
Palm tumbles on ringgit rally, market slow awaiting fresh data ~ 8 Sep 2017
https://in.reuters.com/article/asia-vegoils/vegoils-palm-tumbles-on-ringgit-rally-market-slow-awaiting-fresh-data-idINL4N1LP2A6

Wilmar ~ Trading in a downward sloping channel, interim TP S$2.98

Wilmar closed with a spinning top @ S$3.24 (-0.02, -0.6%) with 3.65m shares done on 8 Sep 2017.

Immediate support @ S$3.19, immediate resistance @ S$3.28.


Offline zuolun

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Re: Casino Stocks
« Reply #226 on: September 09, 2017, 02:24:12 PM »
PPB ~ Descending Triangle formation

PPB closed with a hanging man @ RM16.82 (+0.08, +0.5%) with 279,900 shares done on 8 Sep 2017.

Immediate support @ RM16.77, immediate resistance @ RM16.92.



Hanging man 吊死鬼


Offline odie

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Re: Casino Stocks
« Reply #227 on: September 09, 2017, 08:47:22 PM »
CACHE announces rights issue to raise $102.7m

This will fund debt repayment and add headroom.

Cache Logistics Trust (CACHE) issued a rights issue of 162.6 million new units to raise gross proceeds of $102.7m.

According to OCBC Investment Research, rights units will be offered at a ratio of 18 new units for every 100 existing ones. Units were priced 63 cents each.

Proceeds will be used to partially repay CACHE’s debt to reduce aggregate leverage and create additional headroom.

Here's more from OCBC:

On a pro forma basis, FY16 DPU would decrease by 10.9% from 7.725 S cents to 6.882 S cents.

Similarly, pro forma FY16 NAV per unit would decrease by 3.3% from S$0.779 to S$0.753.

The rights units will rank pari passu to the existing units, and will include the right to distributions which have accrued for 3Q17.

This will reduce CACHE’s gearing from 43.4% as at 30 Jun 2017 to 35.5%. Against the regulatory gearing limit of 45%, Cache will have an enlarged debt headroom of S$281.1m for potential acquisitions as well as asset enhancement initiatives.

Offline odie

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Re: Casino Stocks
« Reply #228 on: September 09, 2017, 09:27:14 PM »
http://www.aberdeen-asia.com/en/singaporeretail/insight/market-reports

Offline zuolun

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Re: Casino Stocks
« Reply #229 on: September 10, 2017, 09:30:46 AM »
U.S. dollar tumbles as investors weigh impact of Hurricane Irma on economy ~ 9 Sep 2017
https://www.fxempire.com/news/article/u-s-dollar-tumbles-as-investors-weigh-impact-of-hurricane-irma-on-economy-436133
The EUR/USD finished the week at 1.2034, up 1.46%, putting it up more than 14% this year.

Gold could soon hit $1,400, but downside risks remain, strategists warn ~ 7 Sep 2017
https://www.cnbc.com/2017/09/07/gold-prices-to-hit-1400-on-dollar-weakness-and-north-korea.html
  • Gold is currently trading around $1,340 per ounce. It is up 2.45 percent over the past seven days.
  • The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold prices. Dollar weakness is also supportive.
  • Yet downside risks remain. If the dollar rebounds, then gold prices would fall.


Gold Daily Chart ~ 7 Sep 2017




Double & Triple Bottoms & Tops


Offline zuolun

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Re: Casino Stocks
« Reply #230 on: September 10, 2017, 11:11:38 AM »
Ringgit unleashed ~ 9 Sep 2017
http://www.malaysia-chronicle.com/ringgit-unleashed/

US dollar takes a battering amid fears of delay in rate hike ~ 9 Sep 2017
http://www.straitstimes.com/business/economy/us-dollar-takes-a-battering-amid-fears-of-delay-in-rate-hike
The S$ has surged 7.9% to the US dollar since Dec 28 last year, when it hit 1.4517. It was at 1.3370 yesterday - a level not seen since Aug 16 last year.

Malaysia's currency may continue its uptrend ~ 8 Sep 2017
http://news.xinhuanet.com/english/2017-09/08/c_136594222.htm

Asia EM FX on the rise especially the Ringgit ~ 7 Sep 2017
http://www.marketpulse.com/20170907/asia-em-fx-rise-especially-ringgit/

Yuan surge ensures rising ringgit remains undervalued ~ 7 Sep 2017
http://www.theedgemarkets.com/article/yuan-surge-ensures-rising-ringgit-remains-undervalued

Zeti calls forex scandal dark episode in BNM history; claims she learned of losses through media ~ 6 Sep 2017
https://www.nst.com.my/news/nation/2017/09/276785/zeti-calls-*-episode-bnm-history-claims-she-learned

Malaysia's cenbank reserves rise slightly to $100.5 bln as of Aug 30 ~ 6 Sep 2017
https://www.reuters.com/article/malaysia-economy-reserves/malaysias-cenbank-reserves-rise-slightly-to-100-5-bln-as-of-aug-30-idUSL4N1LN2KA

RM31.5b lost, hidden from public ~ 22 Aug 2017
http://www.dailyexpress.com.my/news.cfm?NewsID=119513

RCI: BNM lost RM31.5b between 1991 and 1994 ~ 21 Aug 2017
http://www.themalaymailonline.com/malaysia/article/rci-bnm-lost-rm31.5b-between-1991-and-1994#BZJJg9lbEPQYW6zH.97

Tun Dr Mahathir Mohamad’s lawyers, (from left) Sivarasa Rasiah, Gurdial Singh Nijar and Mohamed Haniff Khatri, outside the Court of Appeal during the RCI on BNM 1990s Forex Losses second hearing at the Palace of Justice, Putrajaya, August 21, 2017.


Offline zuolun

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Re: Casino Stocks
« Reply #231 on: September 11, 2017, 11:44:57 AM »
微風細雨
https://www.youtube.com/watch?v=6m8jJfxfwjQ

成功的人不是赢在起点,而是赢在转折点。"A hero is nothing but a product of his time."

What is KRD or Key Reversal Day? (什么是转折点?)
http://www.investinganswers.com/financial-dictionary/technical-analysis/key-reversal-1312

AirAsia ~ Trading in an upward sloping channel

AirAsia closed @ RM3.53 with 23.61m shares done on 8 Sep 2017.



AirAsia closed @ RM0.78 with high volume done at 120m shares on 26 Aug 2015.


Offline zuolun

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Re: Casino Stocks
« Reply #232 on: September 11, 2017, 12:42:13 PM »
微風細雨
https://www.youtube.com/watch?v=6m8jJfxfwjQ

成功的人不是赢在起点,而是赢在转折点。"A hero is nothing but a product of his time."

What is KRD or Key Reversal Day? (什么是转折点?)
http://www.investinganswers.com/financial-dictionary/technical-analysis/key-reversal-1312

UMS ~ Trading in an upward sloping channel

UMS closed at high of S$1.26 in May 2017, last done @ S$0.90 (-0.37, -29.2%) on 8 Sep 2017.



UMS ~ Trading in an upward sloping channel

UMS closed @ S$0.198 on 8 Oct 2011.


Offline zuolun

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Re: Casino Stocks
« Reply #233 on: September 11, 2017, 04:12:55 PM »
UOB Kay Hian technical shortsell call at S$2.85 and cover short @ S$2.60.  8)

SPH falls 3.7% on heavy trading

By Cai Hao Xiang
Monday, September 11, 2017 - 13:10

AHEAD of full-year results due in October, shares in media and property group Singapore Press Holdings (SPH) were hotly traded on Monday, falling 10 Singapore cents to S$2.64, or 3.7 per cent, as at 1pm.

More than 9.5 million shares were traded, making it the top stock by value traded.

According to a report by UOB Kay Hian on Aug 31, where the broker did a page count, advertisements at flagship paper The Straits Times continued to decline year on year in the group's fourth quarter, which ended on Aug 31.

Total advertisements were flat quarter on quarter. Yet, it is too early to call a bottom, the broker said.

"Underlying structural issues persist, as noted by the widening divergence in print revenue and GDP (gross domestic product), where a strong correlation used to exist."

It had maintained a "hold" call and a target price of S$2.85 and an entry price of S$2.60, noting that SPH's share price is not expected to decline sharply unless advertising sees a larger-than-expected decline.

行到水穷处,坐看云起时。 “A star will shine in the midst of darkness. A flower will bloom in the midst of dirt. A camel will flourish in the midst of doubt. A diamond will form in the midst of pressure. A champion will rise in the midst of hardship.” ― Matshona Dhliwayo

SPH ~ Trading in a downward sloping channel

SPH closed with a black marubozu @ S$2.72 (-0.04, -1.4%) with 6.26m shares done on 4 Sep 2017.

Immediate support @ S$2.60, immediate resistance @ S$2.80.


Offline zuolun

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Re: Casino Stocks
« Reply #234 on: September 11, 2017, 06:05:24 PM »
Regardless of how PPB is bullish on Wilmar, the emphasis now is that major SSHs had been progressively unloading Wilmar shares at lower low prices. Follow the smart money; they sell, you follow sell, not buy.

丰益国际亮眼.PPB乐观看待下半年 ~ 10 Sep 2017
http://www.sinchew.com.my/node/1680722

Palm tumbles on ringgit rally, market slow awaiting fresh data ~ 8 Sep 2017
https://in.reuters.com/article/asia-vegoils/vegoils-palm-tumbles-on-ringgit-rally-market-slow-awaiting-fresh-data-idINL4N1LP2A6

Wilmar ~ Trading in a downward sloping channel, interim TP S$2.98

Wilmar closed with a spinning top @ S$3.24 (-0.02, -0.6%) with 3.65m shares done on 8 Sep 2017.

Immediate support @ S$3.19, immediate resistance @ S$3.28.



Offline odie

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Re: Casino Stocks
« Reply #235 on: September 11, 2017, 10:13:40 PM »
Raffles medical closed with black hammer
uncertain times ahead

Offline zuolun

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Re: Casino Stocks
« Reply #236 on: September 12, 2017, 11:52:34 AM »
UOB Kay Hian technical shortsell call at S$2.85 and cover short @ S$2.60.  8)

SPH falls 3.7% on heavy trading

By Cai Hao Xiang
Monday, September 11, 2017 - 13:10

Somewhere in time
https://www.youtube.com/watch?v=HjpXflQx18o

似曾相识
https://www.youtube.com/watch?v=3vmBR3Np8yM

In technical analysis, history repeats itself. The theory behind chart pattern is based on this assumption. The idea is that certain patterns repeat many times, and that these patterns signal a certain high probability move in a stock. Based on the historic trend of a chart pattern setting up a certain price movement, look for these patterns to identify trading opportunities. Follow the smart money; they sell, you follow sell, not buy.

SPH (weekly) ~ Bearish Diamond Top Breakout ~ 16 Jun 2017



SembCorp Marine (weekly) ~ Bearish Diamond Top Breakout ~ 5 May 2014



SembCorp Marine (weekly) ~ Bearish Diamond Top Breakout ~ 20 Jun 2017




Offline zuolun

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Re: Casino Stocks
« Reply #237 on: September 13, 2017, 08:34:49 AM »
In-house stock analysts' rating lingo:
“neutral” means SELL
“hold” means SELL
 “reduce” means SELL

Sembcorp Marine's US$145m (S$194.7m) addition orderbook within expectations ~ 12 Sep 2017
https://www.theedgesingapore.com/sembmarine%E2%80%99s-us145-mil-addition-orderbook-within-expectations
CIMB Research is maintaining “neutral” on Sembcorp Marine with an unchanged price target of S$1.65, which is based on 1.3 times price-to-book value (P/BV) — the stock’s average P/BV before early-2010’s crude oil price rally.

SembCorp Marine ~ Trading in a downward sloping channel, TP S$1.22

SembCorp Marine gapped-up and closed with a short-legged doji @ S$1.59 (+0.015, +1%) with 1.84m shares done on 12 Sep 2017.

Immediate support @ S$1.55, immediate resistance @ S$1.64.



SembCorp Marine ~ Trading in a downward sloping channel, downside biased

SembCorp Marine closed with a spinning top @ S$1.685 (-0.01, -0.6%) with 3.15m shares done on 31 Jul 2017.

Immediate support @ S$1.66, immediate resistance @ S$1.73.

The gaps created on 9 Mar 2017 and 28 Jul 2017 are strong sell signals.


Short-legged doji and long-legged doji


Offline zuolun

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Re: Casino Stocks
« Reply #238 on: September 15, 2017, 09:39:45 AM »
Technical Analysis: History repeats itself. The future is but a repetition of the past.

"What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun."

“已有的事,后必再有。已行的事,后必再行。日光之下并无新事。”

Bitcoin at crossroads after shedding more than $27 billion in value ~ 14 Sep 2017
http://www.marketwatch.com/story/bitcoin-at-crossroads-after-shedding-nearly-20-billion-in-value-2017-09-13



Main stages in a bubble


Offline zuolun

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Re: Casino Stocks
« Reply #239 on: September 17, 2017, 09:18:00 AM »
When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low.

ComfortDelgro ~ Bearish Butterfly Breakout, TP S$1.75

ComfortDelgro closed with a hammer @ S$2.12 (-0.06, -2.8%) with high volume done at 21.5m shares on 15 Sep 2017.

Immediate support @ S$2.05, immediate resistance @ S$2.17.

The gap created on 23 Aug 2017 was a strong SELL signal.



Example of a Bearish Butterfly Breakout Chart Pattern



ComfortDelgro ~ Bear Flag Breakout, interim TP S$2.12

ComfortDelgro closed with a bullish engulfing @ S$2.26 (+0.03, +1.3%) with 16.3m shares done on 7 Jul 2017.

Immediate support @ S$2.20, immediate resistance @ S$2.32.


Offline odie

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Re: Casino Stocks
« Reply #240 on: September 17, 2017, 09:38:27 AM »
Bro zuolun,

I am looking to buy back my 12k shares of Indoagri which i sold at 1.62 on 30/11/2011
should i buy just double my original number of shares which is 24k shares or i buy 42k shares (1.62 x 12k / 0.46 current price)?

thanks for your advice

Offline zuolun

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Re: Casino Stocks
« Reply #241 on: September 17, 2017, 03:24:09 PM »
Bro zuolun,

I am looking to buy back my 12k shares of Indoagri which i sold at 1.62 on 30/11/2011
should i buy just double my original number of shares which is 24k shares or i buy 42k shares (1.62 x 12k / 0.46 current price)?

thanks for your advice

IndoAgri ~ On the edge; immediate support @ S$0.45 must hold...... :'(



IndoAgri ~ Symmetrical Triangle formation

IndoAgri closed with an inverted hammer @ S$0.46 with 360,000 shares done on 15 Sep 2017.

Immediate support @ S$0.45, immediate resistance @ S$0.48.


Offline odie

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Re: Casino Stocks
« Reply #242 on: September 17, 2017, 07:33:27 PM »
Looks like it is having a higher lower
Thanks zuolun bro for share

Offline odie

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Re: Casino Stocks
« Reply #243 on: September 17, 2017, 07:40:02 PM »
Zuolun bro,
Sti like big head and shoulders
Stand by for plunge :phew:

Offline zuolun

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Re: Casino Stocks
« Reply #244 on: September 18, 2017, 08:53:13 AM »
Looks like it is having a higher lower
Thanks zuolun bro for share

"A picture is worth a thousand words."

Bullish and Bearish Symmetrical Triangle Chart Pattern



IndoAgri (weekly) ~ Symmetrical Triangle formation



Offline zuolun

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Re: Casino Stocks
« Reply #245 on: September 18, 2017, 09:01:51 AM »
IndoAgri ~ Symmetrical Triangle formation

IndoAgri closed with an inverted hammer @ S$0.46 with 360,000 shares done on 15 Sep 2017.

Immediate support @ S$0.45, immediate resistance @ S$0.48.



IndoAgri (weekly) ~ Symmetrical Triangle formation



Bullish and Bearish Symmetrical Triangle Chart Pattern


Offline odie

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Re: Casino Stocks
« Reply #246 on: September 18, 2017, 11:32:36 PM »
Zuolun bro, thanks for advice
Currently holding tat Hong at 36.5
Indoagri 46.5
Added datapulse at 29.5 today

Hope I don't die
Lol

Offline zuolun

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Re: Casino Stocks
« Reply #247 on: September 19, 2017, 07:59:22 AM »
“The most important thing to do if you find yourself in a hole is to stop digging.” ~ Warren Buffett

Example of Bearish Symmetrical Triangle Breakout Chart Pattern: Osim

Osim peaked @ S$2,94 on 22 May 2014 and hit a historical low of S$0.77. on 23 Jan 2016

Osim ~ Bearish Symmetrical Triangle Breakout

Osim closed with a doji unchanged @ S$1.67 with 5.86m shares done on 8 May 2015.

Immediate support @ S$1.62, immediate resistance @ S$1.745.



Bullish and Bearish Symmetrical Triangle Chart Pattern



Osim ~ Bearish Symmetrical Triangle Breakout

Osim closed with a doji @ S$0.975 (-0.025, -2.5%) with 870,000 shares done on 14 Jan 2016.

Immediate support @ S$0.90, immediate resistance @ S$1.01.



Osim ~ Bearish Symmetrical Triangle Breakout

Osim closed with a white marubozu @ S$0.835 (+0.035, +4.4%) with 3.24m shares done on 25 Jan 2016.

Immediate support @ S$0.77, immediate resistance @ S$0.86.


Offline zuolun

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Re: Casino Stocks
« Reply #248 on: September 19, 2017, 01:25:44 PM »
言多必失,沉默是金。(Silence is gold) : 沉默是一种气质,沉默是一种风度,受挫时要学会沉默 — 在沉默中镇定,在沉默中反省,在沉默中坚强,在沉默中撞击新的火花。

沉默是金
https://www.youtube.com/watch?v=QTvjNvMIl0g

IndoAgri ~ On the edge; immediate support @ S$0.45 must hold......

IndoAgri (weekly) ~ Symmetrical Triangle formation



Osim peaked @ S$2,94 on 22 May 2014 and hit a historical low of S$0.77. on 23 Jan 2016

Osim ~ Bearish Symmetrical Triangle Breakout


Offline zuolun

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Re: Casino Stocks
« Reply #249 on: September 20, 2017, 09:00:00 AM »
“The most important thing to do if you find yourself in a hole is to stop digging.” ~ Warren Buffett

ComfortDelgro ~ Bearish Butterfly Breakout, interim TP S$1.75, next TP S$1.56

ComfortDelgro closed with a black marubozu @ S$2.01 (-0.06, -2.9%) with high volume done at 20.6m shares on 19 Sep 2017.

Immediate support @ S$1.95, immediate resistance @ S$2.05.

The gaps created on May 15, Aug 23 and Sep 18 were strong SELL signals accompanied by high and extremely high volume.



Example of a Bearish Butterfly Breakout Chart Pattern