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Post by zuolun on Nov 26, 2013 9:22:02 GMT 7
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Post by puregold on Nov 26, 2013 10:29:27 GMT 7
In early 2013, with Xi Jinping elected as the new leader of China and his commitment to eradicate corruption, lavish gifts like baijiu are not allowed to be given to government officials or served in government functions.
Purely based on the above news, without looking at the financials of Dukang, I thought its share price would tank but surprisingly it continued to surge ahead and more than doubled to as high as 65c. However, it's share price is now back to where it started this year.
I guess if one trades Dukang solely on TA, it would still be a profitable bet....
I do not see any bottom yet..
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Dukang
Nov 26, 2013 11:25:16 GMT 7
odie likes this
Post by zuolun on Nov 26, 2013 11:25:16 GMT 7
In early 2013, with Xi Jinping elected as the new leader of China and his commitment to eradicate corruption, lavish gifts like baijiu are not allowed to be given to government officials or served in government functions. Purely based on the above news, without looking at the financials of Dukang, I thought its share price would tank but surprisingly it continued to surge ahead and more than doubled to as high as 65c. However, it's share price is now back to where it started this year. I guess if one trades Dukang solely on TA, it would still be a profitable bet.... I do not see any bottom yet.. Hi puregold, Dukang's mid-term bullish trend reversal was over after hitting high of S$0.65 on 7 Jun 2013. As the share price continues trending in a strong downward sloping channel, the 2 crucial support levels are; 1. The higher low @ S$0.205 scored in May 2012. 2. The lower low @ S$0.13 scored in Mar 2009. |
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Post by zuolun on Jan 13, 2014 11:00:05 GMT 7
Hi puregold, Dukang's mid-term bullish trend reversal was over after hitting high of S$0.65 on 7 Jun 2013. As the share price continues trending in a strong downward sloping channel, the 2 crucial support levels are; 1. The higher low @ S$0.205 scored in May 2012. 2. The lower low @ S$0.13 scored in Mar 2009. Dukang closed @ S$0.285 (+0.005, +1.8%) on 10 Jan 2014. Immediate resistance @ S$0.30, immediate support @ S$0.28, next support @ S$0.24.  Dukang (daily) — Descending triangle breakout; interim TP S$0.275 |
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Post by zuolun on Jan 18, 2014 2:09:09 GMT 7
Dukang — Descending triangle breakout; TP S$0.14Immediate resistance @ S$0.30, immediate support @ S$0.24. Dukang closed unchanged @ S$0.275 on 17 Jan 2014. 
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Post by zuolun on Feb 6, 2014 10:19:30 GMT 7
Dukang — Descending triangle breakout; TP S$0.14Immediate resistance @ S$0.30, immediate support @ S$0.24. Dukang closed unchanged @ S$0.275 on 17 Jan 2014. Prior to the profit guidance announced yesterday 5 Feb 2014, chart had given a clear signal to get out fast from Dukang in mid-Jan 2014. This is a typical BULL TRAP setup to trap the longs (bottom pickers). In Chinese, it's called 逃命坡 or Run for your life!
Profit guidance for the 2nd Qtr ended 31 Dec 2013 — 5 Feb 2014 Dukang — Descending triangle breakout; TP S$0.14Dukang gapped down after profit guidance announcement and traded @ S$0.199 (-0.061, -23.5%) on 6 Feb 2014 at 11.10am. Immediate resistance @ S$0.24, immediate support @ S$0.205.   |
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Dukang
May 13, 2014 21:23:32 GMT 7
Post by odie on May 13, 2014 21:23:32 GMT 7
closed at 19.9 cts
Profit for the period, attributable to
the owners of the Company
Quarter ended 31 Mar 2014 / 2013
7,460 vs 102,576 (92.7)
9mths ended 31 Mar 2014 / 2013
47,953 vs 310,443 (84.6)
NAV: 99.38 RMB cents
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Post by odie on May 24, 2014 19:52:36 GMT 7
bro zuolun,
this is another turn around play
at NAV
closed at 19.6 cts
will patiently wait
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Post by zuolun on May 25, 2014 10:02:44 GMT 7
bro zuolun, this is another turn around play at NAV closed at 19.6 cts will patiently wait No turnaround setup but a burnout play. High-risk reward ratio should the share price collapse 50% to < 10c and get suspended then delisted from SGX; only to be relisted on other stock exchange, elsewhere.  Prior to the profit guidance announced yesterday 5 Feb 2014, chart had given a clear signal to get out fast from Dukang in mid-Jan 2014. This is a typical BULL TRAP setup to trap the longs (bottom pickers). In Chinese, it's called 逃命坡 or Run for your life!
Profit guidance for the 2nd Qtr ended 31 Dec 2013 — 5 Feb 2014 Dukang — Descending triangle breakout; TP S$0.14Dukang gapped down after profit guidance announcement and traded @ S$0.199 (-0.061, -23.5%) on 6 Feb 2014 at 11.10am. Immediate resistance @ S$0.24, immediate support @ S$0.205. |
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Post by zuolun on Jun 28, 2014 15:20:42 GMT 7
Dukang — 油尽灯枯No turnaround setup but a burnout play. High-risk reward ratio should the share price collapse 50% to < 10c and get suspended then delisted from SGX; only to be relisted on other stock exchange, elsewhere. thanks bro zuolun for update Always good to keep stops tight i will get some dukang if it goes to your target price odie, 成也箫河，败也箫河。 ==> It is not difficult to guess who has created the strong selling pressure in Dukang. Read thru oldman's thread, Strong hands and weak hands  Dukang Distillers Holdings Ltd - Who is behind purchase of 43% stake? — 19 Sep 2013
Fidelity's deemed stake in Dukang Rises — 14 Oct 2013  Dukang — A "Stair-Step" Decline Chart Pattern; Interim TP S$0.176, TP S$0.14Dukang closed @ S$0.198 (-0.001, -0.5%) on 27 Jun 2014. Immediate resistance @ S$0.21, immediate support @ S$0.191.  |
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Post by zuolun on Jun 29, 2014 8:13:19 GMT 7
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Dukang
Sept 12, 2014 7:55:21 GMT 7
Post by odie on Sept 12, 2014 7:55:21 GMT 7
Dukang now at ard 18cts
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Post by zuolun on Sept 14, 2014 17:06:17 GMT 7
Dukang — A "Stair-Step" Decline Chart Pattern, biased to the downside TP S$0.14Dukang closed @ S$0.183 (+0.002, +1.1%) with extremely thin volume done at 61 lots on 12 Sep 2014. Immediate resistance @ S$0.191, immediate support @ S$0.171. 
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Dukang
Oct 25, 2014 7:07:33 GMT 7
Post by zuolun on Oct 25, 2014 7:07:33 GMT 7
The share price will collapse on its own weight with low / no volume.Dukang — Bearish Rectangle Breakout, Interim TP S$0.127, Next TP S$0.10Dukang closed with a white marubozu @ S$0.15 (-0.002, -1.3%) with extremely thin volume done at 120 lots on 24 Oct 2014. Immediate support @ S$0.143, immediate resistance @ S$0.154. 
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Dukang
Oct 25, 2014 12:31:18 GMT 7
Post by odie on Oct 25, 2014 12:31:18 GMT 7
zuolun bro,
luckily i didn't enter based on nav as it dropped way below that
LOL
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