Many thanks and wish you and your loved ones good health, wealth and happiness.
I jumped onto UE's bed today at 2.89.
Hope I don't die.
In an uptrend support holds, in a downtrend support breaks...what's the risk and reward on buying at the last burst of fire? (If there is a 30c or slightly > 10% profit within 1 to 2 months, lock-in partial profit; cut-loss once the key support @ S$2.66 breaks down convincingly with high volume.) Watch the video clip, Playing a blue sky breakout and The Gap Theory. The ichimoku chart indicates that UE is well-supported by the purple cloud; expect a retest of the last peak @ S$3.04. UE is a M&A play, the bet on further upside depends solely on the result of the deal dated 26 Aug 2014.
thanks zuolun bro for advice looks like a good double bottom
To win back the market share lost to the foreign offshore brokerage firms; the local ones need to revise the current brokerage fee structure. For a daytrader to make a profit of 2-bid on any mid-cap stocks based on brokerage fees @ 0.12% + other charges per order via a CCT account, the reward will be much more attractive if the brokerage fees is lowered to directly compete with those who charge @ S$15 nett per trade size.
An example of a swing-trade on UE (Long, cash a/c):