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SGX
Dec 5, 2013 11:59:43 GMT 7
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Post by zuolun on Dec 5, 2013 11:59:43 GMT 7
SGX — Bearish symmetrical triangle breakout; interim TP S$6.75
SGX broke the crucial support @ S$7.20 now trading @ S$7.08 (-0.04, -0.6%) on 5 Dec 2013 at 12.55 noon. SGX (weekly) — Mar 2008 to Oct 2013; longterm horizontal support @ S$7.19
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SGX
Dec 9, 2013 8:29:15 GMT 7
Post by zuolun on Dec 9, 2013 8:29:15 GMT 7
Odie, Don't put too much money into penny/micro penny stocks anymore; focus on big & mid-cap blue-chip stocks instead. Currently, only a handful of participating players in the "ABL" saga (mainly ang moh brokerage firms) who were directly involved had publicly reported their losses. But the rest remained dead silent on how much they had lost (including foreign supporting/agent firms who need to buy/sell SGX-listed shares via MAS approved & licensed foreign/local brokerage firms). The aftershock/rippling effects of the S$8 billion (US$6.4 billion) losses from the "ABL" saga may be damaging and unimaginative; the initial negative impact — Singapore Equity Trading Plummets on Penny-Stock Curbs. Based on Blumont alone; under nominees a/cs, local brokerage firms involved are UOB, POEMS, OCBC... pertama.freeforums.net/post/1487 SGX trading dives on penny-stock curbs — 3 Dec 2013 "The bourse is expected to report a 7.3% increase in net income to S$360.4 million in the year ending Jun 2014... That compares with 15% growth in the previous year."
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SGX
Dec 12, 2013 12:23:20 GMT 7
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Post by zuolun on Dec 12, 2013 12:23:20 GMT 7
SGX — Bearish symmetrical triangle breakout; interim TP S$6.75, next TP S$6.37SGX broke S$7.20, the longterm horizontal support with 3 dead crosses coupled with the confluence of the 20d, 50d, 100d and 200d MA, all plunging at the same time. Expect a bearish "waterfall decline" on SGX to TP S$6.37.
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SGX
Dec 12, 2013 12:33:19 GMT 7
Post by odie on Dec 12, 2013 12:33:19 GMT 7
thanks for update zuolun bro was going to go in if hit 690
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SGX
Dec 15, 2013 15:00:43 GMT 7
odie likes this
Post by zuolun on Dec 15, 2013 15:00:43 GMT 7
thanks for update zuolun bro was going to go in if hit 690 odie, SGX is currently extremely oversold but the selling pressure is > the buying strength. Alternative view:SGX — Trading in a long rectangle SGX has been consolidating in a long rectangle for 11 and a half months (from 2 Jan to 13 Dec 2013) bet. S$6.80 to S$7.65. Crucial support @ S$6.80, strong resistance @ S$7.20. Should the neckline support @ S$6.80 break, expect a steep correction of S$0.85 to TP S$5.95 (Duration min. 3 qtrs). SGX — Bearish symmetrical triangle breakout; interim TP S$6.75, next TP S$6.37SGX broke S$7.20, the longterm horizontal support with 3 dead crosses coupled with the confluence of the 20d, 50d, 100d and 200d MA, all plunging at the same time. Expect a bearish "waterfall decline" on SGX to TP S$6.37.
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SGX
Dec 15, 2013 21:05:10 GMT 7
Post by odie on Dec 15, 2013 21:05:10 GMT 7
noted with thanks zuolun bro will take a trading break, think only singpost can try
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SGX
Jan 23, 2014 12:55:07 GMT 7
oldman likes this
Post by zuolun on Jan 23, 2014 12:55:07 GMT 7
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SGX
Feb 5, 2014 15:44:28 GMT 7
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Post by zuolun on Feb 5, 2014 15:44:28 GMT 7
SGX — Bearish symmetrical triangle breakout; interim TP S$6.75, next TP S$6.37SGX broke S$7.20, the longterm horizontal support with 3 dead crosses coupled with the confluence of the 20d, 50d, 100d and 200d MA, all plunging at the same time. Expect a bearish "waterfall decline" on SGX to TP S$6.37. SGX — Trading below the 200d SMA with a confluence of 3 dead crosses hanging on topSGX traded with a black-black harami @ S$6.76 (+0.01, +0.1%) on 5 Feb 2014 at 4.40pm
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SGX
Feb 10, 2014 17:18:28 GMT 7
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Post by zuolun on Feb 10, 2014 17:18:28 GMT 7
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Post by oldman on Feb 10, 2014 18:08:18 GMT 7
I think with time, commission rates may also be revised downwards as the reason the local brokers here keep to their current commission structure is because of the contra risks that they have to bear (or rather, their remisiers have to bear). If the contra risks are removed completely, we may see more active participation by overseas discount brokers. The contra risks is unlikely to be removed completely so quickly but I think the writing may be on the wall. Only time will tell.
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SGX
Feb 11, 2014 11:12:20 GMT 7
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Post by zuolun on Feb 11, 2014 11:12:20 GMT 7
SGX — Trading in a long rectangle SGX has been consolidating in a long rectangle for 11 and a half months (from 2 Jan to 13 Dec 2013) bet. S$6.80 to S$7.65. Crucial support @ S$6.80, strong resistance @ S$7.20. Should the neckline support @ S$6.80 break, expect a steep correction of S$0.85 to TP S$5.95 (Duration min. 3 qtrs). SGX — Bearish rectangle breakout; TP S$5.90 (Duration min. 3 qtrs)
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Post by zuolun on Feb 15, 2014 10:09:38 GMT 7
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SGX
Mar 4, 2014 11:25:48 GMT 7
oldman likes this
Post by zuolun on Mar 4, 2014 11:25:48 GMT 7
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SGX
Mar 6, 2014 9:43:06 GMT 7
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Post by zuolun on Mar 6, 2014 9:43:06 GMT 7
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SGX
Mar 6, 2014 10:03:18 GMT 7
Post by oldman on Mar 6, 2014 10:03:18 GMT 7
zuolun , the BAL counters have lost both price and volume support which is in line with your thoughts above. Like they say, never bite the hands that feed you.
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