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Post by roberto on May 25, 2015 14:45:53 GMT 7
haha...your reply implies that you actually don't understand the benefits and limitations of technical analysis.  I believe the real difficulty and wisdom lies in the red portion of the quote. A craft that requires loads of experience. Two can look at the same chart and have largely different interpretations. Digressing somewhat, but some "perspective" pictures for amusement: Well, even after some years, I really can't say that I do. |
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Post by zuolun on Jun 10, 2015 10:25:03 GMT 7
Linc Energy ~ Bearish Gartley Bat formationLinc Energy had an inverted hammer and traded @ S$0.255 (+0.015, +6.3%) with 1.97m shares done on 10 Jun 2015 at 1115 hrs. Immediate support @ S$0.24, immediate resistance @ S$0.265.  Dear shifus, I tried to learn charting by duplicating zuolun's chart. Can I know how do I derive the immediate resistance? Thank you di , TA is an art and science. Do you see what I saw in your Linc Energy chart? Based on your imagination, try drawing a bearish gartley pattern formation.  (Nothing is impossible if you've an extremely bearish view on the probability of Linc Energy collapsing to S$0.012 per share.) 
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Post by westerndidi on Jun 18, 2015 15:06:17 GMT 7
Hi Zuolun, I'm learning to update the bearish gartley pattern as the support of $0.24 has been breached on the 12th. If the gartley pattern is st ill valid, can I deduce that the new support at $0.22 and resistance at $0.24? Thank you di  |
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Post by zuolun on Jun 18, 2015 16:03:29 GMT 7
Hi Zuolun, I'm learning to update the bearish gartley pattern as the support of $0.24 has been breached on the 12th. If the gartley pattern is st ill valid, can I deduce that the new support at $0.22 and resistance at $0.24? Thank you di , No, you cannot anyhow adjust the point C by lowering it down to S$0.22 because it is based on the Fibonacci retracement ratio. Once the critical support @ S$0.24 is broken convincingly (with or without volume) on 12th Jun 2015 and the share price traded below S$0.24, the bearish gartley pattern is negated and the dead cat bounce is done. Linc Energy is likely to retest the last low @ S$0.195 and continue to hit much further down to form a lower low.  |
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Post by westerndidi on Jun 19, 2015 10:48:05 GMT 7
Got it:-) Hi Zuolun, I'm learning to update the bearish gartley pattern as the support of $0.24 has been breached on the 12th. If the gartley pattern is st ill valid, can I deduce that the new support at $0.22 and resistance at $0.24? Thank you di , No, you cannot anyhow adjust the point C by lowering it down to S$0.22 because it is based on the Fibonacci retracement ratio. Once the critical support @ S$0.24 is broken convincingly (with or without volume) on 12th Jun 2015 and the share price traded below S$0.24, the bearish gartley pattern is negated and the dead cat bounce is done. Linc Energy is likely to retest the last low @ S$0.195 and continue to hit much further down to form a lower low. |
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Post by zuolun on Aug 1, 2015 9:11:30 GMT 7
oldman, Linc Energy @ S$0.012 per share will become reality...sooner than expected. Linc Energy's waterfall decline chart pattern suggests that after falling off the cliff of this magnitude; the survival rate is zero.Linc Energy ~ Fall off the cliff, TP S$0.012
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Post by zuolun on Sept 19, 2015 6:44:39 GMT 7
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Post by zuolun on Mar 7, 2016 12:53:22 GMT 7
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Post by zuolun on Mar 12, 2016 16:23:42 GMT 7
"I will certainly not be buying any stocks where a major shareholder is liquidating his positions." ~ oldmanQueensland court decision due on Linc gas case ~ 11 Mar 2016 Gas company Linc Energy faces trial over Queensland 'leak' ~ 11 Mar 2016 Linc Energy ~ After share consolidation of 6-into-1, big time loserLinc Energy closed with a black marubozu @ S$0.155 (-0.029, -15.8%) with high volume done at 16m shares on 11 Mar 2016.  Linc Energy closed at day's low with a long black marubozu @ S$0.184 (-0.106, -36.6%) with high volume done at 19.9m shares on 10 Mar 2016.  Linc Energy ~ Before Share consolidation of 6-into-1, already a loser Linc Energy and PT Sugico Graha sign agreements to develop commercial UCG projects in Indonesia ~ 18 Feb 2016 Liberals accepted $25,000 from Linc Energy months after charges over gas leaks ~ 1 Feb 2016 Written approval reached with noteholders for the proposed amendents to the convertible notes ~ 8 Jan 2016 Linc Energy facing $32.5m fine, possible jail for executives ~ 10 Jun 2015 Linc Energy slashes conversion price to avert collapseBy Kylar Loussikian 27 Feb 2016 Linc Energy investors have voted in favour of a contentious proposal to slash the conversion price of debt notes issued to overseas financiers from 0.77 Singaporean dollars (76c) to just $S0.12, paving the way for a smaller number of hedge funds to take control of the troubled resources firm. But the agreement, which was raised at simultaneous meetings in Singapore and Brisbane yesterday, will avert the collapse of the company, which would have had to repay $US137 million ($190m) in April. While it is unclear who the ultimate holders of the convertible notes are, it’s expected a significant proportion are held by just two hedge funds: the Hong Kong-based BFAM Partners, led by former Lehman Brothers managing director Benjamin Fuchs, and Taconic Capital Partners. Linc’s funding situation has become so dire the company was forced earlier this week to enter agreements with BFAM and Taconic, which paid a combined $S3.5m through a placement of new ordinary shares, which will be used for “ongoing working capital”. Those shares were issued at just $S0.575 per security, well below the $S1.20 per share Linc was trading at when it first transferred from the Australian Securities Exchange to Singapore in 2013. Despite earlier rapid expansion, Linc has yet to produce a large quantity of fuel, and the business once worth $2 billion is now valued at $40m. The company, which was led by Brisbane business identity Peter Bond until last year, owes its financiers more than $700m. At the beginning of this year, it had just $5m in the bank. The changes to the convertible notes, which were also issued in 2013, will push out the date of repayment to April 2018, and remove any obligation to make interest payments. However, interest payments of 9 per cent each year will be added to the total sum, and Linc will be obliged to pay this in the event of a default. “The current downturn in commodity prices, including a significant reduction in the price of oil, has severely impacted the company’s free cash flow available to service its debt,” Linc wrote to investors. “The company has been working to restructure its balance sheet to a sustainable capital structure in this oil price environment. The amendments to the terms of the convertible notes are an important step in this restructuring.” Despite the funding shortage, Linc continues to strike deals and license its underground coal gasification technology, now used only in its facility in Uzbekistan. -------------------------------------------------------------------------------------------------------------------------------------------------------------- Arising from completion of the share consolidation of every 6 ordinary shares into 1 consolidated share in the issued share capital of Linc Energy Ltd ("LINC") & followed by increase in the issued & paid-up share capital of LINC to 160,638,034 due to the conversion of convertible notes, as announced by LINC on 9 Mar 2016: BFAM Asian Opportunities Master Fund pared stake in Linc Energy from 5.22% to 4.41% (from 36,600,000 to 30,887,300 shares) ~ 4 Mar 2016 Credit Suisse pared stake in Linc Energy from 9.9731% to 8.9585% (63,824,340 to 57,331,640 shares) ~ 27 Jan 2016 Insider Trades as at 22 Jan 2016 
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