Using the price and the volume as a trend indicator: 1. High volume is bearish when the stock is in distributing mode. 2. High volume is bullish when the stock is in accumulating mode. 3. Do not catch a stock falling on high volume or one that is rising on thin volume.
Ezra — A "waterfall-decline" chart pattern
Ezra traded with a spinning top @ S$1.075 (-0.04, -3.6%) with high volume done at 21.1m shares on 20 Jan 2014 at 11.44am.
Should crucial support @ S$1.05 break convincingly, expect Ezra to hit next support @ S$0.835.
Ezra Vs Ezion ~ Ezra's chart pattern was not only similar but identical to Ezion's, prior to its collapse in 2008.
Singapore oil stocks could be heading for more trouble ~ CMC Markets says investors should re-examine Singapore oil stocks following a plunge in oil prices last Friday. The brokerage says Keppel Corp (BN4.SG) is vulnerable. "Not only have they rebounded the most [among Singapore oil stocks], fresh news over a huge turnout at a political protest in Brazil could also lead to a reassessment of Keppel Corp's close association to their key clients in Brazil, who are themselves embroiled in a corruption scandal," Nicholas Teo a market analyst at CMC Markets said in a note on Monday. According to CMC Markets, SembCorp Marine (S51.SG) might also see selling pressure, as it has exposure to similar clients as Keppel Corp. The brokerage add that Keppel has not booked any significant orders year-to-date. "Furthermore, the current orders they have on hand may also prove vulnerable to cancellations due to the bleak outlook for oil," Teo says. Shares of the other two oil firms, Ezion (5ME.SG) and Ezra (5DN.SG) have lost back almost their entire January rally and are languishing near their December lows, CMC adds. ~ 16 Mar 2015
Ezra closed with a doji @ S$0.425 (+0.005, +1.2%) with 5.2m shares done on 2 Apr 2015.
Immediate support @ S$0.395, immediate resistance @ S$0.45
On your post On Dec 8, 2014 at 7:24pm " Ezra — A "Waterfall Decline", interim TP S$0.45
Ezra closed with a long black marubozu @ S$0.56 (-0.045, -7.4%) with 10.7m shares done on 8 Dec 2014.
Price now went below your TP. If anyone long the short since, in 4 months the return from gain is about 75% annually . That is a good example of your: whack a kitty with One Good Trade.
I learned 3 lessons: 1) There are plenty of opportunities in the market. It is so easy to make good money if you have the kung-Fu. 2) There are just enough risk investing in stock market. It can make a poor person very poor. 3) Remind me of The three rules to survive in trading, "Cut loss, cut loss and cut loss". I have many relatives still holding counters such as Jadason, Life Brandz, Advance SCT, and Metech(Aka Centillion) . The value of these stock now is only about 1-3% of their prime-day