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Post by zuolun on Apr 14, 2014 22:00:05 GMT 7
NOL — Bullish Gartley breakout, interim TP S$1.07NOL closed with a spinning top @ S$1.02 (+0.01, +1%) on 14 Apr 2014. Immediate support @ S$1.01, immediate resistance @ S$1.04
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Post by zuolun on Apr 15, 2014 6:22:28 GMT 7
odie, Ignore the earlier charts, I redraw the latest bullish gartley pattern with more details. If you missed entering NOL yesterday, don't chase the share price today, the risk reward is much higher now. Wait for the pullback because the 1st breakout was on 6 Mar 2014, followed by the 2nd breakout on last Friday 11 Apr 2014. NOL — Bullish Gartley breakout (The AB=CD Pattern), interim TP S$1.07NOL closed with a spinning top @ S$1.02 (+0.01, +1%) on 14 Apr 2014. Immediate support @ S$1.01, immediate resistance @ S$1.04
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NOL
Apr 15, 2014 20:36:19 GMT 7
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Post by odie on Apr 15, 2014 20:36:19 GMT 7
noted with thanks zuolun bro will monitor most prob sell profitable positions by end of Apr
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Post by zuolun on Apr 15, 2014 21:01:29 GMT 7
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Post by zuolun on Apr 17, 2014 7:41:07 GMT 7
odie, Ignore the earlier charts, I redraw the latest bullish gartley pattern with more details. If you missed entering NOL yesterday, don't chase the share price today, the risk reward is much higher now. Wait for the pullback because the 1st breakout was on 6 Mar 2014, followed by the 2nd breakout on last Friday 11 Apr 2014. NOL — Bullish Gartley breakout (The AB=CD Pattern), interim TP S$1.07NOL closed with a one black crow @ S$1.01 (-0.015, -1.5%) on 16 Apr 2014. Immediate support @ S$1.00, strong support @ S$0.985, immediate resistance @ S$1.04 The gap bet. 1.02 to 1.025 created on 30 Jan 2014 was successfully covered on 15 Apr 2014 on a 3rd attempt.
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Post by zuolun on Apr 19, 2014 8:35:38 GMT 7
NOL — Bullish Gartley breakout (The AB=CD Pattern), interim TP S$1.07NOL closed with a one black crow @ S$1.01 (-0.015, -1.5%) on 16 Apr 2014. Immediate support @ S$1.00, strong support @ S$0.985, immediate resistance @ S$1.04 The gap bet. 1.02 to 1.025 created on 30 Jan 2014 was successfully covered on 15 Apr 2014 on a 3rd attempt. NOL — Bullish Gartley (Bullish Three-Drives Pattern), interim TP S$1.07NOL closed unchanged with a doji @ S$1.01 on 17 Apr 2014. Immediate support @ S$1.00, strong support @ S$0.985, immediate resistance @ S$1.04.
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Post by zuolun on Apr 20, 2014 13:20:39 GMT 7
odie, NOL — A break below strong support @ S$0.985 will retest the last low @ S$0.94 scored on 27 Feb 2014 (double bottom). AirAsia — Rounding bottom failed, game over
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NOL
Apr 20, 2014 19:09:28 GMT 7
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Post by odie on Apr 20, 2014 19:09:28 GMT 7
zuolun bro,
i think we can only long nol if commodity stock shares prices are sky high which is not the case at the moment
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NOL
Apr 24, 2014 20:29:14 GMT 7
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Post by odie on Apr 24, 2014 20:29:14 GMT 7
bro zuolun,
any updates for NOL and Guocoleisure?
NOL broke out today with good vol of 5.6m Stoch is pointing up MACD is green bar Thanks
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Post by zuolun on Apr 25, 2014 3:55:24 GMT 7
bro zuolun, any updates for NOL and Guocoleisure? NOL broke out today with good vol of 5.6m Stoch is pointing up MACD is green bar Thanks odie, Based on the yearly chart (Jan 2004 - Apr 2014), NOL's primary trend is down. The longterm horizontal support is @ S$1. A break below S$1 to S$0.94 on the 27 Feb 2014 is actually a bearish signal which suggests that the share price may sink lower. Longterm wise, any strong rebound way above S$1 should be an opportunity to SELL into strength or short (if it shoots higher, the best level is @ S$1.365, the last high). The current bullish set up (Three-Drives Structure) on the daily chart is not sustainable as it's merely a dead cat bounce; only good for swing trading (quick-in-quick-out trade). The same logic applies to SMRT. Comparing the yearly chart of NOL & SMRT, the former has a descending triangle formation neckline at S$1, the latter has a "Mushroom Of Death" chart pattern. ( Note: "Mushroom Of Death" chart pattern means slow and steady bleeding to death, don't expect a sudden collapse.) Longterm wise both are extremely strong downtrend stocks; good for short, not long. However, if you're a nimble swing-trader, these 2 are superb trading stocks, you can play both; long and short, short and long many rounds as they're GLC stocks (won't go bankrupt, downside is protected by dumb money or generous bail-out). NOL — Bullish Three-Drives Breakout, Interim TP S$1.07, TP S$1.12NOL closed with a white marubozu @ S$1.03 (+0.015, +1.5%) with high volume done at 5.6m shares on 24 Apr 2014. Immediate support @ S$1.00, strong support @ S$0.985, immediate resistance @ S$1.04, strong resistance @ S$1.14.
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NOL
Apr 25, 2014 7:22:12 GMT 7
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Post by odie on Apr 25, 2014 7:22:12 GMT 7
Thanks zuolun bro for detailed update
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Post by zuolun on Apr 25, 2014 8:31:51 GMT 7
Thanks zuolun bro for detailed update odie, My pleasure. The purpose of posting and sharing my charts and thoughts is for self-improvement; practice makes perfect.
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Post by simplemind on Apr 25, 2014 11:07:00 GMT 7
ZL bro,
you are one of the best chartist that I have come across. No bullshit, all based on chart.
what do you think of noble n ezion?
thanks
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NOL
Apr 30, 2014 6:55:44 GMT 7
via mobile
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Post by odie on Apr 30, 2014 6:55:44 GMT 7
Bro zuolun, Could you pls kindly analyze the price action for NOL lately? Thank you
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NOL
May 1, 2014 20:44:20 GMT 7
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Post by odie on May 1, 2014 20:44:20 GMT 7
www.seatrade-global.com/news/americas/transpacific-box-lines-try-for-another-rate-increase.htmlTranspacific box lines try for another rate increase By Marcus Hand from Singapore Container lines on the transpacific trade have announced a general rate increase (GRI) and a peak season surcharge, as look offset recent losses. Member lines of the Transpacific Stabilization Agreement (TSA) have announced a $300 per feu increase from Asia to US West Coast and $400 per feu to all other US destinations from 15 May. The move comes just one month after a similar increase on 15 April, however, rates have continued be eroded even though vessel utilisation has been well over 90%. “Carriers continue to play catch-up on rates, which have been effectively stagnant since 2011,” said TSA executive administrator Brian Conrad. “Modest revenue gains from recent GRIs will not be adequate to pay for upgraded services to meet likely demand surges in the coming months.” TSA member lines also announced a $400 per feu peak season surcharge from 15 June. Published inAmericas, Asia, Containers
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