Latest Forum Topics / China Hongxing | Post Reply |
Good support at 0.185
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ruanlai
Master |
28-May-2009 14:54
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Watch out for the break out.... Today target at 20.5cents ....... Tomorrow target at 22cents then 24cents...... |
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richtan
Supreme |
28-May-2009 14:46
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DBS Research is upgrading China Hongxing to BUY (TP S$0.26), based on 10x FY09, which is a 40% discount to the 2nd liners in HK like Anta, its closest peer. CHHS currently trades at 7x FY09 earnings. Technical support is also at the 15-day EMA at
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richtan
Supreme |
28-May-2009 14:17
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Hahaha.... I do hope u are not the silent accumulator trying to scare those newbies & greenhorns into selling to u while u silently had been accumulating big lots of hundreds including also just now 800 lots & yesterday last transacvtion of 2733 lots mopping up from the seller at 19 cts.
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richtan
Supreme |
28-May-2009 14:13
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Wow, the silent accumulator again just mopped up 800 lots at one go from the seller at 19 cts., today's volume is increasing, will overshoot yesterday's volume.
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richtan
Supreme |
28-May-2009 12:48
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Look at the chart just below, the 14sma, 25sma & 50sma are all trending up. I believe BBs are slowly & quietly accumulating, putting false sell q while at the same time q to buy to scare greenhorns to sell down to them at the buying q & at the same time, keep mopping up the seller, will start shoot up once they accumulated enuf. Yesterday, mopped up from the seller 2733 lots at 19 cts in one transaction at the close. This is likely the calm b4 the lift-off. Look at chart below, could be repeating the dotted rectangle, shoot up sharply. |
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richtan
Supreme |
28-May-2009 10:34
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Ooops, typo error, yesterday, someone bot up 2733 (not 2703) lots from the seller at 19 cts in the last transaction.
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richtan
Supreme |
28-May-2009 10:31
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From the time & sales, it can be observed tat someone is obviously accumulating by the hundreds including yesterday last transaction of buying up 2703 lots at 19 cts.
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richtan
Supreme |
28-May-2009 10:26
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The time & slaes look very interesting, obviously, someone is trying to creat a sense of false fear by drip selling on & off a few lots lof about 1 to 4 lots by throwing to buyer at 18.5 but often over-ride by big lots buying up catching the seller at 19. Obviously trying to suppress the price but defeated each time.
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richtan
Supreme |
28-May-2009 09:24
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Are u sure, plse check the time & sales. a lot of accumulation going on at 19 cts. I m stating the facts from the time & sales. The mkt is too big & has a life of its own, it is futile trying to talk down the mkt in a forum, save your breathe, & spend tat time analysing charts & data & facts lah.
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anfield_76
Member |
28-May-2009 06:55
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tumbling tumbling tumbling down :) | ||||
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richtan
Supreme |
27-May-2009 17:08
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Wow!! someone buy up 2733 lots in one last transaction at the close, catching the seller at 19 cts.
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richtan
Supreme |
27-May-2009 16:37
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Look at the time of sales, a lot of transaction done with buyer catching the seller at 19.
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richtan
Supreme |
27-May-2009 15:21
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Time will tell, let the market speaks for itself.
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orpehkong
Member |
27-May-2009 15:02
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The support at 0.185 look like hard to break.
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anfield_76
Member |
27-May-2009 14:54
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as much as i wish this is the case, it does not seem like the case at all. |
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richtan
Supreme |
27-May-2009 14:36
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Look at the chart just below, the 14sma, 25sma & 50sma are all trending. I believe BBs are slowly & quietly accumulating, putting false sell q while at the same time q to buy to scare greenhorns to sell down to them at the buying q, will start shoot up once they accumulated enuf. This is likely the calm b4 the lift-off. Look at chart below, could be repeating the dotted rectangle, shoot up sharply.
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orpehkong
Member |
27-May-2009 12:50
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The 14 days MA show sign of uptrend. | ||||
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orpehkong
Member |
27-May-2009 12:45
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Can tikam at 0.185. After consolidation, it will go up anytime. | ||||
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richtan
Supreme |
27-May-2009 12:44
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Could CHHX possibly repeat the pattern in dotted rectangle after break up from the similar pattern sloping resistance?
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orpehkong
Member |
27-May-2009 12:42
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Good support at 0.185. | ||||
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