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CIMB Technical Comment
• Prices seem to hit a high at S$0.27 before taking a breather, forming a triangle
pattern in the process. It is now holding just above its 30-day and 50-day SMA,
getting ready to break upwards.
• Its MACD and RSI are now beginning to hook upwards, suggesting that
momentum is picking up.
• Buy now with a stop placed below the recent swing low of S$0.235. A breakout
above S$0.255 would likely send prices higher towards S$0.285, above the
previous high of S$0.27.
Happy New Year
this is definitely ONLY a PAPER tiger ! hee.... :P
pellty ( Date: 21-Jan-2011 10:34) Posted:
| With the increasing demand of crude oil in the next 5-10 years from the emerging markets, BRIC + VIP. The extraction technology will be greatly needed to support this demand in the long run. Although, there are clean energy that countries like China and many companies are experimenting, they need another 10 years to be alternatives to crude oil. It was reported recently that the nuclear reactor could be the next energy source for China's growing demand but they have not resolve the fundamental problem of reproduction. However, we know that China will not take long to resolve this.
This company: China oilfield Tech is a versatile company although currently it offers limited products. But with the niche market knowlege and high tech skills, it has shown that it has survived the biggest scare from 2007- 2009. It is picking up orders from outside China. This is a good sign of expansion.
The drawback comes from the huge debt that they need to service for the coming few years but if the orders pick up, there is a chance that this tiger may roar back in the rabbit year. Let stay tune to the its 1st quarter results to determine if it is still a sleep dragon or a prowling tiger in the rabbit year.
Happy New Year to you all! |
|
It is noted. I 'll visit this company to study before investing around this year or next year. Thank you.
pellty ( Date: 21-Jan-2011 10:34) Posted:
| With the increasing demand of crude oil in the next 5-10 years from the emerging markets, BRIC + VIP. The extraction technology will be greatly needed to support this demand in the long run. Although, there are clean energy that countries like China and many companies are experimenting, they need another 10 years to be alternatives to crude oil. It was reported recently that the nuclear reactor could be the next energy source for China's growing demand but they have not resolve the fundamental problem of reproduction. However, we know that China will not take long to resolve this.
This company: China oilfield Tech is a versatile company although currently it offers limited products. But with the niche market knowlege and high tech skills, it has shown that it has survived the biggest scare from 2007- 2009. It is picking up orders from outside China. This is a good sign of expansion.
The drawback comes from the huge debt that they need to service for the coming few years but if the orders pick up, there is a chance that this tiger may roar back in the rabbit year. Let stay tune to the its 1st quarter results to determine if it is still a sleep dragon or a prowling tiger in the rabbit year.
Happy New Year to you all! |
|
With the increasing demand of crude oil in the next 5-10 years from the emerging markets, BRIC + VIP. The extraction technology will be greatly needed to support this demand in the long run. Although, there are clean energy that countries like China and many companies are experimenting, they need another 10 years to be alternatives to crude oil. It was reported recently that the nuclear reactor could be the next energy source for China's growing demand but they have not resolve the fundamental problem of reproduction. However, we know that China will not take long to resolve this.
This company: China oilfield Tech is a versatile company although currently it offers limited products. But with the niche market knowlege and high tech skills, it has shown that it has survived the biggest scare from 2007- 2009. It is picking up orders from outside China. This is a good sign of expansion.
The drawback comes from the huge debt that they need to service for the coming few years but if the orders pick up, there is a chance that this tiger may roar back in the rabbit year. Let stay tune to the its 1st quarter results to determine if it is still a sleep dragon or a prowling tiger in the rabbit year.
Happy New Year to you all!
