Macquarie Intl   

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Looking for to buy at a retrace back to 1.00 - 1.04 for a bounce.

 

Bulls and bears in a great fight.  A big lot ate my entirety at 1.12 before closing.  Closing ended in a Doji. No prize for guessing what that means. :P

~ A nice dividend at the end of Mar and a decent capital gain. I am happy. :p

Looking

 

To me indicators are basically the same in principle...

the weightage in certain parameters, etc may be varied according to the formulator's preference.

 

I dont think it is necessary to think that way. Sometimes a stock is trending upwards, and it goes up more vigorously on certain days, before pulling back. During that intense period of say 3-4 days or so, it gets overbought. It will then pull back, maybe consolidate for a few days to weeks, before breaking a new high.

 

 

The concept of overbought or not overbought, is when you are thinking of 'entry', ie you do not want to buy at a 'overbought' level, only to see the price drop afterwards.

But if you are thinking of the overall medium term trend, even if the price were to drop to say 1.06 (where the 50 day mva meets the 20 day mva) or even to 1.02 where there is a long term uptrend line from the all time low of 0.805, the uptrend is still intact.

Sometimes to make 'big profits; you have to be in it for the longer haul - but it is by no means easy, because many a times, before we know it, our profit turns to loss, and an 'uptrend' becomes a 'downtrend'.

BUT, one has to try it, maybe for some stocks, in order to see if this theory actually works. The safe way to play this uptrend thing is to have a stop loss (according to tyour risk apetite), and stick to it. In this particular stock, some people may use 1.06 (ie a very tight etop loss), or 1.02 (where 50 day meets 20 day) or even the recent low of 0.995.

 

 

I don't exactly calculate the reasonable price... the right price for me is when a counter is not overbought. I use the Williams %R to measure overbought/oversold.

 

Agree with investor... TA charts are pretty bullish for this one. Both Acc/Dist and Chaikin are uptrending. However, its already overbought.

 

Inspite of the recent mkt crash and the paying out of 4 cents div, MIIF has closed at 1.11 today, its highest point ever for 2007. The technical picture shows that the uptrend is still intact, with the long term moving averages 100 and 200 days in proper sequence.

If I have any position, I would not sell, but just ride up the trend, unless the recent low of 0.995 is violated or for the more risk tolerant, only when the 200 days mva at 0.97, is violated (only on closing price).

Having said that, to each its own, as each person has different risk tolerant levels.

The next price target, technically is 1.16, followed by its all-time high of 1.24. (Hopefully in the not too distant future)

I personally think that the stock should be worth 1.60, based on a projected dividend yield of 5 % (at 1.60), not counting the fact that it will be doing more acquisition going forward, as well as organic growth, which may bring up its dividend yield.

 

Steady ...

Trying 1.10 for the 3rd time.

If it gap up at opening, I will hold until indicator show signs of weakening.

If it doesnt, I am queuing to sell at 1.10 - 1.11

 

iPunter,

If you look at Gallen's post carefully, it was posted in 2006....more than 1 year ago.

Think it shold be outdated by now...no?

 

A professional post by Gallen...  thanks... :)

 

Finally managed to break the 1.08 physiological resistance.  Next tough one 1.10

 

Extracted from my blog http://kelongstocks.blogspot.com Fundamental Analysis will be posted this afternoon. [B]Technical Analyisis[/B] Ever since a solid debut on its IPO ($1), Macquarie Infrastructure Fund has been on a downtrend which was finally broken on 01 Feb 2006. Chart shows rebound to $1.03 before gapping down 4 cents to $0.98 on 10 Mar 2006 (due mainly to ex-dividend of 3.1 cents). Supports: $0.98 (EMA 50), $0.96 and $0.95 (resistance turned support, also breakout point from downtrend was at 95 cents) Resistances: $1.00 (support turned resistance), $1.03 and $1.04 (recent highs and prior support turned resistance) Indicators: Bearish, RSI, Stochastics heading down towards oversold zone, MACD deep in negative region. Indicators confirming recent price weakness. Volume was significantly higher during breakout from downtrend but has seen moderated during the consolidation over the past 1 month. Interested investors should look to accumulate on weakness near supports (yields would be greater than 8% at 95 and 96 cents supports.