China Minzhong   

China Minzhong

Ready to collect more to-day.

angmohlin      ( Date: 01-Jun-2012 21:18) Posted: MACD histograms has signals an increase in upward momentum but share price does not follow. Sometimes technical analysis may presents wrong signal. It is the momentum to push the price and not technical analysis. Technical chart presents past investors psychologies.

 

MACD histograms has signals an increase in upward momentum but share price does not follow. Sometimes technical analysis may presents wrong signal.
It is the momentum to push the price and not technical analysis. Technical chart presents past investors psychologies.

 

hi can anuyone here advise on technics ??? can still hold this one??/thanks 

 

Will it move up in the p.m. ?  Good luck.

churnw      ( Date: 31-May-2012 12:05) Posted: got this feeling it is going to cheong.......

 

got this feeling it is going to cheong.......

 

By now, bb should completed accum. and to-day is time to push up fast and high if volume is low and nobody dare to buy.

angmohlin      ( Date: 30-May-2012 19:09) Posted: Probably BB accumulating. Not to worry,  patience sure win.

 

Probably BB accumulating. Not to worry,  patience sure win.

 

funny, this stock always push down when it reach 0.595..........BB control ......

 

 

 

Weekly chart shown bearishness diminishing. Downside limited.

 

CMZ is moving up coupled with volume increased.  The RSI & MACD are turning up. Hopefully can cross 1st resistance of $0.625 and $0.685 in extension. Cheong ah!!!! Huat ah!!!!.

 

It will move up slowly thr margain call or short covering. It will take time to go back to 88 cts tho it taken only 5 trading sessions to drop to 55 cts from 88cts.  

churnw      ( Date: 22-May-2012 12:27) Posted: no movement

 

Your friend is a lucky dude, able to buy at the absolute bottom...not many people are so lucky as this stock keep plunging down...today sti up 34 points but it is down 1 cent...but i still feel 55 cents is the absolute bottom...it has taken a very severe beating and may take 5 years to clear $1 if this company is still alive by that time...but i like the director's seal of confidence by purchasing his own company's shares....most likely the big drop is some BBs dumping shares to avoid worse drop if european debt crisis stem out of control as cmz is a high risk stock...i think the earnings drop is not so severe as to warrant a drop from 84 cents to 55 cents within 5 trading sessions since agricultural products won't totally lose its demand overnight

angmohlin      ( Date: 18-May-2012 20:59) Posted: Dear all, anyone know how the SGX system work. My friend has placed an order to queue at $0.58 last night but he got transaction at $0.565 bought from seller during the opening bell.  Please enlighten. Thanks in advance.

 

no movement

 

To pick up some during retreat before move up again. Wish me good luck.

angmohlin      ( Date: 22-May-2012 07:30) Posted: candlestick morning star pattern appeared signifies price shall moving up.

 

candlestick morning star pattern appeared signifies price shall moving up.

 

Looks like yr broker could be right, 55 cts could indeed be the ultimate bottom for CMZ.

Only question now is how far this CMZ can rebound /rise back in the coming next few mths to 1 year??

neutral      ( Date: 19-May-2012 13:15) Posted: actually my broker yesterday told me  CMZ plunge to hit 55 cts is TOTALLY NOTHING due to it's results  or FA....... He said something abt becos after it fell to hit a low of 84 cts in Oct 2011, THEN rebounded strongly to hit $1.10 a few short later BUT UNABLE to clear above $1.10 hence he said don't say  what wedge simi fibonacci, wave count etc etc (anyway it is his charting/TA which he said becos of that failed $1.10 break, CMZ  EXTREMELY LIKELY  will fall to hit a low of 55 cts bottom within the next 1 year counting from Oct 2011. That's why I did not buy CMZ during this year JAN. He said the shortists in CMZ are simply just using  this current very bearish market sentiment as a opportunity/excuse to quickly achieve their target price of causing CMZ to hit 55 cts. This is my broker's view, don't know he correct or not.?? He also said something similar on Yanlord last year during JAN 2011, he said becos Yanlord unable to clear a certain level in 2010.hence yanlord need to complete the final picture to fall to 66-67 cts then able to resume back uptrend, he missed his yanlord bottom target by a small  3 cts becos Yanlord hit ultimate bottom at 70 cts in 2011 sept, did not fall to 66 cts. But he also got say if STI unexpectedly were to enter into a prolonged bear market and STI continue plunging to 2000, then of course his above views that 55 cts bottom for CMZ and 66-67 cts bottom for yanlord is totally invalidated, becos in a market prolonged crash, ALL STOCKS, including ALL blue chips and ALL GOOD FA counters will just keep plunging with no bottom

 

It rebounding , shortist covering their short..........up up up

 

When it over 60 cts, it will not stop and next pt will be 68 cts. We will see.

khlixin      ( Date: 21-May-2012 09:40) Posted: It will go north from to-day. Hope it may pass thr. 60 cts to-day. thinker      ( Date: 20-May-2012 01:25) Posted: Btr catch it at a good price before its too late!!

 

It will go north from to-day. Hope it may pass thr. 60 cts to-day.

thinker      ( Date: 20-May-2012 01:25) Posted: Btr catch it at a good price before its too late!!

 

 

For your convenience, below are TPs from the Foreign & Local Institutions found from CMZ's website. Looking at current price, they are all wrong. But one thing for sure, they have never said by when the TP will be materialized.

Macquari...es - $2.35 on 14 Feb 12
Standard Chartered - $1.64 on 14 Feb 12
JP Morgan - $0.95 on 13 Feb 12
DBS Vickers - $1.45 on 29 Mar 12
CIMB - $1.68 on 14 Feb 12
Kim Eng - $1.50 on 14 Feb 12
UOB Kayhian - $1.65 on 15 Nov 11
DMG & Partners - $ 1.38 on 15 Nov 11
Lim & Tan Securities - Buy w/o TP on 22 Mar 12

Market sentiment has changed and also company performance may not up to analysts expectation in full year result which is due in Aug/Sept 12. So DYODD.