ST Engineering    Last:7.32    -0.03

ST Engg

From SJ, the support seems to be at $3.30.

 

Hi elfin,

Yes, based on 5th wave ehre the top should be around $3.85-$3.99.

Add in the following statement as another guide based on timing.

This share seems to be of the type "Buy in Jun and sell in Mar-April"

 

have seen the actual price/vol action on this one. quite a lot of late afternoon sell downs in large vols. large buy ups in morn. one day doesn't make a trend tho, KIV and keep watch.

price/vol data and lead indicators are actually contradictory on this one, as brizy88 has observed.

 

I share the same cautionary feel as ipunter on this one.  There are 3 consecutive bearish 'hanging man' candlesticks at top of uptrend on 13-15 Feb - which means one would avoid taking long position.  Yesterday candlestick is quite a long bearish engulfing one = signal for caution to liquidate long positions.

Very interesting scenairo compared to Bollinger observation, so let's keep close watch and see on Monday with resistance level at 3.40.

 

chinkiasu

Internet is good.

Can be overseas and stilll buy and sell shares.

Cheers

 

just got vested... strange feeling though.. i use to buy this stock at about 2.00.. becos tan ku ku.. so got rid of it... hope this round with you folks guiding.. I can do better...

 

iPunter,

Thanks for the caution.......but its ok lah....still got divvy of 15.11 cents to fall back on....will still give me net yield of 4.5%. ...but on annualised basis, it will be 27%, since I only have to wait about 2 mths to collect divvy. thereafter, divvy will be declared half yearly....so, not too bad.

 Anyway, if price it turns against me, I keep for longer term and wait.

 

By the way, falling does not need much volume, whereas rising do... :)

 

There should be very strong support @3.28, if it falls on Monday.

But any fall below that will mean it is a Bollinger Nigtmare (giant move)!

So a really close watch is absolutely necessary for this one. Confidence is not advisable here.

Ready caution is absolutely necessary to recognise every clue.

(Of course, if the STI bull-run is still strong, 'caution can be thrown to the winds')

 

singaporegal,



Whew!!! *wiping brows*....was getting worried for awhile...cos, looking at the charts, it seems to have started a down trend.



Thanks again SIFU......my problem is I don't put enough emphasis on 'volumes' in my TA interpretations.

 

Bollinger bands getting tighter...

Although there was a fall today, its not supported by heavy volumes. So no need to worry too much. Will probably correct upwards next Monday.

 

ok, finally got it.

Citigroup's price target is 3.92, dated 15th jan.

Sporeguy, is 3.85-99 your technical reading?  

 

This share seems to be of the type "Buy in Jun and sell in Mar-April".

The next ht could be $3.85-$3.99. Anyone know of any TP done by any Investment Co ?

 

sob sob.. newbie kena bully by senior..
izzit means it will uptrend all the way till Apr/May?

 

XD 27 Apr and pay 18 May

 

ex div is 27/4/07.So pay day must be sometime in May.

I will let u have my bank account no.in due course so u can credit it in.

 

come dollar hahaa..
when dollar come huh?! thx again.

 

Someone told me that and i tot it was funny.

 

geojam,



Ha ha ha....both versions mean the same thing. $$$ is $$$ whichever way you call it.

 

means COME DOLLAR.

no lah,it means cum divvy.