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Hong Leong Asia Last:1.09

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Hong Leong Asia

That's a nice chart.

Tks & Rdgs

pharoah88 ( Date: 01-Jun-2010 20:09) Posted:

marubozu1688 ( Date: 01-Jun-2010 17:10) Posted:

Danger of the Parabolic Curve!
http://mystocksinvesting.com/singapore-stocks/lesson-learnt-from-parabolic-curve-did-you-get-burnt/

This TIGER KING donno when only will recover.

marubozu1688 ( Date: 01-Jun-2010 17:10) Posted:

Danger of the Parabolic Curve!
http://mystocksinvesting.com/singapore-stocks/lesson-learnt-from-parabolic-curve-did-you-get-burnt/

BUY

Hulumas ( Date: 01-Jun-2010 19:30) Posted:

So, SELL?

marubozu1688 ( Date: 01-Jun-2010 17:10) Posted:

Danger of the Parabolic Curve!
http://mystocksinvesting.com/singapore-stocks/lesson-learnt-from-parabolic-curve-did-you-get-burnt/

So, SELL?

marubozu1688 ( Date: 01-Jun-2010 17:10) Posted:

Danger of the Parabolic Curve!
http://mystocksinvesting.com/singapore-stocks/lesson-learnt-from-parabolic-curve-did-you-get-burnt/

DJ MARKET TALK: CIMB Lowers Hong Leong Asia Target To S$4.88................. 5/31/2010 11:09:00 AM .................... 0309 GMT [Dow Jones] STOCK CALL: CIMB cuts Hong Leong Asia (H22.SG) target price to S$4.88 from S$5.78, based on sum-of-parts valuation, after reducing FY10-12 core EPS estimates by 5%-15% to assume lower earnings for China units Xinfei, Yuchai. Says after strong 1Q10 performance, engine sales for Yuchai could slow in coming quarters given China's tightening measures. Notes Xinfei, which makes refrigerators and other electrical appliances, facing increased price competition with rivals expanding production capacity, cutting prices to gain market share. Still, keeps Outperform call. Notes stock trades below 3-year forward P/E average of 12X; "the stock remains a good proxy for Chinese consumer and infrastructure demand, notwithstanding slight challenges in the near term." Shares +1.3% at S$3.24.

This news may slow down the upside, no wonder not moving much. Uptrend still intact?

Thanks.

Bintang ( Date: 30-May-2010 21:35) Posted:

purelotus ,

You are right , the first resistance would be at 10MA, clearing which may meet another resistance which was a gap at $3.86 .

purelotus ( Date: 30-May-2010 20:52) Posted:

Bintang,

I refer to your post below. Do you mean that, HL Asia will rebound to 3.5 (latest 10MA), before fill the gap @ $3.86? Why do you emphasis on the 10MA? Is it on TA point of view, rebound should meet 10MA to be valid rebound?

Thanks.

I hope you are wrong. :)

But I will be more extra careful with your gentle reminder.

iPunter ( Date: 30-May-2010 21:21) Posted:

Sorry to interrupt the flow of the dialogue...

I am inclined to believe that the 'carnage' is far from over for this stock,

I would have liked to believe that a classic "1-2-3" is present in this stock's chart,

but obviously it isn't.

I still think the overall market situation is rather 'ominous'.

Of course I can be wrong...

But then what's the big deal about being wrong?

If I am wrong, I simply have to admit that I was wrong! :)

purelotus ,

You are right , the first resistance would be at 10MA, clearing which may meet another resistance which was a gap at $3.86 .

purelotus ( Date: 30-May-2010 20:52) Posted:

Bintang,

I refer to your post below. Do you mean that, HL Asia will rebound to 3.5 (latest 10MA), before fill the gap @ $3.86? Why do you emphasis on the 10MA? Is it on TA point of view, rebound should meet 10MA to be valid rebound?

Thanks.

Bintang ( Date: 27-May-2010 11:13) Posted:

HL Asia has just gone down to fill the gap at $2.98 to reach $2.94 today , it may first to rebound to $3.60 meeting 10MA , then to fill the gap at $3.86 later on .

Sorry to interrupt the flow of the dialogue...

I am inclined to believe that the 'carnage' is far from over for this stock,

I would have liked to believe that a classic "1-2-3" is present in this stock's chart,

but obviously it isn't.

I still think the overall market situation is rather 'ominous'.

Of course I can be wrong...

But then what's the big deal about being wrong?

If I am wrong, I simply have to admit that I was wrong! :)

Bintang,

I refer to your post below. Do you mean that, HL Asia will rebound to 3.5 (latest 10MA), before fill the gap @ $3.86? Why do you emphasis on the 10MA? Is it on TA point of view, rebound should meet 10MA to be valid rebound?

Thanks.

Bintang ( Date: 27-May-2010 11:13) Posted:

HL Asia has just gone down to fill the gap at $2.98 to reach $2.94 today , it may first to rebound to $3.60 meeting 10MA , then to fill the gap at $3.86 later on .

susan66 ( Date: 27-May-2010 10:06) Posted:

Just shorted HL Asia, very bearish counter recently.

Thank you very much Bintang.

purelotus ( Date: 29-May-2010 23:03) Posted:

I get the picture now.

Now i know we must deal with gap seriously.

Bintang ( Date: 29-May-2010 22:52) Posted:

Hi purelotus ,

Since there is problem to read your PM, I think I can answer here . You mentioned about the MA you are using , I don't think it would be useful , all that three MA are all short term .Regarding the gaps in HL Asia , the gap at $2.94 has already been filled, n very fast it rebounded .And there is another gap at $3.86 waiting to be filled , therefore last Friday lowest point could be the near term bottom n strong support . Once the gap at $3.86 filled in short term rebounce , it may come down rapidly n ended the rebounce .Then the trend may go sideway for consolidation for some times . Therefore , gaps could be supports n resistances in the trends , we must deal with them seriously .

Bintang .

I get the picture now.

Now i know we must deal with gap seriously.

Bintang ( Date: 29-May-2010 22:52) Posted:

Hi purelotus ,

Since there is problem to read your PM, I think I can answer here . You mentioned about the MA you are using , I don't think it would be useful , all that three MA are all short term .Regarding the gaps in HL Asia , the gap at $2.94 has already been filled, n very fast it rebounded .And there is another gap at $3.86 waiting to be filled , therefore last Friday lowest point could be the near term bottom n strong support . Once the gap at $3.86 filled in short term rebounce , it may come down rapidly n ended the rebounce .Then the trend may go sideway for consolidation for some times . Therefore , gaps could be supports n resistances in the trends , we must deal with them seriously .

Bintang .

purelotus ( Date: 29-May-2010 21:51) Posted:

Hi Bintang,

Please correct me if i am wrong. I want to get more understanding on gap.

From HL Asia chart, i see 3 gaps are formed. A breakaway gap on 11 Jan 2010 ($3) & another breakaway gap on 5 May 2010 then runaway gap at 19 May 2010.

You already mentioned that, it may re bounce to fill the gal at 3.86 (runaway gap).

Am i right to say that, 3.86 is the new resistance, while the $3 as the new support? If this trend close below $3, HL Asia will be on serious downtrend?

Thanks.

Hi purelotus ,

Since there is problem to read your PM, I think I can answer here . You mentioned about the MA you are using , I don't think it would be useful , all that three MA are all short term .Regarding the gaps in HL Asia , the gap at $2.94 has already been filled, n very fast it rebounded .And there is another gap at $3.86 waiting to be filled , therefore last Friday lowest point could be the near term bottom n strong support . Once the gap at $3.86 filled in short term rebounce , it may come down rapidly n ended the rebounce .Then the trend may go sideway for consolidation for some times . Therefore , gaps could be supports n resistances in the trends , we must deal with them seriously .

Bintang .

purelotus ( Date: 29-May-2010 21:51) Posted:

Hi Bintang,

Please correct me if i am wrong. I want to get more understanding on gap.

From HL Asia chart, i see 3 gaps are formed. A breakaway gap on 11 Jan 2010 ($3) & another breakaway gap on 5 May 2010 then runaway gap at 19 May 2010.

You already mentioned that, it may re bounce to fill the gal at 3.86 (runaway gap).

Am i right to say that, 3.86 is the new resistance, while the $3 as the new support? If this trend close below $3, HL Asia will be on serious downtrend?

Thanks.

Bintang ( Date: 28-May-2010 20:36) Posted:

If the momemtum is strong enough to push the price up to fill the gap at $3.86 , then the first round of the rebounce may have to be completed. The long positions must to be closed for it would come down again to fill the gap which would be created during the rebounce

Hi Bintang,

Please correct me if i am wrong. I want to get more understanding on gap.

From HL Asia chart, i see 3 gaps are formed. A breakaway gap on 11 Jan 2010 ($3) & another breakaway gap on 5 May 2010 then runaway gap at 19 May 2010.

You already mentioned that, it may re bounce to fill the gal at 3.86 (runaway gap).

Am i right to say that, 3.86 is the new resistance, while the $3 as the new support? If this trend close below $3, HL Asia will be on serious downtrend?

Thanks.

Bintang ( Date: 28-May-2010 20:36) Posted:

If the momemtum is strong enough to push the price up to fill the gap at $3.86 , then the first round of the rebounce may have to be completed. The long positions must to be closed for it would come down again to fill the gap which would be created during the rebounce .

Bintang ( Date: 27-May-2010 11:13) Posted:

HL Asia has just gone down to fill the gap at $2.98 to reach $2.94 today , it may first to rebound to $3.60 meeting 10MA , then to fill the gap at $3.86 later on .

Bintang, thanks for the quick & timely advice, your knowledge of "gaps" is superb, what a close shave!

I only know that if able to break $3.36 next week, uptrend momentum will continue. These 2 days the buying momentum seems starting, 3 times more. Thought if break last 2 days low at 3.05 downtrend will continue. Need to learn more from you. I will take note of the 2 levels closely, $3.60 & $3.86.

Bintang ( Date: 28-May-2010 20:36) Posted:

If the momemtum is strong enough to push the price up to fill the gap at $3.86 , then the first round of the rebounce may have to be completed. The long positions must to be closed for it would come down again to fill the gap which would be created during the rebounce .

Bintang ( Date: 27-May-2010 11:13) Posted:

HL Asia has just gone down to fill the gap at $2.98 to reach $2.94 today , it may first to rebound to $3.60 meeting 10MA , then to fill the gap at $3.86 later on .

If the momemtum is strong enough to push the price up to fill the gap at $3.86 , then the first round of the rebounce may have to be completed. The long positions must to be closed for it would come down again to fill the gap which would be created during the rebounce .

Bintang ( Date: 27-May-2010 11:13) Posted:

HL Asia has just gone down to fill the gap at $2.98 to reach $2.94 today , it may first to rebound to $3.60 meeting 10MA , then to fill the gap at $3.86 later on .

susan66 ( Date: 27-May-2010 10:06) Posted:

Just shorted HL Asia, very bearish counter recently.

Take your profit when HL Asia gap up on next Monday .

susan66 ( Date: 27-May-2010 15:13) Posted:

Thanks Bintang, luckily heed your advice and turn the other way round. It's really reversing upwards now.

susan66 ( Date: 27-May-2010 13:40) Posted:

Thanks, sounds like reversal, will take note. :s31:

Thanks Bintang, luckily heed your advice and turn the other way round. It's really reversing upwards now.

susan66 ( Date: 27-May-2010 13:40) Posted:

Thanks, sounds like reversal, will take note. :s31:

Bintang ( Date: 27-May-2010 11:13) Posted:

HL Asia has just gone down to fill the gap at $2.98 to reach $2.94 today , it may first to rebound to $3.60 meeting 10MA , then to fill the gap at $3.86 later on .

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