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1501-1520 of 1823
i would say that the volume is too low to make out anything for today,and the liquidity of a counter make the chart ineffective. jmo.
If not the DJ took a rebound recently , our market is still sideway , n the counters are all remain at corrective phase . Mermaid made a new high last month at 71.5 cents , after the top formation , the share price started to fall inside the Bollinger band n went all the way down to touch the lower band at 51 cents which filled a gap there . Recently it made a technical rebound to 59 cents which is the Fibonacci 38.2 % zone . The trend is not sustainable due to the low volume , n return to the bottom or down touching the lower Bollinger band is possible .
yoril_xq ( Date: 17-Jul-2009 09:26) Posted:
| Waiting for the next wave up! |
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Waiting for the next wave up!
Emm agreed with u. Now waiting for better price to enter.........
Bintang ( Date: 11-Jul-2009 16:33) Posted:
| Regardless of the TA , Mermaid is quite a good undervalue stock . We just heard of its net backing ( NTA ) n fair value weeks ago when everything looked good . So for those who missed it could try to accumulate as the price is coming down . The reasonable entry point may be at 48 cents . |
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Regardless of the TA , Mermaid is quite a good undervalue stock . We just heard of its net backing ( NTA ) n fair value weeks ago when everything looked good . So for those who missed it could try to accumulate as the price is coming down . The reasonable entry point may be at 48 cents .
From the Chart, we can see the short term EMA falling faster, thus crossing the long term EMA n moving below it (f.y.i i'm using 12 day EMA & 26 day EMA to see).
It represent a reverse in fortune n like what u mentioned a possible downtrend.
Besides the Mermaid MACD signal is weak as well.
Lastly the rebounce yesterday is not strong as well like what u say............
I thk currently don't buy first, wait for better signal..
Bintang ( Date: 10-Jul-2009 23:38) Posted:
I hope I might be wrong , but according to the chart , the long term EMA has crossed the short term EMA n head down , any rebound might be blocked by the EMA n turn down , it must take some time to go sideway before a strong bound n cut the EMA to do the reversal .
dealer0168 ( Date: 10-Jul-2009 23:06) Posted:
| Hi Bintang, as what u say ......ya the up surge may be temporary rebound only. |
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I hope I might be wrong , but according to the chart , the long term EMA has crossed the short term EMA n head down , any rebound might be blocked by the EMA n turn down , it must take some time to go sideway before a strong bound n cut the EMA to do the reversal .
dealer0168 ( Date: 10-Jul-2009 23:06) Posted:
Hi Bintang, as what u say ......ya the up surge may be temporary rebound only.
Bintang ( Date: 10-Jul-2009 17:26) Posted:
| Mermaid made a technical rebound today still could not cross 56 cents , it may go the way like Swiber did ,yesterday Swiber made a rebound , but retreats again today . I think this is because of the 200EMA is functioning . The picture is clearer now . |
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Hi Bintang, as what u say ......ya the up surge may be temporary rebound only.
Bintang ( Date: 10-Jul-2009 17:26) Posted:
| Mermaid made a technical rebound today still could not cross 56 cents , it may go the way like Swiber did ,yesterday Swiber made a rebound , but retreats again today . I think this is because of the 200EMA is functioning . The picture is clearer now . |
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Mermaid made a technical rebound today still could not cross 56 cents , it may go the way like Swiber did ,yesterday Swiber made a rebound , but retreats again today . I think this is because of the 200EMA is functioning . The picture is clearer now .
Accumulation by DBS Vickers?
Ya, still early..... end of the day will be clearer.
Bintang ( Date: 10-Jul-2009 11:16) Posted:
The technical rebound looks quite positive but it will be unsustainable ,because the price has already fell below the 30EMA which is at 56 cents , the current rebound also stops below this point . We would have the clearer direction by closing .
Bintang ( Date: 10-Jul-2009 00:13) Posted:
| Hi , dealer0168 , hope the rebound be a very powerful one in order to change the trend , but do u think is possible ? The oil price is still going down . |
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The technical rebound looks quite positive but it will be unsustainable ,because the price has already fell below the 30EMA which is at 56 cents , the current rebound also stops below this point . We would have the clearer direction by closing .
Bintang ( Date: 10-Jul-2009 00:13) Posted:
| Hi , dealer0168 , hope the rebound be a very powerful one in order to change the trend , but do u think is possible ? The oil price is still going down . |
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btw, do u guys think oil will fall to $50-$52 in the coming weeks?
Yup........ but oil price been down for a while, not sure if it has stablised.............
Actually tonight Dow outcome also play a part. The possibility for a bull, i will put it as only 40% possibility.
Btw China Sport fortune depends alot on Dow tonight too. If Dow fall badly, 
omg.
Bintang ( Date: 10-Jul-2009 00:13) Posted:
| Hi , dealer0168 , hope the rebound be a very powerful one in order to change the trend , but do u think is possible ? The oil price is still going down . |
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Hi , dealer0168 , hope the rebound be a very powerful one in order to change the trend , but do u think is possible ? The oil price is still going down .
Hi Bintang, i interpreted it as Mermaid formed a Inverted Hammer Pattern today. It maybe a bullish sign depending on next day trading day outcome..
Bullish sign can be confirmed in the form of the next day opening is above the inverted hammer’s real body.
The larger the gap the stronger the confirmation will be. A white candlestick with higher prices can also be another form of confirmation.
(Emm as usual is a discussion, if wrong feel free to point out )
Hi RichTan, emm how u see on this one. Can give us some pointers as well.
(Emm similarly, if i am wrong feel free to point out )
Bintang ( Date: 09-Jul-2009 22:04) Posted:
| The trend of mermaid looks really bad , even the market made a technical rebound , mermaid still went down n broke the 55 EMA . If the market would rebound strongly tomorrow , may be it would be the last chance to escape . |
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The short term support could be 47.5 cents , today even broke the 200EMA , therefore I m so bearish .
bh704428 ( Date: 09-Jul-2009 23:58) Posted:
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so is it you think mermaid is likely to head towards 41 cents in the short-term?
Bintang ( Date: 09-Jul-2009 23:43) Posted:
| According to the four weeks rule , we must avoid it , do not against the trend |
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so is it you think mermaid is likely to head towards 41 cents in the short-term?
Bintang ( Date: 09-Jul-2009 23:43) Posted:
According to the four weeks rule , we must avoid it , do not against the trend .
bh704428 ( Date: 09-Jul-2009 22:47) Posted:
| so is it u think tomoro it's not advisable to buy at 52-52.5 cents in the morning |
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According to the four weeks rule , we must avoid it , do not against the trend .
bh704428 ( Date: 09-Jul-2009 22:47) Posted:
so is it u think tomoro it's not advisable to buy at 52-52.5 cents in the morning?
Bintang ( Date: 09-Jul-2009 22:04) Posted:
| The trend of mermaid looks really bad , even the market made a technical rebound , mermaid still went down n broke the 55 EMA . If the market would rebound strongly tomorrow , may be it would be the last chance to escape . |
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so is it u think tomoro it's not advisable to buy at 52-52.5 cents in the morning?
Bintang ( Date: 09-Jul-2009 22:04) Posted:
| The trend of mermaid looks really bad , even the market made a technical rebound , mermaid still went down n broke the 55 EMA . If the market would rebound strongly tomorrow , may be it would be the last chance to escape . |
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