Universal Res    Last:0.17   -

Take a look at this

noticed unusual trading volume and price spike for this usually sleepy counter (after May) today...Anybody know whatz happening? thanks!

 

The price has been rising most probably due to high oil prices.

 

whats now?

 

Can anyone tell me why this sudden surge in prices? At last can break away from my "baby -sitter" mode liao.

 

oic... you look at it this way.

for me, if I buy different lots of the same share at different prices (which rarely happens), I usually consider only the average price of the entire investment for that stock.

Anyway, I'm not an "expert" but this is what I see for this stock. Relatively low volume for the past few weeks... this is not a good sign. Means lack of interest in this stock - hard to make money.

 

Hi singaporegal,

$0.41 = xx lots, $0.365 = xxx lots, $0.34 = xx lots, $0.30 = xxx lots

I offload $0.34 and $0.30 lots at $0.355. Remaining shares still made a loss mah, and since this counter fundamentals good but market uncertainty + I not a good "chartist", that is why I need to seek advise from expert "chartists".

 

Hey rougue trader,

How come you offload only some of SKY Petrol? Seems a strange way to trade, if you ask me........  I usually buy all at once or sell all at once.

 

sorry type too fast... oddload = offload...

 

Offloaded some this morning. Anyone cares to advise me shlould I oddload all the remaining shares I have or long?

 

Thanks for all the info. I not a "chartist" so there still a long way for me to go. But just been to china recently, and there a lot of "news" on Sky Petrol, China Petro and Baidu... Can take a look if you guys have the time, cheers!

Let our bank accounts combine and aim for that evergreen market...

 

oops, sorry it's trading between $0.295 & $0.305 range .... last done at $0.30 a few mins ago.

 

It may drop to possibly $0.315 and  pause there for a moment .... or it may slide further to $0.26 .... Next few days/weeks will provide clearer indications ..... or maybe, who knows, if the trend reverses next week .... it may go up (not likely right now, as what singaporegal says - based on charting)

For now, indications suggest that it is going down .....

 

Its based on charts. If you pull out ShareJunction's RSI chart, you'll see that its been downtrending since late March and there's no sign of uptrend. This is double confirmed by the AD chart which shows also a downtrend.

I can't tell you what entry price to go in because I can't see (from the charts) a trend reversal happening yet. I suggest you check back again in 1-2 weeks.

 

Hi singaporegal, ur opinions is based on charts or other sources? Can share? Coz I had vested interest in this counter but I know one can't possible "buy low, sell high". Can advise on the best entry price so that I can stork up again, thanks.

 

I think it still got more downside to come. Its on a sustained downtrend for about 2 months now. And I can't see any trend reversal yet. Hold off it for a while, I think.

 

This counter had fallen more than 50% from its peak, and oil futures is still quite high. Management team is good considering Mr Lim Jit Poh is inside. Got limited downside, might go down to $0.28. But upside = incredible.