Hengxin Tech   

Hengxin on uptrend?

Boonhow65...

I tend to agree with you about Hengxin's weakness... and today, it fell another 0.15.


0.42 may be a good entry point. 

 

I know this might come in late.. but on 10 Apr some shareholders sold their stake..

Chen Li     Sold 2m

Shao Kesheng     Sold 2m

New Bright Asset Management     Sold 2m

Married trade? Or are they implying something?

Personally, I am waiting for share price to go down to 0.42 - 0.44 range, which I believe is their LT support line.

Not an inducement to trade. Good luck Humulus! Hope Im wrong!

 

Technically, the share price broke the near-term resistance of 0.51. The trend of RSI is trending down, but still not at the over-sold region. Thus, personally speaking, I don't think this share will be doing well for near term unless there will be a great news announcing by the company.

Fundermentally, the copper price has rose a lot since beginning this year, the company may not transfer the cost to their customer immediately, the profit margin will be narrowed.

The good news is hopping PR China will announce officially launch date for 3G soon, it will have a positive impact to the company.

Actually, I bought this share at 0.545 couple days ago, hoping it will round for the months low. But I cut loss at 0.53. Now, I will wait until the share price moving to below 0.45.

That are what I thought.

 

Hi Ipunter, do u knw why the sell down today? thot they just had a 3 figure profit?

 

With climactic selling like this today, it could make those still hopeful of a recovery abandon their last bit of hope.

Thus a further fall could be in store. But much will depend on the fundamentals( ie. the unknown fundamentals).

The previous all-time low was 0.39 after which it shot up to the sky.


 

 

This one is also having a tight squeeze but the juice appears to be oozing out from under.

 

 

Dear Readers,

 

It is time to buy for range rebound now!!! About 20% gain in the short tern will not be a problem!!!

 

Dear Readers,

I enter today 20 lots at Sgd. 0.54. I 'll consider bottom at this moment hopefully.

 

Just a spectator?   :)

 

no no no, i didn't enter..

 

When are you going in, Jackjames?   :)

 

after hongguo, now its hengxin time?? interesting..

 

Consolidation should be tomolo or next.. price may go up but will come down.. Super Over bought now. Of coz there is counters which Ignore Super Over bought for days but so far i am pretty correct.

 

Hengxin

Wa yesterday STI sell-off after large fall on Dow,  -51pts, and everyone is shivering scared until their pants drop, but Hengxin still do the cheong during that time like nothing happened !

Today  still continue the cheong!

---------------

 

new high however lack volume

 

cashiertan,

I think you're right... its definitely on an uptrend now. However, the inconsistent volumes may be an issue for this counter.

 

hengxin on the way to the old high?

 

hengxin on the way to the old high?

 

knightrider

Thanks for the soft landing!

 

Who can predict so accurate, then in 1985, cable car will not drop and Mr. Lee will not get promote to BG then later join politic and now PM Lee ! IT is all fated. What happen now if the arrow is heading south instead of up ????