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Now I feel like I am alone in SYNEAR again...lol! Where do all of you gone to? China counters down, all run road liao...lol! OK back to some serious calculation. SYNEAR was from 1.60, shot up to 2.48 that is 88¢ of gain. From 2.48 it retrace back to today's close at 2.15, that is 33¢ loss. I calculated these numbers and it happens to be 38% which coincide to the Fibonacci rule. Here I am seeing 2.15 as the support now and the next support is at 2.04, 50% retracement. So if one gets into trade today at 2.15 (that's me), we might see rebound tomorrow. If not, will be at 2.04. Hope I am right about it man...I will hold on with my believe at this moment and if wrong and it breaks 2.04 support, I will run also.
mmm....I am back in again. Morning exit @2.28, then get back @2.16. I am hoping for a dead cat rebound. Hope I don't regret. Lets see tomorrow. Cheers.
OK, I am out already. Cannot fight the trend lah. Made quite a lot already. Cheers.
Please take note, we are on ALL TIME HIGH. The last resistance was broken convincingly at 230. Anything can happen from here. Please trade with caution. Cheers and may all make more $$.
WE ARE BACK ON TRACK...UPTREND. Cheers!
Keep a cool mind. Following the frnzy selling will not only loose $$ but will make one be left out of the bull. I am still holding my view, BULL INTACT, correction/consolidation now. Will charge once all weak holders shaken out, thats stock mkt! Well, SYNEAR recovered much of the losses from the morning. Will see from here. Yes, thanks techsys, will be careful when trading this counter, have to nimble. But for me now, hold tight! Cheers.
Great counter for you Idesa. becarefull, stochastics says you need to do some preparation. Don't think bullish all the way up. should be some stop point then continue its movement.
Is the party over?....I think NOT. The sell down is basically adjusting all China counters which anyhow cheong these few sessions. SYNEAR is a fundamentally sound counter which was unfortunately being pull down by the mass selling. Should recover in the afternoon or the next few session. I am holding on. Should see higher high in the coming days. It's just me strategy and thoughts. No intention to induce buying at the point of time.
226/227 absorb quite well for all the selling. Once selling all done, we should see upside move...just guessing. Had been staying at this level for the whole late morning and afternoon. Maybe move tomorrow.
Now blindly buy any China stock also make $$. Which is a worrisome sign! The mkt will let you carry away and once it drops, this is gonna be very very hard one for the China stocks. Let's hope this continue for a while...I am loving it...hehehe!
CWQuah, Yes, 230 is the major one to break. Once break, it's a free run...lets hope tomorrow my wish comes true.
Idesa168,
Good call to buy Synear earlier today. There may be opportunity to short this, but perhaps only tomorrow as there's still too much support to breach (Only one key resistance left which is the 2.30 mark. Plus, not much time left to cover shorts anyway.
Happy trading!
First day cheong on Friday was from the BB. The 2nd day cheong that is today is from retail investors. Comes the 3rd day, will there be any residue to fire somemore? I thought of taking some short position (play play oni). I had contra my Friday position, now only holding my core.
Hi Idesa, my next fast train is ChinaInfra ... Have collected some significant amount. ...
When you see profit of your investment, let it roll. If loss, then cut. For this instant, let it roll, did not bother to switch to another China play unless SYNEAR is not in favour, but this is not the case. As for China Milk, good choice, more profit lah...wish you the best. I will wait for the Chinese to come back from their holiday. Cheers.
Hi Idesa168, you are so loyal to this counter. Btw this is my calculation.
I switched my investemt from Synear to ChinaMilk. With 3 synear I can have 2 Chinamilk. With this configuration, we can have more provit. Almost 150% from money I had vested in.
Good luck to you ... I full of dumpling already .. ha ha ha
I think the frenzy is not over yet. China is having holiday for 7 days I think (Golden Week). So when they are back, they are gonna create a sonic boom here. Dun take profit yet. If hungry try eating some dumplings first...hehehe!
If I learn anything from HSI in the past month, the notion of China fund buying in can be very powerful.
For all we know, the market has priced in a higher P/E ratio for Singapore listed Chinese firms.
So why dun we enjoy the ride up, while taking profit along the way? =)
This one brakes spoil liao. The roof is at 230. See if it breaks or not.
Useful thread on Wallstraits :
Beware the rumour on China fund buying up SGX listed China stocks......
Massive selldown on such stocks coming .............
Another good viewpoint some may not like to hear