Renewable Energy   

Renewable Energy

Renewable Ene gapped down at 15 cents today , after a technical rebounce later , it may reach 10 cents eventually .

Bintang      ( Date: 18-May-2011 10:00) Posted: Renewable Ene has reached the target at 13.5 cents . Bintang      ( Date: 17-May-2011 18:49) Posted: Hi share7 , Renewable Ene fell from 26.5 cents while touching its 200MA on 19/01/11 . It went down to 18 cents on 17/03/11and   rebounded to form a bearish rising wedge . Breaking this formation on 14/04/11 n continued the downtrend , by measuring the distance from the point of breaking down at 21 cents  , we could get the downside target at 13.5 cents . Bintang

 

I doubt it will hit 10c or below. If this happens, then it is oversold.

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shorted heavy at 14c today...hope drop below 10c!

 

I have posted many warnings about this counter before. Believe or not up to you.

bishan22      ( Date: 18-May-2011 10:24) Posted: No hurry, wait for further drop before scooping for long, long term growth, just like carpet grass. hehehhhh.  GuavaXF30      ( Date: 18-May-2011 10:11) Posted: The answer my Friend, is blowing in the wind..... Like that old song says, this is one HOT AIR counter. Future energy ? It's going down, big time

 

No hurry, wait for further drop before scooping for long, long term growth, just like carpet grass. hehehhhh. 

GuavaXF30      ( Date: 18-May-2011 10:11) Posted: The answer my Friend, is blowing in the wind..... Like that old song says, this is one HOT AIR counter. Future energy ? It's going down, big time ! Bintang      ( Date: 18-May-2011 10:04) Posted: The downtrend is not ending yet

 

The answer my Friend, is blowing in the wind..... Like that old song says, this is one HOT AIR counter. Future energy ? It's going down, big time !

Bintang      ( Date: 18-May-2011 10:04) Posted: The downtrend is not ending yet . Bintang      ( Date: 18-May-2011 10:00) Posted: Renewable Ene has reached the target at 13.5 cents

 

The downtrend is not ending yet .

Bintang      ( Date: 18-May-2011 10:00) Posted: Renewable Ene has reached the target at 13.5 cents . Bintang      ( Date: 17-May-2011 18:49) Posted: Hi share7 , Renewable Ene fell from 26.5 cents while touching its 200MA on 19/01/11 . It went down to 18 cents on 17/03/11and   rebounded to form a bearish rising wedge . Breaking this formation on 14/04/11 n continued the downtrend , by measuring the distance from the point of breaking down at 21 cents  , we could get the downside target at 13.5 cents . Bintang

 

Renewable Ene has reached the target at 13.5 cents .

Bintang      ( Date: 17-May-2011 18:49) Posted: Hi share7 , Renewable Ene fell from 26.5 cents while touching its 200MA on 19/01/11 . It went down to 18 cents on 17/03/11and   rebounded to form a bearish rising wedge . Breaking this formation on 14/04/11 n continued the downtrend , by measuring the distance from the point of breaking down at 21 cents  , we could get the downside target at 13.5 cents . Bintang . Share7      ( Date: 17-May-2011 16:53) Posted: Hi Bintang, can share how do you derive the 0.135 target for the downside? What technical indicators do you use to do the projection? Thank yo

 

Bought some today at 14.5 cents. Hope can make some profit... Good luck to all..

 

i believe dd and ss mean demand and supply. yea it does sound scary that the stock may gg to fall so hard after seeing some members' post. but it still feels abit comforting haha that there are still members holding it, less alone XD can say when u sell lols? anyway, TA also shows the RSI and stochastic at the oversold level, hopefully wont down too much when market over. although it also shows its in downtrend. :( see how later when market opens.. i think my cut loss at 0.155..but nv know again..gd luck to all!

 

if the profit warning is just recent and the price not yet dip much enough,  the pick up in biz is quite a long term, no harm waiting.

Having some contracts sounds good but the market nowadays is testing investors' patient.........Dont buy too early and let the money sit for too long.

the turn around from it's restructuring in biz is so fast and big( a few already as a new comer).........did you attend their AGM, go and study the boardmembers if you are not trading using TA

I don't have this share, just becareful if you are new comer into china stocks..............just personal view

 

New123, agree, it is an indicator. Apology for my ignorant, what is DD and SS? It is good to see how market react tomorrow as Mr Market is always right. By the way, I am vested. Thank you

New123      ( Date: 17-May-2011 21:34) Posted: I would say technically is just a rough indication. It is not always true. Mkt is basically depended on DD and SS.Is good to share... Share7      ( Date: 17-May-2011 19:15) Posted: Hi Bintang, thank you for valuable sharing. Indeed I agreed with you that this stock is presently bearish, and with the profit warning, may still have some way to fall. Trying to learn to read the technicals better to hope to profit from this. Thank you.

 

I would say technically is just a rough indication. It is not always true. Mkt is basically depended on DD and SS.Is good to share...

Share7      ( Date: 17-May-2011 19:15) Posted: Hi Bintang, thank you for valuable sharing. Indeed I agreed with you that this stock is presently bearish, and with the profit warning, may still have some way to fall. Trying to learn to read the technicals better to hope to profit from this. Thank you.  Bintang      ( Date: 17-May-2011 18:49) Posted: Hi share7 , Renewable Ene fell from 26.5 cents while touching its 200MA on 19/01/11 . It went down to 18 cents on 17/03/11and   rebounded to form a bearish rising wedge . Breaking this formation on 14/04/11 n continued the downtrend , by measuring the distance from the point of breaking down at 21 cents  , we could get the downside target at 13.5 cents . Bintang

 

Hi Bintang, thank you for valuable sharing. Indeed I agreed with you that this stock is presently bearish, and with the profit warning, may still have some way to fall. Trying to learn to read the technicals better to hope to profit from this. Thank you. 

Bintang      ( Date: 17-May-2011 18:49) Posted: Hi share7 , Renewable Ene fell from 26.5 cents while touching its 200MA on 19/01/11 . It went down to 18 cents on 17/03/11and   rebounded to form a bearish rising wedge . Breaking this formation on 14/04/11 n continued the downtrend , by measuring the distance from the point of breaking down at 21 cents  , we could get the downside target at 13.5 cents . Bintang . Share7      ( Date: 17-May-2011 16:53) Posted: Hi Bintang, can share how do you derive the 0.135 target for the downside? What technical indicators do you use to do the projection? Thank yo

 

Hi share7 ,

Renewable Ene fell from 26.5 cents while touching its 200MA on 19/01/11 . It went down to 18 cents on 17/03/11and   rebounded to form a bearish rising wedge . Breaking this formation on 14/04/11 n continued the downtrend , by measuring the distance from the point of breaking down at 21 cents  , we could get the downside target at 13.5 cents .

Bintang .

Share7      ( Date: 17-May-2011 16:53) Posted: Hi Bintang, can share how do you derive the 0.135 target for the downside? What technical indicators do you use to do the projection? Thank you Bintang      ( Date: 17-May-2011 14:46) Posted: Renewable Ene came down after the dead cross was formed on 28/04/11 , daily RSI is now at 25 where is an   over-sold territory . ADX is rising from 15 while +DI n -DI are negatively crossed . There would be more room for it to go down further

 

Hi Bintang, can share how do you derive the 0.135 target for the downside? What technical indicators do you use to do the projection? Thank you

Bintang      ( Date: 17-May-2011 14:46) Posted: Renewable Ene came down after the dead cross was formed on 28/04/11 , daily RSI is now at 25 where is an   over-sold territory . ADX is rising from 15 while +DI n -DI are negatively crossed . There would be more room for it to go down further . Bintang      ( Date: 16-May-2011 12:16) Posted: Renewable Ene has come down to fill the gap at 17 cents today , the  downside target is at 13.5 cents now

 

New123, appreciate your inputs. Thank you, my sentiment likewise. Technically it is bearish. Hopefully the loss is not as large as 2010 as it wipes off the net profit of RMB11mil+ in the half-year. 

 

The growth potential for wind energy is great. As for the fastening business is not doing well. The company is focusing 100% into wind energy which I think is good. They have already secured a few contracts(GROUP TO JOINTLY DEVELOP WIND FARM IN HAIMEN CITY WITH CHINA DATANG    ,.REA GROUP RECEIVES GO-AHEAD FOR SOLAR ENERGY FARM IN INNER MONGOLIA,  REA GROUP INKS AGREEMENT FOR RENEWABLE ENERGY DEVELOPMENT IN GANSU  ).  I  hope long term ( 6 - 12 months) hopefully can see 26 - 30 cents.    

Share7      ( Date: 17-May-2011 12:35) Posted: New123, care to share why are you so confident on REA considering the loss is on their manufacturing business which analysts projected good growth. Will appreciate your input too why you would collect at 0.155 to 0.16 when the NAV is only 0.0779. Thanks

 

Renewable Ene came down after the dead cross was formed on 28/04/11 , daily RSI is now at 25 where is an   over-sold territory . ADX is rising from 15 while +DI n -DI are negatively crossed . There would be more room for it to go down further .

Bintang      ( Date: 16-May-2011 12:16) Posted: Renewable Ene has come down to fill the gap at 17 cents today , the  downside target is at 13.5 cents now . Bintang      ( Date: 20-Dec-2010 22:19) Posted: RenewableEne came down again to 18.5 cents , DIs are negatively placed n ADX is flat at 24 . RSI shows weak trend . If it goes down to fill the gap at 17.5 cents with big volume , then the downside target may materialize .

 

New123, care to share why are you so confident on REA considering the loss is on their manufacturing business which analysts projected good growth. Will appreciate your input too why you would collect at 0.155 to 0.16 when the NAV is only 0.0779. Thanks