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Straits Asia Resources has reached the uptrend support turned resistance. Beware of reversal!
http://mystocksinvesting.com/singapore-stocks/straits-asia/straits-asia-resources-sar-testing-resistance/
http://mystocksinvesting.com/singapore-stocks/straits-asia/straits-asia-resources-sar-testing-resistance/
Cleared 2.75 today with ease.
2.80 next. Upswing momentum is still maintained as good divergence of MACD and signal line suggests.
$3 near term target is achievable.
Stay tuned.
nobody expected the Japan Tsunami..hence all shares did take a beating..so straits asia is not alone..
but the appetite for coal as well as the demand has been surging..hence price will follow suit..
gd luck !
ozone2002 ( Date: 13-Feb-2011 23:02) Posted:
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Straits Asia Resource proposed name changed to Tiger Resource.
I don't like Tiger, scared later it will eat me up so I sold off today @ 2.67.
Good luck to those who is still holding on.
:p
Don't have to trust me but I'm quite confident this counter is good for clearing $3 in a few months time.
Must know when to exit too.
Vol was very healthy too... only concern now is whether it went too fast. Hope it sustains.
catalyst ( Date: 06-Apr-2011 18:04) Posted:
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15dMA begins to cross 55dMA as bullish mood is still in place.
More upside coming as price action closed is also today's high.
Stay vested.
goldenpiggy ( Date: 06-Apr-2011 09:48) Posted:
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wonder if the pattern will be the same nearer to closing time...
I trust they make money, I worry HOW they make money! 
Either that or you have shorted?
niuyear ( Date: 06-Apr-2011 12:09) Posted:
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You worry becos you dont trust OCBC? lol!
SGG_SGG ( Date: 06-Apr-2011 12:05) Posted:
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OCBC Investment Research has raised its target price on Singapore coal miner Straits Asia Resources (STRL.SI) to $2.91 from $2.74 and maintained its buy rating.
http://theedgesingapore.com/the-daily-edge/business/27891-ocbc-ups-target-on-straits-asia-to-291-keeps-buy.html
Okie.. now I start to worry...
Thanks.. will stay tuned.
catalyst ( Date: 05-Apr-2011 21:18) Posted:
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At overbought, there will always be a breather.
Be patient and stay vested.
More upside coming soon.
Wah.. close at 2.60....
Profit taking today or the end of the rally?
Pls read my post on 1 April on my target price.
Price action today right on track.
Stay vested for short term as mid year can expect a bit of another rally up.
niuyear ( Date: 04-Apr-2011 14:18) Posted:
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oh, ic.
whats your target price.
catalyst ( Date: 04-Apr-2011 13:13) Posted:
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Of course. If not, I wouldn't have bought.
Haha
niuyear ( Date: 04-Apr-2011 10:36) Posted:
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more upside to come within short term? :)
risktaker ( Date: 03-Apr-2011 13:57) Posted:
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