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2.01 wow.
krisluke ( Date: 28-Jan-2011 14:29) Posted:
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Our pivot point stands at 2.38.
Our preference: target 2.01.
Alternative scenario: the upside breakout of 2.38 would call for 2.49 and 2.55.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expectfurther downside. Moreover, the stock is below its 20 day MA (2.28) but above its 50 day MA (2.22).
Supports and resistances: 2.49 *2.38 **2.34 2.24 last 2.07 2.01 **1.95 *
// TRADING CENTRAL is a commentary service specialising in technical analysis // |
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Our pivot point stands at 2.38.
Our preference: target 2.01.
Alternative scenario: the upside breakout of 2.38 would call for 2.49 and 2.55.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expectfurther downside. Moreover, the stock is below its 20 day MA (2.28) but above its 50 day MA (2.22).
Supports and resistances: 2.49 *2.38 **2.34 2.24 last 2.07 2.01 **1.95 *
// TRADING CENTRAL is a commentary service specialising in technical analysis //
FOR YOUR REFERENCE, trade wisely.
TA Alert – NOL (27 Jan 2011)
NOL initiated a strong rebound at the $2.15 key resistance-turned-support, 100-DMA and lower boundary of its 2-year uptrend channel with a significant pick-up in volume this morning.
Coupled with the RSI just climbing back above the 50% mark and MACD showing signs of a rebound just above its centerline line, these signals suggest that the counter is likely to be more upside biased moving forward.
As such, should the $2.15 key support continue to hold its ground, we could see NOL recovering further towards the next key resistance at $2.63. The subsequent resistance is pegged at the $3 key psychological level.
Resistances and Supports |
2nd resistance | $3.00 | Key psychological resistance |
1st resistance | $2.63 | Key support-turned-resistance |
| | |
1st support | $2.15 | Key resistance-turned-support |
2nd support | $1.90 | Key resistance-turned-support |
//OCBC IR//
Will NOL rebound from the 100 day MA? hmm...
What happen ?? Heart attack !!! Anyone kenal stuck ??
On Friday, NOL broke the support at $2.35 and closed at $2.34 with HIGH volume of 6.9 million shares traded.
A black candle stick with long lower shadow affirms that prices are
still supported at $2.32 and traders are still willing to buy above
this level.
Both RSI & MACD are turning bearish as RSI perform a sharp down tick.
Important Resistance of NOL: $2.35
Immediate Support of NOL: $2.32
Currently prices are well above 20/50/100/200 days MA.
Despite having heavy profit taking on recent rally, prices still remain well supported at $2.32.
Support at $2.32 is expected to be very strong.
With prices at such high level................
.READ MORE
Container shipping; NOL (NEPS.SI, S$2.38, O) Morgan Stanley's top pick in the group. Improving rates and stronger-than-expected volumes should be supportive of stock performances in the near term. After ~30% declines in spot freight rates, rates appear to have troughed at breakeven levels at end-2010, and increased volumes on the back of a seasonal pre-CNY volume surge is lending strength to rate recovery over the next few weeks. We think NOL is likely to outperform in 2011 as we believe profitability is likely to further improve this year (unlike that of most other liners, which we expect to post declining profits YoY), exceeding consensus estimates. Life Is Great
Technical Comment from The Edge - Breaking Out (Underlying Tone Bullish)
quarterly momentum is rising, volume also rose on white-candle days, moving averages positively-placed
RSI has broken out and ADX has just turned up against positively place DIs
Next resistance level will be at $2.80 and support level will be at $2.20
Life Is Great
Keep moving up...
NOL...hebat!
Too bad, not vested
NOL looks bearish, but look out for sign of reversal.
read my analysis on NOL
| NOL cut to Hold from Buy by Phillip; Eyes $2.41 |
| WRITTEN BY DOW JONES & CO, INC |
| FRIDAY, 17 DECEMBER 2010 09:19 |
Phillip Securities downgrades Neptune Orient Lines (N03.SG) to Hold from Buy due to limited upside of 11.6% from current share price to fair value estimate of $2.41, which is raised from $2.36 due to higher estimates.
The house is now more optimistic on the outlook of container shipping industry, while “NOL has also ordered new container vessels, which shows it is confident about the future.” Raises net profit forecasts for FY2010 and FY2011, FY2012 by 23.4%, 35.8% and 14.3% to US$474 million ($622.7 million), US$621 million and US$678 million respectively.
Expects NOL to announce an annual dividend of $0.05 per share when it reports FY10 results in February, approximately 21.0% of its EPS. No dividend was paid in FY2009.
“As earnings continue to improve, we forecast annual dividends of $0.06 and $0.07 per ordinary share in FY2011E and FY2012E respectively.”
Shares up 0.5% at $2.17.
|
/theedge/
/icomeireadipost////
| CIMB positive on containers; NOL top pick |
| WRITTEN BY DOW JONES & CO, INC |
| WEDNESDAY, 15 DECEMBER 2010 15:26 |
CIMB maintains its Overweight stance on container shipping, as “order book relative to the existing fleet is light compared to the bulk and tanker sectors.”
Though the house expects an interim dip in freight rates in 2011 after a strong 2010, “rates should move up again in 2012 and beyond as supply growth is set to moderate and demand growth will pick up pace.” The house’s top pick in the sector is Neptune Orient Lines (NO3.SG), rated Outperform with a $2.63 target. It says NOL will benefit from structural cost reduction when it replaces 150,000 twenty-foot equivalent units of expensive chartered-in ships with cheaper owned tonnage in 2012-2013. NOL shares are flat at $2.19.
|
/theedgesingapore/////
Credit Suisse recommends BUY on NOL, Target Price at $2.43Container shipping rates falling, but carriers to hike rates
Carriers have been proactive in withdrawing capacity after the peak
season, and we think this is just the beginning, as idle capacity is still
low. We are not negative on trade demand outlook for 2011E, as
macro data and indicators suggest decent growth in global economies
and thus trade demand in the months ahead. We expect 2011
industry supply-demand to be in balance.
Carriers have been recently announcing unusual freight rate
restoration programmes on major long haul Asia/Europe and
Transpacific trades, in light of the declining spot rates. We think the
probability of these rate hikes being successfully implemented is
rising, on favourable demand conditions.
We note that forward freight rates are above current spot rates, suggesting optimism from industry players. We like OOIL, China Shipping, Evergreen, Wan Hai Lines
and
NOL.
Make love more, don't make more enemies
| NOL carries 6% more cargo in 4 weeks to Nov 12 |
| WRITTEN BY THOMSON REUTERS |
| TUESDAY, 07 DECEMBER 2010 08:36 |
Singapore’s Neptune Orient Lines (NEPS.SI) (NOL), the world’s sixth-largest container shipping firm, carried 6% more containers in the four weeks to Nov 12 compared with a year ago.
NOL said in a statement it shipped the equivalent of 220,800 40-foot containers (FEU) on its vessels in the period, up from 208,000 a year earlier, due mainly to higher volumes carried on the intra-Asia and Asia-Europe trade lanes.
The average revenue in the period from each container was $3,649, up 25% from the year ago period. |
/theedgesingaporeicomeireadipost/
Pre-christmas shipping to western countries, pushing shares price up.
maybe.
can explain what is the term married deal.
txs
chriscyng ( Date: 18-Nov-2010 11:18) Posted:
Wow, huge married deal done in $2.15. something brewing? |
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On Friday, NOL re-test $2.26 resistance and closed at $2.22 with LOW volume of 5 million shares traded.
A black candle stick with little upper shadow indicates that traders
prefer to take profit as it approaches the resistance rather than
buying it upwards.
Both RSI & MACD are turning bullish as MACD perform a “golden cross” today.
Important Resistance of NOL: $2.26
Immediate Support of NOL: $2.22
Currently prices are supported by 20 days MA at $2.22
NOL continues to be supported at the rising trend lines although the trading volume has been decreasing for the past weeks.
We would not say NOL is bullish since MACD golden cross has perform under very low trading volume.
Therefore we would not advise investors to enter NOL in short term.
SEE ANALYSIS FOR KEPCORP
Wait for more pullback to 200 days MA or breakout of critical resistance at $2.35
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