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Hi, Chinastar...How do you know "foreign" are selling? Is there a tool or software to track the buyer/sellers?
Foreign funds are selling the shares.
seriously don't know whats wrong with this counter, even creative's price is higher....
Support at $5.5....Freefall.
don't think got strong support for sgx at all, been free falling almost everyday
Next strong support in region of 6.20 to 6.25
| Posted: 04-Mar-2008 16:45 | |
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Technically, head and shoulders already. |
falling like an endless pit currently....really damnz scary
I believed if SGX closed higher today i.e. above open price, this might signal a reversal trend for SGX. Again...trade with caution. Dun trade for the day if there's any doubt.
looking at current situation...could it be 6.85 now a resistance?
Saw some support at 6.85. Pls trade (short) with caution.
located some soft support at $6.75
I agreed with the others too. Support level of around $7.6 was broken with very heavy volume and that is a very bearish sign. It has breached it's January lows and tomolo should open with a gap down. U can see the chart over at my blog here.
Hi Singaporegal and Elf,
Thanks for sharing, points noted. Will put this on watchlist for the meantime....
Cheers.
hey winstontkl, concur with singaporegal.
add in one more point for FA: with reduced vols, their profits will be drastically reduced: by at least half. The run up to 16.5 end last year was on hopes of high vol when the QDII funds came in. that is not materialising as yet. So expect fair value rerating, downward.
TA pic is as singaporegal says. i put a 6.6 target for tmrw-wed. May even go lower, depending on margin calls. expected large margin calls across the board. you can see the money flow. It's likely going to be a vicious cycle.
Call: short mother stock, or put warrants. intraday scalp. do not hold beyond the end of day.
caveat applies as per usual. You pull the gun, you bite the bullet. ;)
OK, I am going to correct my mistake done on Friday, left this open. So I am going to sell when open!
No change in TA outlook since my last post. Still looking very bearish.
Why sudden negative sentiment surround this counter.....with its solid result....shouldn't it hold......seems like BB is throwing all fundamental out of the window.....
Elf, any positive or negative points to sum up for SGX??? TA wise, thanks for sharing your view...ya ya..points taken for reference only right...hee...hee..
volatile....down by 96.96 break thru 12000 level again...
NOW DOW JONES IS NOW DOWN 120+ POINTS.
If DOW stays unchanged +/-10 pts, there is hope SGX will stay afloat on Monday. My dear Elf, your calcualtion of 6.6 may need to postpone, to at least after I make my exit...LOL!
The greed came over me when SGX traded at 7.13, I should have let go all my holding. Not knowing I got called away...sigh! Now have to spend my wkend in worries. Even if it trades up on opening this Monday I think the gain is not worth in exchange to live in fear for the next 2 days.
GOLD is trending up, but somehow the ETF is going southward, puzzled!