SGX    Last:14.72    -0.06

SGX

low of 17 Aug (7.65) broken.

Pls be careful.

 

by looking at the chart it will probably go down to ard $7.5 where there should be a strong support.  The next trend frm there will still depend on Fed's meeting on the 15th. If the news isnt good, it might go down to as low as $5.5

any comments ?

 

I think the terms used here are incorrect. Head & shoulder is used for description at peak. Since this counter has already passed that peak, term to use is 'Double Bottom' or 'Triple Bottom'.

 

Neckline cuts across 17 Aug and 22 Jan.

This is the head and shoulders of a right-handed tennis player, single-handed back hand.

 

It hard to tell the bottom price, but should be near... Base on the chart and calculation, should be between $7.5~$7.2 reach low of RSI. From there should form an upward trend to high of $8.8 ~ $9.2

 But the Fed meeting will be the deciding factor whether it can hold the reversal

 

LOL... where got H&S? i dun see any leh?

From what i see it will go down more.. just wait 1st 

 

DnApeh,

U mentioned Head and shoulder pattern, meaning it will fall/rise further?

Can explain?

 

it's  about time for it to recover to uptrend if not will hit the next support at 7.6 then 7.3 then last pyschological support will be 6.8..(correct me if i'm wrong ok).  However, I strongly think that it will not hit the last lowest low.... Tahan abit till next week and road to recovery is coming.... Locked on radar on this rare opportunity already...

Once hit my target price... all out on this stock!!!! cheers

 

Technically, head and shoulders already.

 

anyone knows any bad news that cause this drop?? want to go in but don't seem that the drop will stop at all... still waiting

 

Careful with this counter.

Join the lows of 17 Aug & 22 jan. The direction cannot be clearer.

 

gosh*! SGX broke its support level!!!

 

Hi e-bird:  I believe "naked short" means you are NOT selling and then buying the SAME day. 

 

SGX dropping so low now, not knowing what to expect....

 

Hello!

I was reading about the short selling commission and i am abit confused...

So lets say naked short (as in don't have SBL or CFD acct right?) so you just sell first and than buy on the same day (intra-day), commission levied by who will be 0.75%? So high?

 

AK:  Welcome back!  Are you missing the kampong starry sky?  Did you get the chance to eat Ipoh pomelos?
(When we were there, didn't know how to choose a good pomelo.  So ate one from NTUC instead).    
Anyway, a delayed congrat  on your SGX fat NY ang bao! 

 

Now that SGX is FINALLY near the support price, with mkt like today, dare to buy?

 

Sorry one more point your so-called T+3 end of day trading price plus 2 bids higer is tentative. You hv to look at the same stock price on T+4 before 11.30am. If by then the price is higher than the previous day one, then you have to pay the new price at 11.30am plus 2 bid higher.

 

Hope the below help;

shares trading in SGD	by phone	online	naked  short
minimum commission	SGD 30	SGD 23	NA
Transaction Size
SGD 50,001.00	0.50%	0.38%	0.75%
SGD 50,001-100,000.00	0.40%	0.30%	same
above 100,000.00	0.30%	0.23%	same
clearing fee(CDP imposed)	0.05%    maximum $200
SGX trading fee	0.0075%	same	same
misc fee	not appl	not appl	$30.00
GST for all the above 7%, pay government

 

 

 

It is better that you naked short, if you really want the stock market to go up.  This is because once "they" know you shorted, they will push up the price for you to buy up until you close the position.  Better still if you borrow stocks and short, because then the market will really see Mr. Market pushing up and up on these shares. 

 

wow...shld hv SHORTED SGX as well...hee...ok in my radar screen now on...hee

:D

 

Doing intra-day naked shorts, or, for that matter any short-term shorts, are simply not worth the risk, considering the inherent risk/reward factors and such... and the resulting crumbs collected.