
Thanks Bintang for the clear analysis. However, I also saw divergence taking place these 2 days. Although prices are going up and momentum still strong, volume has been decreasing. Just be a bit cautious now, maybe should take some profit for those bought lower and for those thinking of entering now, think twice (unless you hit & run fast). A bit risky now, my personal view only.

HPL is on its way to $3.03 .
Bintang ( Date: 09-Jun-2010 20:32) Posted:
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WARNING CHIONG ON THIN VOL...............
BE CAUTIOUSLY OPTIMISTIC
In this uncertain market climate,
this stock "cheonged" and made many people rich overnight...

HPL broke the long box formation recently n surged strongly to reach $2.75 today . The long box formation took nine months to form , therefore the underlying momemtum is very strong . DIs are now positively placed n ADX is at 34 n is starting to rise . RSI is at 78 which shows the strong trend . Technically , it would go up to $3.03 to reach its short term target .
ozone2002 ( Date: 09-Jun-2010 14:14) Posted:
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This stock jump so high, so fast, based on just rumors.
Really make me suspicious, I doubt it could stay that high for long.
RSI already shows it's overbrought, high chance of falling soon.
This is not the time to Buy, Good for people who are Selling.
Another runaway horse. Miss the boat.

chiong again........
undervalued.......used to be $5
Buzz buzz is HPL may team up with Wheelock Properties (21% stake in HPL) to redevelop massive four Cuscaden/Orchard properties...
up 10%
very very thin vol easy to manipulate..
any case whatever makes $$ is a gd share..
Petrol can make it "Cheong Aaarrrhh!!!"?

burbur ( Date: 08-Jun-2010 15:34) Posted:
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wing tai got own land/hotel in orchard rd?
wing tai got ong beng seng?
what about Wing Tai. NAV $1.99 but still only $1.50+
No analyst write, no petrol to chiong?
NAV is $2.4 +...
undervalued stock...
chiong 20c today..
HPL chionging like mad on thin vol...
Strong buying interest detected...$2.40 to be gone in no time...
Next leg is $2.40....hospitality biz should do well tis year...
My gut feel is that this should test $2.30 soon....
Tip this to do well this year....

Once a $5-$6 stock....attractive level to accumulate now to enjoy the hospitality & property boomz.....