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A victim here! vested at 0.48 for 10K before end May tumble. At that time, do not know how to max profit/cut loss at 0.3%. Now learning and changing my mind set.
thanks to my fellow Veteran Gurus.....
Got profit, don forget to take proft it is going noth again to test $0.41
China Paper is due to announce its results next Tue 8/8. Think it is going to a prosperous one. The share price is creeping up lately. Fundamentals of the counter are good and chart shows upward trending. Anyone vested in this counter? Comments?
This week, 2nd day liao. Still no energy to push up, headache liao.
No energy today down -005cts
Trying hard to up it prices, but but not grow any strong leh.. coming week may not be that strong, no enegry to grow.
CP still growing strong to $0.405 cents. +0.01 cents
CP on going support still coming in at $0.395 cts (09:30), next week Mon to Wed may see px move moving btw $04.15 to $0.45 cts
Strong support at $0.395, tested $0.415 liao
Like the rest. China paper oso rise by 2cts or 5.4% to $0.39. Must thank Merrill Lunch Shanghai base stock analyst init coverage on ChinaSun, believe more is to come
I think ppl is still clearing their profit taking position before decided to move after it run up. Hope AIG increasing stake to 6.11% on open purchsaed by Toyko Transportation Pensions Funds can help China Paper move to it real value of it target recommendation px of $0.60cents.
The worst seems to be over for China Paper, with the recent huge correction for te mkt. The stock has tested the strong support of 0.305, many times, and seems to be trending up at the moment, like many of the china stocks.
From the recent high of 0.525, and recent low of 0.305, the fibonacci retracement levels of 50 % would correspond to 0.415 (which also correspond to a recent peak resistance), and the 61.8 % retracement level would bring the stk up to the 0.44 cents level,( which also correspondsto a resistance of 0.44-0.45.
In addition, the stk has cleared above all its moving averages (5, 10, 20, 50 100, 200). The stk looks like a 'buy' with the stop loss point at the recent low of 0.365.
A good entry would be at prices nearer to the 0.365 - 0.375 (hope it gets there), with a stop loss place at just below that.
Personal opinion - not an inducement to trade.
China Paper oredi fast tested 40 cts at (9:05am) this morning, going forward this paper money going north to tested $0.45/$0.48 cts, i believe.
Like other China related stocks. C.paper is following Hang Seng China entrep...index +ve (52pts)??
Look like $0.37/$0.75cts get very supportive, px may even end of the mth tipping $0.40cts
Tested $0.405 cts, but ppl like to clear their position & take profit 1st B4 it run up again. Look like i miss the boat at $0.3x which hv strong support., by d way just wondering which fund mgr bot up to such a px, it has even surpass Kim Eng recommended buy/sell px of $0.37 cts.
Since it run down by everybody, including it own boss, now it up again to $0.395 cents, +045cts (12.9%) on a vol of 10.6 millions. It is going to be on the way to above 40cents liao.
On the way to below 30c!
jus waitin to see if it touch 20cts again or not.
Market sentiments is going to drive CP below 30c soon. Take care!