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Epure International

As epure hit new high at 54.5 cents 2 weeks ago , it went into correction mode immediately . Look at the big picture , the high at 54.5 cents most probably is the neckline of the inverted H&S pattern , therefore when the price moves towards this line , it will pull back immediately . This movement may last for a certain period until enough momemtum to push the price up . Once the  H&S pattern is formed  , the price should move up substantially .

 

Ooo actually i'm not a Epure investor. Emm but analyst report can be used as a reference.

Do yr own study as well.

ozone2002      ( Date: 24-Jun-2009 11:13) Posted: be a leader..not a follower/herd when it comes to stock..

 

be a leader..not a follower/herd when it comes to stock..

 

Latest TP updates for Epure investor:

Epure International: Buy (DMG, June 24)
Epure is investing in a second build-operate-transfer (BOT) project in Shaanxi Province. The project is expected to have a treatment capacity of up to 30,000 tonnes of wastewater per day. The investment would cost approximately RMB46m and the concession period is 25 years. We estimate the project would commence around 2H10. As this project is not expected to impact Epure's earnings in FY09, we are maintaining our forecasts. This new project would bring the total number of BOT projects invested by Epure to six. We note that this latest project is the second BOT project secured in Shaanxi province. Similarly in Xi'an province, Epure has secured two projects so far. We remain confident that Epure's strong reputation and track record will continue to help them secure project wins in existing and new provinces. As evidenced by the RMB4t stimulus package, environmental issues remain a priority for the Chinese government in the long run. With the positive industry outlook, we are expecting continued growth in revenue from Epure's project wins. We are maintaining our estimates for revenue and earnings. Earnings is estimated to be RMB252.2m for FY09 and RMB299.8m for FY10. Applying a P/E of 10x to Epure's FY10 earnings, we derive a target price of S$0.51. We maintain our BUY rating given its strong order books of RMB800m (as at end Dec 08).

 

No volume

 

Epure has been  neglected by investors since last week , the share price was also hammered down to 43.5 cents yesterday . Interestingly , this is  Fibonacci  38.2 % retracement from 24 cents to the recent high of 54.5 cents . It is also the lowest edge of the long term of GMMA . This indicates that the minor correction may come to an end ,it may follow by a technical rebound soon .

 

Shortage of water supply in d coming future is a threat to any area in d world owing to rise of population n drying up of underground water due to excessive sucking for domestic usage.

By then, water treatment industries ought to step up their pace to meet d increasing water demand, anywhere liao..

 

General Electric expects world demand for clean water to triple by 2030 . Is this good prospect for the water industry in the region ?

 

Hi  LongSM ,  somethings held me up so  never looked at the chart for a couple of days .  In my mind , I'm  still thinking this is the initial stage of bull market , if the market is not going to hit another new low , then any pull back will be a good buying opportunity . Unless there will be another giant conglomerate to fall , I do not think this will happen again . Now alot of smart traders or investors are waiting at the sideline to snap up bargain counters , so the new low will not been seen again . But  bear in mind , buy only  sound and solid counters which will withstand stormy weather .

LongSM      ( Date: 19-Jun-2009 22:09) Posted: hi, bintang. any comments on this counter. nvr heard from this 2 days.

 

hi, bintang.

any comments on this counter. nvr heard from this 2 days.




 

 

Never mind  US  market was down , as long as the local market goes up , eveyone is happy , now  the   STI  rebounds  , all counters are improving .

TuaPekGong9413      ( Date: 17-Jun-2009 09:21) Posted: move up or move down Bintang      ( Date: 16-Jun-2009 09:12) Posted: US market will move up tonight ,  because IMF said  US economy was set to grow more stronger with a solid recovery .

 

move up or move down

Bintang      ( Date: 16-Jun-2009 09:12) Posted: US market will move up tonight ,  because IMF said  US economy was set to grow more stronger with a solid recovery .

 

Technically Epure closed yesterday above the previous low of  46.5 cents at 47.5 cents , therefore the trend is still intact . Now the trend will go sideway as the market is going into correction . there are also chances to move up to fill the gap at 50 cents .

 

US market will move up tonight ,  because IMF said  US economy was set to grow more stronger with a solid recovery .

 

Epure opens with a gap down to 48 cents  but at the same time fills the previous gap at this point , it's good for the next advancing .

 

If  there would be a gap down today ,do not panic , wait for a short while or a few days , price would rebound to fill the gap , then decide what action to be taken ,  remember the case in Mermaid , even the big gap created that also been filled .

 

Almost all the charts showed short term weakness yesterday , so place  immediate protective stop loss is necessary now . But never mind if can not escape this time , sure there would be technical  rebound for us to unload ,  remember No greed and No fear in this market . Market would not kill us , only we could kill ourselves .

 

Inditor also shows sign of trend reversal. (Just my view) 

 

Have been reading your post recently. Just read the Epure Int chart and have noted indicator is rather weak probably due to sentiment. Pse take note (Just my view) 

 

The correction for Epure is mild and the price is still well above the 10 day MA , and the correction is 61.8 % pull back from recent low 46.5 cents to the high of 54.5 cents . It is the Fibonacci Rule that is  in operation . There is one more gap to be filled at 48 cents . Those who have confidence could consider buying in at this level . Always buy when the stock price dips if u think it is a bull market now .