after shooting to near 65 cents and consolidate for profit taking to near 58 cents, it is chance to buy on dip at price near 57-58 cents based on technical.....good luck :)
moving out of congested $0.48-$0.52 zone after more than 6 months and uptrend is unlimited....towards $0.58 resistance for short term....strong support at $0.52....good luck :)
Ha ha , comrade jangan tension lah. GAR will not plunge in response to d IEA remarks. But just shed a bit loh.
AK opines that u only action if your cut loss or profit margin r reaching your treshold then u Decide, either unload or take smaller profit loh. But best to look at your whole bucket of stocks holding then weighing d final decision liao.
Anyway, your choice, AK wouldn't teach people whether hold or throw, not my style. Cheers.
street81 ( Date: 17-Jan-2010 18:32) Posted:
How how how?
AK_Francis ( Date: 17-Jan-2010 13:59) Posted:
Big wok!! IEA(International Energy Agency) downgraded 2010 oil demand from 1.47 bln barrels to 1.44 bln barrels per day. Though, 30k bpd less, CO future dropped 1.39 over weekends to 78 liao. Not a good sign for GAR coming Mon loh, but dun panic, lets sing beattles song "Let it be", cheers
Big wok!! IEA(International Energy Agency) downgraded 2010 oil demand from 1.47 bln barrels to 1.44 bln barrels per day. Though, 30k bpd less, CO future dropped 1.39 over weekends to 78 liao. Not a good sign for GAR coming Mon loh, but dun panic, lets sing beattles song "Let it be", cheers.
riksnake ( Date: 16-Jan-2010 10:36) Posted:
I agrees, in addition I feel GAR may bounce back it oil do move up.
DJ closing 100 under, oil was dumped as well! Monday will cause sell off in the region but this is US earning season and their long weekend. I can see good news not being taken in yet(Sometimes take a day or two). Short term profit taking in US over this long weekend is rather common, but investors have not absorb and react to the good news yet.
Watch what happens to DJ on Tuesday night when US market open before making you moves, personally I feel the overall views will be positive for next week after profit taking, watch out for heavy volume buying when the good news starts to sink in.
When momentum picks up on revenue gain from most company like the big banks during this earning report and see how commodity and oil react to have a clearer view. I'll be standing by to load on more.
Big wok!! IEA(International Energy Agency) downgraded 2010 oil demand from 1.47 bln barrels to 1.44 bln barrels per day. Though, 30k bpd less, CO future dropped 1.39 over weekends to 78 liao. Not a good sign for GAR coming Mon loh, but dun panic, lets sing beattles song "Let it be", cheers.
riksnake ( Date: 16-Jan-2010 10:36) Posted:
I agrees, in addition I feel GAR may bounce back it oil do move up.
DJ closing 100 under, oil was dumped as well! Monday will cause sell off in the region but this is US earning season and their long weekend. I can see good news not being taken in yet(Sometimes take a day or two). Short term profit taking in US over this long weekend is rather common, but investors have not absorb and react to the good news yet.
Watch what happens to DJ on Tuesday night when US market open before making you moves, personally I feel the overall views will be positive for next week after profit taking, watch out for heavy volume buying when the good news starts to sink in.
When momentum picks up on revenue gain from most company like the big banks during this earning report and see how commodity and oil react to have a clearer view. I'll be standing by to load on more.
AK_Francis ( Date: 16-Jan-2010 00:07) Posted:
Ha ha, AK like guessing game. Its more or less supply n demand issue.
8(Fri) ds mth. CO climbed to 82.25, mths high, then GAR closed at 0.605. By 11(Mon), CO future on further up trend and GAR closed at mths high of 0.645(though some done at 0.65).
12, CO declining fr high(likely market profit taking), GAR shad to 0.615. Fr then on CO loses strength all d way. Ds morning it was 79.05, now it is future 78.49.
Of course, d main palm oil export country's status(px per ton) also will affect GAR, esp Indon, as well.
If next week still see weaker CO demand, then GAR will not hv a good pull up, moreover now DJ is at red 110.8 n its future marks red of 110. Henceforth, if DJ remains red till close, then faith on GAR next Mon would be pessimistic liao. Unless CO future goes up much higher over d weekend then is another episode loh.
He he, no call for Buy In Dip, above just AK per view only. 2Y apply. Cheers.
I agrees, in addition I feel GAR may bounce back it oil do move up.
DJ closing 100 under, oil was dumped as well! Monday will cause sell off in the region but this is US earning season and their long weekend. I can see good news not being taken in yet(Sometimes take a day or two). Short term profit taking in US over this long weekend is rather common, but investors have not absorb and react to the good news yet.
Watch what happens to DJ on Tuesday night when US market open before making you moves, personally I feel the overall views will be positive for next week after profit taking, watch out for heavy volume buying when the good news starts to sink in.
When momentum picks up on revenue gain from most company like the big banks during this earning report and see how commodity and oil react to have a clearer view. I'll be standing by to load on more.
AK_Francis ( Date: 16-Jan-2010 00:07) Posted:
Ha ha, AK like guessing game. Its more or less supply n demand issue.
8(Fri) ds mth. CO climbed to 82.25, mths high, then GAR closed at 0.605. By 11(Mon), CO future on further up trend and GAR closed at mths high of 0.645(though some done at 0.65).
12, CO declining fr high(likely market profit taking), GAR shad to 0.615. Fr then on CO loses strength all d way. Ds morning it was 79.05, now it is future 78.49.
Of course, d main palm oil export country's status(px per ton) also will affect GAR, esp Indon, as well.
If next week still see weaker CO demand, then GAR will not hv a good pull up, moreover now DJ is at red 110.8 n its future marks red of 110. Henceforth, if DJ remains red till close, then faith on GAR next Mon would be pessimistic liao. Unless CO future goes up much higher over d weekend then is another episode loh.
He he, no call for Buy In Dip, above just AK per view only. 2Y apply. Cheers.
Ha ha, AK like guessing game. Its more or less supply n demand issue.
8(Fri) ds mth. CO climbed to 82.25, mths high, then GAR closed at 0.605. By 11(Mon), CO future on further up trend and GAR closed at mths high of 0.645(though some done at 0.65).
12, CO declining fr high(likely market profit taking), GAR shad to 0.615. Fr then on CO loses strength all d way. Ds morning it was 79.05, now it is future 78.49.
Of course, d main palm oil export country's status(px per ton) also will affect GAR, esp Indon, as well.
If next week still see weaker CO demand, then GAR will not hv a good pull up, moreover now DJ is at red 110.8 n its future marks red of 110. Henceforth, if DJ remains red till close, then faith on GAR next Mon would be pessimistic liao. Unless CO future goes up much higher over d weekend then is another episode loh.
He he, no call for Buy In Dip, above just AK per view only. 2Y apply. Cheers.
Also to add, the 3 banks' waves are finished. They should all continue to turn lower next week. The only ones that still have room to move are the commodities counters.
Am not a master but here's my view - Volume and price action after peak on 11Jan shows no strong distribution. Next week, price should find support at 0.57. If not the next strong support will be 0.545. But my wave count shows that GoldAgri has completed its minimum required correction wave since march 09. So? No point chasing !
street81 ( Date: 15-Jan-2010 19:54) Posted:
Can the masters here tell us what will the possible trend next week?
AK seldom buy 4D, ONCE a while when got so-called Heart Water, in Chinese wise saying. Hence, ds time rd didn't tikam. Same for Toto, only stake is 1.5m n above then I consider to place luck testing loh. Later go down lunch, may Q for d 1.5 m Toto.
Ha ha, my NRIC last 4 no r 6059, it appeared first px since I was in d late 20s. My wife last 4 no 6056 kana second px d second day. Nearly heart attack, didn't, as old days not very convenience to q for d bet.
As some sifus said, profit taking n some small correction. D diarrhoea will cease if tonite DJ dun over react to PRC move n tomorrow HSI gain some grd. Nonetheless, if PRC spokeman stand up to say something to cool down SSE n HSI lagi best.
Yah, comrade, AK ds yr by end Mar 59 liao, for Chinese age, add one to make 60 liao. I think age is catching up, must cut down beer loh. 5960, today is wed. Cheers.
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