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Looks like its starting to embark on a downtrend
Almost back to last bottom of $2.61(closing)
Caution on this counter.... charts show some uncertainity
My calculated TP is $2.92. What is the Instituitional TP ?
Ya, Bollinger band narrowing, change of trend. So far strongly supported at 55MA. now it is still above 34 MA. FA-wise is ok with all the enbloc going on.
Elfin...
You do it like a pro !
Way to go ... :)
You do it like a pro !
Way to go ... :)
I agree with elf... the bollinger bands are tightening too... sudden change may occur soon.
note: charts indicate trend change likely soon for wing tai. likely down. advise cut if drops below its support of 2.61-63.
The 1st sign of uptrend may be negated by the news of property speculators not being able to find buyers, thus losing their deposits. At best property counters will only move sideway.
Maybe.... see what happens on Monday and tuesday.
AD & C charts are beginning to show uptrend.
I think there's some weakness in Wing Tai now. Wasn't too clear a few days ago.
Went up today... but volumes not too good. But from TA charts, still looks like its uptrending.
Hi Sporeguy,
Yah... something like that. From the AD graph, it shows that it was flat in the last 2 days. Too early to conclude that its a downtrend.
I believe there'll be some correction upwards tommorow. Just gut feel.
Yah... something like that. From the AD graph, it shows that it was flat in the last 2 days. Too early to conclude that its a downtrend.
I believe there'll be some correction upwards tommorow. Just gut feel.
Hi Sporegal, are you waiting tosee whether WT will drop for a 3rd day and consequently the AD & C charts will downtrend for the 3rd day to confirm that it is downtrend.
Hi Sporegal, what makes you think WT may still uptrend even though AD & C charts were on downtrend for the past 2 days.
May still be on uptrend .... see what happens next week.
WT is also on the 5th wave. Its 1st wave lasted 6 quarters, 3rd wave lasted 4 quarters, extrapolate that 5th wave may last 2 quarters. The 5th wave has travelled 1 quarter at end of last year. Looks like WT 5th wave will end this quarter.
Wing Tai 13 MA is 2.44 (lowest price on Fri 26/01). WT's CP is at $2.50 is above the 8% drop price of $2.47 (peak closing price is $2.68). 34MA is currently at $2.30 and may reach $2.39 in a week's time.
Uptrend still very strong