On short-term outlook, CIMB says “it looks as though the bulls have not given up hope yet,” after pushing prices back above 3,172 short term channel support Friday; from charts, says STI could form triangle here before another rally to test 3,215-3,221, then 3,272 resistances. “This triangle would only be valid if prices stayed above the 3,150 levels.”

Raptor22 ( Date: 25-Oct-2010 15:21) Posted:
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CBClow ( Date: 25-Oct-2010 15:18) Posted:
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Food.... Glorious Food. Wow!
Tell you what, after genting 3rd quarter results, allow me to organize a dinner gathering for all the members in this gentingSp forum.
Its time for us to have a face to face meeting yes? We can also have some spontaneous meetings over weekends after that and we can discuss stock movements or macro-economics over a nice beer or red wine.
What say you? On or not on? haha...
CBClow ( Date: 25-Oct-2010 15:00) Posted:
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:( did not buy SGX just now.... no time... sigh... :(
But bought Golden Agri and Noble last week! Hee hee!
Waiting to go in Genting SP again!
BullishTempo ( Date: 25-Oct-2010 14:30) Posted:
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i buy few lots of SGX to gamble with my views on the price actions....hahah...enough to dine good food today... coz most of my money are in genting sp....
BullishTempo ( Date: 25-Oct-2010 14:23) Posted:
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STI +0.7%; Bulls haven't given up hope - CIMB |
Tags: Aker Marine Contractors | ASX | Ezra | Genting Singapore
WRITTEN BY DOW JONES & CO, INC |
MONDAY, 25 OCTOBER 2010 14:43 |
STI +0.7% at 3196.44, likely to stay at current levels, just below psychological 3200 mark rest of session; gainers still beating decliners 1.3 to 1, 1.11 billion shares traded worth $1.34 billion. On short-term outlook, CIMB says “it looks as though the bulls have not given up hope yet,” after pushing prices back above 3,172 short term channel support Friday; from charts, says STI could form triangle here before another rally to test 3,215-3,221, then 3,272 resistances. “This triangle would only be valid if prices stayed above the 3,150 levels.” Adds, sustained drop below 3,177 channel support would likely see prices fall back to 3,082. SGX (S68.SG) down 4.6% at $9.10 on deal to buy ASX; Genting Singapore (G13.SG) +1.8% at $2.26; Ezra (5DN.SG) also among top traded, down 2.2% at $1.78 after in line FY10 results, US$250 million ($323.1 million) Aker Marine Contractors buy. |
Not to forget our dear GSP with 3rd quarter results just around the corner. This is my long term favourite bullish stock and almost at all times I will have a position on this counter.
This is a link you would want to check every night from this night onwards till early November. You never know if GSP management decides to release it a few days earlier or a few days later. It pays to be alert if you want to be a successful trader.
http://www.gentingsingapore.com/quarterly_results.htm
Now is not a good entry point, but earlier in the morning it was. Same goes for Indofood Agri.
But I will keep a close watch on these 2 counters and buy after a good sell-off. So just wait for the dip to come.
Right now RSI is high for these commodity counters, so just be patient and wait for the right entry point. Commodity plays will be here for the next few months, because of poor harvests, and therefore reduced supply and rising prices.
Keep them in your watch list.
elton81 ( Date: 25-Oct-2010 14:36) Posted:
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BullishTempo ( Date: 25-Oct-2010 14:30) Posted:
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BullishTempo ( Date: 25-Oct-2010 14:30) Posted:
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I am going to post other counter news again. Commodities will be hot in the coming weeks and months. Look out for Golden Agri, Indofood Agri, Wilmar, Olam, Noble. Especially the first two. Those who took profit early this morning from SGX and bought Golden Agri would be very smart traders.
Cheers.
BullishTempo ( Date: 25-Oct-2010 14:19) Posted:
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Why never invite me for lunch?
A trade like that is easily a few months salary, nice right? Don't worry there will be plenty of such opportunities in the stock market, but you must keep a keen eye for such news.
Forgive me for posting other counter news here, I lazy to keep going back and forth forum pages, and it also delays my posting response time when I switch back and forth forum pages.
Time is of the essence in the market, yes?
CBClow ( Date: 25-Oct-2010 14:21) Posted:
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STI +0.7% midday; but charts bearish-UOBKH |
Tags: Golden Agri | Indofood Agri Resources | SGX | UOB-KayHian | Wilmar
WRITTEN BY DOW JONES & CO, INC |
MONDAY, 25 OCTOBER 2010 14:02 |
STI +0.7% at 3195.21 midday, tracking regional rises after G-20 meeting soothed some concerns currency tensions across region could damage trade; 1.3 gainers for every decliner, 972 million shares traded worth $1.17 billion. UOB-KayHian says STI charts technically bearish; notes short-term retracement has unfolded as index dipped below 12-day moving average, MACD line slid below signal line. ‘We are on the bearish camp for the shorter term and expect the index to decline further.’ Says short-term traders should reduce exposure, await better entry levels; tips 3,042 support. SGX (S68.SG) among most active, slides 5.2% to $9.04 after announcing bid for ASX (ASX.AU), which analysts deem expensive. New listing Anchun (MF5.SG) top active, at $0.285 vs $0.28 IPO price. CPO names up: Golden Agri (E5H.SG) +3.0% at $0.68, Indofood Agri (5JS.SG) +3.5% at $2.66, Wilmar (F34.SG) +0.6% at $6.44. Index closing in on 3200, may pose N/T hurdle. |