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Thank you equator2010 for your support , please correct me if I am wrong . I am more concern on the technical side of a stock , no matter how good the fundamental of a stock is , it must also go down if its technical does not do well in order to support its price ,therefore even blue chips can collapse when there are technical failure . I like to share your opinion .
Bintang, whether you are right or wrong, I want to let you know that I like your post cos your postulation is so well-supported.
Bintang ( Date: 01-Jun-2009 16:45) Posted:
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Epure has just started its bull run , as from 35 cents to 47 cents , it took 4 weeks to form the ascending triangle , today it broke new high to reach 51 cents n closed at 50 cents , it not only broke out from the ascending triangle , but also shot up rapidly to reach the uptrend channel , if again tomorrow it can power well enough to break this channel , then the final target could be 63 cents ,
Epure "s uptrend is sustainable , the ADX is rising , RSI is at over bought zone , the price is outside the Bollinger band , MACD has just shown buy signal , all the indicators are positive . Tomorrow may perform more well .
Price of Epure has just shot up n penetrated the Bollinger band with high volume , this is showing very bullish signaal already .
bought a lot already, just looking for low to buy more..
Epure 's supporting is at 47 cents ,so it is a good opportunity to buy around this level , today "s volume is more than previous days " volume ,this shows that many investors are taking up positions . The 55 cents " target is easy to reach .
55 cents target price right? still some way to go
Sell oil n gas counters when they would go up this week , n time to consider buy some of water 's counters .
Water projects are not too competitive compare to many other industry, sure make money unless the management team is not good, from results it appeared that they are not too bad. Fundenematals are good, chart is positive and only way is ........<shhhhh!>
Epure 's 1st Q profit up 32 % n balance sheet is still strong as compare to other S- chips .The International Finance Corp (IFC ) ,the commercial lending arm of the World Bank Group has a 10 % stake in Epure . Epure believes IFC has invested in it for the long term .
Epure has the momentum to move up rapidly after it breaks the ascending triangle , this triangle was started to form when the price moved from 35cents to 47.5 cents , and dragged for 4 weeks to complete . Now is the time to perform when the correction is over .
Time to collect, the curve is good, collect before the real momentum comes and before it break for the 59cents
Compare Epure to Hyflux , they are dealing with recycled water or waste water ,n are about the same business . Technically they are both in the uptrends . Hyflux may go up to $ 2.61 is a 23 % profit margin , while Epure may go up to 59 cents is a 28 % profit margin .
Epure made a new high at 47.5 cents on 11th May 09 untill now , taking three weeks to do the correction .Its chart has already formed a ascending triangle which develops when demand is growing,but continues to meet supply at a price level. Once the supply is adsorbed , price will break out of the triangle move up rapidly . Now the break out point is at 47.5 cents , once this point is cleared ,it will move rapidly to 59 cents .
With some knowledge about this industry, I know this one is one that you keep for long and see it multiply, as long as the company is managing it well and not too greedy (psst...Sino-chip bad apples) you can bet your bottom dollar it will be one to collect. DYOHW and you will see. Keep this forum posted if you have any inside info or news about this co. Thanks
Epure is Outperform now!
Epure is listed top 8 in terms of mkt capitalisation after Ynalord,Cosco,YZJ,CAO,ChianFish,People'sFood,Yi Ling Int Real Est,Epure...will attrcat more institutional interest
thomas_low ( Date: 18-May-2009 17:59) Posted:
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EPURE INT -150509-UOB KayHian EPURE INT ’L 44.5 cents | Buy UOB KayHian ups target to 60 cents from 35 cents, keeps Buy rating. Expects demand from China water treatment segment to stay firm and more than offset impact from weaker industrial segment. Adds China’s growth expected to bottom in Q1 ‘09, which may boost industrial production, up industrial water treatment demand. www.todayonline.com
Seems like a good one to load up, not for shortist, end of year 90cents. Get up slow slow but sure sure..