SPC   

SPC

Giantlow...

Normally after a prolonged downtrend, a stock will not just abruptly turn around and make a neat turn and start to rise and rise.

There will always be some sort of a reversal pattern being developed while it is deciding that it is 'tired' and also bored with downtrending.

The pattern will be formed simply because many people who have lost money during its journey down from the summit would be happy to  sell to recover back some of the money they lost earlier.  And  when the price is a bit higher, they will lap up the opportunity. At the same time, many would have been buying on a regular basis. But is is not until the latter comes out in force that the reversal pattern will form.

If the buyers are still not greedy enough, the downtrend will continue. So this is what TA is all about... we need to observe when the reversal pattern is forming. Work (observation) is necessary.

 

"The report reflects that we live in a strange world where we have no winter," said Alaron's Flynn. "We live in a world where you can produce less gasoline than the week before, use more, import less and still have supplies rise."

 

singaporegal and other experts,

are there any vague signs that might point to a trend reversal?

do u think the downtrend is sustainable?

also, what do u think is the next support level after it broke my $4.10 mark.

 

see no sign of return

 

Still downtrending...

 

Folks, if you intend to accumulate or get into this stock, maybe its not the right time to do so.  Today is a witness to many trying to catch a falling knife or even being bounced by the dead cat.  All indicators are point south and no light at the end of the tunnel as yet.  Pls be patience and wait for the indicator to give the entry signal.  I myself am also wanting to buy. :)

 

OK, done 4.06.......keep fingers Xed.

 

Looks like stalemate for the past 20mins....buyers 4.06....sellers 4.08.....but more sellers than buyers.

Lets see who blinks first.

 

Hmmm. $4.10 support broken. sigh... I hope this counter drops more so that it can attract big time bargain hunters.



Need to depend on geo-political events to push  up this counter leow.

 

jackjames,



For me, I don't get emotionally attached to any counter.....even though I may hold for a long time. Like in TA, as long as the FA still look positive, I hold on to it. When FA does not look good, I jump ship.



The only item/commodity/counter I am attached to is $$$...my capital.....that is my first and only true love in this game.



Anyway, this pm, buyers seem to have reappeared......I am queued at 4.06....just for a punt. Perhaps can get it, perhaps not......

 

hee....ok...i surrender !! covered at 4.06 ! hee...phew !!

 

I trust you, but I don't want to short this counter la.. a bit risky , but now, you seem in a good shape... But, I really love this counter for long term, not sure how long more it want to go down.. 3.80?

 

hee.....waiting to cover back at $4.04 hee...i thk looks possible...it is bearish now...trust me....

 

hahah dun be over joy... later someone tu xxx....
pull your pant off =)

 

wah !! $4.04 !! u cant imagine how happi i am now...hee...

looking at it <$4 seems possible today liao.....hurray !!! hee

 

hee...4.06 !! hurray !!! paper gain if i cover now...thk i will wait abit longer :P

 

err...well i m currently holding on tight to my pant! :D

i got a feeling that will close < 4.08 today..hee...looking at the bearish signal of CRUDE OIL at european trading :P

 

u may wanna do a dance with your pants down eh. nickyng

 

ohh..thank-u !! whoever shorted to 4.08....hee....appreciate your effort...please do more :) thank-u !!!

 

hahaha. i think your pants is coming off soon. nickng