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At this time still play shorts..
We have a player pushing up...
Today is the bottom up day ?
lowchia ( Date: 04-Sep-2010 19:25) Posted:
On Friday, RafflesEdu retest its support at $0.265 and closed at $0.265 with HIGH volume of 33.4 million shares traded.
A black candle sticks with short lower shadow demonstrates the
attempt of bears trying to sell down the stock below the important
neckline.
Both RSI & MACD are bearish as RSI remain trending downwards.
Important Resistance of RafflesEdu: $0.28
Immediate Support of RafflesEdu: $0.265
Currently prices are well below the 20/50/100/200 days MA.
Right from the beginning, we have already inform that RafflesEdu is a bearish stock forming “Lower high” and “Lower Low”
On Friday, the bears have already attempted to sell down the stock below the $0.265 neckline based on the heavy volume.
SEE ANALYSIS FOR SWIBER
If vested, do really consider to cut loss if the support at $0.265 were breached at high volume.
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On Friday, RafflesEdu retest its support at $0.265 and closed at $0.265 with HIGH volume of 33.4 million shares traded.
A black candle sticks with short lower shadow demonstrates the
attempt of bears trying to sell down the stock below the important
neckline.
Both RSI & MACD are bearish as RSI remain trending downwards.
Important Resistance of RafflesEdu: $0.28
Immediate Support of RafflesEdu: $0.265
Currently prices are well below the 20/50/100/200 days MA.
Right from the beginning, we have already inform that RafflesEdu is a bearish stock forming “Lower high” and “Lower Low”
On Friday, the bears have already attempted to sell down the stock below the $0.265 neckline based on the heavy volume.
SEE ANALYSIS FOR SWIBER
If vested, do really consider to cut loss if the support at $0.265 were breached at high volume.
is this a china stock?
Points noted. Sometimes one has to take a calculated risk with a gut feel foresight. Look at Informatics 7 weeks ago, at 4-6cent/share, low price, no upside in sigh and no light in the tunnel? Though we cannot compare Apple with Orange (both are fruits), looking at the RE price history and recent education demand and development across Asia, particularly RE expansion in this region, it needs some times to bear fruits, same for Informatics.
pharoah88 ( Date: 03-Sep-2010 22:34) Posted:
lOw prIce dOes nOt mean lOw rIsk ? ? ? ?
when there Is nO UpsIde In Sight ? ? ? ?
when there Is nO lIght In the tUnnel ? ? ? ? |
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lOw prIce dOes nOt mean lOw rIsk ? ? ? ?
when there Is nO UpsIde In Sight ? ? ? ?
when there Is nO lIght In the tUnnel ? ? ? ?
You should really kneel down and thank heaven
that you didn't buy when it was @1.40 ..
When the fundamentals were at their best.. 
alooloo ( Date: 03-Sep-2010 15:18) Posted:
i took it... just play play.. given the fact that, i feel very lucky i didn't bought it when it is 1.4... i almost want to buy it last time...
freeme ( Date: 03-Sep-2010 14:48) Posted:
| 0.265 looks cheap.. any takers? |
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If the fair value of RE would be around "$0.25-0.26", at current market closing price, it is reasonable to expect that it has more or less reach the bottom. It depends on individual appetite for risk taking, somehow I believe RE has long term upside potential given its overall business model and recent reporting, though not impressive but slowly improving.
rickyw ( Date: 29-Aug-2010 08:49) Posted:
Too bad, after calculation base on their last income statement. Fair Value would be around $0.25-0.26. Recommend not vested on it, until further progress in their financial statement. That's why whether price go up, never sustain for so long, coz BB just want to dump shit to you  |
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Raffles Edu is still weak in terms to rebound from the charts but it does actually reach the low-peak formation @0.265. If next week, buying support comes in and it can stay above 0.25 with accumulation in the process, it can actually rebound to at least 0.285 to 0.3 before we cross-check the trend again from there.
Star-Trader
this counter look like there is still room for dipping.. any take on that? i admit that i gt chicken out when i have the urge to load some lots.
short it then...
Ytrade ( Date: 03-Sep-2010 15:24) Posted:
| Charting tells me, it is down trend... |
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chart is tell me bottom out liao at this px...
wan to load but no more ammo.. so see see 1st. KIV
Ytrade ( Date: 03-Sep-2010 15:24) Posted:
| Charting tells me, it is down trend... |
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Charting tells me, it is down trend...
i took it...
just play play.. given the fact that, i feel very lucky i didn't bought it when it is 1.4... i almost want to buy it last time...
freeme ( Date: 03-Sep-2010 14:48) Posted:
| 0.265 looks cheap.. any takers? |
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0.265 looks cheap.. any takers?
I Punter....i got you. totally agree. At this moment...no one can predict what will happen to the market or to any counter.
very simple...like Genting SP...Q1 result was so bad due to big lost from UK casino...Fortunately...Q2 result is super due to tourism & sold off the UK casino to Genting Malaysia.....everything is turn to profit. In short, GOOD or BAD can change quickly.. .just keep our finger cross.
The answer is in my post below...
master_changkw ( Date: 28-Aug-2010 20:48) Posted:
key shareholders keep buying own share & RafflesEdu earned 55.82m....YTD....but how come keep sinking....?? don't understand the fundamantal... : (
alexchia01, thanks for ur comments....anyway I think the shareholders/ sgx will not allow any companies delisting below the market value...it only allow delisting at the fair value ....izzit ?
iPunter...u are experience person...wat ur opinion? |
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maybe...
pharoah88 ( Date: 29-Aug-2010 10:35) Posted:
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mOre raffles UNcOvered at Raffles EducatIon ?
flaws In Its bUsIness mOdel ?
rickyw ( Date: 29-Aug-2010 08:49) Posted:
Too bad, after calculation base on their last income statement. Fair Value would be around $0.25-0.26. Recommend not vested on it, until further progress in their financial statement. That's why whether price go up, never sustain for so long, coz BB just want to dump shit to you |
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mOre raffles UNcOvered at Raffles EducatIon ?
flaws In Its bUsIness mOdel ?
rickyw ( Date: 29-Aug-2010 08:49) Posted:
Too bad, after calculation base on their last income statement. Fair Value would be around $0.25-0.26. Recommend not vested on it, until further progress in their financial statement. That's why whether price go up, never sustain for so long, coz BB just want to dump shit to you |
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