Rotary Engg   

Impending Breakout

aiyaaa... the reason is simple, oil price USD 145, high inflation, sub-prime, .... all this negative news create all the sell down.. not only rotary, every other counters too.... so, need not to worry la...

 

YTD order book is at a record S$640M. Management indaicted that th long=awaited Exxon mobile project has been partially awarded. Is eyeing sizeable project in the middle east. Does anyone know of any bad news recently? What coudl be the reason for the price to dop to S$0.725 yesterday? 

 

The Market environment at the moment is not benign and any rebound will encounter a 'chance-to-get-out-now-b4-it's-too-late' mentality. Fundamentally, it is still as good as ever; and I'm convinced there're more good things to come. It is good to start some 'nimble' buyings (at your own risks, of course)! Cheers!

 

 

wahahahaha......i think there is alot of knowledge to learn, and I also agree with ten4one, that there isn't really any trading secret, coz if there really is a secret, the owner would never want to share it with others coz it wld render the secret useless .....

anyway any signs of reversal for rotary ??????

 

As far as I'm concerned, there isn't any secret about Rotary  - be it Technical or Fundamental. All info that are required by laws to be 'exposed' to the Public are easily available in the Nets. Of course, when come to 'crunching' the numbers and 'digesting' the info, different views for different folks, including Analysts and Fund Managers! It is always a 'guarded' secret in the beginning for Fund Managers and some Analysts. After they've positioned their bet, the info would available to the House and later release publicly.

BTW, anything that is for sales is never a secret.....................maybe for some Folks? Cheers!

 

what secret? u more secretive than me loh. of coz u got to be secretive coz u got nothing to offer mah. 

 the reason i cant write out fully the trade secret MO is becoz it is a intellectual property of the trade secret strategy writer. I areadi mentioned based on which signal to enter this counter on 24th or 25th june.. nothing to hide for me, unlike somebody which dun even own the ebook which it "recommend" to ppl here to buy... what a piece of shit "it" is..

 

 

those who got the trade secret MO should be able to huat with this counter shorting it on 26th june signal. short with cfd

 

It has been dropping continuously for days. Reminded me of my poor YangZiJiang. My take is unless there is there is a strong signal of price reversal (big volume and price reach above 0.8), this counter is going further down.


Extracted from OCBC TA 

Looking oversold in the near-term

- Rotary Engineering broke out of the wedge pattern a few weeks back and fell below its recent S$0.81 low 2 trading sessions ago.

- The break below the support level was on the back of strong volume, suggesting the downwards momentum remains strong. - But the stochastic indicator has sunken into the oversold region. Coupled with both the stochastic and MACD indicators displaying positive divergence at this stage of the correction, we are likely to witness Rotary stage a minor near-term reversal before resuming its downtrend.

- A price reversal from current levels would take Rotary back up to face an immediate resistance at S$0.81. 2nd resistance is set at S$0.88, the lower band of the wedge pattern; it is also a consolidation and reversal level over the last 6 months, and is also in proximity to the 50 and 100- day moving averages. - Failure to rebound from around current levels could result in Rotary slipping further towards the S$0.71 support, a key reversal and consolidation level in 1994.

 

is the next support at $0.71 ?

 

a very bad sign indeed..

 

Oh.........! It have broken below 80c...

 

Waaahahahaha..........If it were a secret, it should be between 2 people or a within a group. If a 3rd person or group knows it, it is secret no more. ANyway, in trading, there is no secret - you buy, you sell according to the info prevailing at the time! Cheers!

 

Actually there's no secret at all... just common sense... hehehe... 

CashierTan always try to make seem like he has a lot of great secrets...  

 

Yup... It's quite a dicey stage now...

Just watch and act accordingly...  

 

critical point for Rotary now.. it must bounce up from 80 cents.. else, it will be a disaster..

 

sorry should be on 26/6 thursday. 

 

 Thoswewho know Trade Secret MO, some could have shorted it last friday. of coz those who short are not beginners


 

 

cashiertan Elite	Posted: 26-Jun-2008 04:30
x 0 x 0	rotary is giving a signal based on the MO Trade Secret. may have some move tomolo...

 

actually the chart pattern dun look gd. its a decending triangle. breaking the support of 0.8 will be v gd to short. it will down a lot. be extra careful if wantt to long this stock. just my opinion based on the current chart formation.

 

opppsss another superior history found here... from April 2003 low of 0.11 can cheong to 1.50 (without calculating the bonus and dividends), it is 1,263% gain.. even shiok like Jiutian and Golden agriculture back at 2003... amazing lo..

 

TA chart very beautiful, strong support point at 0.80, if it breaks, it would become ugly.. but now looks like it can hold pretty well..