HanKore Env   

BIO-TREAT TECHNOLOGY LIMITED

I found the article on the Straits Times today about the "resignation case" very funny.

 

Already trading halt !

 

Trading halt!!! Hopefully got good news like securing contracts or something!! Keeping my fingers crossed!

 

Yes, finally i hav decided to average down my Biot today. Bought 2 lots at 68c. Whoever sold to me, thank you very much!

 

Old school of tot - sell into strength and buy on dips. Becareful guys and don't get 'trapped'. cheers!

 

hi singaporegal,

Your prediction is very accurate ! Keep up the good work, thks.

 

it is moving!

 

Hi Sporegal, do you mean the very gentle uptrending slope from 11th onwards? how do you derive signs of accumulation then? the volume only arnd 6-7 million.

 

Hi whizzer,

I make use of the Accumulation/Distribution chart. If the chart is uptrending, it shows that there is buying intrest and the stock will probably uptrend. Vice versa is true.

 

Hi Sporegal, appreciate if you can advice which signs indicates accumulation and uptrending.

 

It seems cannot tahun at 0.7, start to fall back liao !

 

If it closes above 0.7, the parabolic SAR will turn green. (TA experts here...am I rite ?)

 

So, is it a good try to go in at current level 0.71?

 

actually I think Biotreat is uptrending now. there are signs of accumulation

 

Hi,

Be careful, all may notice this counter is in top volume today. But I think major reason is profit taking as sell column is higher than bid column. You are right, maybe they have accumulate enough to sell them out ! Good day.

 

Now broking houses recommend to accumulate this baby.So, my guess is they have bought enuf of it and wait for their tp!

 

Oh dear again .......69c this should be right!

 

Derek chong, you are right it's 59c support level. Thks for pointing this out.

 

please clarify is 69c support level or 59c support level.

 

I think the worst presently is over for Biot. and the lesson of the lack of transparency of management taken home as evinced by the quick anouncement of accounting mistake by management a few days ago which fortunately did not do much damage to the bottom line. I note there are strong support at the 59c level which will in time form the bottom for the share price. Most of the genuine sellings are spent except for the shortists who are taking risky chances here. We still view the fundamentals of Biot favourably and will be taking long term positions again when there is stability.