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Would you like to comment on what I have analyze since i see your status is "master"?
Would welcome inputs
Pharoah88
I wish I have the crystal ball too.
I cannot confirm that but base on charts there is a possibility
A very good resistance at 3.53 has already been broken and has been staying above.
I cannot advice on the next 3 prices but looks like its going to trend within the channel (3.70)
If it is able to break the channel then a possible of hitting the previous high of 3.8 is likely and this will be a very strong resistance
*note that this is only for educational purpose
jgeneie
Is the rEvErsal cOnfirmed already?
iF rEvErsal iS cOnfirmed, please advise NEXT THREE PRiCE TARGETS?
Thanks & regards
jgeneie ( Date: 11-Mar-2010 11:26) Posted:
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Help to post the chart here for sharing. Tks.
jgeneie ( Date: 11-Mar-2010 11:26) Posted:
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I have drawn a fibo.
Well supported on 3 x occasion at Fibo 50% ($3.21) - Triple bottom reversal
the neckline is around fibo 78.6% ($3.53)
the below is the link to the chart
http://tinypic.com/r/28lyxhh/5
Note that this is only for educational purpose
Remember to highlight all the indicator based on your chart reading...
Save your chart in your local drive...
Then go to this website to upload your chart >>> http://tinypic.com/
Thanks
jgeneie ( Date: 11-Mar-2010 10:52) Posted:
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can you guide me in posting the charts?
charts will tell a thousand words
if posting chart has problem, please post just the KEY figures.
What is the BreakOut Price? Up PRiCE? or dOwn PRiCE?
Next Level Support PRiCE and Resistant PRiCE
Hi
Please post your chart again. I am vested in this counter since last year at 99 cents
jgeneie ( Date: 11-Mar-2010 10:43) Posted:
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Base on charts.
A triple bottom reversal has formed and a signal that a reversal on the way
Beijing to rein in local governments’ borrowings as credit concerns rise — China plans to nullify all guarantees local governments have provided for loans taken by their financing vehicles as concerns about creditrisks on such debt increases. The Ministry of Finance will also ban all future guarantees by local governments and legislatures in rules that may be issued as early as this month, said Mr Yan Qingmin, head of the banking regulator’s Shanghai branch. China’s local governments are raising funds through investment vehicles to circumvent regulations that prevent them from borrowing directly. A crackdown on such loans — estimated at about 11.4 trillion yuan ($2.3 trillion) at the end of 2009 — could trigger a “giganticwave” of bad debts as projects are left without funding, said Professor Victor Shih of Northwestern University in Illinois. “By striking the fear of God into lenders, regulators hope to get them to turn off the tap,” said Professor Patrick Chovanec of Tsinghua University in Beijing. “Banks have lent on the assumption that a lot of these infrastructure projects are risk-free, but many had no creditworthiness beside theguarantees.” While “many” local financing vehicles have the ability to repay, two types cause concern, central bank governor Zhou Xiaochuan said at the weekend during the National People’s Congress. One uses land as collateral while the other can’t fully repay borrowings, meaning local governments may be liable, leading to “fiscal risks”, he warned.
BEIJING
The financing vehicles of large coastal cities are well-funded as most have publicly traded subsidiaries that can raise capital from the markets and rely less on bank loans. Entities in northern and western China are of particular concern, the banking regulator’s Mr Yan said. Commercial banks have been ordered to assess the size of such lending and stop providing further credit if they find problems, he added. Industrial and Commercial Bank of China, the nation’slargest, has inspected its loans extended to local government financing vehicles in 2008 and 2009 and “so far didn’t find many big problems,” bank president Yang Kaisheng said yesterday. Bank of China’s president Li Lihui said the nation’s thirdlargest lender planned to exit projects without proper collateral and reduce new advances to local governments this year.
T h e 19 9 8 c o l l a p s e o f Guangdong International Trust and Investment Corp, which borrowed domestically and overseas on behalf of Guangdong province, left creditors including the Government of Singapore Investment Corp, Germany’s Dresdner Bank and Bank One in the US and others with US$3 billion ($4.2 billion) of unpaid bonds.
It marked the first time that Chinese authorities failed to bail out one of the nation’s state-owned trusts.
AGENCIES
pharoah88 ( Date: 10-Mar-2010 10:49) Posted:
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big up today, maybe due to government not interferring now
bt is a long overdue rise compare to capitalland
Beijing to rein in local governments’ borrowings as
credit concerns rise
BEIJING
— China plans to nullify all guarantees local governments have provided for loans taken by their financing vehicles as concerns about creditrisks on such debt increases. The Ministry of Finance will also ban all future guarantees by local governments and legislatures in rules that may be issued as early as this month, said Mr Yan Qingmin, head of the banking regulator’s Shanghai branch. China’s local governments are raising funds through investment vehicles to circumvent regulations that prevent them from borrowing directly. A crackdown on such loans — estimated at about 11.4 trillion yuan ($2.3 trillion) at the end of 2009 — could trigger a “giganticwave” of bad debts as projects are left without funding, said Professor Victor Shih of Northwestern University in Illinois. “By striking the fear of God into lenders, regulators hope to get them to turn off the tap,” said Professor Patrick Chovanec of Tsinghua University in Beijing. “Banks have lent on the assumption that a lot of these infrastructure projects are risk-free, but many had no creditworthiness beside theguarantees.” While “many” local financing vehicles have the ability to repay, two types cause concern, central bank governor Zhou Xiaochuan said at the weekend during the National People’s Congress. One uses land as collateral while the other can’t fully repay borrowings, meaning local governments may be liable, leading to “fiscal risks”, he warned. The financing vehicles of large coastal cities are well-funded as most have publicly traded subsidiaries that can raise capital from the markets and rely less on bank loans. Entities in northern and western China are of particular concern, the banking regulator’s Mr Yan said. Commercial banks have been ordered to assess the size of such lending and stop providing further credit if they find problems, he added. Industrial and Commercial Bank of China, the nation’slargest, has inspected its loans extended to local government financing vehicles in 2008 and 2009 and “so far didn’t find many big problems,” bank president Yang Kaisheng said yesterday. Bank of China’s president Li Lihui said the nation’s thirdlargest lender planned to exit projects without proper collateral and reduce new advances to local governments this year. T h e 19 9 8 c o l l a p s e o f Guangdong International Trust and Investment Corp, which borrowed domestically and overseas on behalf of Guangdong province, left creditors including the Government of Singapore Investment Corp, Germany’s Dresdner Bank and Bank One in the US and others with US$3 billion ($4.2 billion) of unpaid bonds. It marked the first time that Chinese authorities failed to bail out one of the nation’s state-owned trusts.AGENCIES
Tightening in On FiNANCiNG Only.
KepLand dOes nOt nEEd CHiNA FiNANCiNG and that becOmes an EdgE Over lOcal CHiNA develOpers.
CAPITAL MALL ASIA is alsO there iN a BiG WAY.
CHiNA prOperties must STiLL prOperly fOr its HUGE pOpulatiOn Over the NEXT dEcadE
CA PITAMALLS ASIA
— CapitaMalls Asia is expanding its presence in China with the acquisition of an integrated development in Chengdu.
$114m purchase in Chengdu
Millet Enriquez
emelita@mediacorp.com.sg
SINGAPORE
The company said yesterday that it has agreed with CapitaRetail China Development Fund II (CRCDF II) to buy the integrated development for 554.2 million yuan ($114 million).
Located near a completed metro train station in Chengdu’s Gao Xin district, the integrated project consists of retail, residential and office components.
CapitaMalls Asia estimates total development cost at 1.79 billion yuan, including land cost of 305.0 million yuan and construction and fitting-out costs.
When completed, it will have a total gross floor area of 201,813 sq m. C u r r e n t l y, t h e p r o j e c t ’ s r e t a i l component (Tianfu Mall) is in the early stages of development by CRCDF II and is targeted to open by end-2013.
The shopping mall will consist of seven storeys of retail space and a rooftop garden. Mr Liew Mun Leong, chairman of CapitaMalls Asia, said the integrated development will benefit from Chengdu’s upcoming business district, as private sector and multinational companies are expected to set up office there.
Mr Lim Beng Chee, chief executive officer of CapitaMalls Asia, also sees the deal as a win-win situation for both companies.
“Our acquisitions of Meili Mall in Chengdu and this integrated development will increase our presence and exposur in China, which we target to account for 40 per cent of the total value of our properties,” he said.
The site, which measures a total of 30,041 sq m, has a 40-year tenure which will expire in February 2048.
pharoah88 ( Date: 09-Mar-2010 11:04) Posted:
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gOOd TiME iS back fOr KEPLAND.
singapOre gOvernment statement: "nO mOre prOperty PRiCE curbing"
CHINA gOvernment statement: "CHINA prOperty PRiCES WiLL cOntinue tO RiSE."
H U A T A H