SoundGlobal has started the technical rebounce , the resistance now ia at 78 cents . And the very strong resistance at 91.5 cents may not reach in the short term .
Bintang ( Date: 01-Jul-2010 16:02) Posted:
SoundGlobal has almost touched the critical support , it came down to 72.5 cents . It may have to make a technical rebounce before breaking the support .
Bintang ( Date: 30-Jun-2010 07:21) Posted:
SoundGlobal touched the 200MA yesterday n still could not go up to fill the gap at 85 cents . It would come down to 72 cents if the target which indicates by the runaway is to materialize
seems like dual listing is still on. =)
SOUND GLOBAL LTD.
(Incorporated in Singapore on 7 November 2005)
(Company Registration No. 200515422C)
PROPOSED DUAL LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF
HONG KONG LIMITED
Where capitalised terms are used in this announcement and not otherwise defined, such capitalised
terms shall bear the same meanings as ascribed to them in the announcements made by Sound Global
Ltd. (the “Company”) on 7 January 2010, 12 January 2010, 5 February 2010, 11 February 2010, 16
March 2010, 24 May 2010, 4 June 2010, 7 June 2010, 12 June 2010, 17 June 2010, 25 June 2010 and
30 June 2010 (the "Announcements") and the circular to Shareholders dated 14 April 2010.
Further to the Announcements, the Company wishes to inform the Shareholders that it is still
in discussions with its professional advisers regarding its plans to seek a listing of its ordinary
shares on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK"). The
Company will announce any material updates when appropriate.
The Board wishes to highlight to Shareholders that the proposed listing on the SEHK is at an
evaluation stage and, if it proceeds, will involve fairly extensive preparatory work and may
involve an uncertain time frame. The proposed listing on the SEHK is subject to acceptable
terms being agreed upon and may also be subject to, among others, the approval of the
SEHK and other relevant regulatory authorities, and there is no assurance that such approval
would be granted or that the proposed listing may occur. Investors should note that the listing
of the Company's shares on the SEHK may or may not happen.
Shareholders and other investors are reminded to exercise caution when dealing in the
Shares. In the event that Shareholders and other investors are in doubt when dealing
in the Shares, they should consult their stockbrokers, bank managers, solicitors,
accountants or other professional advisers.
There's a good support at 73c... next strong resistance at 77c by looking at the sell queue. hopefully it pares some of their yest's losses by end of day.
Technically , it would rebound due to covering of short positions at this critical support .
freeme ( Date: 01-Jul-2010 17:01) Posted:
why do u think they will break supprot and not rebound?
Bintang ( Date: 01-Jul-2010 16:02) Posted:
SoundGlobal has almost touched the critical support , it came down to 72.5 cents . It may have to make a technical rebounce before breaking the support
why do u think they will break supprot and not rebound?
Bintang ( Date: 01-Jul-2010 16:02) Posted:
SoundGlobal has almost touched the critical support , it came down to 72.5 cents . It may have to make a technical rebounce before breaking the support .
Bintang ( Date: 30-Jun-2010 07:21) Posted:
SoundGlobal touched the 200MA yesterday n still could not go up to fill the gap at 85 cents . It would come down to 72 cents if the target which indicates by the runaway is to materialize
SoundGlobal has almost touched the critical support , it came down to 72.5 cents . It may have to make a technical rebounce before breaking the support .
Bintang ( Date: 30-Jun-2010 07:21) Posted:
SoundGlobal touched the 200MA yesterday n still could not go up to fill the gap at 85 cents . It would come down to 72 cents if the target which indicates by the runaway is to materialize .
Bintang ( Date: 28-Jun-2010 20:45) Posted:
Unfortunately , SoundGlobal gapped down at the openning today . That was a runaway gap , so we can expect it to go down to 72 cents technically
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