Archive for July 2009
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Charts Series #1
Waiting for breakdown? Possibly due to divestment of SATS. But somehow I believe shareholders’ value will be unlocked and released. Meaning.. SIA now < SIA after divestment + SATS shares distributed STI on the uptrend though extremely overbought. For me, I would just let profits run until breakdown of lower trend line. I’ve been waiting [...]
More Charts!
Hmmm.. Sihuan has pushed above the ascending triangle on a day of high volume. Then again, this counter has always been a low volume counter and the relatively higher volume might not be that high after all. SIA just hit the short term support. Will it rebound up or breakdown? Esp after the announcement of [...]
STI & SIA Charts
A sudden unexpected rally since last week. Resistance cleared but on low volume. Watch for a potential lashback.
SIA – Waiting for results?
Triangle formation with decreasing volume. Let’s wait for 31 July 09 and see the follow through of the decision of SATS divestment to shareholders.
A summary update from my FA in a recent seminar
Just for info and record here. For the benefit of those who were not with us, it was an Investment Update by our Investment Director, *******. To summarize, he presented fundamental, economic and data information, and feels that the recent market rally was driven by liquidity and sentiment. It is not supported by fundamentals which [...]
