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Analyst Reports 7 – Something fishy soon?

At last my exams are over. And the first thing i am doing is putting up this market update post.

It seems that the stock markets are still gyrating up and down. Bad news and good news don’t really make sense in moving the markets anymore at times. Bulls and bears are having skirmishes and you can see that many people are on the sidelines by looking at the decreasing volume. Mostly traders at play for short slashes and cuts.

Below are the list of analyst reports since 2 week’s back. It might be nice to read some of them in retrospect of what has happened. One highlight is COSCO. With the BDI lowest in 22 years and having 2 cancellations on its order book (for starts), you can see why the stock has been hammered down. I doubt that it will go down further because of the super efficient market system we have, most of the bad news have been priced in.

I did some charting for the short-short term. It does seem very fishy with many of them forming triangular patterns and nearing MACD crossovers. Something fishy. We might see a big move soon and I suspect that STI might be the first-mover this time round. Let’s see about it.

STI

SSE

HSI

FTSE


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2 Responses to “Analyst Reports 7 – Something fishy soon?”

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  2. [...] my last post, I mentioned that there was something fishy with STI. It is confirmed yesterday after the national [...]

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