Discussion Of Other Stocks No.5 - 2006
Dear Thai stock investors / traders, welcome to No.5 (May 2006).
KH: we recommended this stock last September, now it is up over 90%. If you want to enter now, pls use tight stop. Set lpp at 5.25
GSTEEL: move lpp to 1.42
ERAWAN: kept moving up. If you like, try your luck with small position and tight stop.
ECL: in an uptrend for some time. If you'd like to enter, use tight stop. Move lpp to 0.83 or higher.
CPN: has been in an uptrend for sometime. If you like to enter, use tight stop.
posted by scrt4u @ Monday, May 01, 2006
142 Comments
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142 Comments:
reality check: from time to time i check the statements i have made in order to see how my predictions went. here are most of the statements i have made in april and results in brackets:
tpi is looking interesting again (up 8 %)
kmc: rebounded from strong horizontal support @3, could be a buy at 3.1-3.2 (fell back to 3.1 and rebounded to intraday high 3.4, but now at 3.06)
sport: now at the february 2005 peak, weekly chart looks good with strong volume, rsi now overbought, buy on weakness (did not go much higher)
ccp/q-con: my rating is that q-con is the better choice (q-con is up 7 % while ccp is down 3 %)
samtel: still in uptrend, no need to sell (up 2 %)
siam: longterm picture looks promising (up 27 %)
btc: broke 25 day avg up, tested 75 day avg and fell back to 25 day avg, should be on the next move up now. (big jump only 2 days later, still up 7 %)
atc: possibility for a triple bottom, stop at 25 (up 6 %)
it: on a longterm basis it could see 10 again, now a bit high to enter, could fall back 5-10 % during the next week (fell only 2 % but now up from 7.55 to 9.45, close to my target)
nsm-w1: better keep your claws off them, could be a mouse trap. (down 5%)
ple: above all majore avg's, volume increasing, could be the start to something (was wrong about this one, down 10 %)
loxley: was able to stay above the 25 day avg for some time, now the 75 day avg comes to aid as another support, stop=2.76 (up 6 %)
csl: might face a bit weakness shortterm but still good for longterm holding (up 15 %)
nsm: needs to take a break, i guess it will fall back to the 25 day avg this or next week, another possibility would be to test first the horizontal resistance at 0.88 before falling back (reached 0.87 and went down to 0.76 where the 25 day avg is located)
ctw: currently in an uptrend, strong resistance at 8-8.5, volume peak a couple of days ago suggests that punters offloaded, if you like the stock then keep it but raise the lpp accordingly (did not go higher than 8.15, now down due to xd)
zorro,
would like to have your opinion on TMB please.
Thanks lot
tmb: under pressure due to capital increase, if you want to buy, read recent reports about it, the 1 year chart shows an uptrend since july (or look at the weekly chart where the uptrend started august 2004), this line is a very important support or stoploss. chances are high that this line will be broken, as tmb makes lower highs since its january 2006 high. connect those highs and you get the mt-downtrend line which needs to be broken with the uptrend line still intact before investing in the stock
zorro,
thanks for taking time to give such detailed explaination.
samtel: closed at 8 for seven days in a row, now moving down, likely to test the uptrend line and 25 day avg in the area of 7.3-7.5 which should be the emergency exit
MALEE: move lpp to 6.5 or higher.
KH: move lpp to 5.30
ECL: move lpp/stop to 0.83 or higher.
ERAWAN: set stop at 5.25. Good luck.
Need tech adv for resistance SPACK, seems this one keep moving upward and also shipping stocks move preety strong tdy, any break out?thx u
Ueda
SPACK: it's in an uptrend. When a stock is in an uptrend, you can enter at any point but you have to use tight stop before you are sure you get the right entry point. Now spack broke its previous high but RSI is over 80, overbought. zorro recommended this stock when it was below 2.5.
As to shipping stocks, we already recommended TTA when it was below 18.
spack: my chart has a big spike up to 16, so it is difficult to read but i would say that there is resistance in the area of 3 and it is too late to get in
rcl: downtrend line since last september is broken, but rcl made each time a new low and the rebound stalled at the former low, up to now no reversal signs
psl: weekly chart shows a downchannel since april 2005 with resistance at 33, the last rebound coming from the area where psl had a low in may 2004, a bit dangerous to get in now
TWP: it broke out the downtrend.
TWP: it broke out the downtrend.
DTCI: broke out downtrend. Enter with a stop at 11.50 Good luck.
TFI: it's warming up. seems to going up. enter with stop at 0.19. Pls use tight stop.
Ever: warm up again. stop at 5.75. Good luck.
Malee: move lpp to 7.0 or higher.
ait: recommended by punta and eddy (sup.14-15, resist. 18-19) a couple of days ago, longterm chart offers plenty of upside
kce: rebounded from a longterm low, could be a good entry now
MINT: use 15DMA as a stop.
notaclue, SET broke out previous high. Cheer up and be patient.
Melee, move lpp to 7.6
STEC: looking interesting. enter with a stop at 8.4 Good luck.
SVOA: as expected, up 34%. move lpp to 1.28 or higher. Resistance at 1.4 ~ 1.5. Enjoy our fans.
tt&t: mentioned earlier that it could be bought with stop at 15 day avg which has been broken, seems to be in a st-downtrend now. next good support near 3
SEAFCO: since the beginning of this year this stock has been more liquididated, but never sustantially broken the support line at 3.5-3.6 This means that the big hands have shaking out the weaker players. It seems cooking for a rally. This is my "blind guess", I am often wrong. Hope helpful to seafco lovers.
SEAFCO: Take a look at its wkly chart and you can see it is forming a "bottom" at 3.5 but to be safe you must exit if this support breaks. Good luck!!!
TT&T: Take a look at its wkly chart, it looks an 'upside down head + two shoulders'. Maybe it will go up if it seems reluctant to go down.
seafco: that's what i wrote a couple of weeks ago: "slightly downsloping channel since august, volume peak end of february suggests that game is over. If you want to buy, wait for a breakout or enter at channel support (now 3.5-3.6)"
it is now to close to the downresistance at 4, i would buy at a lower price.
theco: still looking strong, but after having tripled since its low in december……??? watch out for 25 and 75 day avg which will be an important stoploss point
SHIN: move lpp to 38.5 or higher.
MALEE: move lpp to 8.7 or higher. It's up about 60% since our recommendation. Enjoy our fans.
ITV: what's happened to this stock? Big volume and big fall.
CPN: move lpp to 21.5.
GSTEEL: move lpp to 1.48
itv: negativ court rouling out after lunch
Thanks for info on ITV, zorro.
CITY: move lpp to 2.9 or higher.
SOLAR: set lpp at 10.
PRECHA: warming up! Enter with a stop at 3.16 Good luck.
AJ: Warming up.
zorro, any appeal on itv ruling expected?
tks
itv: appeal within 30 days: read more at: http://asia.news.yahoo.com/060509/3/2ka4b.html
Thanks lot for the link, zorro.
KH: this stock seems losing up-momentum, we suggest RP.
what happened to CSL?
CSL: I don't know what happened. You should exit today because it broke the up channel already.
scrt4u, your comments on sta please
notaclue, my opinions:
GSTEEL: I think there is some resistance around 1.55. If it can not break 1.54 for 3-4 days, RP.
NWR: It's been cooking for quite long. The long it cooks, the higher it will go. Be patient. Strong support is around 0.9. If this support breaks, RP or exit.
BLAND: It has started a new runup. Use 3DMA as a guide. If it breaks the 3dma, RP because there is resistance around 0.9. After it takes out resis at 0.9, it will probably go up to 1.50 and then the strong resistance is around 2.25 - 2.55
As to TPI: I can not see it is going to move up; while PTTEP seems foming a support at 125. If this 125 support breaks, you better RP or exit.
All are my "blind guesses".
Hope helpful to you.
STA: it shot up today with big volume. Resistance seems at 18-19. If you like, enter with very tight stop. After entry, if it won't go up, exit.
sta: bought already some with my gambling porte, hoping for 20 but the rsi is a bit high....let's see.
bland: after having cleared the 0.8 resistance, the target is pretty much open, if we consider 0.8 to be the neckline of a reversal in the weekly chart, next target should be 1.3
gsteel: my last comment was: "1.6 (ipo price) should be possible as it was the alltime high, then we have to see. i think it can go much higher."
nwr: might sell my lt-holdings at 1.25 or 1.4, depending on the chart, can still take some time
tpi/pttep: tpi had a volume peak, macd is turning downwards, i would not buy now. pttep might have support at the level of the previous high at 116, which would be nearly 10% more down, but oil price is already at the previous peak, so if oil is having a run again, pttep will follow. can't give you a clear opinion on this one, broker recommending a sell since quite some time, even while pttep was a lot cheaper. if it ws my money i would sell and buy a stock with more potential
dear all,
BTC's interesting again?
tks
BTC: it broke its previous high but there is resistance around 1.95.
Q-CON: looking interesting.
TYCN: seems going up. Use tight stop. Good luck.
notaclue, as for BLAND: move lpp to 0.90
JAS: started moving.
TCJ: warming up.
GEN: move lpp to 0.63
What's happening to GEN today - up 17% and huge volume? Is it worth entering now? if so, what cud we expect? Just saw SCRT4U comment on this, any further comments?
newcommer, GEN shot up alot today with good volume. It broke its channel and in an uptrend. If you like, you can enter with very tight stop. After entry if it won't go up, exit. If it goes up, move your lpp up accordingly. Good luck.
JUTHA: seems broke it's channel. If you like to try your luck, enter with small position and stop at 6.30 Good luck.
gen: the danger with gen is that it might follow into nvl's footsteps. for stocks like this a volume peak is most of the time an exit signal. my usual comment would be: buy only in case that there are confirmed news about positiv fundamental changes or if the stock is undervalued...
I like JAS more than GEN
sillyfools
jas: looking good as it moved above all the major avg's. only resistance would be a downtrend in the weekly chart combining the highs of jan 05 and jan 06, but i doubt that this line is strong.
STA: zorro, move lpp to 15.80 or higher.
May I know your tech comment for UV,TASCO & TPIPL thx
uv: moving up along the 25 day avg since february, uv dropped below it when it went xd. 75 avg was the support and the 25 avg became resistance. drawing a channel (jan&april peaks connected for upper line and nov&feb lows as support line) the trend looks still bullish for mt/lt but the failure of breaking the 25 avg gives a bearish st-picture. i would buy it near the channel support
tasco: forming a triangle since september which is bearisch but as the triangle is very long it is more a reversal ground. due to the high oil prices tasco will not attract the punters, the sideway movement coud still take some time until the oil price drops significantly. you can buy for longterm on dips or if the triangle resistance is broken. the small voume peak a couple of days ago suggests that it will take some more time for the next upswing
tpipl: bearish….there are two possibilities for a downresistance starting from august, one considering the peak in january and the other cutting off the peak (connecting all remaining peaks). at least the latter needs to be broken before considering a buy
gen: correction yesterday after mondays run that was caused by strong q1 results, p/bv = 0.72 and after last years losses the p/e would be cheap for 2006 if gen can continue the strong earnings. bought some yestarday after checking the news and reading kelives tech recommendation, let's see how it works out. any recommendation for stop and target, scrt4u? kelive suggested as stop 0.6....
star: that's what i wrote some time ago (don't remeber exactly when): "rebounded from the 25 day avg but closed slightly below now. chart has some similarities to siam & svoa, siam continued the uptrend because it remained above the 75 avg. this should be a stop for star". maybe we can continue to compare the performance of star with siam and svoa. both continued the run without much correction inbetween. today star broke the horizontal resistance of 2.25 and has still some upside to the ipo price of 3.5. a bit worrying is the weak q1 result posted 2 days ago. now at 2.7 seems to be an intraday resistance as there is high turnover for 2.7 and 2.72 (7 mil. each) as well as a rising resistance line since december. i guess it will retreat to 2.5-2.6 before the next upswing today. if you are not happy with the already achieve profit, you might enter at this range, but better exit if 2.4 is broken. take my intraday figures with care as i do not do much intraday analysis and remember not to be fooled if suddenly high bids appear, thats the point when it will start diving.
GEN: zorro, I think you should set your stop at 0.62-0.63
STAR: When a stock shot up alot, you should keep an eye on the intraday chart, use the 15 minutes average line as a guide. Now the price is already in consilidation. If you enter, set stop at 2.60. Hope helpful.
KH: move lpp to 5.5
holly cow it's really a trap for STAR & dived dramatically..i was lucky then,thx 4 reminder zorro
sillfools
i was prayin for you, sillyfools, that you would not get too greedy! did you see the additional 1 mio. bids coming at 2.74 and 2.76? then shortly afterwards came the crash, the bighands are out and leave the trash to the small guys
GEN: move lpp to 0.69 or higher.
thanks for keeping an eye on gen, invested a bit more than usual. might bail out latest if it approaches 1 (psychological resistance and former horizontal support in the weekly chart)
are you using 3 day avg or was 0.69 because of the intraday high the last two days?
zorro, no need to thank me because we are co-modesters of the cooking list. When a stock move up with a big angle, I usually use 3DMA as a guide to set the lpp.
zorro, no need to thank me because we are co-modesters of the cooking list. When a stock move up with a big angle, I usually use 3DMA as a guide to set the lpp.
set: approaching a channelsupport now at 742, from where a rebound is likely. the rsi is at a level where it rebounded several times. not a good time to sell now, only switching is advised.
bland: scrt4u advised to move lpp to 0.9. and the next day it closed below. would have been a good opportunity to lock profit and get in cheaper. bland broke the important 0.8 resistance some days ago and now it should become support, so hold on to it
pttep: now at the previous high which should be the support I have mentioned earlier
nwr: dangerous as it made a new low. i will see how it closes to decide wether to get out or hold it. looks a bit like a shakeout and if you sell now you might not get in by time the ramp starts.
for your future selling orders: if a stock breaks a support or lpp, better sell immediately the next morning and don't put it on the offerside.
notaclue, my suggestions:
GSTEEL: you may sell now or exit when support at 1.35 breaks.
PTTEP: why didn't you sell when 125 support broke? It seems there is support at 115 and 2nd support 104-105.
BLAND: I remember I gove you the llp point at around 0.87. Lock you 3% profit if channel support (0.8) breaks.
NWR: Exit because support line is broken. Re-enter when price is good again.
gsteel: maybe scrt4u has some idea about this stock, i can not make up my mind wether to switch or hold
It is a bloodbath out at SET?? Any views on these two: DTCI and ASP? pls advise.
DTCI: already broke its previous low 11.10 and now in a downtrend channel. Avoid it.
ASP: in downtrend. support is probably at 4.12
STA: move lpp to 16.5 or higher, zorro.
gen: eddy recommends in the tech. daily to play with support 0.6-0.7 and resistance 1-1.2
iec: an overpriced gambling stock, only for the experienced player, small double top at 5, the 25 day avg will cross 75 avg tomorrow upwards, 25 avg to be used as stop, bearisch divergence in the rsi, do not expect too much
new stocks: i do not like them as you can not make a tech.analysis, there are so many other stocks with good opportunities and which i am more familiar with.
thx for adv zorro!
i just did hit & run w/ small value as I did w/theco & seafco last wk
how's DE now,is it ok to enter @ current price w/ stoploss 0.5??
sillyfools
de: now testing the march low but could easily drop to the alltime intraday low of 0.47 and further. rsi at 32 which is low but not low enough for a significant rebound, p/bv at 0.33 is cheap, but first quarter losses were huge. i would prefer to buy a stock in an upswing rather to catch the st-bottom of this one.
GEN: move lpp to 0.74
gen: now at 200 day avg where i expect a bit of resistance. if can not be broken, a fall back to the 125 avg now at 0.63 is possible. volume could peak today so watch out. i have sold a part of my position as i was overexposed (60% of my total porte) because i added yesterday a bit when it was down 4-5 %
BT: looking to be in rebounce. Tight stop pls.
stockpicks for next week:
out of the 100 stocks which i check weekly i could not find much that seems to be interesting for a 10+ % gain in the short term.
here are the stocks i will keep an eye on during next week:
bland: should rebound from the 0.8 support, but get out if 0.8 is broken
btc: still above major averages and making higher highs (and now maybe a higher low?), suggest to use the 25 avg to reduce positions and 75 avg to exit if things go wrong. play with small money, rsi shows bearish divergence
nvl: fell back to the horizontal support, use tight stop (0.75) thani: possibility for a double bottom, could be a bit of slow falling knife-catching, stop 1.11, could be a buy if the down resistance line since 17.4.06 is broken
theco: watch if 75 avg acts as support or 25 avg as resistance, could be lower high/lower low scenario (bearish)
tasco: triangle since september seems to be broken, oil price continiues heading down, would be a longterm buy with stop 18.5 or 18
ktech: beautiful downtrend line since january, wait for the line to be broken which should result in a nice rally
scrt4u, your comments? anything else for next week?
mida: breakout of the 2006 downresistance could come soon (maybe today?), but somehow i do not think it will happen. buy on breakout (close >=2) with stop 1.9
asimar: made a new low, a slightly downsloping support line on the 1-year chart is still intact using intraday values but broken using the closing price. does not look good, i would prefer to see a bit of positive reaction before buying. not so sure about this one.
zorro, now our blog is officially updated monthly. That means the first day of every month, we will start two new threads: cooking list and discussion of other stocks. I will intergrate your contributions in the new threads.
notaclue, I hope you exited NWR and GSTEEL. Look at the chart, you should exit when I advised you to do so.
set broke channel support 742, two more channel supports now at 730-732 and the horizontal support at 725. if all fail……we could see 680. foreigners need to come back before I will take bigger positions, now only a bit daytrading, have 100 % cash
uv: reached the channelsupport i was talking about earlier. any takers?
ECL: move lpp to 1.02
looked scary but wl be plenty of opportunities if SET moveback to 680
just stay with save stocks at this moment and bet some around support level, i still gained on bbl-f today,in 112 out 114
gluck my friends
sillyfools
ECL: keep an eye on intraday chart, if 1.09 support breaks, RP or lock profit.
hello there,
Is there a good stocks to look at for short term.... I got some cash under the mattress.... ideas now are UOBKH,ITD and SSI,,, what you think
thanks the mouse,,, who sold NWR at0.85 and got trashed on ITV and NSM.
i suggest to play some stocks for the rebound, as the set found some horizontal support at the 725 area. the rebound will not last long (max 750) if foreigners continue to sell. usually the set does not react to horizontal lines in the long run. if oil is strong during this week, the energy sector might pull the set up while other stocks will jo-jo around. up to now oil is in a downchannel since april, let's see if it this trend continues. big intraday peak today......
itd: eddy suggests to play with sup. 6.5-6.7 and res. 7.7-8, i think if you get 10% profit out of it, take it and leave.
uobkh: a couple of % rebound likely but i would not buy it
ssi: so many negative news about the steel sector…..with a bit of luck it will touch the 25 day avg now at 1.34. not sure if it is worth to buy. maybe if it is down a couple of % and use a stop of 1.16 intraday and 1.19 closing to minimize the downside risk.
if you want you can buy gen if it reaches the 125 day avg at 0.63
one more thing: watch the sector charts of the stocks you are going to buy and use it together with the individual stock chart to make your decisions, i.e. property (itd) is now at a former high and could rebound to 120, banks are in a horizontal channel with resistance at 290, construction (ssi) broke a 2 year low and looks very bearish, will have resistance at 6000, finance (uobkh) is not very oversold and could continue the downtrend, and so on.
scrt4u, may i suggest that you add somewhere in the blog (maybe in the "please visit here"-link) that investors should visit the blog daily to check for updates on our stock recommendations because many stocks are volatile and a single trading day could reverse the outlook of the stock. furthermore everybody is encouraged to ask for our views at anytime as we can not check all stocks we recommended or commented on on a daily basis. many times i have the feeling that there are investors around who think they can buy stocks and just wait a bit of time to get some profits without the need of follow up. saw yesterday in eddys pit someone worrying about the portefolio and was still holding sattel bought at 18......must have been a year ago
set: some caution is advisable, check the downresistance since 11.5., this morning it touched the resistance and is now retreating
notaclue, I gave the lpp/stop here already. Why don't lock profit or stop loss earlier? For example, PTTEP, I gave you the support at 125, if 125 break, exit. If you sold your PTTEP on 15 May and buy back today, you can have more shares with the same amount of money.
zorro, I have intergrated your suggestion into the blog: one is on the sidebar, the other in the "please visit here first".
Done!
great! time for some day or st-trading? check out the rsi of tpipl, only for experienced traders.
sell in may and go away
http://www.bigtrends.com/document.jsp?documentid=1741
dear guys,
thanx for the advice,,,, i bought today a few HANA and DELTA stock....these are drop significantly after a long run up.
banks: approaching a rising support line since 2003, if this line gets broken the banks are in for a major correction, the cussion now left to the support is only 3 %, the support line could match the important set-triangle support line at 680.
delta: in freefall with the set, doing some knifecatching? can't see any support. better to wait for some consolidation
hana: could be the start to a longer fall, a downchannel might develop since april, 25 day avg will be resistance, sell at the next rebound
as fridays are usually updays, i would sell at the end of the day, monday could be another bloodbath……be careful out there and i wish you luck
the cat does not catch the early bird only, but the early mouse as well…..
as weekend approaches and lots of stocks have made big moves, i invite everybody to post their portefolio (or stocks you are interested in) until saturday, so that i can give some comments on sunday
the mouse thx zorro - he of the flashing blade. I don't want to get caught by the knife.... I sold Delta and Hana today. Made a handsome profit. and retire to the shrubery.
KC: looking interesting. If you try this stock, use tight stop pls.
PLE: zorro, what do you think this stock?
notaclue, my suggestion is if you carry a notebook computer wherever you go, you can access your thai stock account and trade it online. What you lose is enough to buy a small notebook computer.
Hello Zorro, BLAND good to get some now or not.... i look at the fundamentals and cannot get a read. The comments early in the posts are that it is in run up...now it fall below the .80 support you talked about before... should I wait until next week and buy or pile in now, exit the shrubery and head for mouse city.
just some quick remarks:
notaclue: for now hold on as we have a bit of rebound, i will check the stocks and set on the weekend to see if there is more upside coming or if you should sell on monday morning. now it is not the time to inject additional capital, keep it for some emergency crash or invest it in a couple of month.
kc: now at downresistance since 10.5.
ple: expect resistance at 8.25
to the mouse: bland broke 0.8, will be resistance again (=25 day avg as well), maybe the 75 avg will break it earlier
Zorro, Taking up on your offer, I wud be interested to have yr views on: KMC-W1, ITD, GOLD, BBL & MK. Tks.
POWER: seems moving up.
set: rebounded together with regional markets, foreigners still selling. the rebound came when the set dropped to the upper line of the big triangel which is seen in the 5 year chart and was broken to the upside in january this year. the overall longterm picture of the set still remains bullish as long as the support line of the triangle is intact (680).
kmc-w1: overall bearish as it made a new alltime low recently, rebound to max 0.6 possible, if you like the company it would be better to buy the mothershare (resistance 3) but the picture looks bad as well.
itd: overall bearish, lower highs and lower lows on the 1 year chart, now at a slightly falling support line since december which should be a stop if you buy for a couple % gain, if you already hold sell on a rebound
gold: at longterm horizontal support. 5 year chart shows bearish triangle, so only good for a st or mt-rebound play, set stop 6.5
bbl: the chart gives me a bit of headache, longterm looks bullish, 1 year chart shows support around 97, which should be a good buy, but then the lt-rising support (see bartons chart) would be broken (now at this support line). i would be more confident in bbl if it can regain the broken horizontal support at 107 and stay there for a couple of days, now i have a bad feeling and would rather sell than buy.
mk: made a head and shoulder with target 2.2-2.3 which has been reached. uptrend in the monthly chart still intact, good horizontal support at 2 in the weekly chart, shortterm rebound to 2.6 or 25 day avg is likely and then we have to see. rather a buy than a sell.
pttep: oil price still in a falling channel and so is pttep. if wee see 114 intraday on monday it could signal an upcoming rebound, otherwise it would be better to sell, if it closes at a new recent low (below 111). watch for the oil futures on monday, hold on pttep if they are strong up and sell if they are down.
nwr: hold for a rebound (max 0.9) and sell. a close below 0.8 should trigger a sell immediately (0.7 will be next target then).
some advice from phillip securities:
bland: Medium-term trend is good. Good support is 0.65 and resistance is 0.81.Medium-term buy/hold is still advised.Use 0.65 as a stoploss. As for short-term,Speculative buy. Resistance 0.75-0.77;support 0.71-0.70;stop 0.69.
ple: Medium-term trend is weak.Good support is 7.20 and resistance is 9.00. No medium-term buy signal exists yet. As for short-term, Speculative buy. Resistance 8.20; support 7.75-7.70;stop 7.60.
gsteel: Medium-term trend is weak. Good support is 1.18 and resistance is 1.40.No medium-term buy signal exists yet. As for short-term, Speculative buy. Resistance 1.30-1.32; support 1.26-1.25; stop 1.24.
stocks that might still be bearish but are close to/at a support and offer a small stop:
ck 10.3
cpn 18.7 and 75 day avg
loxley 2.58
mida 1.9
others:
svoa: if it opens flat or green the downtrend line since its recent peak is broken, could be a nice run if the 25 avg at 1.25 does not act as resistance
now it's time for a dip into the pool, over to you, scrt4u.
zorro, my views on your list above.
CK: looks a "petit" cooking.
CPN: still under the LT upchannel. If it can break 20, it will go back to its previous uptrend channel.
LOXLEY: although there seems some support at 2.58, it is necessary use a tight stop at 2.58.
MIDA: Use 1.90 as stoploss.
SVOA: just moved a little out of the downtrend channel. Use tight stop is better.
KTECH: looking rebouncing. stop 1.30
TPIPL: keep an eye on this stock. 14.5 is an interesting point.
Are there any particular reasons why TPIPL has fallen so much?
I don't know. zorro mentioned it a few days ago. Its RSI is 10, oversold. Maybe zorro got some info.
no info on tpipl, but making new low today, will go down further
EPCO: when will this stock run up? Keep an eye on it.
MIDA: zorro, this stock seems preparing a slow, long terma meal. My "blind guess".
epco: with p/e 11 and p/bv 1.75 not a bargain
mida is cheap, but now it seems to become cheaper, might have similar performance like emc: another steep fall before a reversal
sicco-w3: chart looks tempting, but there are only 3 month until suspension, b&s value only at 0.5. look at nch-w1, tt&t-w1, qh-w3 what can happen….
sicco-w3: If it repeat previous pattern, it is a bargin. It needs only one week to pull it up to previous high. Wait & See.
whats happening with ASL? Cant seem to read anything in it
time to take a punt or leave alone?
asl: stay far away, head and shoulder target to the area of 3
another reality check: 20 of my predictions during the first 3 weeks in may were correct while 9 went wrong. the bad ones were kce (continued downtrend), bland (no rebound from 0.8), gsteel (did not reach ipo price but came pretty close to it), jas (downresistance was stronger than i thought), set (no rebound at 742), pttep (could not hold 115), stocks to watch (nvl, btc, thani) did not rebound from their supports.
Every boat scrapes the bottom when thee tide goes out. Rising tide lifts all boats.
Thanks for your post, ole t.
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