Hock Lian Seng

Hock Lian Seng 24th Feb 2017

Hock Lian Seng had a very nice breaking out on 22nd Feb2017 and closed well at 56 cents .

On 24th Feb, it had made another high as witnessed by the Gap up of 58.5 cents and closed slightly higher at 59 cents. The volume is super high but the closing price at 59 cents wasn't that impressive.

Looks like we may expect to see a retracement happening any moment.

Short term wise, i think we have to monitor and see if this Gap Up can sustain or not.
If it went down to cover up this Gap at 56 cents then this might be a falsed Gap up and would likely to see further selling pressure to go down towards 52.5 cents and below.

( trade base on your own decision)

YZJ Shipbldg

YZJ Shipbldg - 23rd Feb 2017

YZJ Shipbldg after touching the low of 80 cents on 22nd Dec 2016, it has since managed to stage a strong recovery and head higher to touch $1.00 today( 23rd Fev 2017). Couple with high volume and closed well at 99.5 cents. This is generally quite positive.

Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely retrace and may take a short break before heading higher to re-attempt $1.00. Breaking out of $1.00 may likely heading higher to $1.05 then $1.10.

( trade base on your own decision)

Alliance Mineral

Alliance Mineral - 17th Feb 2017

Alliance Mineral has a nice Gap up on 19th Jan 2017 opening at 10.7 cents and closed well at 11.5 cents with a beautiful white thrust bar. From the chart wise , we can notice that after this 1st Gap Up , the share price has been gently rising higher to 13 cents. A 2nd Gap Up was being reflected from the chart opening at 13.6 cents and closed well at 15 cents( another beautiful white thrust bar). This is generally rather bullish.

A nice breaking out was being follow-through on 16th Feb 2017 opening at 15.3 cents and closed well at 17.3 cents. Couple with high volume , this is rather positive.

Both Macd & Rsi are still rising which may likely provide further head rooms for upwards movement.

Short term wise, I think it may move up to test 18 cents. Crossing over of 18 cents with ease that may propel to drive the share price higher towards 19 then 19.9 with extension to 20.5 and above.
(trade base on your own decision)

OCBC Bank

OCBC Bank - 16th Feb 2017
OCBC Bank after hitting the high of $9.78 on 13th Feb 2017 , it had more or less exhausted as indicated by the doji candlestick on the chart . This is generally a sign of weakness.

The next day 14th Feb it had experienced a Gap down with high volume and closed lower at $9.43. This is generally quite bearish.

Currently, it is trading side-way after this short break.
It may likely continue to go down to test $9.20. Breaking down of $9.20 with high volume that may see further selling down pressure and push the share price lower towards $9.10 then $9.00 and below.

( trade base on your own decision)

SunMoonFood

SunMoonFood - 16th Feb 2017

SunMoonFood after touching the low of 8.3 cents on 22nd Dec 2016, it had since managed to stage a strong recovery and head higher to touch 11.8 cents on 15th Feb 2016. This is rather positive.

RSI are showing sign of rising which may likely provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely move up to test 12 cents. Breaking out of 12 cents with ease + good volume that may drive the share price higher towards 14 then 15 cents.

A word of cautious when trading with ultra penny stock counter. Ensure you have the Stop-loss plan in place.

( trade base on your own decision)

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Silverlake Axis

Silverlake Axis - 10th Feb 2017

Silverlake Axis after hitting the low of 52 cents on 23rd Dec2016 , it had since managed to stage a strong rebound and head higher to touch 62 cents on 2nd Feb 2017. This is rather bullish/positive.

The current price is hovering above the SMA lines which may provide further indication that the share price may continue to trend higher.

Both Macd & Rsi are still rising which is indicate further uptrend prevail.

EPS is about 3.5 cents, PE is about 17.1 times base on current price of 60 cents. Dividend is about 2.8 cents ( yield is about 4.7%) .

Gross Profit and Eps is relatively about the same for the past 4 years with exception for the recent divestment gain of RMB$143.7m.

Short term wise, I think it may likely move up to test the recent high of 62 cents. Crossing over with ease that may propel to drive the share price higher towards 65 then 70 cents.
( trade base on your own decision)

New Silkroutes

New Silkroutes - 9th Feb 2017

New Silkroutes after touching the low of 65.5 cents on 22nd Dec 2016, it has since stage a strong recovery and head higher to touch 89 cents on 2nd Feb 2017, this is rather bullish/positive.

The current price is staying above the SMA lines which is generally quite positive /healthy and may likely see a continuation of this uptrend mode.

Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely re-attempt the recent high of 89 cents. Breaking out of 89 cents with good volume that may propel to drive the share price higher towards $1.00 then $1.05.

( Trade base on your own decision)

Auric Pacific

Aufic Pacific - 9th Feb 2017 - Another company going under the hammer for privatization. Cash offer of $1.65 per share.

Auric Pacific - 3rd Feb 2017

Auric Pacific currently trading at $1.455 is closed to the historical peak price of $1.49 in 6th Aug 2013. I think the current price has run up too much and too fast.
Likely to see a pull back from here.

Looking at the first 9th Month quarter result, eps of 5.98 cents is a big jump from last year first 9th month eps of negative (19.62) cents. The Ops cash flow has also booked quite a Big jump from the previous year of 13.32m versus 40.30m.

Nav of about $1.34.

Lets assume the whole year eps of 9.5 cents ( 5.98 + 3.52 cents), PE is about 15.31 times base on current price of $1.455.

Short term wise, I think it may likely retrace and go down to test $1.38 then $1.30.
Breaking down of $1.30 may see it goes further south towards $1.20.
( trade base on your own decision)

OCBC

OCBC - 3rd Feb 2017

OCBC current price of $9.42 is trading near the historical peak price of $9.70/$10.00.
Immediate resistance is at $9.48 .

With US uncertainty and may likely affect the world economy. Nobody can foresee what is going to happen next. Plus the O & G sector is still not so rosy especially the latest news of another company might be facing the difficulties to pay the business financing loan, bank counters may be the hardest hit.

I think Cimb has a neurtal call for Ocbc at TP $8.18.

Short term wise, I think it may likely succumb to selling pressure as US may likely to increase 3 rate rises in 2017 and another 4 rate rises in 2018. Look for a pull back from current price to $9.20 then $9.00 with further downwards to $8.80.

( trade base on your own decision)

Civmec

Civmec - 2nd Feb 2017

Civmec after touching the low of 31 cents on 6th Dec 2016, it has since managed to bounce off and head higher to touch 57 cents on 20th Dec 2016, this is rather positive.
On 17th Jan it had again managed to cross over 57 cents and closed well at 58 cents . Couple with high volume this is generally rather bullish.

The share price had continued to make new high and moved up to touch 69 cents on 1st Feb 2017. This is rather bullish/positive.

Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise,it may make an attempt to test 69 cents then 70 cents. Breaking out of 70 cents with good volume that may propel to drive the share price higher towards 74.5 cents then 78 cents with extension to 87 cents.
( trade base on your own decision)

Geo Energy

Geo Energy - 2nd Feb 2017

Geo Energy after touching the low of 21.5 cents on 5th Dec 2017 , it had since managed to stage a strong recovery and head higher to touch 28.5 cents on 2nd Feb 2017, this is rather positive.

It had a nice breaking out of 24 cents on 31st Jan 2017 and closed well at 25.5 cents couple with high volume this is generally healthy/bullish.
The current price of 27.5 cents is staying above the SMA lines which is rather positive.

Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely move up to retest 28.5 cents then 30 cents. Breaking out of 30 cents with good volume that may drive the share price higher towards 33 cents with extension to 37 cents.
( trade base on your own decision)