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Thursday, September 20, 2018

Creative

We had witnessed a wide thrust bar or a white soldier appeared on the chart today. A nice breaking out of the channel. Looks rather bullish!

Today action is coupled with slightly higher volume and close 59 cents higher at $6.59. Looks rather positive.



We may want to take advantage of this thrust bar and ride on this bullish momentum.

Short term wise, I think it may likely move up to retest $7.00 then $7.50 with extension to $8.00.

Not a call to buy or sell.

Please do your own due diligence.



Also do take note that the recent positive sentiment towards the company share price could be due to the launch of their Super X-Fi product that is due to be launched in the market soon.





Creative Technology Ltd., together with its subsidiaries, designs, manufactures, and distributes digital entertainment products worldwide. It primarily provides digitized sound and video boards, computers, and related multimedia and personal digital entertainment products. The company also offers sound blasters, gaming headsets, speakers, headphones, MP3 players, Web cameras, and accessories, as well as software products. In addition, it provides multimedia solutions for personal computers and personal digital entertainment products. The company markets its products and solutions to consumers and system integrators through a distribution network, including traditional marketing channels, original equipment manufacturers, and Internet. Creative Technology Ltd. was founded in 1981 and is based in Singapore.

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