Update for Biosensor 5 Apr 2014 - Biosensors is on a down trend mode as reflected from TA point of view. A;; 3 indicators are still pointing downwards with no sign of reversal. High chance of test 90 cents soon then perhaps revisit 86 cents.(trade base on your own decision)
Update for Biosensor 29 Mar 2014 - Biosensors is rather weak from TA point of view. All 3 indicators are pointing downwards which is rather negative. Last Friday closing price of 93.5 cents has broken down the support level at 94.5 cents. Short term it may go down to test 90 cents then 87 cents.(trade base on your decision)
Update for Biosensor 2 Mar 2014 - Biosensors had attempted to breakout $1.03 on 18 & 26 Feb but was not able to cross over successfully. It has since retreated to 97.5 cents on 28 Feb 2014. All 3 indicators are showing sign of turning downwards which is quite negative. Short term it may go down to test 94.5 cents. Breaking down of 94.5 cents with high volume may see it goes further down to 90 cents then 87 cents. Also there is no further news about being taken over or going private. Think it is better to secure your profit first . High chance of going lower .
(trade base on your own decision)
Update for Biosensor 20th Feb 2014 - Biosensors had risen up to a high of $1.03 on 18th Feb and closed well at 99.5 cents on the same day. Volume was super high which is rather positive. Yesterday closed with little prices fluctuation plus the volume is not too high is generally quite healthy. Waiting to see if it is able to continue this uptrend mode . Breaking out of $1.03 will trigger this uptrend continuation.
(trade base on your own decision) FREE PAID SURVEY
Update for Biosensor 16th Feb 2014 - Biosensors is hovering between 85 to 88 cents. Last Friday closed at 87 cents couple with slight increase of volume is rather positive. All 3 indicators MACD, RSI, & Stochastic are showing sign of pointing upwards which may support the prices to move up towards 90 cents. Company last Friday also happened to buy back 300,000 shares at 87 cents which may lend support to boost the share prices higher. NAV of 93 cents + the buying of shares by new COO & Citic vested at $1.05 indicates that Biosensors is rather undervalue.
Short term it may move up towards NAV of 93 cents . Breaking out of 93 cents with high volume that may drive the share prices to $1.00 then $1.05.
Current price of 87 cents provides a good opportunity to consider to accumulate.
(Trade base on your own decision)
Update for Biosensor 7th Feb 2014 - Biosensors is on a co so;idation pattern as indicated from TA point of view. All 3 indicators MACD, RSI, & Stochastic are showing sign of turning upwards which is quite positive. It may move up to clear 90 cents soon. Breaking out of 90 cents with high volume that may drive the share prices towards 95 cents .
(trade base on your own decision)
Update for Biosensor 27th Jan 2014 - Biosensor is having a consolidation pattern as reflected on the chart. Currently, it is hovering between 86 to 91 cents. Immediate resistance is to clear 91 cents in order to move up from this consolidation pattern.Clearing of 91 cents may move up to test 93 cents. Breaking out of 93 cents with good volume may send the prices higher to 99 cents.
(trade base on your own decision)
Update for Biosensor 10th Jan 2014 - Biosensor had indeed broke-out 89.5 cents on 10 Jan 2014 with high volume and closed well at 91.5 cents. All 3 indicators such as MACD, RSI, & Stochastic are also turning upwards. This is rather positive. Looking good to conquer 95 cents with good volume that may drive the share prices higher to 99 cents or $1.00.
(trade base on your own decision)
Update for Biosensor 8 Jan 2014 - Biosensor is holding up well above 87 cents. Today company just bought back another 200,000 shares at 87 cents.More likely will move up to cross over 89.5 cents as both Stochastic & RSI is still trending upwards.Short term TP 99 cents.
(trade base on your own decision)
Update for Biosensor 3 Jan 2014 - Biosensor is having a dead-cat bounced. Fri white candle with a small fluctuation of prices plus couple with not so high volume seems good for it to move up to test 89.5 cents then 92 cents. Breaking out of 89.5 cents with good volume will be very positive.
(trade base on your own decision)
Stock Winning Trade
Update for Biosensor 31 Dec 2013 - Today sell down is a golden opportunity to BUY. Price opened at 87 cents and kept selling down to 79.5 cents before being buy back by the company and manged to close at 83.5 cents. Today volume is super high at 24.36m. High chance that it will throw back after a drastic sell-down. Immediate reaction will be moving up to test 92 cents.If it is able to cross over 92 cents with good volume then next level will be 95 cents.
(trade base on your own decision)
Update for Biosensors 27 Dec 13 - Biosensors on 23 Dec 13 hit the high of 95 cents but did not manage to hold up well and came pouring down to 88 cents. Chartwise is looking bearish. It may go down to test 85.5 cents soon. If you are thinking to long, it will be wise to wait to see if it can bounce off from the support of 85.5 cents before entering?
(trade base on your own decision)
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Biosensors - seems to be well supported at 88.5 cents.
All three indicators such as MACD, RSI & Stochastics are showing sign of turning up.
Look for the right signal to long if it is able to breakout 93 cents with good volume then it is going up to test $1.00 soon.
(Trade base on your own decision)
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Monday, December 16, 2013
SATS
Update for SATS 13th Apr 2014 - SATS looks rather weak at this moment. All 3 indicators are pointing downwards which is rather negative. Breaking down of $3.01 may see it goes further down towards $3.00(trade base on your own decision).
Update for SATS 29th Mar 2014 - SATS is in a neutral mode from TA point of view. All 3 indicators are showing sign of turning upwards which is quite positive. Short term it may go up to test $3.09. Breaking out of $3.09 with good volume that may drive the share prices higher towards $3.20.(trade base on your own decision)
Update for SATS 18th Mar 2014 - SATS had been super bearish and went down all the way to $2.93 on 3 Mar 2014. It has since risen up to close at $3.07 on 17 Mar 2014. This is generally healthy. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.09 with good volume may see it move up towards $3.20 soon.(trade base on your own decision)
Update for SATS 20th Jan 2014 - SATS is on a consolidation pattern as indicated on the TA point of view. Both indicators such as MACD & Stochastic are showing sign of turning upwards which is quite positive. Breaking out of $3.23 with high volume may send the prices higher to $3.30 - $3.35 soon.
(trade base on your own decision)
Update for SATS 8th Jan 2014 - SATS still looking good to continue moving upwards.Today closing price of $3.22 couple with good volume is good to drive the share prices higher. All 3 indicators are turning upwards which is rather positive. Crossing over $3.25 will be very positive.
Short term TP $3.40
(trade base on your own decision)
Update for SATS 24 Dec 13 - The signal was triggered on 20 Dec and it is now resting to before moving up. Look to see if it is able to breakout $3.25 with good volume then that may send the prices higher to $3.40.
We remain Overweight Singapore’s aviation services sector. With airlines in the region poised to embark on capacity expansion in 2014, we see a higher volume of workload in store for domestic companies such as SATS(BUY, TP: SGD4.00)
Update for SATS 29th Mar 2014 - SATS is in a neutral mode from TA point of view. All 3 indicators are showing sign of turning upwards which is quite positive. Short term it may go up to test $3.09. Breaking out of $3.09 with good volume that may drive the share prices higher towards $3.20.(trade base on your own decision)
Update for SATS 18th Mar 2014 - SATS had been super bearish and went down all the way to $2.93 on 3 Mar 2014. It has since risen up to close at $3.07 on 17 Mar 2014. This is generally healthy. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.09 with good volume may see it move up towards $3.20 soon.(trade base on your own decision)
Update for SATS 20th Jan 2014 - SATS is on a consolidation pattern as indicated on the TA point of view. Both indicators such as MACD & Stochastic are showing sign of turning upwards which is quite positive. Breaking out of $3.23 with high volume may send the prices higher to $3.30 - $3.35 soon.
(trade base on your own decision)
Update for SATS 8th Jan 2014 - SATS still looking good to continue moving upwards.Today closing price of $3.22 couple with good volume is good to drive the share prices higher. All 3 indicators are turning upwards which is rather positive. Crossing over $3.25 will be very positive.
Short term TP $3.40
(trade base on your own decision)
Update for SATS 24 Dec 13 - The signal was triggered on 20 Dec and it is now resting to before moving up. Look to see if it is able to breakout $3.25 with good volume then that may send the prices higher to $3.40.
We remain Overweight Singapore’s aviation services sector. With airlines in the region poised to embark on capacity expansion in 2014, we see a higher volume of workload in store for domestic companies such as SATS(BUY, TP: SGD4.00)
Expect the market to focus on 3 key issues: 1)Impact of rising interest rates, 2) Ability to raise DPS and 3)Key events for individual stocks.
SATS is our top pick for 2014 lifted by a combination of positive events in the year,
compelling valuations and attractive dividend yields of 5.1-5.8% over the next three years.
(quote from Maybank Kim Eng)
Both MACD & RSI is showing sign of reversal. If is it able to cross over $3.17 with good volume that will signal a confirmation of the reversal pattern.
Saturday, December 14, 2013
DBS Bank
Update for DBS 23 Mar 2014 - DBS seems to have bounced off from the low of $15.63 on 21st Mar 2014 and closed well at $15.83. Volume is rather high which is generally healthy for supporting the stock prices of heading higher. Crossing over of $16.00 with good volume that may reverse this downtrend. All 3 indicators are showing sign of turning upwards which is rather positive. Short term it may move up to test $16.00 then $16.30.(trade base on your own decision)
Update for DBS 1 Mar 2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)
Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)
Update for DBS 06 Feb 2014 - DBS is super bearish from TA point of view. After gap-down from $17.30 and had been drifting lower each day to close at $16.17 on 5 Feb 2014. All 3 indicators are still pointing downwards which is rather negative. Short term may continue to go down to test $16.00 then $15.80.
Yesterday selling was couple with high volume may see some accumulation here. It may likely do a throw-back/bounce off from here before heading down again.
(trade base on your own decision)
Update for DBS 10 Jan 2014 - DBS has a good run-up after crossing over $17.20 on 8 Jan and manage to hit the high of $17.49. Yesterday closing price of $17.37 with low volume seems a good sign for the stock prices to continue trending upwards. Meantime, may pause or retreat a little before setting the next direction. Breaking out of $17.50 will be very positive to take the prices higher to $17.90.
(trade base on your own decision)
Update for DBS 30 dec 2013 - DBS breakout from $16.70 on 19 Dec 2013 and it has nicely moved up to a high of $17.11 and closed $17.00 on 30 Dec 13. This is rather positive. All 3 indicators such as MACD, RSI & Stochastic are still on uptrend mode. More likely to clear $17.20 and move up to $17.40. Short term TP $17.50.
(trade base on your own decision)
DBS is our top sector pick.
Update for DBS 1 Mar 2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)
Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)
Update for DBS 06 Feb 2014 - DBS is super bearish from TA point of view. After gap-down from $17.30 and had been drifting lower each day to close at $16.17 on 5 Feb 2014. All 3 indicators are still pointing downwards which is rather negative. Short term may continue to go down to test $16.00 then $15.80.
Yesterday selling was couple with high volume may see some accumulation here. It may likely do a throw-back/bounce off from here before heading down again.
(trade base on your own decision)
Update for DBS 10 Jan 2014 - DBS has a good run-up after crossing over $17.20 on 8 Jan and manage to hit the high of $17.49. Yesterday closing price of $17.37 with low volume seems a good sign for the stock prices to continue trending upwards. Meantime, may pause or retreat a little before setting the next direction. Breaking out of $17.50 will be very positive to take the prices higher to $17.90.
(trade base on your own decision)
Update for DBS 30 dec 2013 - DBS breakout from $16.70 on 19 Dec 2013 and it has nicely moved up to a high of $17.11 and closed $17.00 on 30 Dec 13. This is rather positive. All 3 indicators such as MACD, RSI & Stochastic are still on uptrend mode. More likely to clear $17.20 and move up to $17.40. Short term TP $17.50.
(trade base on your own decision)
DBS is our top sector pick.
Of the three Singapore banks under our coverage, we believe DBS is best positioned
to take advantage of arising interest rate environment, given its liquid balance sheet
and strong deposit franchise with cheap funds.
to take advantage of arising interest rate environment, given its liquid balance sheet
and strong deposit franchise with cheap funds.
We have a TP of SGD19.70 for DBS. quote from Maybank Kim Eng
Thursday, December 12, 2013
SingTel
Update for Singapore Telecom 16 Apr 2014 - SingTel is on a uptrend mode as reflected from TA point of view. Yesterday breaking out of $3.68 with quite good volume plus closed well at $3.70 this is generally positive. All 3 indicators are pointing upwards which may support the share prices from heading higher. Short term more likely to move up towards $3.78.(trade base on your on decision)
Update for Singapore Telecom 16 Mar 2014 - SingTel is rather bearish from TA point of view. All 3 indicators are trending downwards which is rather negative. On 14 Mar 2014 it had futher gap down from $3.55 and closed lower at $3.52 couple with quite high volume is rather bearish. Short term it may continue to trade lower towards $3.42. Think it will be good to consider to accumulate between $3.42 to $3.43.(trade base on your own decision)
Update for Singapore Telecom 2 Mar 2014 - SingTel had indeed went up to test $3.58 on 14 Feb and closed well at $3.59 on the same day. It has since risen up to $3.66 on 27 Feb. Last Friday experienced a gap down to $3.60 couple with high volume is quite bearish. Short term is better to wait for the dust to settle down first. Think it is still good to consider to accumulate from $3.45 and below. ( trade base on your own decision)
Update for Singapore Telecom 16th Feb 2014 - SingTel has again tested $3.42on 5 Feb 2014 and bounced off to close higher at $3.52 yesterday (11th Feb). Same scenario had been repeated 3 times(History always repeat itself. Can consider to accumulate at $3.42). All 3 indicators such as MACD,RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.58 may see it rises towards $3.68 then $3.90.
(trade base on your own decision)
Update for Singapore Telecom 17th Jan 2014 - SingTel seems to have bounced off from the low of $3.48 on 17 Jan and managed to closed at $3.52. Immediate observation is to wait and see if it is able to cross over $3.58 with good volume in order to reverse this downtrend and goes up.
(Trade base on your own decision)
Singapore Telecom - from the chartwise point of view, seems to be oversold . This oversold position is also being indicated on Stochastic indicator. RSI seems to show sign of turning up to cross over 30% mark. I think good opportunity present to pick up at $3.45 to $3.50. TP $3.75 - $3.80.
(Trade base on your own decision)
Update for Singapore Telecom 16 Mar 2014 - SingTel is rather bearish from TA point of view. All 3 indicators are trending downwards which is rather negative. On 14 Mar 2014 it had futher gap down from $3.55 and closed lower at $3.52 couple with quite high volume is rather bearish. Short term it may continue to trade lower towards $3.42. Think it will be good to consider to accumulate between $3.42 to $3.43.(trade base on your own decision)
Update for Singapore Telecom 2 Mar 2014 - SingTel had indeed went up to test $3.58 on 14 Feb and closed well at $3.59 on the same day. It has since risen up to $3.66 on 27 Feb. Last Friday experienced a gap down to $3.60 couple with high volume is quite bearish. Short term is better to wait for the dust to settle down first. Think it is still good to consider to accumulate from $3.45 and below. ( trade base on your own decision)
Update for Singapore Telecom 16th Feb 2014 - SingTel has again tested $3.42on 5 Feb 2014 and bounced off to close higher at $3.52 yesterday (11th Feb). Same scenario had been repeated 3 times(History always repeat itself. Can consider to accumulate at $3.42). All 3 indicators such as MACD,RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.58 may see it rises towards $3.68 then $3.90.
(trade base on your own decision)
Update for Singapore Telecom 17th Jan 2014 - SingTel seems to have bounced off from the low of $3.48 on 17 Jan and managed to closed at $3.52. Immediate observation is to wait and see if it is able to cross over $3.58 with good volume in order to reverse this downtrend and goes up.
(Trade base on your own decision)
Singapore Telecom - from the chartwise point of view, seems to be oversold . This oversold position is also being indicated on Stochastic indicator. RSI seems to show sign of turning up to cross over 30% mark. I think good opportunity present to pick up at $3.45 to $3.50. TP $3.75 - $3.80.
(Trade base on your own decision)
Monday, December 9, 2013
OCBC
Update for OCBC 12 Apr 2014- OCBC had indeed broken out of $9.50 on 26 Mar and closed well at $9.56 on the same day. This is rather bullish. It has since continued to rise up to touch $9.77 on 9 April. Current price of $9.62 as of last Fri 11 April seems to be holding up well. Short term it may continue to rise higher towards $9.77. Breaking out of $9.77 with good volume that may help to drive the share prices higher towards $10.00 .(trade base on your own decision)
Update for OCBC 23 Mar 2014- OCBC has indeed went down to touch $9.20 on 20th Mar and had since managed to bounce off higher to close at $9.33 on 21st Mar 2014. Volume is generally picking up which is rather positive. All 3 indicators are showing sign of turning upwards which is quite supportive of helping the share prices of heading higher. Breaking out of $9.50 with good volume that may drive the share prices higher towards $9.70 then $9.77.(trade base on your own decision)
Update for OCBC 18 Mar 2014- OCBC has indeed went down to touch $9.30 on 17th Mar 2014 but was able to close higher at $9.35. It is still rather bearish. It will need to move up and cross over $9.55 in order to reverse this downtrend and head higher. If not,Breaking down of $9.30 may see it goes further down towards $9.05 soon.(trade base on your own decision)
Update for OCBC 1 Mar 2014- OCBC seems rather weak after hitting the high of $9.79 on 24 Feb 2014 and had been drifting lower to close at $9.56 on 28 Feb .
Both Stochastic & RSI are showing sign of turning downwards which is rather negative. Breaking down of $9.49 may see it goes further down to $9.30 soon.
(trade base on your own decision)
Update for OCBC 22 Feb 2014- OCBC has indeed managed to cross over $9.46 and move up towards $9.65 on 21st Feb 2014. This is rather positive. All 3 indicators are turning upwards which may help to further support the share prices form trending higher towards $9.80. Breaking out of $9.80 with good volume that may help to drive the share prices higher towards $10.00.(trade base on your own decision) FREE PAID SURVEY
Update for OCBC 7 Feb 2014- OCBC seems to have bounced off from the low of $9.05 and close up well at $9.26 yesterday (6 Feb 2014). All 3 indicators are showing sign of turning upwards which is rather positive. Short term more likely to move up to $9.46. Breaking out of $9.46 with good volume that may drive the share prices higher towards $9.70.
(trade base on your own decision)
Update for OCBC 23 Jan 2014 - OCBC is very bearish from TA point of view. It had continued to trend lower after hitting the high of $10.27 on 2 Jan 2014 and closed at $9.57 on 23 Jan. After broken down the major support at $9.80 it has drifted lower to $9.57 which is rather negative. Short term it may continue to go down to $9.40. Breakind down of $9.40 with high volume that may see it goes further down to $9.00.
(trade base on your own decision)
Latest Update for OCBC 27 Dec 13 - Indeed it has broken out of $10.12 price level and it is now reversing the down trend and it is holding up well at $10.18 .All 3 indicators such as Macd, Rsi and Stochastic are turning upwards which is positive. Look to see if it is able to breakout $10.22 with good volume in order for it to move up to $10.35 then $10.50.
(trade base on your own decision)
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Update for OCBC 20 Dec 13 - OCBC seems to be holding up well at $9.80 and it is slowly moving upwards. If it is able to breakout $10.12 with good volume then that may be positive for the price to go higher.
Oversea-Chinese Banking Corp (OCBC) from a chartwise point of view looks very bearish.
The stock price recently broke below a "rising wedge" pattern + most indicators such as RSI, MACD are still on a downtrend mode. Stochastic is showing sign of oversold. If $9.80 unable to hold, expect to see it goes further down to $9.50 in time to come.
(Trade base on your own decision)
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Update for OCBC 23 Mar 2014- OCBC has indeed went down to touch $9.20 on 20th Mar and had since managed to bounce off higher to close at $9.33 on 21st Mar 2014. Volume is generally picking up which is rather positive. All 3 indicators are showing sign of turning upwards which is quite supportive of helping the share prices of heading higher. Breaking out of $9.50 with good volume that may drive the share prices higher towards $9.70 then $9.77.(trade base on your own decision)
Update for OCBC 18 Mar 2014- OCBC has indeed went down to touch $9.30 on 17th Mar 2014 but was able to close higher at $9.35. It is still rather bearish. It will need to move up and cross over $9.55 in order to reverse this downtrend and head higher. If not,Breaking down of $9.30 may see it goes further down towards $9.05 soon.(trade base on your own decision)
Update for OCBC 1 Mar 2014- OCBC seems rather weak after hitting the high of $9.79 on 24 Feb 2014 and had been drifting lower to close at $9.56 on 28 Feb .
Both Stochastic & RSI are showing sign of turning downwards which is rather negative. Breaking down of $9.49 may see it goes further down to $9.30 soon.
(trade base on your own decision)
Update for OCBC 22 Feb 2014- OCBC has indeed managed to cross over $9.46 and move up towards $9.65 on 21st Feb 2014. This is rather positive. All 3 indicators are turning upwards which may help to further support the share prices form trending higher towards $9.80. Breaking out of $9.80 with good volume that may help to drive the share prices higher towards $10.00.(trade base on your own decision) FREE PAID SURVEY
Update for OCBC 7 Feb 2014- OCBC seems to have bounced off from the low of $9.05 and close up well at $9.26 yesterday (6 Feb 2014). All 3 indicators are showing sign of turning upwards which is rather positive. Short term more likely to move up to $9.46. Breaking out of $9.46 with good volume that may drive the share prices higher towards $9.70.
(trade base on your own decision)
Update for OCBC 23 Jan 2014 - OCBC is very bearish from TA point of view. It had continued to trend lower after hitting the high of $10.27 on 2 Jan 2014 and closed at $9.57 on 23 Jan. After broken down the major support at $9.80 it has drifted lower to $9.57 which is rather negative. Short term it may continue to go down to $9.40. Breakind down of $9.40 with high volume that may see it goes further down to $9.00.
(trade base on your own decision)
Latest Update for OCBC 27 Dec 13 - Indeed it has broken out of $10.12 price level and it is now reversing the down trend and it is holding up well at $10.18 .All 3 indicators such as Macd, Rsi and Stochastic are turning upwards which is positive. Look to see if it is able to breakout $10.22 with good volume in order for it to move up to $10.35 then $10.50.
(trade base on your own decision)
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Update for OCBC 20 Dec 13 - OCBC seems to be holding up well at $9.80 and it is slowly moving upwards. If it is able to breakout $10.12 with good volume then that may be positive for the price to go higher.
Oversea-Chinese Banking Corp (OCBC) from a chartwise point of view looks very bearish.
The stock price recently broke below a "rising wedge" pattern + most indicators such as RSI, MACD are still on a downtrend mode. Stochastic is showing sign of oversold. If $9.80 unable to hold, expect to see it goes further down to $9.50 in time to come.
(Trade base on your own decision)
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Friday, December 6, 2013
Midas
Update for Midas 19 Apr 2014 - Midas is holding up well at 47 cents. It seems like a Bull Flag has been form from TA point of view. Breaking out of 48 cents with good volume that may propel to drive the share prices higher towards 50 cents then 52.5 cents .(trade base on your own decision)
Update for Midas 5 Apr 2014 - Midas has indeed went up to test 47.5 cents on 4th April. This is rather on track to move up higher. On 3rd April 2014 it has managed to breakout 45 cents with high volume of 16.76m this is rather impressive. Subsequently, it has again traded higher to close 46.5 cents on 4th April with super impressive volume of 20.38m. This is rather bullish. It indicates buying with prices heading higher. All 3 indicators such as MACD,RSI & stochastic are trending upwards which is rather positive. Short term more likely to test 50 cents then 52.5 cents.(trade base on your own decision)
Update for Midas 29 Mar 2014 - Midas seems to be in oversold position and under value as it NAV is about 50 cents. All 3 indicators are showing sign of pointing upwards which is rather positive. Short term it may go up to test 45 cents then 47.5 cents. ( trade base on your own decision)
Update for Midas 2 Mar 2014 - Midas is on a consolidation pattern as indicated from TA point of view. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Last Friday FY 2014 result beat consensus expectation with very good profit. High chance of breaking out of 47.5 cents with good volume and propel to drive the share prices higher towards 50 cents soon. TP 60 cents.
(trade base on your own decision)
Update for Midas 18th Jan 2014 - Midas is still very weak and it needs to move up and cross over 50 cents with high volume in order to reverse this down trend. I think is good to consider to accumulate below 50 cents. Generally Midas has been showing good consistence in winning new contracts and further winning of new contracts for High Speed Train will certainly drive the prices higher to 60 cents and above.
Long term TP 65 cents.
(trade base on your own decision)
Update for Midas 16th Jan 2014 - Midas looks bearish after hitting high of 52.5 cents and went down all the way to 48 cents today and closed at 48.5 cents. All 3 indicators are also turning downwards. This is quite negative. Stochastic looks oversold and hopefully it can bounce up from here. If not, breaking down of 48 cents will see it goes down to 46 cents.
(trade base on your own decision)
Update for Midas 8th Jan 2014 - Midas hit the high of 52.5 cents on 7th Jan 2014 when the company announced it has just secured another new contract, Today closing price of 51 cents + low volume may be good for the share prices to take a pause. Getting ready to conquer 52.5 cents soon. Breaking out of 52.5 cents with high volume that may drive the share prices higher to 56 cents.
Update for Midas 31 Dec 2013 - Midas is hovering between 50.5 cents to 52 cents. The company needs to win more contracts in order for the stock prices to go higher.Without the catalyst of new contract wins, it is rather difficult for it to move up unless it is able to breakout 52 cents with good volume .Short term TP 56 cents
(Trade base on your own decision)
Update for Midas 22 Dec 13 -
The International Railway Journal has reported that China Railways Corporation has just awarded new contracts for 258 new high speed trains worth US$7.3bn to China Northern Rolling Stock Company (CNR) and China Southern Rolling Stock Company (CSR).
The contract is divided into two Lots - Lot 1 comprising 78 250km/h trains was awarded to CSR Sifang in 8 batches. Lot 2 comprises 180 350km/h trains to CNR Chang Chun (27 trains), CSR Sifang (83 trains) and CNR Tangshan (70 trains).
Midas was awarded its first high speed rail contract worth RMB167.5mn from CNR Chang Chun and CNR Tangshan.High chance that this high speed new contracts may be awarded to Midas in time to come. No change to my TA view.Wait for confirmation sign of a breakout of 51 cents with good vol may see it rises further to 56 cents.
(Trade base on your own decision)
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Midas - The pent up rail projects has already seen some evidence in Midas securing more than RMB4.6bn in gross contracts and RMB2.01bn in net contracts in 2013 alone. Midas itself announced two contracts in October 2013 while NPRT announced one contract.Currently Midas share price is well supported by its NAV of RMB 2.42 or about S$0.50.Wait for confirmation sign of a breakout of 51 cents with good vol may see it rises further to 56 cents. Longer term view with more new high speed rail contracts win may see it rises to 60 cents.
(Trade base on your own decision)
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Update for Midas 5 Apr 2014 - Midas has indeed went up to test 47.5 cents on 4th April. This is rather on track to move up higher. On 3rd April 2014 it has managed to breakout 45 cents with high volume of 16.76m this is rather impressive. Subsequently, it has again traded higher to close 46.5 cents on 4th April with super impressive volume of 20.38m. This is rather bullish. It indicates buying with prices heading higher. All 3 indicators such as MACD,RSI & stochastic are trending upwards which is rather positive. Short term more likely to test 50 cents then 52.5 cents.(trade base on your own decision)
Update for Midas 29 Mar 2014 - Midas seems to be in oversold position and under value as it NAV is about 50 cents. All 3 indicators are showing sign of pointing upwards which is rather positive. Short term it may go up to test 45 cents then 47.5 cents. ( trade base on your own decision)
Update for Midas 2 Mar 2014 - Midas is on a consolidation pattern as indicated from TA point of view. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Last Friday FY 2014 result beat consensus expectation with very good profit. High chance of breaking out of 47.5 cents with good volume and propel to drive the share prices higher towards 50 cents soon. TP 60 cents.
(trade base on your own decision)
Update for Midas 18th Jan 2014 - Midas is still very weak and it needs to move up and cross over 50 cents with high volume in order to reverse this down trend. I think is good to consider to accumulate below 50 cents. Generally Midas has been showing good consistence in winning new contracts and further winning of new contracts for High Speed Train will certainly drive the prices higher to 60 cents and above.
Long term TP 65 cents.
(trade base on your own decision)
Update for Midas 16th Jan 2014 - Midas looks bearish after hitting high of 52.5 cents and went down all the way to 48 cents today and closed at 48.5 cents. All 3 indicators are also turning downwards. This is quite negative. Stochastic looks oversold and hopefully it can bounce up from here. If not, breaking down of 48 cents will see it goes down to 46 cents.
(trade base on your own decision)
Update for Midas 8th Jan 2014 - Midas hit the high of 52.5 cents on 7th Jan 2014 when the company announced it has just secured another new contract, Today closing price of 51 cents + low volume may be good for the share prices to take a pause. Getting ready to conquer 52.5 cents soon. Breaking out of 52.5 cents with high volume that may drive the share prices higher to 56 cents.
Update for Midas 31 Dec 2013 - Midas is hovering between 50.5 cents to 52 cents. The company needs to win more contracts in order for the stock prices to go higher.Without the catalyst of new contract wins, it is rather difficult for it to move up unless it is able to breakout 52 cents with good volume .Short term TP 56 cents
(Trade base on your own decision)
Update for Midas 22 Dec 13 -
The International Railway Journal has reported that China Railways Corporation has just awarded new contracts for 258 new high speed trains worth US$7.3bn to China Northern Rolling Stock Company (CNR) and China Southern Rolling Stock Company (CSR).
The contract is divided into two Lots - Lot 1 comprising 78 250km/h trains was awarded to CSR Sifang in 8 batches. Lot 2 comprises 180 350km/h trains to CNR Chang Chun (27 trains), CSR Sifang (83 trains) and CNR Tangshan (70 trains).
Midas was awarded its first high speed rail contract worth RMB167.5mn from CNR Chang Chun and CNR Tangshan.High chance that this high speed new contracts may be awarded to Midas in time to come. No change to my TA view.Wait for confirmation sign of a breakout of 51 cents with good vol may see it rises further to 56 cents.
(Trade base on your own decision)
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Midas - The pent up rail projects has already seen some evidence in Midas securing more than RMB4.6bn in gross contracts and RMB2.01bn in net contracts in 2013 alone. Midas itself announced two contracts in October 2013 while NPRT announced one contract.Currently Midas share price is well supported by its NAV of RMB 2.42 or about S$0.50.Wait for confirmation sign of a breakout of 51 cents with good vol may see it rises further to 56 cents. Longer term view with more new high speed rail contracts win may see it rises to 60 cents.
(Trade base on your own decision)
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