SoundGlobal: Golden cross.

Are we about to see the formation of a true golden cross which is the bullish crossing of the 200dMA by the 100dMA?

"A real, true golden cross — a very Japanese signal — occurs when a rising 100-day moving average crosses above a flat or rising 200-day moving average. It signals positive price action." Goola Warden, The EDGE.

The 200d MA in this case is still declining. So, the case for a true golden cross is weakened. Nonetheless, there seems to be longer term support with volume dwindling as price consolidation continues.

Although there seems to be longer term support, the 20dMA is declining and what looks like a declining triangle has formed.

Immediate support is at 58c which is where the golden cross is found. If that support should break, we could see the counter's share price declining to 52c which is where the 161.8% Fibo line approximates.

I was once upon a time a shareholder of SoundGlobal when it was still known as E-pure. Today, I am once again a shareholder as I initiated a long position at 59c.

SoundGlobal profit increased 43.1% (29 Feb 2011): Announcement here.

Tea with AK71: Learn a second language!

I remember a Caucasian lecturer from New Zealand telling me before that he wished he was bilingual. He only knew the English language and he didn't think he was totally proficient in the language either. He said he thought the Singapore government did the right thing in schooling us in two languages.


It seems that learning to speak a second langauge also makes us smarter if what I read in a magazine is to be believed.

Bilingual children performed better than monolingual children in a series of tests that assessed ability to solve complex problems. This is according to a study by Toronto's York University.

People who are more effectively bilingual also are less likely to suffer from dementia and other symptoms associated with Alzheimer's disease. This is from a study by the University of California, San Diego.

Seems that I should spend more time brushing up my Mandarin. Time to buy a copy of the Chinese language papers, perhaps.

Reference: MensHealth.com, 27 March 2012.