Yongnam: Smart money is accumulating.

OBV is used to detect distribution and accumulation activities. This, in itself, might not be very useful apart from providing material for a chit chat over tea. Looking at OBV together with price movement, however, could be rewarding.

A simple technical analysis suggests that smart money is accumulating shares of Yongnam.

Look at how the OBV has been gradually rising although its share price has been forming lower highs since early October 2010. An upward sloping OBV coupled with a weakening share price suggests that smart money is accumulating. Mind you, accumulation could go on for a long time as seen in this case.

However, there is support and buying on weakness could be rewarding as we could see prices going higher in time.

I have done some FA on Yongnam and its numbers have been improving over the years. Margins have been improving while gearing has been reducing.

Yongnam has carved a niche for itself in the construction industry and concentrates its efforts mainly in the infrastructure sector which continues to see major expenditure by regional governments.

What Yongnam does has a high barrier to entry and it is also probably the biggest in the game it plays. Yongnam seems to have an advantage and consistently gaining new contracts gives this claim credibility.

Visit Yongnam's website: here.

HY Markets.

Who are HY Markets?

“HY Markets is a division of the Henyep Group, a global diversified conglomerate with business in financial services, property, education, and charity spanning 3 continents and 20 countries worldwide. The Henyep Group of companies are registered and authorized in world-leading jurisdictions including London, United Arab Emirates, and Hong Kong. This provides clients with the comfort and security of a global institution.

"HY Markets provides investors with efficient and direct access to all their trading needs. Start trading with the security of an FSA regulated company."

                                                                                                                                (Source: HY Markets website)

There are many reasons why a trader should deal with HY Markets:

Henyep Group companies are authorized and regulated by world leading financial authorities providing clients with global access to capital markets. It has the following licenses: FSA, DFSA, SFC, HKEx. Moreover, Henyep has over 30 years of gold trading experience and is a member firm of Hong Kong's Chinese Gold and Silver Exchange Society.

I would like to highlight the most important points here:

1. It is regulated by FSA in UK.

2. It has total transparency and security of the world’s financial centers.

3. Of many advantages is that HY Markets has a long history. It has been serving investing community for more than 25 years.

To read up on their history, click here: Group History.

HY Markets is also famous for its multi trading platforms:

Offering both Revolutionary Web-based Trading and desktop platforms. Each platform has its advantages, for example: Web-based trading platform (which you do not need to download) could be accessed anywhere with Internet connection.

HY Markets has a complete product offering. It can meet all the trader needs. You can trade Forex, oil/gas, metals, commodities and stocks. In addition, you can buy long and sell short all the products. It has up to 400:1 leverage.

HY Markets has Personalized Customer Support. 24/7 customers are supported by phone, email or chart. They have experienced staff and help desk in local languages. Moreover, they offer VIP services.

HY Markets offers variety of trading tools:

For examples, it offers: daily economic calendar, currency conversion, Live Reuters news, glossary of terms and charts.

HY Markets offers a demo account.

In addition, they have a section on education with video tutorials. Where a beginner can learn trading basics: an introduction to margin trading and investing (margin trading basics, order types and understanding account information).

Furthermore, they provide traders with technical analysis. You may learn to use charts and statistics to make investment decisions: chart types, indicators and patterns, trend analysis.

Also, HY Markets gives fundamental analysis. The beginner can learn the ability to forecast market movements by analyzing: economic data announcements and news, macroeconomic factors.

It is always easy to stay updated with HY Markets. They provide traders with daily market commentary. Receive daily updates on all major capital markets and stay on top of your investment decisions!

Starting an account.

HY Markets has very easy opening procedure. You can start trading just with $50 in 5 minutes and you can fund account with credit card.

HY Markets offers variety of live accounts. They have MINI Account where you can start trading from $50 and up. It has up to 200:1 leverage. and 1/50 premium contract which is good for beginners.

You can choose STANDARD Account where the starting trading amount is $750 and up. It has up to 200:1 leverage, 1/10 premium contract.

HY Markets offers PREMIUM Account as well. You can start from $2,500. It offers up to 200:1 leverage, regular contract sizes.

Spreads at HY Markets start as low as 2 pips.

Finally, HY Markets offers CUSTOMISED and Islamic accounts to meet the demanding needs of all investors. Such service includes tailor-made accounts customized to individuals' needs, personal dealers, and dedicated account executives.

Visit HY Markets today: English language homepage.

Advertorial

A movie: John Carter.

From Academy Award®–winning filmmaker Andrew Stanton comes “John Carter” — a sweeping action-adventure set on the mysterious and exotic planet of Barsoom (Mars).

“John Carter” is based on a classic novel by Edgar Rice Burroughs, whose highly imaginative adventures served as inspiration for many filmmakers, both past and present.

The film tells the story of war-weary, former military captain John Carter (Taylor Kitsch), who is inexplicably transported to Mars where he becomes reluctantly embroiled in a conflict of epic proportions amongst the inhabitants of the planet, including Tars Tarkas (Willem Dafoe) and the captivating Princess Dejah Thoris (Lynn Collins).

In a world on the brink of collapse, Carter rediscovers his humanity when he realizes that the survival of Barsoom and its people rests in his hands.

Watch the trailers at Disney Studios Singapore: here.

AK71 gets recognition from the government!

Some time back, I wrote about how I was asked to take part in Eldershield. That blog post generated many good comments, putting forth arguments for and against me taking up Eldershield.

In the end, I decided to take up Eldershield because of an appeal by LP, the blog master of "Bully the Bear". He said "...  I wish to appeal to your sense of public charity - help contribute to the pool of money so that those poor elders can insure against this risk at lower premiums." That more or less made up my mind for me.

Today, as I was going through my mail, I came across one that had the words "ON GOVERNMENT SERVICE" together with our national crest on the envelope. I experienced palpitations.

A traffic offence? I flipped the envelope and saw the return address: "NSSC, 1, Depot Road, Singapore 109681." Wah! Being called up for reservist? Or did I forget to inform MINDEF that I would be going overseas before my last trip?

I opened the envelope and this was what I saw:

Paragraph 2 is of the greatest interest to me:

"In recognition of your contribution to National Service... you are entitled to an annual deduction of $1,500 from your taxable income... "

Of course, the letter also reminded me that I am ageing.

Related post:
Tea with AK71: Eldershield.