Cool! I must try to catch this one:
PRIVACY POLICY
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
Archives
Pageviews since Dec'09
Recent Comments
ASSI's Guest bloggers
- boon sun (1)
- Elsie (1)
- Elvin H. Liang (1)
- ENZA (3)
- EY (7)
- FunShine (5)
- Invest Apprentice (2)
- Jean (1)
- JK (2)
- Kai Xiang (1)
- Kenji FX (2)
- Klein (2)
- LS (2)
- Matt (3)
- Matthew Seah (18)
- Mike (6)
- Ms. Y (2)
- Raymond Ng (1)
- Ryan (1)
- Serejouir (1)
- skipper (1)
- Solace (13)
- Song StoneCold (2)
- STE (9)
- TheMinimalist (4)
- Vic (1)
Resources & Blogs.
- 5WAVES
- AlpacaInvestments
- Bf Gf Money Blog
- Bully the Bear
- Cheaponana
- Clueless Punter
- Consumer Alerts
- Dividend simpleton
- Financial Freedom
- Forever Financial Freedom
- GH Chua Investments
- Help your own money.
- Ideas on investing in SG.
- Invest Properly Leh
- Investment Moats
- Investopedia
- JK Fund
- MoneySense (MAS)
- Next Insight
- Oddball teen's mind.
- Propwise.sg - Property
- Scg8866t Stockinvesting
- SG Man of Leisure
- SG Young Investment
- Sillyinvestor.
- SimplyJesMe
- Singapore Exchange
- Singapore IPOs
- STE's Investing Journey
- STI - Stocks Info
- T.U.B. Investing
- The Sleepy Devil
- The Tale of Azrael
- TheFinance
- Turtle Investor
- UOB Gold & Silver
- Wealth Buch
- Wealth Journey
- What's behind the numbers?
A movie: "The Sorcerer's Apprentice"
Friday, July 9, 2010Posted by AK71 at 12:42 AM 0 comments
Labels:
apprentice,
movie,
sorcerer
Charts in brief: 8 Jul 10.
Thursday, July 8, 2010
CapitaMalls Asia: Is this counter just rebounding from oversold levels or is this the beginning of an uptrend? The recent low of 6 Jul at $2.02 helped to establish the third fan line. This is a gentler uptrend compared to the earlier two fan lines. All three fan lines originate from the same low of $1.91 achieved on 7 May. Distribution reached a peak on 2 Jul as volume expanded on two consecutive black candle days. The lower volume on the two black candle days compared to higher volume on up days after that suggests that we have reached a floor and price is turning up. Volume expanded today as price moved higher to close at $2.07. Forming a doji, however, suggests that the buying lacks conviction. Immediate resistance at $2.10 and if momentum stays positive, we might see $2.13 tested too.
Thursday, 08 July 2010
Golden Agriculture: Negative divergence between price and volume is quite obvious to me. Today's white candle has closed above the downtrend resistance. However, this was achieved on much lower volume. Is this sustainable? Theoretically, no. Next resistance at 55c. CPO continues its downtrend and is at RM2,290 today. The double top achieved earlier this year at about RM2,700 could see price of CPO correcting to about RM2,100 in time. This is not good for Golden Agriculture's bottom line.
Genting SP: Continuing its levitation act despite an obvious negative divergence between price and volume. MFI, which accounts for price and volume, is in a downtrend. Demand has fallen but price remains quite bouyant. Unless volume expands significantly and the resistance at $1.20 is taken out convincingly soon, this is a sign of churning and perilous for anyone who chooses to go long now. A retracement would find initial support at $1.12.
Thursday, 08 July 2010
NOL: Volume expanded tremendously as price gapped up and formed an impressive white candle. Breaking resistance formed by a confluence of MAs is likely to see price moving higher. I see initial resistance provided by the downtrend resistance at $2.07 in the next session.
Thursday, 08 July 2010
LMIR: Technically, I still see a negative divergence between price and the MFI. The doji formed today could even be the set up of an evening star pattern. Having said this, if the uptrend support holds up if next tested, it could be a sign of firm underlying support and the rising OBV since price touched a low of 42c on 25 May does suggest that there is more accumulation than distribution going on.
Posted by AK71 at 7:00 PM 4 comments
Labels:
capitamalls asia,
FA,
Golden Agriculture,
LMIR,
NOL,
TA
Monthly Popular Blog Posts
-
Time flies and it is time for another quarterly update. Before I start on the update proper, I just want to say a few words about Wilmar Int...
-
I have been asked this question in various forms by various people over the years. "How much cash are you holding now?" However, l...
-
I shared a photo of one my favorite ships in World of Warships in a video yesterday. Bismark is a ship I enjoy a lot and I have had many ho...
-
I have been thinking about really retiring in a couple of years. Confused? Didn't AK retire 8 years ago a few months before he turned 45...
-
I used to blog about my meals in the early days of blogging. Haven't been doing it for many years. Anyway, I love fish fingers. Specific...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...
-
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...