The 1.6 litre Lancer GLX (2005 - 2008) is the most reliable (i.e. least problematic) car in the last 15 years! That is pretty amazing.
The Mitsubishi Lancer is a low-powered, three-box Japanese saloon. Yes, it does have an evil twin, in the form of the Evo, but it's the standard granddad-friendly one that delivers the dependability which makes it the most reliable car Warranty Direct has ever seen. (Warranty Direct, 21 November 2012)
We almost bought this car 4 years ago but in the end, we went for the 1.5 litre Lancer EX which has more leg room and a Mivec DOHC engine for S$10,000 more.
What brought us to Cycle & Carriage's showroom back then was really the 1.6 litre Lancer GLX because they were having a sale and the car was being offered for $40+K, inclusive of COE.
$40+K? Yes! Pre-owned? Nope. Brand new from Cycle & Carriage! Now? I don't dare to check how much it now costs!
Buying pre-owned would make more money sense and for anyone who is looking for a compact pre-owned car that is high on reliability, a 1.6 litre Lancer EX built from 2005 to 2008 would seem like a good choice if we believe the report.
You might also want to arm yourself with useful knowledge before buying a used car. Be a savvy buyer and not be smoked by car salesmen! See:
Used Car Buying Guide: Guide to Inspecting and Buying a Used Car
Related posts:
1. Category A COE hits record!
2. Quick, buy a new car cheaper!
3. A new car for $75,000?
4. Buying a car now?
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Which is the most reliable car?
Saturday, January 5, 2013Posted by AK71 at 7:50 AM 18 comments
China Minzhong: What are we to do?
Friday, January 4, 2013
Some might wonder if it is time to sell shares of China Minzhong and to lock in some sizeable gains. Well, it is back to the basic question of: "What are we after?"
If we believe that China Minzhong's shares are still undervalued, then, fundamentally, it is not the time to sell. However, if we do not care about fundamentals and are in it for a trade, then, that is a different motive which would dictate that we act differently.
To any casual observer, it is obvious that China Minzhong's share price is having difficulty breaking resistance to go higher. Look at the daily chart and we can see why.
Daily chart. |
China Minzhong's price movement seems to be losing momentum as the MACD forms lower highs and the CMF shows money flowing out. Continuing price weakness in the near term is not surprising.
Indeed, price could weaken to support at 80c which is where we find the merged 50d and 20d MAs. A much stronger twice tested support is quite obviously provided by the fast rising 100d MA. In the event of a whipsaw in a correction, this MA could be tested once again for support.
Weekly chart. |
For someone with a longer term perspective, no analysis is complete without looking at the weekly chart and bulls would like what they see there. Quite obviously, there is a break out from resistance and where is the next resistance level? The descending 100w MA currently at $1.05? Possibly. Immediate support is at 78c. Do a quick risk/reward analysis and it would seem that being long China Minzhong makes more sense in the longer term.
Ultimately, what we decide to do depends on our motivation for being vested as well as our risk appetite. Remember, TA is about probability and never certainty.
Related post:
A Christmas collection of charts.
Technical Analysis For Dummies dumps the confusing jargon and unreadable charts for basic explanations and practical guidance.
Go to:
Technical Analysis for Dummies
Posted by AK71 at 8:00 PM 10 comments
Labels:
China Minzhong,
TA
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