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Wilmar, China Minzhong and Sound Global.

Tuesday, January 8, 2013

Wilmar's share price could not overcome the resistance provided by the descending 200d MA. Look out for a retest of the support which approximates the 100d MA at $3.20. I would buy more if that should be tested.


China Minzhong's share price has established 86.5c as the resistance to watch. There is still a chance of a pull back to support provided by the rising 100d MA. I have sold some at resistance as a hedge and if support should be tested, I would probably buy more. Breaking resistance at 86.5c could see share price heading towards $1.00.


Two dojis in a row suggest indecision on the part of Mr. Market with Sound Global although a higher high on the MACD suggests a strong positive momentum and we could see price pushing higher. Expecting a band of resistance from 68c to 70c while expecting a band of support from 59c to 61.5c.


Related posts:
1. Wilmar: Testing resistance with strong momentum.
2. China Minzhong: What are we to do?
3. Sound Global: Another resistance level broken.

Discrimination: Get real!

Fortunate are those who have not encountered discrimination anywhere! Actually, they might not be fortunate, they could just be delusional!

In the real world, discrimination takes place all the time and everywhere!



Are you good looking? If you are, you are lucky because you are assumed to be good in many other things even though you might not be. Well, would we rather be around good looking people or ugly people? Now, be honest.

Are you a man? If you are, you are lucky because in jobs which both sexes are able to take on, employers would favour men to women. 

Why? 

Men don't get pregnant. They don't have to take leave to give birth and take care of babies as a consequence.

Are you young? If you are, you are lucky because you have more mileage left in you than older people. Generally, employers prefer to have younger workers.

Are you well connected? If you are, you are lucky because who you know is more important than what you know! This is the bombshell!

There are probably many other ways in which people suffer discrimination: racial discrimination, religious discrimination, weight discrimination, class discrimination or even political affiliation discrimination!

If we are receiving the shorter end of the stick, of course, we can complain all we want about how unfair things are. However, the real world is never fair.

If we feel that we are a victim of discrimination, what can we do? Look for greener pastures, I suppose, as discrimination is probably hard to eliminate.

If we feel that we have been wrongfully dismissed, we could approach the Ministry of Manpower and here is the link: 

Claims, Complaints and Appeals.

That discrimination exists in all its forms should be one of the first lessons we learn in life unless we do not live in the real world.
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Added (3 Feb 17):
Related post:
Tea with AK71: Looking good.


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