Singapore Stock Analysis, Singapore Stock Forum, Singapore Stock Blog. Value Investing, Momentum Investing of Singapore Stocks and US Stocks.
Genting Singapore is currently testing a Tough Resistance at $2.03. This is the mid term down trend resistance, 50D MA resistance and 78.6% Fibonacci Resistance. Today Genting SP ended the trading day with a Doji, an indication of the end of the recent mini bull run. A potential reversal of trend at sight!
Best World’s chart is redrawn after issuing Bonus 1 for 5 Shares on July. There is a dilution effect and thus previous price history were adjusted down. Best World is still trading in a Wedge pattern but today trade see a Doji candlestick, indicates a stop of the recent up trend. Coincidently, this Doji candlestick [...]
China HongXing has been on free fall recently after announcing worst than expected quarterly. Although the company is still cash rich, the financial ratio has been pretty poor compared to their peers. ROA & ROE are only a pathetic 3% in FY2009 compared to previous years of more than 10%. Recent chart suggests that China [...]