Goodpack: Resistance at $1.67

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Another round of sell off starts for Goodpack. Currently the stock is trading in a down trend where the trend resistance at about $1.67 (also the 61.8% Fibonacci Resistance & 50D MA). Although this stock is value stock but be reminded that DO NOT buy the stock which is on down trend unless anyone has deep pocket to hold. The stock is cheap but it can go even cheaper! This stock is in my watch list…. but I am NOT planning to long this value stock at the moment. I am SHORTING when the stock price get near to the resistance again!

Value Investors out there, DON’T HATE me! I pay my school fee to get myself educated on how to short the market too! But my coach DID NOT teach me to short value stocks! DO NOT FOLLOW ME because Value Investing teaches to BUY MORE using Dollar Cost Averaging Method. 🙂


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Singapore Stocks with High PE Ratio to Short!!

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The selling off is bloody.. the US GDP and Job Data are lousy!

China last PMI shows China’s economy is contracting.

Debts in Europe and US are still not solved yet…. only prolong the pain …

For those who know how to short in the bearish market, they will make a lot of money if they know how to short. I am searching for stocks with high PE ratio to short because it has more downside potential (YES! I use downside “potential” now instead of downside risk”). Feel free to contribute your shorting list here…

My Shorting Watchlist

  • Singapore Exchange (SGX): PE = 25.8 @$7.13
  • Straits Asia Resources (SAR) PE = 26.4 @$2.64
  • Hyflux PE = 18.3 @ $1.885
  • Q&M Dental PE = 55.3 @$0.81
  • Wilmar PE = 21.1 @$5.62
  • CapitaMall PE = 21.6 @$1.83
  • DBS PE = 20.9 @$14.54
  • Genting Singapore Rolling PE = 29.5 @$1.79
  • Goodpack PE = 19.1 @$1.815


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Goodpack:Forming a Wedge

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Goodpack’s chart show a Rising Wedge formation and maybe an Ascending Triangle formation. At the current chart pattern, Goodpack may be coming down to test the wedge support at about at $1.50 to $1.55 level, somewhere near 78.6% FR level. Punching below the 20D MA support is the 1st signal. Next immeidate support is 50D MA.

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