China HongXing: Repeating the Elliott Waves

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Have observed several Elliott Wave Patterns in China HongXing. The attached China HongXing charts have shown two complete Elliott Wave patterns (Wave 1 – 5, Wave A, B, C) previously. Now China HongXing is showing the another potential Elliott Wave pattern showing the Wave 4 in formation. If you believe in Elliott Wave pattern and believe the history may repeat itself, you should be able to predict the next movement by studying how the Wave 5 performed on the previous two occasions.

Past two Wave 5 performance:

  • From $0.13 to $0.21 in two weeks (61.5% increase)
  • From $0.18 to $0.25 in two weeks (38.8% increase)
  • Take note of the Fibonacci numbers (61.8%, 38.2%)…. A coincidence?

So, next performance? From $0.175 to ???? in ?? weeks?

Look at the China HongXing chart and make your prediction!

Welcome to post your prediction here!

 

 

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Straits Asia Resources (SAR): Climbing on Up Trend Steadily

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Straits Asia Resources has been climbing up steadily since the breakout from the Falling Wedge.

The current uptrend is still intact with the uptrend support at $2.20 (which is also a 50D MA support). SAR has moved above 20D MA, 50D MA and 200D MA.

  • Current Price = $2.34
  • Dividend Yield = 4.65% (pay out quarterly)
  • Current PE = 13
  • Rolling PE = 16
  • FY08 PE = 15.3
  • FY07 PE = 60.9
  • FY06 PE = 33.9
Continue ReadingStraits Asia Resources (SAR): Climbing on Up Trend Steadily

CapitaMall: Still On Up Trend But …..

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CapitaMall is closing in 3 years high although it is still trading in the up trend channel. Rolling PE is 51.76 and distribution yield is 4.42%. Base on these numbers, this Capita Mall Trust is overvalue and near 3 years high. Do your own math to calculate what is the upside potential vs downside risk, and decide whether you want to hold on or take profit. You may want to look at the distribution yield and compare with other similar trust or REITs…. There are other better choices out there…..

Continue ReadingCapitaMall: Still On Up Trend But …..