4 heavenly king gathered to bring you cash.
Olam (Bot) - Current price 2.33 (super strong buy)
Wilmar (Bot) - Current price 4.92 (strong buy)
Minzhong (going to buy soon) - Current price 1.025 (strong buy)
Ezra (going to buy soon) - Current price 1.14 (buy)
Wednesday, March 21, 2012
Monday, March 12, 2012
Olam - update
Call for strong trading buy. Mini showhand if you can afford. All sign for rebound shows up. Wan4 Si1 Jun1 Pei4.. just waiting for the Tong1 Feng1. Selling volume falls, MACD divergences with pre cross over period now (last time i mentioned b4, pre cross over is the time where most rebound take place), RSI starts to see recovery, and also long term wise, 50MA line cross 100MA line (sign of long term trend reversal. the last major MA cross down was in Jan 2011 where Olam starts its downtrend.) So time to position yourself for a rebound. Recommended entry $2.23 to $2.30. Buy at your own risk ;).
S&C already in at $2.30. With cash to pump in more if i wish to double up my stake.
Sunday, March 4, 2012
Wilmar and Olam - call for trading buy
Back to posting after about a month break. After I clear off all my 3 holdings in early Feb. Market continue to rise until very recent fast to see some correction. This may offer some buying opportunity as some corporate results aren't showing good results as expected.
Time for selective trading buy. Some blue chips had fallen to catch my eyes again. Olam and Wilmar are on my list for trading buy. However, one must note that STI or HSI may be consolidation or mild correction mode. Therefore, trade with care for those whom are going to long the market.
Wilmar, fallen from a high of $6.00 to near $5.00. Translating to a near 17% drop in share price in a short 2 weeks. Some analysts said its over reacting to weak result, some expect more correction. Based on chart reading, I still see some weakness ahead before rebounding. Best entry will be somewhere near $4.90 - $4.95 range. However, those whom cant wait can still buy in phases at current price. Remember, do not showhand at this price yet. You may get caught badly...
Olam, share price also drop about 16% from a high of 2.72 to 2.35. Represent about 15-16% drop too. As you can see, Olam is a very volatile stock. it can easily swing 10cents up or down in a single day. Currently, MACD still turning sign, and RSI also shows oversold. Best bet will be anything near 2.3. Same as Wilmar, buy in 2 phase in case rebound didnt materialise.
Both call for trading buy now. Good luck.
Subscribe to:
Posts (Atom)