ShareJunction - Member Posts

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When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.

But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.

To resume and confirm the uptrend, it must not break below yesterday's low of 75.

Bintang ( Date: 09-Jul-2009 23:11) Posted:

Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view per my post below, Midas maybe forming another higher high n higher low white candle today,
if it does, it will test the resistance at 83.5 as mentioned in my post below n once it breaks above 83.5, it will becomes the support.

richtan
Master

Posted: 09-Jul-2009 23:52

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When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.

But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.

To resume and confirm the uptrend, it must not break below yesterday's low of 75.

Bintang ( Date: 09-Jul-2009 23:11) Posted:

Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view .

richtan ( Date: 09-Jul-2009 22:51) Posted:

Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5

unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below)

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From DMG:

Midas Holdings: Expanding aggressively with good visibility

(BUY\S$0.785\Target S$1.04)

James Lim (62323892, james.lim@dmgaps.com.sg)
Terence Wong (62323896, terence.wong@dmgaps.com.sg)

Outlook remains bullish.

We recently met up with the management of Midas and learnt that
while earnings growth in 2009 is not expected to be outstanding as its manufacturing lines have
long since attained full utilisation, the outlook in 2010 is highly positive due to contributions from
its new production lines. Maintain BUY with price target of S$1.04 (from S$0.855 previously)
assuming it trades up to 18.8x FY09/10 blended P/E.

Current order book at around Rmb1.4b. Within a span of less than three weeks, Midas
announced that it had clinched several projects wins worth a total of Rmb1.0b, almost twice the
amount of its previous order book of Rmb517m as of end-1Q09. Nevertheless, as we understand
from management that some of its previously clinched contracts would be fulfilled in 2Q09, we
estimate its order book would currently stand at around Rmb1.4b.

Third production line for AA extrusion product segment by end-1Q10. While it has
historically taken around 24 – 30 months to achieve full utilisation, management revealed that it
expects to ramp up utilisation for its third line by a faster pace as its order flow had been very
strong. Market rumours for a fourth and possibility even a fifth line are seemingly not unfounded,
although management declined to confirm these issues. Nevertheless, we believe that Midas may
require some form of funding should they decide to ramp up its production capacity.

Increasing top and bottomline forecasts in FY10. We have kept our earnings estimates for
FY09 intact given that we have already assumed close to full utilisation rates for Midas’ two
existing AA extrusion lines previously. Also, contributions from its new fabrication business are
expected to be very minimal in the current year. We have, however, increased our top and
bottomline forecasts in FY10 by 24.6% and 17.9% respectively due to the addition of two new
production lines for the fabrication segment and assumptions of higher utilisation rates for the
third extrusion line.

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As per my post below, Midas maybe forming another higher high n higher low white candle today,
if it does, it will test the resistance at 83.5 as mentioned in my post below n once it breaks above 83.5, it will becomes the support.

richtan
Master

Posted: 09-Jul-2009 23:52

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When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.

But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.

To resume and confirm the uptrend, it must not break below yesterday's low of 75.

Bintang ( Date: 09-Jul-2009 23:11) Posted:

Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view .

richtan ( Date: 09-Jul-2009 22:51) Posted:

Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5

unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below)

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Hi waynekwek,

If u are new to trading, my advise is learn the ropes of the trade, master TA n u are the master of your trade.

I m a strong advocater of TA, it is the compass of a trader.

Click on my nick n read all my sharings, advice, recommnedation of a few good TA books, "Free Tutorial on TA" n expert nalysis websites.

I had complied a list of websites why u can also learn TA:

(1) http://www.onlinetradingconcepts.com/index.html

(2) http://www.singaporestocks.com.sg/

(3) http://www.oilngold.com/

(4) http://www.incrediblecharts.com/technical/technical_analysis.php

(5) http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators

(6) free TA: http://www.youtube.com/watch?v=6bMO8Gjlwik

U can also see how the expert analyse charts, eg:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p

waynekwek ( Date: 10-Jul-2009 11:30) Posted:

Dunno how to buy? At $0.13 and $0.135, neither side is relenting. Are there potential in this company? I thought many people feel that this is a good counter, then why so low volume traded? Waiting for some news? *puzzling*

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Hi waynekwek,

At times when the mkt is unclear, it is wise to stay out till buy sign appears or look for other stocks tat shows buy sign.

Read my posts and other forumers sharing below.

waynekwek ( Date: 10-Jul-2009 11:30) Posted:

Dunno how to buy? At $0.13 and $0.135, neither side is relenting. Are there potential in this company? I thought many people feel that this is a good counter, then why so low volume traded? Waiting for some news? *puzzling*

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My chart analysis below for sharing n exchange pointers.

I maybe right or wrong, so dyodd n share your analysis.

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Hi leongyee,

Many thanks for your support.

But, TA is not infallible n also at times my analysis may be wrong,

thus reason why I post to share n exchange pointers to get other forumers views.

leongyee ( Date: 06-Jul-2009 01:29) Posted:

Hi Richtan,

Those who know TA will know u are right.

richtan ( Date: 05-Jul-2009 17:18) Posted:

Hi Forumers,

After much consideration and painful decisions and thought of only quit posting when there are too many forumers doing misleading post and forumers rebuting for the sake of rebuting, I had finally made the decision to stay out of posting and join the ranks of Cheong Wee and remain a passive reader, too energy-zapping and time-wasting, much as is my passion to help newbies but I find a lacking of support from the rest of the forumers except for the handful of forumers who are willing to stand out to lend me their support and rebut, the majority are just passive readers.

I will resume my sharing, advice and TA posting only when admin removes people like newtothis n anfield_76 as it defeats my effort of posting and sharing with all this irritant in my eyes.

My last advice to all newbies is to click my nickname and read all my advice and sharing and not fall prey to all those deceptive ploys, one-liners, BBs, emotional postings, wild calls telling u tat "it will hit xxx price by today" even b4 the mkt close as if they dominate and control the mkt like Lord Buddha control Monkey God under his 5 mountains.

Bye for now and hopes to return later when the environment here is more conducive and less of all this undesirable noises and deceptive ploys like BBs and those emotional postings.

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daphnecsf,

U are making great contribution to the forum. Keep it up.

Btw, it is advisable to mentioned the source of info, otherwise there might be an infringement.

It is better to take precaution not to get into trouble.

daphnecsf ( Date: 10-Jul-2009 10:51) Posted:

:) sweet! Midas is extend thier footprint in the global rail transportation arena !

NEWS RELEASE
Singapore, July 9, 2009

MIDAS AWARDED PRESTIGIOUS INTERNATIONAL RAILWAY
INDUSTRY STANDARD (IRIS) CERTIFICATION

- First in the PRC to obtain the IRIS certification in its business category
Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”),
has been awarded the prestigious International Railway Industry Standard (IRIS) certification.
Jilin Midas is the first company in the PRC to receive the IRIS certification under
the category of “Manufacturing and Services of Aluminium Alloy Carbody Profile and Parts for Rail Cars".

- IRIS is recognised and supported by railway industry players worldwide
Promoted by the European Rail Industry (UNIFE) and supported by operators,
system integrators and equipment manufacturers, the IRIS complements the
internationally recognized ISO 9001 quality standard introducing rail specific
requirements.

- Strengthens Group’s competitive position in the global arena
Being an IRIS certified company speaks for our ability to meet the highest quality
standards worldwide and our standing as an international supplier. It also
significantly enhances our ability to compete in the international markets and
strengthens our position to tap on growth opportunities globally.”

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I m also learning from u n the rest, we exchange pointers.

Bintang ( Date: 10-Jul-2009 10:21) Posted:

I m no gem too , I m still learning from richtan n other experts in this forum .

richtan ( Date: 10-Jul-2009 09:46) Posted:

Nah, I no gem, just an average trader.

Thre are many other gems here, eg. like u, Bintang, etc

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Nah, I no gem, just an average trader.

Thre are many other gems here, eg. like u, Bintang, etc

el7888 ( Date: 10-Jul-2009 06:33) Posted:

richtan & Bintang,

Both of you are the gems of this forum. your discussions will benefit all.

richtan ( Date: 10-Jul-2009 00:05) Posted:

It is good for traders tat trade big lots by scalping but must be very alert to hit and run when it touch the resistance in case it turns down and wipe out watever profits made.

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It is good for traders tat trade big lots by scalping but must be very alert to hit and run when it touch the resistance in case it turns down and wipe out watever profits made..

richtan ( Date: 10-Jul-2009 00:02) Posted:

MA are by nature lagging indicator n candlestick, leading indicator, but of course the downtrend ma pose as resistance, if it fails to break above it but reverse downwards and breaks today's low, it resumes the downtrend just as it happens between 23/6 to 26/3.

Personally, I would prefer to wait for it to clear the ma as it is too near to have any meat to eat, the risk/reward is not favorable.

Bintang ( Date: 09-Jul-2009 23:29) Posted:

Richtan , one more question for u , has the 200MA cut down across the 10 MA any effect to the price movement ? Thanks for ur answer .

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MA are by nature lagging indicator n candlestick, leading indicator, but of course the downtrend ma pose as resistance, if it fails to break above it but reverse downwards and breaks today's low, it resumes the downtrend just as it happens between 23/6 to 26/3.

Personally, I would prefer to wait for it to clear the ma as it is too near to have any meat to eat, the risk/reward is not favorable.

Bintang ( Date: 09-Jul-2009 23:29) Posted:

Richtan , one more question for u , has the 200MA cut down across the 10 MA any effect to the price movement ? Thanks for ur answer .

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When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.

But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.

To resume and confirm the uptrend, it must not break below yesterday's low of 75.

Bintang ( Date: 09-Jul-2009 23:11) Posted:

Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view .

richtan ( Date: 09-Jul-2009 22:51) Posted:

Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5

unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below)

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Hi Bintang,

Not to worry, I trust tat u are a rational n sensible person and will not resort to such frivolous act..

If that person tat rate my post as bad, then rightfully, he/she should be constructive and have the guts to come out and admit tat he/she rated my post as bad and justify the reason n post in the forum to offer alternative views, rating it as bad does not add value to the forum.

OMG Smiley Smiley Smiley , dun tell me my fear is actualised, the pests is back with senseless rating and abused the rating system.

Frankly, I m not the least bothered by such childish act but just tat I detest forumer tat lacks moral standing and abuse the rating system

Bintang ( Date: 09-Jul-2009 23:15) Posted:

Richtan , I m not the one to rate u bad post , I respect u .

richtan ( Date: 09-Jul-2009 22:51) Posted:

Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5

unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below)

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Hi waynekwek,

Sorry, I really can't tell u whether it will go up tomoro or next Mon, see my posts below

and my post on my chart analysis, but dyodd

waynekwek ( Date: 09-Jul-2009 23:09) Posted:

hi richtan, I have only 3 months experience and know nothing much about TAs. So do you think China Sports will go up tomorrow? or next Monday?

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One more thing, if tomoro form a higher high n higher low on higher volume, there is a bullish divergence with the RSI

richtan ( Date: 09-Jul-2009 23:06) Posted:

Oh yah, forgotten tat tomoro must form a higher high n higher low on higher volume to validate the reversal

richtan ( Date: 09-Jul-2009 23:01) Posted:

CSI today formed a dragonfly doji, which normally appears at mkt turning points.

RSI just turn up and cuts above the 30% line (bullish) but needs to be confirmed by a higher high and a higher low white candle tomoro.

If the tail is extremely long (CSI's tail is not extremely long) and at the end of a downtrend is extremely bullish.

This is just my view, dyodd

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Oh yah, forgotten tat tomoro must form a higher high n higher low on higher volume to validate the reversal

richtan ( Date: 09-Jul-2009 23:01) Posted:

CSI today formed a dragonfly doji, which normally appears at mkt turning points.

RSI just turn up and cuts above the 30% line (bullish) but needs to be confirmed by a higher high and a higher low white candle tomoro.

If the tail is extremely long (CSI's tail is not extremely long) and at the end of a downtrend is extremely bullish.

This is just my view, dyodd

Bintang ( Date: 09-Jul-2009 22:52) Posted:

China Sports has already broken the trendline for four days in a row ,that is almost confirmed its down trend . If fact , according to the theory , if prices close below a down trendline for two days in a row , it is viewed as a valid penetration .Now setting stop loss or cut loss would be necessary at this juncture .

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CSI today formed a dragonfly doji, which normally appears at mkt turning points.

RSI just turn up and cuts above the 30% line (bullish) but needs to be confirmed by a higher high and a higher low white candle tomoro.

If the tail is extremely long (CSI's tail is not extremely long) and at the end of a downtrend is extremely bullish.

This is just my view, dyodd

Bintang ( Date: 09-Jul-2009 22:52) Posted:

China Sports has already broken the trendline for four days in a row ,that is almost confirmed its down trend . If fact , according to the theory , if prices close below a down trendline for two days in a row , it is viewed as a valid penetration .Now setting stop loss or cut loss would be necessary at this juncture .

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Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5

unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below)

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Thanks daphnecsf for welcoming me back,

Still testing waters, but if jaws surfaced n I still get taunted or flame, I will still have to ignore it n no choice but to withdraw into my cocoon again as I have to abide by admin's reminder not to reply to such taunt/flame.

daphnecsf ( Date: 09-Jul-2009 15:19) Posted:

Welcome back Richtan! :)