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Repost, dun know why always tends to jumbled up.
DBSV Weekly Commentary
KEY POINT
��
potential pullback level 2253-2400 is mild, support at
2180-2240, upside to 2560 followed by 2793 in coming
months. Investors should maintain buy-on-pullback strategy – STI
S-chips �� China’s May PMI beats market expectations – Positive for
richtan ( Date: 05-Jun-2009 18:38) Posted:
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DBSV Weekly Commentary
KEY POINT
��
potential pullback level 2253-2400 is mild, support at
2180-2240, upside to 2560 followed by 2793 in coming
months. Investors should maintain buy-on-pullback strategy – STI
��
S-chips China’s May PMI beats market expectations – Positive for |
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DBSV Weekly Commentary
KEY POINT
��
potential pullback level 2253-2400 is mild, support at
2180-2240, upside to 2560 followed by 2793 in coming
months. Investors should maintain buy-on-pullback strategy – STI
��
S-chips China’s May PMI beats market expectations – Positive for
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Midas: Expanding capacity if orders ramp up (BUY\S$0.655\Target S$0.855)
DMG Research
Potential for new contracts.
that the company was targeting to win S$200m worth of contracts for high-speed and metro trains
in China with the roll-out of increased spending on infrastructure projects. If it succeeds in
bagging this deal, its orders will be trebled to around S$300m, the highest ever since IPO. Midas CEO Patrick Chew revealed in an interview with Reuters
Fourth production line if deals flow.
continue to pile up for block-booking, management reveals that it may have to build a fourth
production line, a move which would bring its total extrusion capacity to 40,000 tonnes per
annum. We estimate that a fourth line should cost around the same as the third (S$32-S$35m).
The third line will be operational in 1Q10, and boost the Group’s capacity by 50%. If the new orders do get clinched soon, and extra orders
Maintaining estimates.
and when new deals flow through. We continue to favour Midas given that it is one of the chief
beneficiary of China’s stimulus package. Maintain BUY with target price of S$0.855, based on our
DCF. We are maintaining our earnings estimates for now, and will review if
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No problem u are most welcome.
U can post "virtual" champange with drinking glasses here will do, its the toughts tat counts.
Lets huat together, the pie is too big to keep to ourself, so lets share & grow the pie even bigger n huat together.
The more we have educated forumers here, the lesser we will have misleading & ill-intentioned emotional posting tat might cause evil harm to newbies n bad karma to the ill-intentioned poster.
We do not have to make "poorer thy neighbours" by misleading postings with ulterior motives just to be rich ourselves, wealth begets wealth, all of us benefits n get more wealthy when our fellow forumers share their educated analysis rather than incite undue n unjustified fears.
monstar83 ( Date: 05-Jun-2009 17:32) Posted:
Hi Richtan,
Thanks for everything woh, if have the chance let me treat u drink. Hee Hee
Really never thought will have Seniors who will go the extra miles to educate the juniors.
This forum is definately a place to learn from all the expertises if you are willing .
Cheers, may all of us make money and lots of money. Haa Haa
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By the way, I noted tat your analysis agrees also with my bullish analysis, as you can see in my chart, I m projecting a bull run as shown in the dotted rectangle on the right side, but mirror image of the previous dotted rectangle bear run.
richtan ( Date: 05-Jun-2009 17:46) Posted:
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Many thanks for your wave analysis.
By the way, both wave analysis n chart pattern analysis are both very subjective.
Chart patterns, unlike SARS or virus (it is a science, can be scientifically analysed n stopped), are collectively human greed n fear n throughout history, "greed n fear" tends to repeat, tats why we have boom n bust followed by boom n again bust, so at times it may repeat, though not exactly to the dot but generally the major trends.
In any case, elliot wave analysis is a very complex art and not an exact science & subject to individual interpretation n always there should be an alternative wave count.
Even with an individual alternative wave counts, another elliot wave analyst will probably come out with another different wave counts but no harm to take into consideration as a mental map & preparation of such possibilities occuring.
By the way, do u have an alternative wave count n care to share. Thnks in advance.
pilotfish ( Date: 05-Jun-2009 16:24) Posted:
Hi richtan
Thanks for your post. You did a lot of hard work and thanks for sharing.
Technically speaking I don't think history will repeat in stock market. Look at the current H1N1 and the previus SARS.
If history repeated counteract actions will be done to aviod further damage.
Below is my finding. I am using waves analysis and some TA. TA alone will give wrong indication if use incorrectly.
Previous post I mentioned the bull run was in May, got mix up with other stock. Should be sometime Oct 2008. Apologize.
Positive divergence occur at 2nd and 3 rd bottom. 3 rd bottom in Oct 2008 was a recorded low. 4th low occurred in March 2009 was higher.
The low in Apr 2009 was higher than the previous low. The next low will be higher than the recent one. We will not see a low lower than the recorded low.
Looking at the time cycle: The bear cycle was a bit long.
Under wave analysis a very fierce Zigzag correction with extension was noted which ended in Oct 2008.
From the above findings, I'm quite confidence that a bull run has been in force for this counter though there will be correction ahead.
Furthermore, base on the company model. It is very worth for long term investment.
Just my view (Not an inducement to trade). 
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Many thanks for your wave analysis.
By the way, both wave analysis n chart pattern analysis are both very subjective.
Chart patterns, unlike SARS or virus (it is a science, can be scientifically analysed n stopped), are collectively human greed n fear n throughout history, "greed n fear" tends to repeat, tats why we have boom n bust followed by boom n again bust, so at times it may repeat, though not exactly to the dot but generally the major trends.
In any case, elliot wave analysis is a very complex art and not an exact science & subject to individual interpretation n always there should be an alternative wave count.
Even with an individual alternative wave counts, another elliot wave analyst will probably come out with another different wave counts but no harm to take into consideration as a mental map & preparation of such possibilities occuring.
By the way, do u have an alternative wave count n care to share. Thnks in advance.
pilotfish ( Date: 05-Jun-2009 16:24) Posted:
Hi richtan
Thanks for your post. You did a lot of hard work and thanks for sharing.
Technically speaking I don't think history will repeat in stock market. Look at the current H1N1 and the previus SARS.
If history repeated counteract actions will be done to aviod further damage.
Below is my finding. I am using waves analysis and some TA. TA alone will give wrong indication if use incorrectly.
Previous post I mentioned the bull run was in May, got mix up with other stock. Should be sometime Oct 2008. Apologize.
Positive divergence occur at 2nd and 3 rd bottom. 3 rd bottom in Oct 2008 was a recorded low. 4th low occurred in March 2009 was higher.
The low in Apr 2009 was higher than the previous low. The next low will be higher than the recent one. We will not see a low lower than the recorded low.
Looking at the time cycle: The bear cycle was a bit long.
Under wave analysis a very fierce Zigzag correction with extension was noted which ended in Oct 2008.
From the above findings, I'm quite confidence that a bull run has been in force for this counter though there will be correction ahead.
Furthermore, base on the company model. It is very worth for long term investment.
Just my view (Not an inducement to trade).
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Ooops, still fails, let me instead copy n paste one by one, the shortcut to the "Free tutorial" links in oilngold website.
http://www.oilngold.com/tutorials/technical-indicators-tutorial/
http://www.oilngold.com/tutorials/chart-patterns-tutorial/
http://www.oilngold.com/tutorials/candlesticks-tutorial-i/
http://www.oilngold.com/tutorials/candlesticks-tutorial-ii/
http://www.oilngold.com/tutorials/chart-formations-tutorial/
http://www.oilngold.com/tutorials/candlesticks-tutorial-iii/
http://www.oilngold.com/tutorials/elliott-wave-tutorial/
richtan ( Date: 05-Jun-2009 17:00) Posted:
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Ooops, dun know why the links to oil n gold free tutorials seems to incorrectly linked to sharejunction & can't direct to the actual links, let me try again, hope it works:
Technical Indicators Tutorial
Chart Patterns Tutorial
Candlesticks Tutorial I
Candlesticks Tutorial II
Chart Formations Tutorial
Candlesticks Tutorial III
Elliott Wave Tutorial
richtan ( Date: 05-Jun-2009 16:55) Posted:
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Monstar83,
Let me compile n put these 2 websites together also for the benefit of fellow forumers keen to learn TA:
U can go to this 2 websites n look for "Free Tutorial" :
(1) http://www.oilngold.com/
Technical Indicators Tutorial
Chart Patterns Tutorial
Candlesticks Tutorial I
Candlesticks Tutorial II
Chart Formations Tutorial
Candlesticks Tutorial III
Elliott Wave Tutorial
and
(2) http://www.singaporestocks.com.sg/
Learn more about stock trading at our free Stock Education forum!
richtan ( Date: 05-Jun-2009 11:32) Posted:
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I m glad tat u acknowledge tat u are new & keen to learn.
I like such honest, humble people who are keen to learn n not act emotionally n yet got the cheek to talk back to those more knowledgeable than them, it really piss me off n gets me  
U can go to this webpage n look for "Free Tutorial" : http://www.oilngold.com/
Technical Indicators Tutorial
Chart Patterns Tutorial
Candlesticks Tutorial I
Candlesticks Tutorial II
Chart Formations Tutorial
Candlesticks Tutorial III
Elliott Wave Tutorial
Always remember: "Knowledge is power, not empty emotional talk"
monstar83 ( Date: 05-Jun-2009 10:40) Posted:
| Hi all Senior,
Actually i very interested to learn how to read chart woh, but dont know how to go abt learning it ?
Any suggestion?
I noe as a junior, not for me to comment on the reaction of Senior here,
but pls relax lar, dnt lost urself to the mkt, not good for health de woh .
Cheers, hope everyone have a good day ahead woh.
And thanks all Seniors for the advices. Hee |
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Monstar83,
U can also go to http://www.singaporestocks.com.sg/ n scroll down to "Start Learning and Trading" just under "Featured Technical Picks "
richtan ( Date: 05-Jun-2009 11:50) Posted:
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Of course, u can feel free to attend courses but I m not willing to pay for such courses which can cost a bomb when I can read all this online foc & buying books on trading & read up, I m sure they teach all the same techniques from all these trading books & online tutorials.
For the list of books I recommended (dun ask me where to buy as I bot them donkey years ago, u can do an online search or search in the bookstores), do a search in this forum under my username, richtan. It need not be just these few recommended books, u can also go n hunt in the bookstores n browse for any other good books on trading.
monstar83 ( Date: 05-Jun-2009 11:38) Posted:
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Hi RichTan,
Thanks for the info, its good to help helpful senior like u around to teach the juniors ??
Btw, do u tink theres any course that newbies should attend b4 start to trade ??
Thanks again for the advices. Hee
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Ausgroup with bullish cup formation, rising bullish wedge n flagpole, could it possibly repeat the previous dotted rectangle.
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Today’s Focus
•
• SGX still offers upside
The market’s underlying tone should be firm ahead of the
release of US employment figures for the month of May,
scheduled for release tonight. Our economist thinks the figure
could come in at –450k, which is better than market consensus
of –520k. If this turns out correct, the market underlying tone
should be positive for the next 2 sessions least. STI should head
for its near-term high at 2424 or even slightly above that. Technical: Accumulate China stocks at current level
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Alemak, dun know wat happen to this copy n paste, "SGX still offers upside" jump to bottom.
richtan ( Date: 05-Jun-2009 12:44) Posted:
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From DBSV:
Today’s Focus
• Technical: Accumulate China stocks at current level
•
The market’s underlying tone should be firm ahead of the
release of US employment figures for the month of May,
scheduled for release tonight. Our economist thinks the figure
could come in at –450k, which is better than market consensus
of –520k. If this turns out correct, the market underlying tone
should be positive for the next 2 sessions least. STI should head
for its near-term high at 2424 or even slightly above that. SGX still offers upside
richtan ( Date: 05-Jun-2009 12:43) Posted:
|
From DBSV:
Today’s Focus
• Technical: Accumulate China stocks at current level
•
The market’s underlying tone should be firm ahead of the
release of US employment figures for the month of May,
scheduled for release tonight. Our economist thinks the figure
could come in at –450k, which is better than market consensus
of –520k. If this turns out correct, the market underlying tone
should be positive for the next 2 sessions least. STI should head
for its near-term high at 2424 or even slightly above that. SGX still offers upside |
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From DBSV:
Today’s Focus
• Technical: Accumulate China stocks at current level
•
The market’s underlying tone should be firm ahead of the
release of US employment figures for the month of May,
scheduled for release tonight. Our economist thinks the figure
could come in at –450k, which is better than market consensus
of –520k. If this turns out correct, the market underlying tone
should be positive for the next 2 sessions least. STI should head
for its near-term high at 2424 or even slightly above that. SGX still offers upside
richtan ( Date: 05-Jun-2009 12:43) Posted:
|
From DBSV:
Today’s Focus
• Technical: Accumulate China stocks at current level
•
The market’s underlying tone should be firm ahead of the
release of US employment figures for the month of May,
scheduled for release tonight. Our economist thinks the figure
could come in at –450k, which is better than market consensus
of –520k. If this turns out correct, the market underlying tone
should be positive for the next 2 sessions least. STI should head
for its near-term high at 2424 or even slightly above that. SGX still offers upside |
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Bad Post
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From DBSV:
Today’s Focus
• Technical: Accumulate China stocks at current level
•
The market’s underlying tone should be firm ahead of the
release of US employment figures for the month of May,
scheduled for release tonight. Our economist thinks the figure
could come in at –450k, which is better than market consensus
of –520k. If this turns out correct, the market underlying tone
should be positive for the next 2 sessions least. STI should head
for its near-term high at 2424 or even slightly above that. SGX still offers upside
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Of course, u can feel free to attend courses but I m not willing to pay for such courses which can cost a bomb when I can read all this online foc & buying books on trading & read up, I m sure they teach all the same techniques from all these trading books & online tutorials.
For the list of books I recommended (dun ask me where to buy as I bot them donkey years ago, u can do an online search or search in the bookstores), do a search in this forum under my username, richtan. It need not be just these few recommended books, u can also go n hunt in the bookstores n browse for any other good books on trading.
monstar83 ( Date: 05-Jun-2009 11:38) Posted:
|
Hi RichTan,
Thanks for the info, its good to help helpful senior like u around to teach the juniors ??
Btw, do u tink theres any course that newbies should attend b4 start to trade ??
Thanks again for the advices. Hee
richtan ( Date: 05-Jun-2009 11:32) Posted:
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Bad Post
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I m glad tat u acknowledge tat u are new & keen to learn.
I like such honest, humble people who are keen to learn n not act emotionally n yet got the cheek to talk back to those more knowledgeable than them, it really piss me off n gets me
U can go to this webpage n look for "Free Tutorial" : http://www.oilngold.com/
Technical Indicators Tutorial
Chart Patterns Tutorial
Candlesticks Tutorial I
Candlesticks Tutorial II
Chart Formations Tutorial
Candlesticks Tutorial III
Elliott Wave Tutorial
Always remember: "Knowledge is power, not empty emotional talk"
monstar83 ( Date: 05-Jun-2009 10:40) Posted:
| Hi all Senior,
Actually i very interested to learn how to read chart woh, but dont know how to go abt learning it ?
Any suggestion?
I noe as a junior, not for me to comment on the reaction of Senior here,
but pls relax lar, dnt lost urself to the mkt, not good for health de woh .
Cheers, hope everyone have a good day ahead woh.
And thanks all Seniors for the advices. Hee |
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Bad Post
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June 2, 2009 • 9:35 pm
AusGroup 2nd June 2009
AusGroup today traded suspiciously on high volume.
This could signify something might be brewing. Coincidentally, it reached a high of 66 cents, the highest in almost 9 months, before falling back to 63 cents.
63.5 cents will prove to be a tough resistance, which used to be the support level in July 2008.
That could explain its heavy volume. The other heavy volume was also achieved 5 sessions ago when it again crossed the 63.5 cents mark before ending lower.
GMMA still indicate that this stock is still trending well. Therefore, those who can hold, can wait for the final breakout.
Expecting a violent ride ahead.
Filed under: Technical , AusGroup
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