ShareJunction - Member Posts

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richtan Elite	Posted: 26-Aug-2009 01:19 Contact richtan * Quote this Post!
x 0 x 0 * Alert Admin	Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

bennykusman ( Date: 26-Aug-2009 12:10) Posted:

what is the next support level ?

guppy724 ( Date: 26-Aug-2009 11:54) Posted:

.66cts what a resistance....

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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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From Next Insight:

Railway-building frenzy in China

Written by Andrew van Buren (China correspondent)
Tuesday, 25 August 2009
The following is a translation by our China correspondent, Andrew van Buren, of a recent article on www.fec.com.cn SGX-listed Midas Holdings designs and manufactures aluminium alloy products (above) for the production of train carriages. BY YEAR-END 2008, China already had 29 key subway lines with 10 cities having a total of 776 kilometers of track. Annually, subway cars carried passengers on 2.21 bln separate trips last year. Beijing, Shanghai and 15 other cities have a total of 50 tracks and 1,154 km of lines still under construction, said Mr. Lu Kehua, director of the urban/rural section of the department of Construction Bureau at the State Council. Currently, there are approximately 27 cities in the initial planning stages for launching their own subway systems. Among them, 22 have received start-construction approval from the State Council. Up to 2015, Beijing, Shanghai, Guangzhou and 19 other cities will have built 79 subway lines totaling 2,260 km with total investment of 882.0 bln yuan. Earlier this year, the National Development and Reform Commission's (NDRC) Mr. Wang Qingyun, director of the infrastructure department, said the commission has already approved – or is on the verge of approving – 23 urban subway projects. Mr. Lu Kehua said that the above approved project tallies do not include those proposed subway systems still under construction. This means that in 2015, China will have a total of 158 lines totaling 4,189 km. According to information from industry insiders, the entire approval process exercised by the NDRC requires at least three levels of authorization, in addition to mandating that cities under consideration for a subway system must have at least three mln inhabitants and a gross domestic product (GDP) of over 100 bln yuan. In addition, projects should receive at least 10 bln yuan from local financing. And as for light rail urban lines, the required figures need only be 60% of those stipulated for subway lines. Currently, 50 cities across China have plans for such systems that meet or surpass all the above requirements. Is the credit nightmare over? Actually, this is not the first time in China’s relatively short period of rapid economic development that several cities have had simultaneous plans to develop their own subterranean mass transit systems. Some cities have had such dreams for decades and railcars can already be heard rumbling beneath many of their major street-level thoroughfares. Due to concerns that a herd mentality would ensue as cities sought to keep up with their peers in the public transport drive and the status and investment that such amenities bring, the State Council on at least two occasions issued a “stop work” order and a temporary moratorium on new project approvals to prevent a frenzied nationwide subway digging campaign from getting out of hand. In 1995, directive No.60 of the State Council issued such a “stop work” order and put a freeze on new project approvals. In October of 2002, the State Council once again ordered subway projects across the country to halt construction. Some of the more notable projects affected by this moratorium at the time were lines in Hangzhou, Shenyang and Shanghai’s M8 line. According to analysts, the main incentive for regulators to issue “stop work” orders is over fears that various subway projects have become bottomless pits with no clear timeframe for profitability, and with legacies that bequeath massive financial burdens to local communities for years on end. According to industry insiders, 700 mln yuan of investment is required for each kilometer of track, which many city officials consider to be far too exorbitant and out of their respective budgets. This led to two embarrassing examples of half-finished projects in the mid-1990s due to a sudden drying up of funds in both Chongqing and Qingdao. The conundrum is that a fast growing city economy will provide the required GDP to authorize a subway system, as well as a growing sense of pride mixed with some sense of entitlement among the hardworking denizens of the city. But fast economic growth also encourages riskier lending practices on more generous terms that can backfire and leave city officials and planners red-faced as they stand over half-finished holes in their downtown centers. “We are very happy to have this chance for development. If there was no global economic crisis, then applications and approvals would not be flowing in at this pace. It is both a function of the government’s drive to boost domestic demand and bolster the local economy,” said an expert on the ongoing Nanchang city subway project.

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Will be breaking above resistance at 0.66 with high vol soon.

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Trade Summary shows extremely huge buy-up:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.6499 LAST DONE PRICE : 0.660

SPREAD/PRICE RATIO : 0.0076 AVG TRADE SIZE : 75.63

< />

Last Trades Vol BuyVol Mid SellVol

0.640 17 1,387 1,249 0 138

0.645 125 5,078 2,295 0 2,783

0.650 29 3,604 678 0 2,926

0.655 18 5,004 415 0 4,589

0.660 27 1,263 0 0 1,263

TOTAL 216 16,336 4,637 0 11,699

guppy724 ( Date: 26-Aug-2009 11:39) Posted:

Big buy up Smiley

11:36:06	0.655	300,000	Buy Up
11:36:04	0.655	3,552,000

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tonylim
Member

Posted: 25-Aug-2009 16:01 Contact tonylim * Quote this Post!

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* Alert Admin

People buy on false hope and sentiments. The upside is quite limited. Over time, good sense will prevail. Buy into profitable stocks with growth potentials : Boustead, Hiap Seng, Ezion, Midas, Ezra , Rotary (these are sure winners in the long run - just lock them up and watch them grow)

jing77 ( Date: 25-Aug-2009 15:56) Posted:

can someone enlighten me who is buying genting at such a high price? the vol is so huge..

cathylmg ( Date: 26-Aug-2009 11:24) Posted:

Personally, my intuition (women invest with intuition) is this burger still got somemore upside. So long as casino not open.

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It means the prices formed higher peaks but the other indicators shows otherwise (see chart below), a sign tat prices will come down sooner or later as it is not supported by the indicators.

When correction? nobody knows but the risk is getting higher and higher as the bubbles gets bigger.

isavon08 ( Date: 26-Aug-2009 11:18) Posted:

Can anyone advise what does it mean by Bearish Divergence?

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Imo, "Long - Term" chart of Ausgroup is also forming cups with handle similar to Straits Asia (SAR), see my chart posting in SAR

Below is my "Long -Term" chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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Patience has its virtue, I look to the long-term potential, will exit only if I spot any reversal pattern or sign, otherwise I ma very patient man.

I never like to chase after "hot potatoes" or carry someone's unwanted baby.

bennykusman ( Date: 26-Aug-2009 10:48) Posted:

this counter needs time ler..

richtan ( Date: 26-Aug-2009 01:19) Posted:

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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Below is my 'Long-term" chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

Take a look at SAR "long-term" chart cup and handle, Midas "long-term" chart (see below) also shows such formation, in the nascent stage.

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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

Bintang ( Date: 26-Aug-2009 10:54) Posted:

Now Midas is preparing to move up to the next target .

Hi raymondho n startrader , I agreed that this counter is in short term weakness , but interestingly , if the 10MA does not provide support , then the 30 MA is always there to stop the falling price . Since May09 this trend has never fallen out of the 30MA which provides very strong support to the share price .In TA charting , only 30 days simple moving average (30MA) is to distiguish between the upward n downward movement of the long term share price movement .Obviously the uptrend is intact , any pulling back to the 30MA become golden opportunity for buying in . If Fibonacci theory is to materialize , then the price moves up to $1.05 is not impossible , for it has already crossed the 23.67% mark at 75 cents . I m not promoting this counter , until now I have not buy a single lot yet .

star-trader ( Date: 16-Aug-2009 13:52) Posted:

I agreed with Raymond...

The On balanced volume showing towards downtrend unless big volumes buy-in to push back the price...but candlestick is showing reverse trend..

This is my personal view only.. DYODD.

rgds, star-trader

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Reminds me of my Golden mantra number 3:

(3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses
made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price.

ozone2002 ( Date: 26-Aug-2009 10:59) Posted:

Midas too early to take profit..

look at the technical indicators, majority are in the early stages of entry..

why exit when it's in the early stages? don't sound correct to me..

DYODD

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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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Let the mkt speak for itself, unless u hv divine power.

Wat if it continues to go up, those who heed your call will curse u like mad

Anyway, dun read and follow blindly or listen deafly, dyodd n BOSAYOR

risktaker ( Date: 26-Aug-2009 10:51) Posted:

if u take profit now u win. Afternoon it "might" drop ..... if u want reasons. U can PM once it drop.

richtan ( Date: 26-Aug-2009 10:45) Posted:

Patience has its virtues and proves all those naysayers tat bad-mouthed Midas wrong.

Volume had exceeded yesterday's volume within less than 2 hours of trade and Trade Summary shows heavy buy-up.

Congrats especially to those who followed my postings and chart analysis and dared to buy since last few days when it presents many good opportunities when it bounced off the 15ema and 25ema with tight stop-loss if it close below the 25ema or 65ema.

Peronally, I will exit if it breaks and closed below the 65ema for 2 continuous days and the 3rd day, there is no reversal sign or bullish harami

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Dun chase now, then when?? Is it till it hit grossly overbought condition like Genting, which iswaiting for musical chairs to stop.

Reminds me of the "Greater Fool Theory" n "Irrational Exuberance"

risktaker ( Date: 26-Aug-2009 10:22) Posted:

Not now - Dont chase now

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Patience has its virtues and proves all those naysayers tat bad-mouthed Midas wrong.

Volume had exceeded yesterday's volume within less than 2 hours of trade and Trade Summary shows heavy buy-up.

Congrats especially to those who followed my postings and chart analysis and dared to buy since last few days when it presents many good opportunities when it bounced off the 15ema and 25ema with tight stop-loss if it close below the 25ema or 65ema.

Peronally, I will exit if it breaks and closed below the 65ema for 2 continuous days and the 3rd day, there is no reversal sign or bullish harami

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Every cloud has its silver lining, every dog has its day.

Patience has its virtue, better than chasing those risky "hot potatoes" like Genting

Bintang ( Date: 26-Aug-2009 10:36) Posted:

Huat huat already , 88 cents now

ozone2002 ( Date: 26-Aug-2009 10:34) Posted:

congrats to those who went in..

the trend is ur friend..

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Let the mkt speak for itself, unless u hv divine power.

Wat if it continues to go up, those who heed your call will curse u like mad

Anyway, dun read and follow blindly or listen deafly, dyodd n BOSAYOR

risktaker ( Date: 26-Aug-2009 10:31) Posted:

sigh alot of people kenna stuck liao again

Bintang ( Date: 26-Aug-2009 10:30) Posted:

As long as the weekly trend is intact ,the pulling back to its support provides good buying oppotunity

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Let the mkt speak for itself, unless u hv divine power.

Wat if it continues to go up, those who heed your call will curse u like mad

Anyway, dun read and follow blindly or listen deafly, dyodd n BOSAYOR

risktaker ( Date: 26-Aug-2009 10:27) Posted:

do not buy ... please dont chase this midas. Warning..... Do not Chase .....

richtan ( Date: 26-Aug-2009 10:23) Posted:

Broke above 8

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Broke above 86

ozone2002 ( Date: 26-Aug-2009 10:18) Posted:

watch for midas breakout ... has to break 86c