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Today, Midas had started to run-up after rising wedge consolidation (see my chart posting in Midas thread), next will be
(1) Ausgroup as it also had been forming rising wedge n cup formation n the 15ema n 25ema had been providing very good support for the past 3 months
( see below my chart analysis).
(2) CHHX, as it had formed a bullish cup formation, flagpole (up with rising volume) n pennant n had been consolidating (correction with low volume) n low RSI for quite a long
time ( see my chart analysis below)
richtan ( Date: 04-Jun-2009 16:59) Posted:
richtan ( Date: 04-Jun-2009 16:55) Posted:
| Watch out for CHHX, volume is increasing dramatically, will shootup very soon, possibly repeating the dotted rectangle as per my chart below |
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oh i see... richtan thanks once again! i saw your previous posts on the two websites that provides learning tutorials on TA. Will visit the sites to learn more! thanks!
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This is just my opinion.
Generally, in consolidation n acumulation, the vloume tends to be low.
Not an inducement to buy or sell. Dyodd.
weishen81 ( Date: 09-Jun-2009 10:29) Posted:
just back from reservist... hmm... trading volume for CHHX seems to be very low for the past week.... does it mean any kind of signals? Thanks! 
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From what i see guys the cup and handle pattern looks jsut like the one that chinasports is forming?
They're probably similar stock in a similar industry right? thanks!
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just back from reservist... hmm... trading volume for CHHX seems to be very low for the past week.... does it mean any kind of signals? Thanks!
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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:
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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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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:
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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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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:
S-shares should rise after China’s PMI for May came in at 53.1
versus 53.5 in April, marking this the 3
that the PMI stayed above 50. Although the reading showed a
slight dip versus April, the figure was still better-than-expected
as some economists had earlier predicted the PMI dipping close
to 50 or even below. S-chips top the list of DBS Research’s Buy
recommendations with more than 10% upside to target price.
These are China Sports (TP: $0.29), Raffles Education (TP:
$0.78), Pacific Andes (TP: $0.57), China Hongxing (TP: $0.26)
and Epure (TP: $0.64). rd consecutive month
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richtan ( Date: 04-Jun-2009 16:55) Posted:
| Watch out for CHHX, volume is increasing dramatically, will shootup very soon, possibly repeating the dotted rectangle as per my chart below |
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Watch out for CHHX, volume is increasing dramatically, will shootup very soon, possibly repeating the dotted rectangle as per my chart below
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look at the chart, I m saying it could do a repeat of the dotted rectangle as it broke the sloping resistance line.
This is just my opinion, dyodd.
weishen81 ( Date: 26-May-2009 00:31) Posted:
Hi richtan, thanks for updating the post again! Do you mean that we are meeting something like a resistance? If can break the price of say 0.205 or 0.21, it can go for another shootup of a few cents? like what happened between around mid-April till 9th May? Sorry if my question sounds silly. Thanks! 
richtan ( Date: 25-May-2009 22:44) Posted:
Could CHHX possibly repeat the pattern in dotted rectangle after break up from the similar pattern sloping resistance?
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Hi richtan, thanks for updating the post again! Do you mean that we are meeting something like a resistance? If can break the price of say 0.205 or 0.21, it can go for another shootup of a few cents? like what happened between around mid-April till 9th May? Sorry if my question sounds silly. Thanks!
richtan ( Date: 25-May-2009 22:44) Posted:
Could CHHX possibly repeat the pattern in dotted rectangle after break up from the similar pattern sloping resistance?
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Could CHHX possibly repeat the pattern in dotted rectangle after break up from the similar pattern sloping resistance?
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Too early to jump to conclusion as 15sma, 25sma, 50sma all still trending up. Could just be a corrrection.
discrete0 ( Date: 21-May-2009 16:25) Posted:
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