China fishery group limited (sgd)

20090619: Close 1.010, +0.015, +1.51%

Volume has declined and more indicators turned bearish since the last sell signal:




20090605: Close 1.130, +0.020, +1.80%

CFG's chart appears to be similar to many others, i.e., bottom out in March and look toppish since early June, except that it has an early sell signal (Chart 4):

China Milk

20090619: Close 0.435, +0.005, +1.16%

CM may weaken further in the coming weeks:




20090605: Close 0.480, +0.000, +0.00%

Weakness seen in various indicators, may slip below current support at 0.450:



Click on chart for details.

Synear

20090619: Close 0.225, +0.005, +2.27%

The weak support at 0.220 may be breahed in the coming week:




Synear ($0.515, 20080526):

Still no sign of recovering since the last sell signal:


Lifted by one-off Rmb14m tax reversal - by Ho Choon Seng CFA
(SYNF SP / SYFH.SI, UNDERPERFORM - Maintained, S$0.56 - Tgt. S$0.35, Food & beverages)

Core net profit of Rmb93.0m was in line with expectations, forming 29.9% of our FY08 core net profit estimate and 20.4% of consensus. Reported net profit was distorted by a one-off Rmb14m tax reversal relating to the dividend witholding tax wrongly provided for in 4Q07. Sales dropped 5.8% to Rmb678.4m, in line with management's earlier guidance of less than 10% decline. Margins were further squeezed to 26.8% compared to 34.3% in 1Q07 and 27.6% in 4Q07 due to sustained price pressures. Overall ASP of around Rmb8,400/tonne suggests that sales volume fell 23% yoy. With results in line with expectations, we keep our EPS estimates intact. The outlook continues to be murky with continuing price pressure and falling sales volume. Maintain Underperform with unchanged target price of S$0.35, still based on 6x CY09 P/E.

Synear ($0.57, 20080505):

Another stock with the "Pump and Dump" pattern, together with other bearish indicators:

Note: For the "Pump and Dump" pattern, please visit: http://intellination.blogspot.com/

Charting of Popular Singapore Stocks

For Charting of Popular Singapore Stocks, please visit:

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BioTreat

BioTreat ($0.335, 20080425):

BT dropped another 13% since last update on 20080418 to all-time low at $0.335, with a weak support at 0.24, all indicators are extremely bearish:

BioTreat ($0.385, 20080418):

1. There had been lots of warning in the media and the net about this stock since the middle of last year;

2. On 20080410 it dropped from an intraday high of 0.55 to close at 0.495. Some early warning signals had started to appear;

3. Volume increases and a Sell signal appeared on 20080417 followed by more confirmation signals.

Since our last coverage on 20071019, its share price has dropped about 50%. Click on chart for details:



BioTreat ($0.775, 20071019):

Double-Sell signals with bearish indicators, with supports at 0.70 and 0.65: