A Comparison Among 3 Groups of Stocks (06 Oct 2006)

A Comparison Among 3 Groups of Stocks (06 Oct 2006):

15 Aug 2006 was used as the reference point for the comparison, as it was the date when the 3 groups started to go different ways:

1. The China Stock Group (Black, comprising the Prime Partner's 25 China Index Stocks) had bottomed up and is testing its current resistance level;

2. The Precision Plastic Group (Blue) has been rising. The more outstanding ones are Meiban (Bullishness 25, Bearishness 8) and Hi-p (Bullishness 29, Bearishness 11).

3. The China Pharma Group (Red) continued to fall. In this group, Star Pharm had made a noticeable recovery towards the last couple of trading days but the volume was low.

PrimePartner's China Index Components (29 Sep 2006)

PrimePartner's China Index Components (29 Sep 2006):

Their Group Average Price and Group Total Trade are shown in Charts 1 and 2 respectively:

(Click to enlarge view)

As a group, their Group Average Price has been range-bounding recently, and is currently at its resistance level (Chart 1 above) with Group Total Trade declining (Chart 2). Although only the first few stocks have been bullish in the past 2 weeks, there could be hidden gems among them waiting to be discovered in the near future:

beauty china holdings limited (sgd)
cosco corporation (s) ltd (sgd)
pine agritech limited (sgd)
sp chemicals ltd (sgd)
sinomem technology limited (sgd)
midas hldgs limited (sgd)
people's food holdings limited (sgd)
asiapharm group ltd (sgd)
celestial nutrifoods limited (sgd)
fung choi media group limited (sgd)
china merchants hldgs(pacific) (sgd)
china paper holdings limited (sgd)
cht (holdings) ltd. (sgd)
united food holdings limited (sgd)
bio-treat technology limited (sgd)
ferrochina limited (sgd)
fibrechem technologies limited (sgd)
china sun biochem tech gp co. (sgd)
china petrotech holdings ltd (sgd)
china dairy group ltd (sgd)
memtech international ltd (sgd)
delong holdings limited (sgd)
china flexible pack hldg ltd (sgd)
full apex (holdings) limited (sgd)
united envirotech ltd (sgd)

Note: The stocks were assigned equal weightings in the above computation.