Sell signals are out and may test supports at 0.53 and 0.51:
Saturday, October 20, 2007
China Engergy
China Engergy ($1.36, 20071019):
Its share price movement resembles that of Sino TechFibre (see below) with support at 1.29:
Its share price movement resembles that of Sino TechFibre (see below) with support at 1.29:
Sino TechFibre
Sino TechFibre ($0.885, 20080104):
Closed with 52-week low. Price action and all indicators are very bearish:
Closed with 52-week low. Price action and all indicators are very bearish:
Sino TechFibre ($1.27, 20071019):
Price crossed into the lower price band and touched the lower price line which served as a good support on last Friday. A sell signal had appeared recently and with the rapidly deteriorating indciators, it is expected to dip further below the support at 1.24 in the coming weeks:
Price crossed into the lower price band and touched the lower price line which served as a good support on last Friday. A sell signal had appeared recently and with the rapidly deteriorating indciators, it is expected to dip further below the support at 1.24 in the coming weeks:
Saturday, March 03, 2007
China Stocks (20070504)
China Stocks (20070504):
The two groups of China stocks continued to fall until they had finally found their support at Point B and they bounced off. The China "Hot" stock group seems to be consolidating (Point C) but are more likely to follow the main group:
The two groups of China stocks continued to fall until they had finally found their support at Point B and they bounced off. The China "Hot" stock group seems to be consolidating (Point C) but are more likely to follow the main group:
China Stocks (20070302):
The China Stock Group has turned downwards for the last 4 consecutive sessions, and the China "Hot" Stock Group, which is a subset of the China Stock Group, has hit a rather strong resistance and the Bearish M pattern has appeared. Expect more downside in the near future.
The China Stock Group has turned downwards for the last 4 consecutive sessions, and the China "Hot" Stock Group, which is a subset of the China Stock Group, has hit a rather strong resistance and the Bearish M pattern has appeared. Expect more downside in the near future.
Sunday, February 04, 2007
China Pharma Stocks (02 Feb 2007)
China Pharma Stocks (02 Feb 2007):
The Group Average Price did a double bottom on 20 Dec 2006 and rebounded (Point A below), rised rapidly to its resistance (Point B) and retraced. From the chart, if it is able to rebound and break above the resistance again, a Cup & Handle breakout formation can be expected.
China Pharma Group:
asiapharm group ltd (sgd)
reyoung pharm holdings limited (sgd)
c & o pharm tech (hldgs) ltd (sgd)
star pharmaceutical limited (sgd)
tianjin zhong xin pharm group (usd)
pharmesis international ltd. (sgd)
China Pharma Stocks (10 Nov 2006):
The China pharma group continued to underperform and had just broken the recent support (topmost darker horizontal line) and is currently testing the next lower one. If the current support is broken, the Group Average Price will fall further to test the next much lower support levels. For the time being, it is safer to wait sideline and observe the next move:
Pharma and Plastic Stocks (13 Oct 2006):
China pharma group (Red) may have found its base and is leveling off, while the Plastic group (Black) has inched up for the past week:
The Group Average Price did a double bottom on 20 Dec 2006 and rebounded (Point A below), rised rapidly to its resistance (Point B) and retraced. From the chart, if it is able to rebound and break above the resistance again, a Cup & Handle breakout formation can be expected.
China Pharma Group:
asiapharm group ltd (sgd)
reyoung pharm holdings limited (sgd)
c & o pharm tech (hldgs) ltd (sgd)
star pharmaceutical limited (sgd)
tianjin zhong xin pharm group (usd)
pharmesis international ltd. (sgd)
China Pharma Stocks (10 Nov 2006):
The China pharma group continued to underperform and had just broken the recent support (topmost darker horizontal line) and is currently testing the next lower one. If the current support is broken, the Group Average Price will fall further to test the next much lower support levels. For the time being, it is safer to wait sideline and observe the next move:
Pharma and Plastic Stocks (13 Oct 2006):
China pharma group (Red) may have found its base and is leveling off, while the Plastic group (Black) has inched up for the past week:
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