Granflo has breached her Channel Resistance with volume yesterday at 0.370. Technical Indicators are all Bullish, she is on board to ride on the bullish wave front, as the end of "D" tip may be beyond 0.4500 as estimated. Her free float is low near 600 millions , with good FA,: NTA near 0.280, PE near 10, accumulated profit near 45 millions vs share holder's fund of 32 millions, with 4 years earning growth exceeding 20% annually..... YES, IT IS an Excellent Stock. If High VOLUME CONTINUES today, This will be ONE OF my Darlings FOR TODAY ON BURSA TRADING.............
The Dow Future has gained 105 points to 16624. The US Dollar Index climbed 0.097 points to 81.608. Gold is trending higher 3.53 dollars to 1312.25. Silver is down 0.10250 dollars to 19.87000. The Dow Industrials advanced 91.26 points, at 16651.80, while the S&P 500 climbed 12.97 points, last seen at 1946.72. The Nasdaq Composite advanced 44.04 points to 4433.29. It is a positive and bullish day for Bursa
Good morning yong888. Like your new home!! And I see you are attracting quality and premium forumners. Ah, if you were a sweet gal like Connie, your new home would be inundated!!
You are welcome. Yes, there is no dispute that Sumatec is the TOP HOT counter in the past few weeks. Technically, it is very bullish , being supported aggressively with high volume. If you are only looking at the Chart(TA), I cannot predict really the TP or how high it may go......, it really depend on both the confidence level of Buyers and what the targets set by the Company Directors, being further boosted by the possibility of uplifting of her PN17 STATUS by September, 2014., ..Now, frequent News release and press conference seem to be the key for the driving force.
However, the downside is that the company is still in the PN17, Moreover, there is not much materials / substances on the Fundamentals, as I don't want to talk about her NTA, PE, Growth, financials, etc etc..... ...., which may agitate many Lovers /Supporters of Sumatec...
Yes, Sumatec is very good for Intraday trading if your timing is right,... I hv no doubt on that.......
Hi yong, how do u consider or read a share whether got volume or not? How many consider got volume? Sorry may be kindergarden question but I am too new.. Hehe.. Thanks for the last night write up...
for a proper calculation on the volume for that stock, we normally track its vol over 12 months,... deriving her daily ave, weekly ave, monthly ave....., from there we derive its norm volume for daily/weeky basis. This will also apply to the Price fluctuation over 12 months.....
Any counter with Volume exceeding 25% over its ave....with increasing proportions for consecutive 2-3 days, then we term that as High volume for that stock....
Are you shorting the Euros ? How does the EU economy perform near term ?
New dynamics are now entering the fray. Prior to this week, Capital Markets were beginning to buy into the next potential rate hike happening as early as Q4 from the BoE. A day and a couple of reports later, the market is focusing on the need for further stimulus to come from the ECB and BoJ. Sustainable volatility requires rate divergence and that is not just a tighter monetary policy. The potential for looser monetary conditions in the eurozone has all asset classes on tenterhooks - equities in the red, yields at record lows, gold prices rallying and a currency, contained by option barriers, trying desperately to underperform.
Dismal economic growth numbers for both Germany (-0.2%, Q2) and France (-0.0%) earlier this morning is sending equity indices deeper into the red and pushing German 10-year bund yields to trade below +1%, a new record low. This is a sure sign that the market is anticipating further stimulative action from the ECB. The weakness of regional economic growth in Q2 only heightens concerns with the overall growth outlook at a time when a rise in geopolitical tensions is going to have a material effect to downside risks. Germany, the supposed backbone of Europe, economically struggling could force the ECB to act faster.
Even a breakdown of France's GDP shows no encouraging signs. A rebound in consumer spending only seems to be correcting the fall in Q1, and more importantly, capital investment has fallen again. Structurally, France is in poor shape. Political fragmentation is struggling to implement policies and the market should anticipate any future EU talks to get tenser. For Germany, the weak GDP report could be attributed to some production being shifted to earlier months; nevertheless, for the supposed power horse of Europe, any material weakness has "knock-on" consequences throughout the region.
Eurozone data is either on balance or worsening, which would suggest that it could be the makings of a more prolonged downturn rather than a dip. A sustainable squeeze in growth in Europe or Asia could very much influence the Fed's own timing of higher rates. Expect the market to be paying close attention to Fed Chair Yellen's speech for hawkish tones at the Jackson Hole Economic Symposium in a few weeks. Dealers and investors need to get a sense of the Fed's current thought process.
What will the ECB do?
Collectively, the eurozone Q2 GDP (+0.0% vs. -0.2%) and final July HCIP (+0.4% vs. +0.4%) last night was less negative - wider downside misses were expected. The ECB has been adamant that they need to look at the first of the TLTROs, to be delivered next month to gauge whether they will be required to deliver further easing. Draghi will maintain that they euro policy makers do not need to be proactive, but rather take their time and assess the impact of June's easing package. The market could be looking at Q1, 2015 before any action from the ECB. Until then, investors and the market will be focusing and pining on whether euro growth/inflation worsens.
What of the Dollar?
The 18-member single currency (€1.3375) has, so far, come out of last night's eurozone's data rush somewhat intact. This would suggest that the market was probably positioned for more downbeat reporting - the weaker "short" EUR positions have been squeezed. Overall, the USD is expected to maintain broad support against the other major currency pairs with the greenback aided by divergence in growth, policy and yields. Even the dollar's supportive carry-with-yield differentials are moving in favor of mighty buck - in other words the USD is converting from a "funding" into an "asset" currency. Thus far, the EUR/USD continues to hold above its 2014 low of €1.333 with dealers noting option barrier defense at €1.3325 and €1.3300. Despite large "short" EUR positions leaving the topside vulnerable, the overall view remains bearish for the single-unit with range trading still preferred until the option barriers come off. It's only a matter of time before the year's EUR outright low will be taken out.
Japan: not left in the dark
Overnight data shows that Japan machine orders missed consensus (+8.8% vs. +15.9%) resulting in renewed stimulus talks. Earlier this week Japan was able to shrug the largely anticipated contraction in Q2 GDP, but the reaction to a miss in June machine orders figures and the government downgrade of the sector has had more of an effect. It has managed to push USD/JPY higher (¥102.45) with the market starting to believe that a consistent shortfall in leading indicators certainly brings a more proactive BoJ back onto the scene.
TA, this stock has a false bullish breakout over the last 5-6 trading days with RM 0.550 being the structural Resistance. Its trading volume is rather low till recent days. It has been hoovering near 0.480 on the average. Near term drastic movements is not expected unless RM 0.550 Resistance is being taken out convincingly with Volume. Its support is 0.4200.
FA: PE is near 25 , basing on RM 0.500 and EPS of RM0.02. Its Growth is rather weak at mere 5% over the last 3-4 years' operation, with 18 millions only as accumulated earnings(as at end 2013) vs the Share holder's fund near 80 million. NTA is near RM 0.600 .
I will not recommend any Buy or Sell Call on this stock Handal, I suggest you revalue it yourself prior to making any decision for longer term investment..
Of course I will day-trade it if any opportunity arises there off ...
US S&P 500 Futures..... A golden opportunities for traders once of a life time ????
From my chart you can see that we are only couple of months away from forming truly forming a generational "TOP" that really is unlikely to be retested for more than generation. In fact we might spend another 15 years or so cascading down before forming a lasting low at a level likely below 2009 low.
So the wind will change may be by Early Sept to late October with SP500 hitting 2000 zone and could spike into 2030 area.
Could the end of Tapering and prospect of rising interest rate be the catalyst? I wonder.
Likewise could Gold bottom by then?
Well for the trader this could be an opportunity of a life time.
As always, this is my interpretation of the price action. Be sure to do your own analysis before planning a trade.
I am not competing with TCB who are good analysts.
My trading style is different, either they are being Day-traded Or be my Long term investments which are classified as my Investment- graded babies.
So my approach to Chart studies is different from others, For day-traded stocks, i base on wave movements(UP or Down), and mass sentiments , with short time framed EW, and other Technical Indicators. I will post here regularly how to exploit All the best technical tools to enable efficient and profitable day trading and my stock pick criteria.
SYF has an failed attempt to breakout above 1.3000. The immediate support is near 1.150, and cut loss near 1.100 , which is the 23.6% Fibo retracement (100% = 1.280, 0% is near 0.550. ) As the free float is low near 650 millions , it can be a good intraday trading target. Technical indicators are positive , Its slight bullishness still intact. SYF is now in the Excess phase, which may be close to 1,3000 or going to hit its new peak near term , thereafter, its downturn may commence
I cannot predict its TP near term as I can't derive from the chart , its Fundamentals are still required further observation and significant improvement SINCE its present PE is near 20 (basing on EPS=0.06, AT 1.250), NTA=0.600, with erratic growth over the last 3 years. @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@, Ho hup and Ideal will be done tomorrow.
Meant no offence. I am mot comparing you to TCB. I am just very impressed with your detailed write-ups on just about everything and your comprehensive feedback and analysis on enquiries pertaining to trading and stocks.
Do take your time. Have a wonderful time moderating and presenting the online trading tech for the Academy at the Fx Asia Conference.
Technically, Ideal may have hit her Top near 0.7000, if you look at the chart where the Peak D is located., as we note that the divergence on both RSI and STO are now clearly displaced. Stop loss is at the 23.6% Fibo at 0.560 (0%=0.135 , 100% = 0.7000), You must be cautious as her down trend may commence sooner. I think that her Excess phase has almost reached. (I simplify the chart so that All readers can copy and implement them themselves later)
Ideal FA, as her NTA is 0.05, PE is near 28 (eps=0.025, price =0.700).
During this excess phase, a lot of attention should be placed on signs of weakness in the trend, such as strengthening downward moves. Also, if the upward moves start to show weakness, it could be another sign that the trend may be near the start of a primary downtrend.
Then the Distribution phase during downturn......
Happy trading
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 5911 views | 5 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
keithchan
367 posts
Posted by keithchan > 2014-08-14 02:48 | Report Abuse
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