It is good to be back and be able to download my data for chart reading.
GENETEC (0104) : It has been beaten down so badly for the past 10 months I think many traders were caught and worse still those that “Average Down”their prices. Lately it has shown some accumulation is on going and Chartwise it has established a “Bullish Divergence” which mean a strong technical rebound is at the corner. It is trading inside the “Rectangle” from $1.02 to $1.10, collecting now offer a low risk buy if one willing to Stop Loss below $1.02. Immediate support adjusts to $1.05/$1.03 with strong support at $1.02. Due to the Bullish Divergence I anticipate it to retest $1.10 and if break above it is expected to $1.15/$1.20/$1.25 and possible target of $1.30. ( Note: It is still a Bearish Counter so I am collecting for a strong technical Rebound).
KTC (0180) : It hit a low of $0.265 on 25/05/2016 which was the same low it hit on 14/12/2015 forming what we refer as “Double Bottom” pattern. Today it tried to break above its long term downtrend resistance line at $0.34/$0.345 but the volume just wasn’t big enough to break out convincingly. Immediate support adjusts to $033/$0.31,A break above $0.345 it is expected to test its immediate resistance at $0.355/$0.38 and possible target of $0.40. I would stop loss if $0.30 is violated as the next strong support is at $0.265.
DISCLAIMER: The above information is NOT a recommendation to buy or sell stocks. They are only for sharing and educational purposes only. Any trade that you undertake as a result of the above information is solely at your own risk. Please consult your own investment advisor before undertaking any investment decision.
The Board of Directors of Genetec wishes to announce that the Company intends to seek its shareholders’ approval for the following at the forthcoming Eighteenth Annual General Meeting of the Company to be convened:
(i) Proposed renewal of shareholders’ mandate for existing recurrent related party transactions of a revenue or trading nature (“Proposed Renewal of Shareholders’ Mandate”); and
(ii) Proposed amendments to the Articles of Association of the Company ("Proposed Amendments").
A circular and the Annual Report 2016 containing details in relation to the Proposed Renewal of Shareholders' Mandate and Proposed Amendments respectively will be circulated to the shareholders of the Company in due course.
Last April should making profit...i am so tamak.. buy at 1.35 and sell at 0.99, now going down to ground and still deep to reach...... luckly sell it before loss more... and i am no more holding this stock.... think twice before buy this counter..
Lau Sai company , dropping day after day after merged 10 became 1in the name of consolidation n to uplift into a blue chip co as suggested. Sadly nothing come true . Instead it plays the opposite.
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....
miracledy
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Posted by miracledy > 2016-06-02 10:28 | Report Abuse
Upsidedown119 : recommendation stock Skpetro & Armada