It needs to breakout this level to give a clearer change in previous downtrend.Current 1 min chart shows support at .315/32.In my opinion it will break out from this level then test back .325 then kick up will give a target of 1st level of .40cts
Very Potential Stock. Record shows about 30% of the ACE counters do well and hence transferred to main board. They continue to do well. BioAlpha could be a star in future.
Lots of headwind in the market.Very difficult to gauge what the operator wants to do.It's still vulnerable to 0.29 if it breaks .305. I thought the support was rather strong during recent market weakness and that give rise to great possibility they will push.Unfortunately it doesn't come despite recent IPOs like sedania and xinhwa were having very nice rally.If the result in Aug doesn't tally with what management said,I guess downtrend resumes again then.
steady steady...... next week will be going up...... turn by turn.... some to today is T3.... monday is T3+1..... that y weak the counter..... tuesday or monday noon will come...
Perhaps I had been overly buliish and confident on this counter but it is not behaving what I expected it to be.For whatever reasons it behaves this way,I have to manage my risk.
annetan, support strong doesnt mean will go up. it only mean operator holding the price. for me in order to show operator are serious about bio is the 34 cent resistance is broken.
Pmi for China was out yesterday and seems to be the lowest in 15 mths,Yesterday a report stated there was a leak in the minutes from FED's mtg which is supposed to be confidential and was mentioned they forecast growth in US for the next few yrs would be weak!Don't discount a sharp drop in Dow when the data later on shows weak growth!
oh you all still inside bio ? already mention countless time, operator not inside bio. it is not in play. without operator, any technical indicator from chart also useless.
For those who believe this counter eventually will show good results,they just keep on accumulating and ignore any technical view.They ignore paper losses and hold for at least 5-6 yrs till they reap profit many times their cost.Those people are very patient people and they really make big money.Since the breakdown of it's trend line of .355 after listing,you can see the operator has really no intention of pushing up the prices in fact the reverse is true.Only they know what level they want to press down to accumulate for a long period of time before genuinely pushing up this counter.Every stock is like that,they need time to accumulate a lot before they eventually push.During the accumulation period,they just frustrate the stock owners
The neckline of earlier mentioned head and shoulder formation is already broken.From my earlier yrs of observation of this formation,it's very bearish and the target I look again today is 1461.It's very difficult to be exact as the lines are rather small.Of course,it doesn't go straight down and there will have intermitent rallies.
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New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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Annetan
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Posted by Annetan > 2015-07-21 15:30 | Report Abuse
It needs to breakout this level to give a clearer change in previous downtrend.Current 1 min chart shows support at .315/32.In my opinion it will break out from this level then test back .325 then kick up will give a target of 1st level of .40cts