hongguo, short term remains bullish and unaffected by todays massacare. target estimated at 68 with 65 as a resistence zone. alittle higher risk due to the weak market, but still tasty given the strength. worth a long until proven otherwise, but do take note of the spread as i believe is an issue considering the usual low volume historically.good evening,
all indices are in critical position, if it doesnt recover tml, short term trend will be bearish, not retracement anymore. many stocks are turning extremely weak, a portion already turned bearish, so be careful. tonight's performance by DJ will be key since they triggered weakness easiler then asia. turn from sideline to cautiously bearish if DJ remains weak, which i believe has a high chance.
in this pool of blood bath, i found 2 counters that still remains undisfigured, if there is such a word, haha. hongguo n rickmers. watch out for them tml, but i have to state this as a higher then normal risk long position due to current market weakness. review on hongguo is above while rick is at some posts back.
**btw, i will like to receive some opinions and recommendations as well**
**send me a comment if u wish a review to be done**
enjoy trading...Heiwa
3 comments:
Hi Heiwa,
Been following your blog since i started learning trading last month.
Thanks for your opinion on Sinostar, Chinaoilfield, Centraland and Rickmers.
As the saying goes, "Give the man a fish, he lives for a day" so perhaps you can share how you do your analysis..i see that you are seeing Chartnexus?
Regards,
Daryl
thanks for your fast updates !
Rickmers just finished financial reporting but didnt move much inspite of its report well received by analysts etc . maybe tmrrw .
Hongguo has been up the past 4 days already . Hard to believe it will move opp market sentiments but maybe it's also due for financial reporting ?
thanks much !
Oh by the way, perhaps you can consider analyzing AusGroup. Personally vested in this today.
Thanks!
Daryl
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