Sino-Env = $0.155 (Breakup yellowline....resistance at $0.20)
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Showing posts with label Sino-Env. Show all posts
Showing posts with label Sino-Env. Show all posts
Thursday, May 14, 2009
Sino-Env the only green among all the red
Sino-Env = $0.155 (Breakup yellowline....resistance at $0.20)
Wednesday, April 15, 2009
Chart of Sino-Env, Cosco, Asia Env, Biosensor, Chartered
Sino-Env=$0.20, called buy on 9 Apr at $0.155... reached yellowline at $0.205...take profit?
CoscoCorp=$1.05 (It will be positive if it can cross and stay above the yellowline....reinstate a buy
Asia Env=$0.13 Breakout?
Biosensors if breakout 200DMA.....
Chartered=$0.135 could challenge the $0.16 resistance
Thursday, April 9, 2009
Monday, April 6, 2009
Buy CapitaLand, Sino-Env; Sell China Essence
CapitaLand (CAPL SP; S$2.33) – BUY
• The stock has bottomed out in early Mar-09 and the breakout above its 30-day SMA is also positive. We expect it to re-test the trend line resistance at S$2.45 again but sellers are equally strong.
• Indicators continue to show signs of bullishness. MACD is still positive while the RSI has turned upward again. This should pave way for more room to the upside. Next resistance is seen at S$2.54 and S$2.62.
• Investors should accumulate during technical pullbacks as we fear that sellers at S$2.45 may cap near term gains. Initial support is at S$2.20 followed by S$2.07 (also its 30-day SMA). Cut losses if it inches below S$ 2.00.
CapitaLand Limited and its subsidiaries operate in residential and commercial properties, property fund management, and serviced residences. The Company also manages other properties.
Sino-Environment Technology (SINE SP; S$0.155) – BUY
• The recent pullbacks draw concern about the sustainability of its uptrend. However, yesterday’s spike up suggests that its recovery is still pretty much in place.
• Bullish divergence is seen on its MACD indicator. Also, RSI has turned upward again. There is a high possibility that it will retest the S$0.175 and S$0.21resistances soon. A successful breakout from its trend line resistance would result in gap-filling activities at S$0.295.
• Only aggressive investors should look at this stock. The bears may still hit the stock on strong rally. Support is at S$0.13. Buy on weakness. Cut loss point at S$0.125.
Sino-Environment Technology Group Ltd. offers industrial and municipal waste treatment services. The Company treats and manages industrial waste gas and industrial and municipal wastewater.
China Essence Group (CESS SP; S$0.095) – SELL
• The stock is still entrenched in its long-term downtrend channel. Having closed at a new 52-week low of S$0.095, it reflects that there is still room to the downside. Next support is weak at S$0.07 and S$0.055.
• Indicators are still weak. MACD dips further into the negative territory while RSI cuts into the oversold zone. Buyers are weak as the candlesticks deviate from the 30-day SMA.
• Investors should do well selling into strength, possibly near the resistance at S$0.12. Avoid this stock until a base-building formation is seen.
China Essence Group Ltd. processes potatoes. The Company produces potato starch, and potato starch-based products including vermicelli, five-grain noodles, and starch strips.
• The stock has bottomed out in early Mar-09 and the breakout above its 30-day SMA is also positive. We expect it to re-test the trend line resistance at S$2.45 again but sellers are equally strong.
• Indicators continue to show signs of bullishness. MACD is still positive while the RSI has turned upward again. This should pave way for more room to the upside. Next resistance is seen at S$2.54 and S$2.62.
• Investors should accumulate during technical pullbacks as we fear that sellers at S$2.45 may cap near term gains. Initial support is at S$2.20 followed by S$2.07 (also its 30-day SMA). Cut losses if it inches below S$ 2.00.
CapitaLand Limited and its subsidiaries operate in residential and commercial properties, property fund management, and serviced residences. The Company also manages other properties.
Sino-Environment Technology (SINE SP; S$0.155) – BUY
• The recent pullbacks draw concern about the sustainability of its uptrend. However, yesterday’s spike up suggests that its recovery is still pretty much in place.
• Bullish divergence is seen on its MACD indicator. Also, RSI has turned upward again. There is a high possibility that it will retest the S$0.175 and S$0.21resistances soon. A successful breakout from its trend line resistance would result in gap-filling activities at S$0.295.
• Only aggressive investors should look at this stock. The bears may still hit the stock on strong rally. Support is at S$0.13. Buy on weakness. Cut loss point at S$0.125.
Sino-Environment Technology Group Ltd. offers industrial and municipal waste treatment services. The Company treats and manages industrial waste gas and industrial and municipal wastewater.
China Essence Group (CESS SP; S$0.095) – SELL
• The stock is still entrenched in its long-term downtrend channel. Having closed at a new 52-week low of S$0.095, it reflects that there is still room to the downside. Next support is weak at S$0.07 and S$0.055.
• Indicators are still weak. MACD dips further into the negative territory while RSI cuts into the oversold zone. Buyers are weak as the candlesticks deviate from the 30-day SMA.
• Investors should do well selling into strength, possibly near the resistance at S$0.12. Avoid this stock until a base-building formation is seen.
China Essence Group Ltd. processes potatoes. The Company produces potato starch, and potato starch-based products including vermicelli, five-grain noodles, and starch strips.
Tuesday, March 17, 2009
DBS UOB still a Sell, so do Sino-Env
DBS Group Holdings (DBS SP; S$7.55) – SELL
• Since falling below its trading range of S$7.60 and S$10.30, the stock hit a low of S$6.42. It has now rebounded upwards to test the breakdown level of the said trading range at S$7.60. There is a cluster of resistance at the S$7.60- 7.78 levels.
• Continue to Sell on strength for now as the stock is less likely to breakout above the resistance cluster. The S$6.60, S$6.42 and S$6.00 levels could still be tested first before this downtrend ends. Only a breakout above S$8.00would negate this bearish outlook.
• Readings on the indicators are positive. MACD has confirmed its golden cross while its RSI is rising. There could a tad more upside but as long as the trend is still down, we would prefer to Sell on strength.
DBS Group’s principal activities consist of investment holding, banking and financing, the provision of mortgage financing, lease and hire purchase financing, corporate advisory services, nominee and trustee services, funds management services, stockbroking, primary dealership in Singapore Government securities, merchant banking, factoring, credit card and venture capital operations, and other financial services.
United Overseas Bank (UOB SP; S$9.35) – SELL
• From the looks of the chart, UOB is still bearish despite the sharp rebound recently. UOB is now rebounding to retest the S$10.00 psychological resistance and also the base of its previous trading range at S$10.50.
• The stock is now no longer oversold. MACD is positive but the momentum is not as strong as it should be. The MACD could possibly still do a rollover and head back lower from here. It is best to remain cautious for now.
• Hence, we are sticking to our Sell on strength call as the resistance at S$10.00 (gap) and S$10.50 are likely to cap gains for now. Only a breakout above S$10.50 would suggest that this downtrend has ended.
UOB provides a wide range of financial services through its global network of branches/offices and subsidiaries/associates.
Sino-Environment Tech Group (SINE SP; S$0.085) – SELL
• The stock gapped down sharply earlier in the month and this is usually a very bad sign. Any rebound should be seen as an opportunity to sell out. Resistance at S$0.15 is likely to be firm.
• The stock is still a Sell despite an oversold RSI. MACD has remained negative supports our view of selling on rebounds.
• Even though it appears to be a buy at currently perceived cheap levels, the risk of further downside is still high. Continue to avoid this stock as stale bulls selling would likely cap the upside.
The Group is an environmental protection and waste recovery solution provider in China. It specialises in the treatment, management and recovery of volatile organic compounds ('VOC') in particular toluene, from industrial waste gas.
• Since falling below its trading range of S$7.60 and S$10.30, the stock hit a low of S$6.42. It has now rebounded upwards to test the breakdown level of the said trading range at S$7.60. There is a cluster of resistance at the S$7.60- 7.78 levels.
• Continue to Sell on strength for now as the stock is less likely to breakout above the resistance cluster. The S$6.60, S$6.42 and S$6.00 levels could still be tested first before this downtrend ends. Only a breakout above S$8.00would negate this bearish outlook.
• Readings on the indicators are positive. MACD has confirmed its golden cross while its RSI is rising. There could a tad more upside but as long as the trend is still down, we would prefer to Sell on strength.
DBS Group’s principal activities consist of investment holding, banking and financing, the provision of mortgage financing, lease and hire purchase financing, corporate advisory services, nominee and trustee services, funds management services, stockbroking, primary dealership in Singapore Government securities, merchant banking, factoring, credit card and venture capital operations, and other financial services.
United Overseas Bank (UOB SP; S$9.35) – SELL
• From the looks of the chart, UOB is still bearish despite the sharp rebound recently. UOB is now rebounding to retest the S$10.00 psychological resistance and also the base of its previous trading range at S$10.50.
• The stock is now no longer oversold. MACD is positive but the momentum is not as strong as it should be. The MACD could possibly still do a rollover and head back lower from here. It is best to remain cautious for now.
• Hence, we are sticking to our Sell on strength call as the resistance at S$10.00 (gap) and S$10.50 are likely to cap gains for now. Only a breakout above S$10.50 would suggest that this downtrend has ended.
UOB provides a wide range of financial services through its global network of branches/offices and subsidiaries/associates.
Sino-Environment Tech Group (SINE SP; S$0.085) – SELL
• The stock gapped down sharply earlier in the month and this is usually a very bad sign. Any rebound should be seen as an opportunity to sell out. Resistance at S$0.15 is likely to be firm.
• The stock is still a Sell despite an oversold RSI. MACD has remained negative supports our view of selling on rebounds.
• Even though it appears to be a buy at currently perceived cheap levels, the risk of further downside is still high. Continue to avoid this stock as stale bulls selling would likely cap the upside.
The Group is an environmental protection and waste recovery solution provider in China. It specialises in the treatment, management and recovery of volatile organic compounds ('VOC') in particular toluene, from industrial waste gas.
Monday, February 9, 2009
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