
https://site.recognia.com/recognia_news/serve.shtml?page=event& eid=SGvu1mAAWJGQAegABAACAAAD6CRg& lang=en
Soup Restaurant Group Ltd forms bullish " Ascending Continuation Triangle" chart pattern
Oct 25, 2013
Recognia has detected an " Ascending Continuation Triangle" chart pattern formed on Soup Restaurant Group Ltd (5KI:SGX-ST).
This bullish signal indicates that the stock price may rise from the close of 0.26 to the range of 0.30 - 0.32.
The pattern formed over 16 days which is roughly the period of time in
which the target price range may be achieved, according to standard
principles of technical analysis.
Tells Me: The increasingly higher lows and constant highs within
this pattern tell us that buyers are more aggressive than sellers,
confirmed by a breakout through a resistance level to signal a
continuation of the prior uptrend. An Ascending Triangle, with its
increasingly higher lows and constant highs, indicates that buyers are
more aggressive than sellers. The pattern typically forms because a
supply of shares is available at a certain price, represented by the
upper flat line. When the supply depletes, the shares quickly break out
from the top trendline and move higher.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
|
|
Don't worry the company will hold one big bag to buy from you on the way up if you not keen to hold anymore
They are the biggest CKs now here...When their mood is good, they do spending spree and the value goes higher
Meanwhile, prepare for Cks surge tomorrow on this one ....285 must be hit and it shall be......Stay tune
jomini ( Date: 27-Oct-2013 13:26) Posted:
|
Price/Book (mrq):      4.72
Profit Margin (ttm):      9.13%
Operating Margin (ttm):      0.29%
Return on Assets (ttm):      0.26%
Return on Equity (ttm):      16.85%
Qtrly Revenue Growth (yoy):      1.00%
Qtrly Earnings Growth (yoy):      -86.70%
Net asset value per ordinary share: 5.26 cents
theres no such thing. ultimately someone has to hold the bag for u to sell. just hope u re not the last guy
Pauperman ( Date: 25-Oct-2013 23:20) Posted:
|
PapaSmurf ( Date: 24-Oct-2013 09:06) Posted:
|
danytan ( Date: 26-Oct-2013 12:13) Posted:
|
don't look like a good time to buy :-( more like opportunity to sell :-)
Pauperman ( Date: 25-Oct-2013 23:20) Posted:
|
HopeHope ( Date: 25-Oct-2013 23:11) Posted:
|
Enough said... vested and waiting with happiness when soup boils to 30c and beyond.
Huat ahhh!!!
alantz ( Date: 25-Oct-2013 21:33) Posted:
|
This one imperial premium yummy SCOOBY soup.
Take some time to smell the roses.
Then make more n hv more roses:)))

 
This will contribute to huge increase in year end revenue and hopefully more cash to do company share buy back :))))
HopeHope ( Date: 25-Oct-2013 21:57) Posted:
|
Celebrate at the Restn for the gain. More biz for the co n hopefully gd dividend too:)
If you look at the price actions and the volume, the volume is getting higher and higher despite no company share buy back from 23 -25 October. The price range is very narrowed averaging around 25 with increasing volume for past 3 days.
Today morning opened at 24.5 instantly and rally rapidly towards 26 before losing steam and listless throughout the day in  a day of deep red in local bourse. Just when it is very likely that it may close at 24.5 , the buy up started from 420pm with big buy queue and sudden interest in this stock all the way to closing. It could have close at 26 day high but for some reason could be due to charting, closes at 25.5
It obviously stands out itself from a sea of red.
Till now there is no announcement of company share buy back. Looks like someone is trying to gain control of the company by scooping up shares.
255 696          260 324
250 362          265  145
245 469          270 448
240 210          275  390
235 256          280  184
230 188          285  104
225 255          290  280
If this kind of momentum persists on Monday. we could probably see a breakout of its high 27 with high volume towards 30.
 
![]() |
08.10.13 | 0.215 | 0.225 | 0.210 | 0.225 | 724 |
![]() |
09.10.13 | 0.215 | 0.225 | 0.200 | 0.200 | 2,005 |
![]() |
10.10.13 | 0.205 | 0.220 | 0.205 | 0.215 | 639 |
![]() |
11.10.13 | 0.225 | 0.225 | 0.220 | 0.220 | 228 |
![]() |
14.10.13 | 0.215 | 0.225 | 0.210 | 0.225 | 330 |
15.10.13 | Market closed | |||||
16.10.13 | 0.220 | 0.230 | 0.220 | 0.225 | 1,008 | |
![]() |
17.10.13 | 0.225 | 0.235 | 0.225 | 0.230 | 1,224 |
![]() |
18.10.13 | 0.230 | 0.255 | 0.230 | 0.250 | 1,824 |
![]() |
21.10.13 | 0.245 | 0.250 | 0.240 | 0.240 | 424 |
![]() |
22.10.13 | 0.240 | 0.245 | 0.230 | 0.245 | 762 |
![]() |
23.10.13 | 0.255 | 0.270 | 0.250 | 0.250 | 2,114 |
24.10.13 | 0.255 | 0.255 | 0.245 | 0.250 | 820 | |
![]() |
25.10.13 | 0.245 | 0.260 | 0.245 | 0.255 | 1,311 |
Candlestick: Bullish Engulfing | Long |
Candlestick: Bullish Engulfing |
Pauperman ( Date: 25-Oct-2013 17:29) Posted:
|
You may do so if that gives you pleasure of in and out in and out
LOL
HopeHope ( Date: 25-Oct-2013 19:42) Posted:
|