ST Engineering    Last:7.51    -0.08

ST Engg

Sifu sporeguy. the TA analysis u stated previous time , using MA Xover is using 4 & 34 right, it seem now it is not right time to enter yet, it is on way downtrench, perhap should be the last down wave, n it then will be up ward. well all forum members must  try be happy n it will brighten our life n our  luck.

 

Hope it will continue where it was after the dust settle..

 

singaporegal,

I still believe that the TA charts were indicating a positive trend a week ago. However, the big market selldown this week had too strong an influence on almost every counter.

It was just bad timing eh?

 

Support was supposed to be at $3.28. Hope it goes above. The overshot could be due to 28Feb07 Man Jiang Hong.

 

singaporegal,

Thanks for your advise.

Yes, certainly looks like it.....i.e. downtrending. Already picked up the shares....and looks like will be held for medium term.



Win some....lose some....long term, still think its OK....from FA point of view.

 

Hi shplayer,

Sorry to say this but I think its on a downtrend now. The charts look weak to me now. I think the market sentiment yesterday spooked most counters and ST Engineering is no exception.

 

singaporegal,

My 'long term' holdings cost is about $2.00....collected lots of divvy already.

My recent 'punt' cost is 3.36....looks like this may have to be added to my 'long term' holdings...he he he.



elf,

You are right...if war breaks out in Iran, oil price will shoot up...refined oil will be in demand. ST Eng....big opportunity to sell weapons and ammo.

 

think STE likely to do an SPC. ie, range bound and yoyo up and down til a couple of weeks prior to its XD date....



anyhow, this is a good FA counter. if you're holding it long term, shouldn't get distracted by the day to day movements. (not unless it does a drastic drop of course). but in the event of war, SPC and STE are your hedges when all else are dropping. hehe.  

 

Hi shplayer,

What price did you buy at?

 

singaporegal,



Whew!!!! Yah lor!!!!  But always, at the back of my mind, I knew I learnt my TA from the MASTER, so had the confidence that things will turn out well.



In the event TA reading dosen't turn out as expected, I always had divvy to back me up...... my kiasu brand of TA....ha ha.

 

Vol of 18 000 lots as an indicator to sell.

 

This stock has been in momentum play since 24th Jan between 3.32 - 3.42.  IMHO the up trend has subsided since 6th Feb as indicated by the ADX so if you are playing the range, its a good time to SHORT or TAKE profit and look at the 3.32 to do it again.

 

Repost for easy ref :

elfin's post :Citigroup's price target is 3.92, dated 15th jan.

Sporeguy's post : Next ht is is 3.85-99 .

 

Hi shplayer,

You must be relieved.... hahaha.... corrected upwards as expected....

Large price change with small volume is not sustainable.

 

Going pretty bullish this morning opening with a gap at 3.38 and has not look back since.  Now just cross 3.40 resistance at 3.42 with 5 lots.

 

stevenkoh1981,



I not sifu lah...like everyone else here, just trying to make a buck......and share what I know.



Also, I am not conversant in reading dips and trends. Only recently I am trying my hand at some TA (singaporegal's brand)...not to replace, but to complement my FA.



As for STE's interim divident...yes, it was announced in their FY06 results....so your analogy could be right... the introduction of interim divvy will probably cause a change in the timing and intensity of the dips. That is only logical.

 

I suppose this share will not dip but will be in stable position maybe it will uptrench bcos St Engg Dividen will be given twice a yr, inother word after given out the Div, later abt half mth it will announce the 1st H result following by declare the 2007 1st H dividen.

Our Sifu Shplayer can pls advice it, tks

 

The dips started in Mar 2003, begining of Apr 2004, Mid Apr 2005, late April 2006. It seems the dips are getting later.

 

yep thanks s'poreguy, that tallies with my calculations of a sell in prob mid-late april.

am thinking there might be one dip before then tho...

if it should break below 3.30, sell or hold? i read 3.3 as the support level too.

 

Bollinger band is very tight (seen by Ipunter). The price should shoot up as supported by bullish market and timing of pass years : Sell in Mar/April and buy in June.