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UniEnvtech fell to 44 cents just after the opening . if the 44 cents level still could not provide support for a further rebound , then another dowmside target is at around 37 cents .
Bintang ( Date: 01-Oct-2009 21:13) Posted:
Hi IreneL , UniEnvt is overstretched , since it moved up from 22 cents last week n closed at 37.5 cents on last Friday . It took few trading days to surge a 41 % without any correction , n again it continued its upward journey starting this week with a weekly gap up ,this was a mid-way gap , so if measure from this gap , we could get the projective target of 54 cents [ 38.5+(37.5-22)=54] . Therefore all short n long term targets have been achieved , there is only one way to go ----south . If we still hope for a strong upsurge is really unrealistic . I called for setting stop-loss protection several times , n it still went up for us to cut losses at around 10 % from the peak in today 's trading (52cents) . And to remind again , if the price fall below 45.5 cents which is the end of the long shadow of the hanging-man , all long positions must to be closed , because the downtrend is mostly confirmed .
IreneL ( Date: 01-Oct-2009 19:30) Posted:
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Bintang
Thank you very much. In your TA analysis, do you see any upside in United Envirotech? I am sure there are many investors who have bought in on the high side and would be glad to know when there would be a northwards breather.
Today's such a lousy day for the stock despite its strong fundamentals. |
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wat a revival!.. 47.5 :)
i q-ed 39 neva get lei.. :(
pls do so if u can..
i'm waiting to buy more..
buylist ( Date: 02-Oct-2009 09:06) Posted:
| Let's short it down to 30c.... |
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My exact sentiments!
ozone2002 ( Date: 02-Oct-2009 08:58) Posted:
OHL settled with Citi..
The man is back! |
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Let's short it down to 30c....
OHL settled with Citi..
The man is back!
Sorry that is a surge of 70% in a few days .
Bintang ( Date: 01-Oct-2009 21:13) Posted:
Hi IreneL , UniEnvt is overstretched , since it moved up from 22 cents last week n closed at 37.5 cents on last Friday . It took few trading days to surge a 41 % without any correction , n again it continued its upward journey starting this week with a weekly gap up ,this was a mid-way gap , so if measure from this gap , we could get the projective target of 54 cents [ 38.5+(37.5-22)=54] . Therefore all short n long term targets have been achieved , there is only one way to go ----south . If we still hope for a strong upsurge is really unrealistic . I called for setting stop-loss protection several times , n it still went up for us to cut losses at around 10 % from the peak in today 's trading (52cents) . And to remind again , if the price fall below 45.5 cents which is the end of the long shadow of the hanging-man , all long positions must to be closed , because the downtrend is mostly confirmed .
IreneL ( Date: 01-Oct-2009 19:30) Posted:
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Bintang
Thank you very much. In your TA analysis, do you see any upside in United Envirotech? I am sure there are many investors who have bought in on the high side and would be glad to know when there would be a northwards breather.
Today's such a lousy day for the stock despite its strong fundamentals. |
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Hi IreneL , UniEnvt is overstretched , since it moved up from 22 cents last week n closed at 37.5 cents on last Friday . It took few trading days to surge a 41 % without any correction , n again it continued its upward journey starting this week with a weekly gap up ,this was a mid-way gap , so if measure from this gap , we could get the projective target of 54 cents [ 38.5+(37.5-22)=54] . Therefore all short n long term targets have been achieved , there is only one way to go ----south . If we still hope for a strong upsurge is really unrealistic . I called for setting stop-loss protection several times , n it still went up for us to cut losses at around 10 % from the peak in today 's trading (52cents) . And to remind again , if the price fall below 45.5 cents which is the end of the long shadow of the hanging-man , all long positions must to be closed , because the downtrend is mostly confirmed .
IreneL ( Date: 01-Oct-2009 19:30) Posted:
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Bintang
Thank you very much. In your TA analysis, do you see any upside in United Envirotech? I am sure there are many investors who have bought in on the high side and would be glad to know when there would be a northwards breather.
Today's such a lousy day for the stock despite its strong fundamentals.
Bintang ( Date: 01-Oct-2009 13:36) Posted:
| Hi IreneL ,I m only reflecting what the charts are going to indicate to the investors , but in actual fact , not many investors willing to respond when the charts are showing the directional signals .Even though they know the charts well , but disciplinary actions have not been taken . So now mindset plays a very immportant role in the market . Regardless contra players or long term investors , TA or charting is a good tool to guild them all the ways into the profitable positions |
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Sometime things are weird. When all are earning money, some people will not appear.
But when a reversal happen, these people appear to ask for sell.
Is it a plot???
All i can say is don't depend on others, see & study yourself. As maybe someone is playing shorting.
Remember buy those with good FA, the chances of falling badly is not much compare to those speculative stock like dealer say.
Don't follow people blindly.
Trade with care forum folks.
zhanshen
Bintang
Thank you very much. In your TA analysis, do you see any upside in United Envirotech? I am sure there are many investors who have bought in on the high side and would be glad to know when there would be a northwards breather.
Today's such a lousy day for the stock despite its strong fundamentals.
Bintang ( Date: 01-Oct-2009 13:36) Posted:
Hi IreneL ,I m only reflecting what the charts are going to indicate to the investors , but in actual fact , not many investors willing to respond when the charts are showing the directional signals .Even though they know the charts well , but disciplinary actions have not been taken . So now mindset plays a very immportant role in the market . Regardless contra players or long term investors , TA or charting is a good tool to guild them all the ways into the profitable positions .
IreneL ( Date: 01-Oct-2009 12:34) Posted:
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Hi Bintang
I am impressed with your charting expertise. Would'nt your "sell signal" be referring to contra players rather than long-term investors? Pardon my ignorance. |
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Actually should say take care all stock holders instead. The drop is for all.
Seems things don't look good for all currently. No sense of direction ..........now.
Try hold those with good FA (maybe like this one). Speculative (even got good TA), better dump now.
As it may takes time to recover.
time to move on to other liao.......wait for chance to come back...if you like water stock...cx under my posting...i m into other water stock liao..........suppose to hold this for long.......some how the purchase of AWT......gives me a funny feeling ....finally decided to dump all..............take care fellow untdenviro....supporter...remember never fall in love with your stock ...time to leave....leave....there r better one out there......happy trading cheers.............
Chances to go back to above 50 cents is slim . May be the rebound is over . Then wait for the key reversal .
m0shii ( Date: 01-Oct-2009 17:04) Posted:
| bintang....hopefully tom k regain at 0.500 or above....highest i guess 0.545. All red this few days damn scary... |
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China & Hong Kong not trading today. So no sense of direction for alot.
looks like the dumping continues.. pump n dump by the BBs
I really hope so too...I see all red see till no eye see le. 
m0shii ( Date: 01-Oct-2009 17:04) Posted:
| bintang....hopefully tom k regain at 0.500 or above....highest i guess 0.545. All red this few days damn scary... |
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bintang....hopefully tom k regain at 0.500 or above....highest i guess 0.545. All red this few days damn scary...
Bintang
Got it, thanks, will trade with care.
Hi IreneL ,I m only reflecting what the charts are going to indicate to the investors , but in actual fact , not many investors willing to respond when the charts are showing the directional signals .Even though they know the charts well , but disciplinary actions have not been taken . So now mindset plays a very immportant role in the market . Regardless contra players or long term investors , TA or charting is a good tool to guild them all the ways into the profitable positions .
IreneL ( Date: 01-Oct-2009 12:34) Posted:
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Hi Bintang
I am impressed with your charting expertise. Would'nt your "sell signal" be referring to contra players rather than long-term investors? Pardon my ignorance.
Bintang ( Date: 01-Oct-2009 11:29) Posted:
| Hi raymond , UniEnvt made a rebound to 52 cents recently , n now it heads down to 47.5 cents . The technical rebound may has completed , if today closing price is below yesterday's low at 45.5 cents , then yesterday's candle stick was confirmed to be a hanging-man . This is a sell signal |
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Hi Bintang
I am impressed with your charting expertise. Would'nt your "sell signal" be referring to contra players rather than long-term investors? Pardon my ignorance.
Bintang ( Date: 01-Oct-2009 11:29) Posted:
Hi raymond , UniEnvt made a rebound to 52 cents recently , n now it heads down to 47.5 cents . The technical rebound may has completed , if today closing price is below yesterday's low at 45.5 cents , then yesterday's candle stick was confirmed to be a hanging-man . This is a sell signal .
Bintang ( Date: 01-Oct-2009 11:28) Posted:
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