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In a bigger nutshell ..... think more upside than downside for now ..... just 2.5 cts worth .....
Seems to be on downtrend now
tech-wise, china en has been on downtrend since feb 6th. intraday is too volatile to do charting on, so i won't comment there.
however, your resistance is abt 1.07, support at 0.97. does not appear to have bottomed out yet.
pls note macro factor of being a china stock is likely to affect this counter's volatility a lot--capital controls. expect intraday movements of abt 8c on ave.
if sti is -ve , i will short this counter as there is sign of exhaustion buying
Where is the battery recharger?.....need to charge again....:)
Suddenly at the closing bell some BBs throw out 1,594,000 shares at $1.01, will it go down to below $1.00 by Monday. I think it depends on Monday 12/3/2007, whether STI goes up or down. TA / Fa gurus, any views???
Accumulating more
Today seems very dominated by the $1 category.
Another wise guy load up 1,600,000 shares at $1.04 .....
Can retailers beat the big guys ?
Wish got more bullets to load up more.
By the way, the chap who just bought up 1,000,000 shares ..... that's a cool $1.03 million man .....
Don't play play hor.
Ska-li this one also try to catch those who think they can short at this level and attemp to buy back later.
Better cover shorts now?
By the way, the above $1 category like SuntecReit and IndoFood swee swee hor.
I am not overly worried by the daily 1-2 bid swings. Afterall this is a $1 stock.
I hope it will return to at least $1.20 very soon.
Sometimes energy stocks movement can be decoupled from the rest.
Anyway, hope China Energy can make a revenge comeback.
"Yat Teng San"
1) Regained the $1 level
2) Seems like it's a "morning up, afternoon down" or "morning down, afternoon up" pattern
3) Now it's a little dip. Opportunity to catch the dip ?
4) Afternoon will turn up ?
Think this China Energy now looks good on the chart. Reversing upwards ?
Think certain $1 stocks are seeking a decent recovery.
China Energy's last high of $1.47 was a month ago ?
ChinaEnergy had breakout of $1.00 marks, is it the right time to invest in it? TA/FA gurus any views or suggestion?? Thanks.
But again, the IPO is 0.83, and the lowest price so far is 0.91.. looking at the price now 1.06... perhaps, first two days after IPO price is 0.935 & 0.965.. perhaps, u can enter later since the correction is still going on.
for power industry, I would prefer SP Ausnet.