
As crude oil prices rise, alternative energy firms like Jiutian become attractive. Crude oil prices rose above US$109 per barrel as a fire at a European refinery stirred fresh fuel supply concerns. Analysts said crude oil was supported amid OPEC's refusal to raise production.
Once breakout. $0.20 is easy.
China Energy is up 100% fr its Mar low of $0.275. Pine Agri is up 115% from its Mar low of $0.13. Luzhou was up 56.25% from its Mar low of $0.16. Jiutian is only up 32% from its Mar low of $0.125. Jiutian has severely underperformed. It's time for it to outperform.
You will be able to witness $0.20 and above ...
Bollinger bands are very tight. Large price change may happen soon.
Other charts don't look very good. Acc/Dist and Chaikin down
stock split 1 for 5. At this price, it's 80 cents. Still higher than it's IPO price. Major shareholder has sold down shareholding. Upside will be capped in the short term.
Jiutian had been heavily sold down. I think you may see substantial short-covering.
tight range, waiting for breakthrough
The Chaikin and William seems to be heading south but noticed the price movement is quite strong and recent trading band is between 15.5 cents and 19 cents. Any TA care to analyse the trend ?
Got in 20 lots at 16.5c.
Queuing at 15.5c.
This stock may be poised to shoot to 30c.
This ctr now cheong from low of 12.5 cents. holding on those bought 1t 20 cents. dare not go it after seeing it falls for the past few weeks. Any TA comment on this ctr? will it go past 20 cents and reach for 60 cents? The vol is high yesterday and today.
yes made quite a bit from this company but lost all back now. After split it got worse and worse.
This is a shorted down ctr with no support. So go down and down.
Last friday there was "1 lotter" at work. Sell down 1 lot a time, @0.165 to depress price then buy up 100 lots @0.17.
Surely they intent to push up price next to sell off and take profit.
Its sad that a ctr can be manipulated like this.
hey, this jiutian company is exactly the one shot up high from IPO price to 1.30++ and kena stock split , right?
i thought this is a damn good company reviewed by all the funds managers?
what's wrong? cannot be just inflation, labor cost rising, and the company deserved to this price, right? all this issue is not new to us what..
wow this ctr drop again . now stuck at 0.20 cents . anybody can give the next 2 support levels?
went back in at o.20 today. Any TA view on this ctr.
bought 75 lots at average 0.6 plus and sold at 0.3 so that 50% down.
then bought 30 lots at 0.26. Sold off today and make a small lost as I think it will head further down tomorrow.
I noted the price range from about 0.21 to about 0.26 for the past month. very high resistance at 0.26 upward but I think it will cross when the market pick up.
I think easier to short then to long
Hi, tchoonw.
Does that mean if they don't have any script to loan out,
then you are on your own ?
Maybe the next time I go long, by buying first & then sell.
jimitan, how much paper loss u incurred?
cfd is contract for difference. This service is available if you have a Phillip Securities a/c. This is esentially for shorting for more than a day. I think the "Contra" period is about 7 days after which you have to pay a small sum for borrowing the script. Find out more in the Phillip Securities web.
Any TA care to shed some light on the movement of this counter. Bought at 0.62 and made a big lost when cut at 0.30. Then went in again at 0.26 some time back and was trapped till now. I'm hopping it can cross the 0.26 mark.
I think wat starline refers to is the SBL (share borrowing lending) meaning borrow scripts from SGX to short in market.