Celestial   

worth going in

inverted head and shoulders lah.

sorry. no mood to explain to u.

my SPC sucks big time!!!

 

Re: For short term only

Any TA guys seeing a double top forming, with a higher high 14 days RSI but lower high price compare with the previous high$1.82 created with a Doji yesterday ???

Possible for short term shorting.

regards

 

extract from CIMB...

"Discount to industry peers unjustifiable. Celestial?s most direct comparable listedon the SGX is Pine Agritech. Celestial is cheap (10.4x CY07 P/E) relative to PineAgritech (16.3x CY07 P/E)."Celestial?s most direct comparable listedon the SGX is Pine Agritech. Celestial is cheap (10.4x CY07 P/E) relative to PineAgritech (16.3x CY07 P/E)."

so if this is true, it's either PineA got to come down on the valuation, or Celestial to be re-rated higher... hehehe... I will prefer the 2nd choice ... hahaha...

 

I m vested at 1.72. It's previous high was 1.81. Currently trading on heavy volumes. I'm prepared to hold for the medium term for its fundamentals. I remembered I bought Pine Agri at 0.70 and the price shot up to 2.50 within a year. Celestial has the lowest PE/ R among its peers. Soybean market is huge in China which is promoted as nutrition to the mass population

 

giantlow, I am not an expert on shape formation. But just curious, if really H&S like what you said, what is the targeted px?

 

hi GiantLow, what is an inverted H&S?. Could you demostrate with the chart?. Thanks

 

hey hey lucky168



wasted man. i am not vested in Celestial. all the stocks that i like but not vested all go up. grrr. eg seksun, chartered, HTL and now celestial. maybe it becos i am  not blinded by greed/fear bah.



my take on celestial. previously, there was a inverted H&S and the price has already shot up correspondingly. anymore upward movement would be based more on FA rather than TA. I am still positive on this counter but would only recommend an entry at about 1.63 to 1.65

 

$1.8 does not come in a straight line...

current $1.7 does look a bit stretch, so hope it can rest a while b4 resuming the journey...

Happy trading!

 

giantlow, dbs recent report give it a target of $2, but I always give a 10% discount to their targeted px as a safety net...

 

great post  lucky168,

the thing is that i am not sure now much higher can Celestial go?

 

Goodness, the soyabean future markets up by US$15.25 per bu.

Wow, the celestrial and Pine Agri will be shooting rocket high today. Wait and see.

 

giantlow, I hope you will not use the CFD unless you are very sure of how it works... it's always human nature to lament on things like "... oh i missed this boat..", or "... I really wanted to buy (this..) before...", etc..

But why keep thinking of the past? Stay focus and ask yourselves if those stocks are "early" miss or "late" miss?

When KeppelCorp rose from $3.50 to $4.00, some will complain about the "loss" of 50cents of not buying "early". But they will not realise that if they had not even entered at $4 then, they would not have enjoyed the expotential rise of this stock.

Happy trading!

 

Celestial is looking bullish!

 

em. giantlow. when you buy a stock, it's a gamble already. a warrant is a gamble on a gamble.

you don't have to triple jeopardy and buy warrants on a CFD, really.... unless you're _that_ wealthy/heck care....

just a thought...

 

celestial is my favorite contra play. it helped me made 5K the other time. i just opened a CFD account with POEMs. not quite sure how to use it yet. dun think they allow CFD on warrants too

 

ipunter, would like your opinion on another counter actually: osim.

worth a quick play? market overreacted to it on thurs. so logic follows that there'll be a small rebound. candlesticks and rsi up (incidentally, rsi is the most accurate indicator of this counter on backtests), but A/D and C/O very down. do post there if you have time, thanks!

 

The beauty of the stock market is that it is always there, and 'trading opportunities' are ceaslessly coming into existence as one is 'missed'. By the way, in reality, the stock market is actually "people personified".

 

The beauty of the stock market is that it is always there, and 'trading opportunities' are ceaslessly coming into existence as one is 'missed'. By the way, in reality, the stock is actually "people personified".

 

last week was guessing a trend reversal to positive, that's confirmed this week, but appears to have some weakness. some selling off these last few days: your c/o and a/d have actually dropped for the last 3-4 days, tho from mid jan onward it's a rise.

are you contra-ing or longer term? if the latter, wait and see first.

aiyah. no sense regretting. the one that got away is always bigger. focus on what is real. ie, the actual profit/loss in your hands, and what you are going into next.

after all, for every one that you missed/exited too early, there's one that you ran right from.

 

Why don't you open a CFD account?