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STX OSV Holdings (SOH SP) – BUY
 
 
Last price: S$1.245
 
Resistance: S$1.35
 
Support: S$1.16
 
 
 
We call a technical hold from buy on 1 Aug 11 as our previous profit target of S$1.57 has been met and risks were high to continue holding for the next upside target then. As the market tanked, this stock appears to be resilient and staged a strong rebound in the last trading session. At this juncture, it is a technical BUY with a target price of S$1.35 as a rebound play on an immediate basis. A minor resistance appears at S$1.28. CCI has just turned up from oversold levels but however, MACD has dip below the centreline. Alternatively, investors may consider exiting their longs at S$1.16.
 
Usually, when the prices go up eventually for many to break even,
            these people will not sell, because by that time, the mass sentiment
                  will be so bullish that everyone is 'bullish all over', thus tending
                                      to buy rather than selll...

iPunter ( Date: 14-Aug-2011 21:45) Posted:
When it reasches 1.40+, will you be happy to sell it off?...
bishan22 ( Date: 14-Aug-2011 21:40) Posted:
Should be happy if it can reach 1.4+ again.   |
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Going back to placement share price of $1.33 cents should be no problem!
When it reasches
1.40+, will you be happy to sell it off?...

bishan22 ( Date: 14-Aug-2011 21:40) Posted:
Should be happy if it can reach 1.4+ again.   |
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Should be happy if it can reach 1.4+ again. 
I saw an analyst report that say expect good result but profit drop..and with parent doing badly and oil price getting lower, think market will price this lower....hope there is no cancellation of contract.......
Anyone noticed the income tax expense which " eat" away their profit? 
a gentle reminder to those intend to play short term in this ship on monday..
it's better to take some (if not all) profit coming monday..
us markets are hitting resistance soon (especially S& P's nearing the 1200-1220 zone)..
5 dvd is solid but its parent company stxpo is in deep shit.. (it might not affect stxosv performance but imagine if genting berhad is facing financial prob.. u think genting singapore will be spared?)
Profit for the period drop 20%......bad result......
operating profit increase, revenue decrease.
results looks pretty good to me.
I will hold on.

michgemini ( Date: 12-Aug-2011 16:25) Posted:
Hold over the weekend....or sell now? |
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Hold over the weekend....or sell now?
wow recover so fast at 1.28 liao..gd sign,esp the results will boost it to clear 1.30
Bintang ( Date: 12-Aug-2011 10:33) Posted:
If to clear $1.27  , next stop is $1.36 .
Bintang ( Date: 11-Aug-2011 17:13) Posted:
Although STXOSV broke support today , it rebounded back to close at its highest at $1.245 . Short term resistance would be at $1.27 |
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If to clear $1.27  , next stop is $1.36 .
Bintang ( Date: 11-Aug-2011 17:13) Posted:
Although STXOSV broke support today , it rebounded back to close at its highest at $1.245 . Short term resistance would be at $1.27 .
Bintang ( Date: 10-Aug-2011 16:45) Posted:
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Reporting earnings on 13/8.
It would go up to fill the gap at $1.35 n would   touch 50MA at $1.36 in the near term .
susan66 ( Date: 11-Aug-2011 17:12) Posted:
Thanks Bintang, I don't dare to buy so low this morning but entered at $1.185 & $1.215, close high $1.245 today! 
Bintang ( Date: 10-Aug-2011 16:45) Posted:
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Don't worry, really bounced back. I start to buy today again.

EdwardLiu ( Date: 10-Aug-2011 18:30) Posted:
Q this burger at 1.27 after lunch. Tot nust likely cant get, if got still good buy.
Went out for meeting. Come back after market close, cant believe it. 1.18.
Hope tomorrrow bounce back. |
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Although STXOSV broke support today , it rebounded back to close at its highest at $1.245 . Short term resistance would be at $1.27 .
Bintang ( Date: 10-Aug-2011 16:45) Posted:
Support is at $1.18
pointer ( Date: 10-Aug-2011 15:59) Posted:
Hi Bintang,
Benefit of hindsight - If the overall market sentiment is negative, STXOSV will not be spared as well |
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Thanks Bintang, I don't dare to buy so low this morning but entered at $1.185 & $1.215, close high $1.245 today!

Bintang ( Date: 10-Aug-2011 16:45) Posted:
Support is at $1.18
pointer ( Date: 10-Aug-2011 15:59) Posted:
Hi Bintang,
Benefit of hindsight - If the overall market sentiment is negative, STXOSV will not be spared as well |
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