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Hi maxcty , Olam has a good rebounce this morning to $2.65 , but pulled back to $2.60 at miday closing .If the up move would not accompany with greater volume , this rebounce would end very soon . Furthermore , there are gaps at $2.38 n $2.32 have not filled yet .
maxcty ( Date: 17-Feb-2010 13:18) Posted:
hi Bintang, nice for your view for SAR. always love to see your views. u mind sharing your view for Olam?
Bintang ( Date: 17-Feb-2010 13:05) Posted:
| Hi street81 , sorry for late reply . Straits Asia broke the 200MA recently but rebounded later . But its DIs have already negatively placed , n ADX is at 37 which is turning down now , thus if there is a rebounce , it may not reverse its down trend immediately . If the share price to fall below $2.02 which is at 200MA , the downtrend may resume again |
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hi Bintang, nice for your view for SAR. always love to see your views.
u mind sharing your view for Olam?
Bintang ( Date: 17-Feb-2010 13:05) Posted:
Hi street81 , sorry for late reply . Straits Asia broke the 200MA recently but rebounded later . But its DIs have already negatively placed , n ADX is at 37 which is turning down now , thus if there is a rebounce , it may not reverse its down trend immediately . If the share price to fall below $2.02 which is at 200MA , the downtrend may resume again .
street81 ( Date: 10-Feb-2010 22:48) Posted:
| Bintang, can share some insights on Straits Asia |
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Hi street81 , sorry for late reply . Straits Asia broke the 200MA recently but rebounded later . But its DIs have already negatively placed , n ADX is at 37 which is turning down now , thus if there is a rebounce , it may not reverse its down trend immediately . If the share price to fall below $2.02 which is at 200MA , the downtrend may resume again .
street81 ( Date: 10-Feb-2010 22:48) Posted:
Bintang, can share some insights on Straits Asia?
Bintang ( Date: 10-Feb-2010 20:48) Posted:
| Mermaid got a weak rebounce to 93.5 cents to fill a gap there last month , n with the reversal pattern formed , it came down so fast for five straight weeks to reach 63 cents recently . The 200MA has been broken down easily , if there would be a technical rebounce , then the share price would only move up to 70.5 cents to fill a gap there n touching the 200 MA as well |
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Hi,
Can anyone enlighten me the reason for Mermaid to crash from 93 cents to 64 cents in only One Month ? Thanks.
Bintang, can share some insights on Straits Asia?
Bintang ( Date: 10-Feb-2010 20:48) Posted:
Mermaid got a weak rebounce to 93.5 cents to fill a gap there last month , n with the reversal pattern formed , it came down so fast for five straight weeks to reach 63 cents recently . The 200MA has been broken down easily , if there would be a technical rebounce , then the share price would only move up to 70.5 cents to fill a gap there n touching the 200 MA as well .
Bintang ( Date: 27-Nov-2009 11:01) Posted:
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Very weak support is at 78 cents , breaking the support would only find another support at 71 cents . Finally the only support to this uptrend would be at 57 cents which is below the right-issue price at 64 cents . |
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Dear Bintang,
appreciate your suggests and took profits at 0.91, now is it time to buy in again if it can bounce up 0.70? still worth venturing? thanks
Mermaid got a weak rebounce to 93.5 cents to fill a gap there last month , n with the reversal pattern formed , it came down so fast for five straight weeks to reach 63 cents recently . The 200MA has been broken down easily , if there would be a technical rebounce , then the share price would only move up to 70.5 cents to fill a gap there n touching the 200 MA as well .
Bintang ( Date: 27-Nov-2009 11:01) Posted:
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Very weak support is at 78 cents , breaking the support would only find another support at 71 cents . Finally the only support to this uptrend would be at 57 cents which is below the right-issue price at 64 cents .
Bon3260 ( Date: 26-Nov-2009 22:56) Posted:
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Muz b alot of pple hv lost confidents... Me too felt v disappointed wif Mermaid although she has tried v v hard 2 recover... |
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buy?sell or hold?at 64cent
Mermaid broke the strong support at 64 cents today in the intra-day trading , it also fell below the 200MA leaving a gap at 68.5 cents . This gap has now provided strong resistance if not filled . Technically it may go down to 48 cents because the weekly DIs has just negatively placed , n ADX is going to rise .
Bintang ( Date: 05-Feb-2010 20:04) Posted:
The strong support at 64 cents would be tested next week if the downtrend continues .
Bintang ( Date: 05-Feb-2010 09:55) Posted:
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Mermaid broke the strong support at 69.5 cents where the 200MA is hanging above its share price now . |
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The strong support at 64 cents would be tested next week if the downtrend continues .
Bintang ( Date: 05-Feb-2010 09:55) Posted:
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Mermaid broke the strong support at 69.5 cents where the 200MA is hanging above its share price now .
Bintang ( Date: 27-Jan-2010 21:03) Posted:
| No , because the dead cross had formed , if it can rebound , that is for clearing positions |
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Mermaid broke the strong support at 69.5 cents where the 200MA is hanging above its share price now .
Bintang ( Date: 27-Jan-2010 21:03) Posted:
No , because the dead cross had formed , if it can rebound , that is for clearing positions .
qwertyuiop00 ( Date: 27-Jan-2010 20:44) Posted:
| is there any hope of a trend reversal?
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could be also those who got the rights at 0.64, and selling them off for quick profit.. leaving those who bought high, stuck..
minyak ( Date: 02-Feb-2010 23:41) Posted:
someone everyday presses the price down ( i guess he own a lot of mermaid which bought at low price 20-30 cents or borrow from securities)
since start from 89cents
the trend is very obvious
to rebound is quite hard
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someone everyday presses the price down ( i guess he own a lot of mermaid which bought at low price 20-30 cents or borrow from securities)
since start from 89cents
the trend is very obvious
to rebound is quite hard
about time this gem rebounds, price has already corrected from 0.945 to 0.705, a whopping 25%
when this one rebounce. is it now worth to buy
At Today's prices, AUSGROUP is more attractive in terms of its AUD490Million Order BOOK for 2010.
MerMaid is also a Bargain NOW.
No , because the dead cross had formed , if it can rebound , that is for clearing positions .
qwertyuiop00 ( Date: 27-Jan-2010 20:44) Posted:
is there any hope of a trend reversal?
Bintang ( Date: 27-Jan-2010 20:41) Posted:
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Mermaid has tried very hard to go up for the past two months , but because of the weak momemtun , it only reached 93.5 cents where a previous gap was filled . And immediately it made a reversal n came down non stop for about three weeks to reach 71 cents today . It may stop falling when touching 200MA at 69.5 cents . |
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the price is very attractive compare to Ausgroup, Ezion, FalEnergy, PEC,
waiting announcement to acquire depressed asset from the right issue MONEY
IPO Price 1.56
after right adjustment IPO price is 1.274
0.71-1.274=-0.564
56.4 cent to reach IPO price
is there any hope of a trend reversal?
Bintang ( Date: 27-Jan-2010 20:41) Posted:
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Mermaid has tried very hard to go up for the past two months , but because of the weak momemtun , it only reached 93.5 cents where a previous gap was filled . And immediately it made a reversal n came down non stop for about three weeks to reach 71 cents today . It may stop falling when touching 200MA at 69.5 cents .
Bintang ( Date: 27-Nov-2009 11:01) Posted:
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Very weak support is at 78 cents , breaking the support would only find another support at 71 cents . Finally the only support to this uptrend would be at 57 cents which is below the right-issue price at 64 cents . |
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Mermaid has tried very hard to go up for the past two months , but because of the weak momemtun , it only reached 93.5 cents where a previous gap was filled . And immediately it made a reversal n came down non stop for about three weeks to reach 71 cents today . It may stop falling when touching 200MA at 69.5 cents .
Bintang ( Date: 27-Nov-2009 11:01) Posted:
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Very weak support is at 78 cents , breaking the support would only find another support at 71 cents . Finally the only support to this uptrend would be at 57 cents which is below the right-issue price at 64 cents .
Bon3260 ( Date: 26-Nov-2009 22:56) Posted:
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Muz b alot of pple hv lost confidents... Me too felt v disappointed wif Mermaid although she has tried v v hard 2 recover... |
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