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The support at $0.665 gone, what next????
Gems TV - Bringing back the shine
By Ritesh Menon
Wed, 4 Jul 2007, 08:30:24 SGT
Bringing back the shine
- Elliot wave counts indicate that Gems TV (GEMS) is currently in a corrective wave (wave 2) of a 3-wave rebound.
- The gradual decline in traded volume of the correction indicates that the downtrend is weakening and is likely to reverse in direction in the near future. Yesterday?s spike in price, which was accompanied by strong volume, could signal the start of a probable reversal and the commencement of wave 3.
- RSI and stochastic indicators are currently in oversold regions, thus we can expect a further recovery in GEMS in the days ahead towards the 1st resistance level of S$0.94.
- Support set at S$0.665 and 2nd resistance set at S$1.16.
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zhuge_liang, wow you are much sharper than I am... for a moment I didn't know what you were talking about as I'm really very sick with a cold. Then I recall 'shareexpert' incident. I found that out only by chance as I was irritated that 'expert' who kept creating new threads. I only wanted to find out how many new threads he has created and by chance discovered the rating issues.
From the look of it, the nicks sound quite similar.. share = stock, expert is almost like= king. Maybe birds of the same kind flock together and act the same... Actually I was very glad and surprised that quite a few forumers responded by giving bad post to the person's posts after reading my 'discovery'. They acted without any one calling for it. It shows a certain sense of 'right/wrong', 'good/bad' among forumers.
hi bunnie.. you really must be very bored in GZ.. fancy seeing you here...
yes indeed, I have sold away all my gem tv shares.. I am waiting to see their coming quarter results cos it would not be good... no hurry... I got other shares to look at too... like SPC :-) .. perhaps I look at this in September..
hi zhuge_liang, dun worry, i am sure we are discerning enough to distinguish who is good and who isn't. and you and nostradamus have been wonderful in your postings of info in the wilmar/indo agri threads.thank u so much.
uncle kiasu, have u sold away all your gems tv? dun play play w this counter. not worth the while.
Hi EastonBay,
shareexpert is not the only one. BullRun and Stockking also have high percentages with their similar one-liners. Even mine or Nostradamus' percentages are not that high. And our posts are far better.
Hi guys, haven't anyone forgotten that just a couple of months back, research houses have set TP of $2 to $3 plus when Gems is at $1 something. The same pp then downgrade Gems when this counter tumbles. Please do yr own homework instead of relying fully on brokerage/research houses.
i think it would be more prudent to wait for their results... personally i think TP $1.32 is a joke at this point...
This counter has a "outperform" rating from one of the broker price with target price at $1.32. It should have the potential to go higher.
looks like this counter gonna move up....any expert out there willing to comment.
thks
i would not touch this counter for somewhile since the management had said next quarter weak results... Acc/Dist & Chaikin Osc.. gently sliding anyway...
market sentiments are good. continue till sept
er...seems VERY much of a downtrend to me
Any TA guru out there can confirm my reading that there is further up trend on this counter?
looking good 1.... coming soon :)
Bringing back the shine
- Elliot wave counts indicate that Gems TV (GEMS) is currently in a corrective wave (wave 2) of a 3-wave rebound.
- The gradual decline in traded volume of the correction indicates that the downtrend is weakening and is likely to reverse in direction in the near future. Yesterday?s spike in price, which was accompanied by strong volume, could signal the start of a probable reversal and the commencement of wave 3.
- RSI and stochastic indicators are currently in oversold regions, thus we can expect a further recovery in GEMS in the days ahead towards the 1st resistance level of S$0.94.
- Support set at S$0.665 and 2nd resistance set at S$1.16.
mani sounds good... me holding on this one :)
have not sold firstlink yet...
Sarahlhk... :)
I still remember I had a good fat profit because I "tompang" you in Firstlink... hehe...
So happy... thank you so much... 
wa gems 0.745:)
up up up
anyone knows y?
i think overall sentiments down and wallstreet will go to sleep this week due to 4 July... no worries, v confident that it will be up soon :). it is still a 1dollar share to me ...
