Synear   

SYNEAR - PUNT OR INVEST!

Hopefuly it accelerate, this counter has been down for quite sometime

 

I never really believe target put by Fund Manager/Broker.  What they say mainly to indicate a very longterm period ...   

But, evaluating from EPS and Quaterly Report, good to take arround 1.03.  Once market heat is back ... you will see the return ...  

 

thanks zhuge_liang, that's very important info for us. just curious, where u find all these review? which website?

 

Merrill Lynch cuts target price for Synear Food to $1.60 from $2.65; keeps Buy rating. Broker says slower new capacity ramp-up likely to lower sales volume, adds Synear "likely to face sustained raw material cost pressure, and the recent snow storms in China could worsen the situation." But says trend should reverse in 2H08. "We expect industry consolidation to accelerate, leading to increased market share for leaders like Synear in the longer term."

 

Hi Brendan982201,

Synear's charts look bearish to me, like many other counters. Acc/Dist and Chaikin are heading southwards.

You are right. It is safer to use more than 1 indicator to re-affirm the readings. A combination of around 3 indicators is best, in my opinion. Anything more than 3 and you will get confused by different readings.

 

Singaporegal,

I mean by reading your article, i think Ferro China is a up when i see the charting on 5 Feb[I mention in another thread], it was up from 1.17 to 1.19 and 1.24

But for synear, I am not able to see any uptrend except MACD looks like converging, but base on one indicator cannot tell anything right?

Rgds

 

 

SIngaporegal,

Thanks for your article.FerroChina shoot up from 1.19 to 1.24

As for the Synear, MACD looks like moving up but most sign still bearish, what is your opi

 

TA charts look bearish with Acc/Dist and Chaikin heading south. 

 

well....honestly i hv no secrets...pure guessing on human reactions and mkt situation...but lately...u can SHORT almost on anything that are HIGH and likely u will make $$ out of it...as mkt is bearish....

 

nickyng: I hope one day you will publish your successful shorting strategy article in SJ hahahahhaha...... singaporegal has one article on TA maybe you can have one on shorting? Of cuz if shorting strategy is your secret recipe for your rice bowl I do understand you not willing to share freely of cuz :)

Lastly, happy shorting :) 

 

Hi Nicky, don't be mad .. we are joking here ...  ...

Everybody loves money here ... so we support each other by comment ... and between our depressed trading time ... we need joke making soften our tension.  And unfortunately, your name is pop out

But, you should be glad .. It's indicating you are famous

 

guys....speaking ill of me behind my back har ? hee...ok lah..hee..anyway FYI...i SHORT and CONTRA as well...depends on situation...these days...dun need me to say of course SHORT more often then the other...any high BETAs counter will excite me...hee..

 

Hallo Soh Guan,

I'm trying to be objective.  Perhaps we can learn something from behaviour of shortist like nickyng ... and learn how to steal money from shortist like him.  But, I have been trading emotionless right now. 

No matter what he is doing, don't effect my trading :D

 

techsys: You just provide another potential shorting stock for nickyng. The more you post the more he get excited. Today is another shortist paradise :P

 

As Technical analysis:

Synear base on downtrend analysis has support Fibbo 50% at 1.31.  It's very rare stock can by pass 61.8%. 

General Strongest Market Resistance at 2.3

General Weakest Market Support at 1.64. 

Let se if market still want to play arround 1.31 .. it's a sign if market is in trouble ... for people who want to take advantage ... can buy in now ... obviously you can make provit ... Not for contra unless you dare to make a bet

 

 

So volatile that within mins of my previous post it's already testing 1.33/1.34 level right now.

I guess avoid this stock for the moment.

 

 

Synear is in a downtrend currently. Just broke the 1.44 support today. Not a good sign.

Next support at 1.34. But likely this support will break too due to the current sentiments, possible respite from further falls at 1.29.

A volatile play, trade within your means.

 

GO SYNEAR GO.....GO...GO!!

 

I see a reverse Head & Shoulder in the making, hence I am betting a reversal anytime now. Support at 1.58-1.60. If support broken, SHS is nulled. Once cross over the 1.80 mark, uptrend will be confirm. If QDII announces green light this period, I am sure the uptrend will be confirmed. Accumulation is strong last 10 days, except today but selling not aggressive. Let's see!

 

Trend uncertain for now.