Saturday, October 29, 2016

Chart[29] - Best World

The counter has rebounded twice from support, 1.275. Volume looks relatively significant. Strong resistance is ~ 1.65. The counter is going to release 3rd quarter result by next week Friday.

Sunday, October 23, 2016

Chart[28] - AP Oil

The counter saw accumulation activities last few trading days. On 18th Oct, company announced joint venture business plan. Next day, company director increased shareholding on the company. Last trading saw price surging 10% with significant volume.



Looking backwards, similar activities ever happened last year July. Price ceiling was 0.32. It would be interesting to see whether history repeat.

Friday, October 14, 2016

Chart[27] - Courts Asia

Chart on top shows the counter performance in past two years. It fell from 0.6 to 0.32 on 2015. After 10 months of consolidation between 0.32 to 0.4, it broke up to 0.43. Looking at bottom chart, the company actually aggressively bought back shares since February 2016. Even at current price which is 30% up from last February, buying back activities is still undergoing. Latest financial result saw its net profit jumping 50% year on year and book value hit 0.57. It well explained the company buying back till 0.42 which is 25% discount to book value. It might not be surprise shall the counter hitting 0.6 (2014 peak) again.

Saturday, October 8, 2016

Chart[26] - Yuuzo

Since early August, buying interest has been gathering in the counter. Last trading day saw its price breaking resistance 0.168 with significant volume. Next trading zone could be 0.168 to 0.183. 

Saturday, September 24, 2016

Chart[25] - SingMedical

Accumulation activities seems continuing on the counter. Last trading day saw price up 8% with significant volume. Current price is consolidating within 0.3 to 0.34. It would be interesting to see whether buyer could pull it from the narrow zone for next record high over past five years.

*** Note: Same counter has been mentioned in Chart[24] @ 2016 ***

Sunday, September 11, 2016

Chart[24] - Small counters with big interests

Significant buying volume was seen in following counters. Trader could take position for next potential push from hidden buyers.

Avi-Tech

Fu Yu

Singmedical

Sunday, September 4, 2016

Chart[23] - Cogent

The counter saw surging volume on last few trading days. A triple top break up at 0.705 with significant transaction volume. Looking backwards, similar break up happened at 0.535 on May, 0.58 on early July and 0.66 on late July. The counter could be heading next record high in continuation of current uptrend.