Anyhow chiong....lol.

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Expiry:
Target Price
$0.052
(+13.04%)
NOW:
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3 comments
amanlee

Congrats bro! Placement Of 74 Million New Ordinary Shares At S$0.0405 Each. Why the share price surge to 56? lol..

muttonyeo

ho say lo. Bro SC huat ah.

muttonyeo

Trade halt. Hope good news. Huat ah.


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In this soft market, this week I'll still try to pick some counters which I think have a chance to move up. Im looking at $MFS Tech(5BM), $Kori(5VC) & $Terratech(40I). First 2 counters have seen increase in volume with a sudden move up last Friday. $Terratech(40I) hit 130 twice recently before it rebound to 140. When it dropped again last 2 sessions, it still support well at 130 with better volume. It may have hit a temporary bottom. There's a possibility of a rebound this week.

Huat ah!

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Many peoples may not agree to what I'm going to share now. In weak market, we usually advice peoples to stay sidelines. Stay at sidelines is safe rather than throw money into the drain. But is it the best way to stay sidelines. It depends on how you look at things. I'm not against peoples to stay sidelines when market is weak. But at times, we can look for opportunity. Is there any opportunity in a weak market?. Of course there is but whether in weak or good market, there is still risk. So if you can swallow the risk, then you can try. Frankly, my opinion is if you want to be a good trader, you will need to go through the storm rather than stay sidelines. Only when you go through will you learn something from there because if no money is involve, your emotion is not trigger and thus you can't really learn things by staying sidelines. But one need to know is that if you intend to go through the storm to sharpen your skill, you will also need to reduce your risk by going for smaller position and trades. By doing that, it will not hurt your pocket too much while you are experiencing the storm.

Now let's talk about opportunity. The opportunity in weak market is to pick durians before it rebound. Is it easy to pick durians?. Not easy. You need a lot of guts to do that. Durians got a few types. When market drop a lot, everywhere is durians. We don't just go and pick any durians that is on the ground. We try to pick the better durians which have a chance to be musangking and safer to eat. Of course, nothing is 100% safe. When we go to pick durians, we may encounter storm again which will shake more durians onto the ground. But if we want to have a good durian feast, that's the risk we must take. So what kind of durians to pick. I based on my experience to share some below.

1) A stock that is green among a sea of red on the bad market day shows power.
2) A RECENT POPULAR stock that have dropped too much in a day with big volume
3) A RECENT POPULAR stock that have dropped continuously for many days(due to bad market sentiment & not company issue)
4) An uptrend stock that have dropped due to bad market sentiment

Point 2 & 3 are very important. Reasons is because

1) BBs was around recently. So some may not have fully unload or they may still be interested in the stock because their plan to push up may be spoilt by the bad market.
2) When a stock drop a lot, it can also rebound a lot.

We don't choose a stock whereby it only drop a few pips during the bad days because when it rebound, it only rebound a little. We also don't choose an old timer stock where the BBs is not in working mode or no BBs.

So now, how to pick?. We need to do some homework. We need to pick at support price. The stronger the support, the better and safer. Stronger support means support that have been tested many times previously or Fibonacci Retracement support or trendline support.

I just RANDOMLY choose 4 counters for explanation purpose. Below are the chart for Rowsley, Spackman, Cosco and Terratech. You can see that the closing price is still a few pips from the stronger support. That tells me that these counters can still drop. We know that Friday Dow dropped nearly 400 points. This will mean that chances for these 4 counters to drop and hit their support on Monday is HIGHER.

We know that everyone is in fear now. Stock market is like that....when many are very bullish, the market toh. When many are in fear, the market can rebound especially after a SHARP DROP. Based on this theory and the charts, my prediction is that Monday these counters MAY hit their support and rebound. Market cannot always drop. Even though market is still weak, there will still be rebound before it drop further. So after we pick durians and the market rebound, we need to sell the durians to other peoples on the rebound. We don't hold longer trying to make more because we are not in a bull market.

$Thomson Medical(A50.SI) - Support around 146-148 area
$Spackman(40E) - Support around 90-91 area
$Cosco(F83) - Support around 275-285 areaa
$Terratech(40I) - Support is at 36

Do remember, when we pick durians we also need to set a SL price. I would suggest SL 2-3 pips below the support price.

The above are for reference only. Not an inducement to buy. And the above are for discussion purposes. If you don't agree to pick durians in weak market, it's ok but don't hoot me for telling peoples to pick durians. Anyway, my views may not be correct and market may toh further. So dyodd plssss. We share and learn together. Let's see how Monday perform.

Last but not least, I declare that I don't have the above 4 counters. Pls note that I'm not focusing on these 4 counters but just anyhow choose 4 counters as examples.

Wish all can huat huat!
Just some weekend sharing! Huat ah!

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$Terratech(40I) had conned many recently. There will be once where it will have real move. Thursday market weak but this moved up. Interesting right?. What makes it more interesting is that $Tritech(5G9) also moved up with GOOD VOLUME. Something may be going on here. Can Terratech have real move this time?. Tomorrow we will know. Huat ah!

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Will $Versalink(40N) be another $Terratech(40I)?. Better not to try pick durian on this counter. This week I think the counters that have chance to move up are $EcoWise(5CT), $SBI Offshore(5PL) and $Mirach Energy^(AWO).

$EcoWise(5CT) - Although price already moved a lot, but last 2 sessions I can still see BBs buying at strong resistance price of 80 and haven't really see distribution yet. Even if the market sentiment is weak, the most it can go is 78. On Friday we can see got buyers coming at 79 to support. That's why my friends and I tried to get it at 79 by queuing at 79 but BBs just eat up 80 and run it. Don't let us buy?..That's a good sign.

$SBI Offshore(5PL) - This is an outsider counter. Many think it's game over for this counter and tried to sell down on Friday. But last minute BBs came in to push it above the support price of 435 to close day high of 44. This counter I see not over yet. Can collect some on weakness.

$Mirach Energy^(AWO) - Finally it comes back to 170 again. We can see it tried to break 172 resistance and dropped back in last 2 sessions. But take a closer look we can see buyers keep coming at 170 on Friday. I would expect it to breakthrough this week to test 178 or even 180.

Besides these 3 counters, $Valuetronics(BN2) and $SunVic Chemical(A7S) also stands a chance to move up. Valuetronics chart looks positive for more upside while Sunvic will likely try to test 65.

Pls DYODD. Huat ah!

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Kua liao $Artivision Tech(5NK) show, later kua $Jaya(BJE) show....Huat ah! I bought the chao durian $Terratech(40I) this morning...lol. Huat ah!

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