Creative brings '3D' sound to headphones after US$100m R&D
HEADPHONES are unnatural, Sim Wong Hoo, founder of Creative Technology, believes. Read more at The Business Times.
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Lunch with Sumiko: Creative Technology’s Sim Wong Hoo is back, with Super X-Fi getting rave reviews
His Super X-Fi audio technology has been slaying the naysayers.. Read more at straitstimes.com.
Tale of a Creative stock – 6 months later
Time flies and it had been 6 months since Creative suddenly woken from deep slumber (after many years) in late February. You can revisit some history from my post 6 months ago. https://www.investingnote.com/posts/671042
As mentioned in Mar when I last wrote, Creative is like an IPO as all previous support and resistance had been erased and it will take 6 months to find its support and resistance level ( liken to the moratorium ).
Based on the chart, the support has been established at $5.30 and the resistance level is at $6.85. Twice it attempted to break out (early June and mid-July) by breaking the upper limit of the Bollinger Band but it did NOT break the resistance wall at $6.85.
(Sorry the attached diagram got typo).
The 180 DMA has been steadily rising and now is a $4.40 level, if the price continued to be range bound between the support and resistance level, the 180 DMA will cross the support line by end September.
Now, as the ‘moratorium’ is ending, I am very sure we going to see some actions from now to March 2019. Whether it is going to be a breakout or breakdown, you have to be very nimble now as all the bad boys are already in.