02 August 2006
Stocks Update (02 Aug 06)
Today (02 Aug 06) bottom formation breakouts have increased by another 3 (CG Tech, China Sky, Midsouth)to reach 15 in total for stocks on my radar, which is probaly a signal of further rebound of market to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave can proceed.
I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being (02 Aug 06) since it is good time to buy rather than sell when the db nl is broken out.
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), hihg 2.59 on 31 Jul 06
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
Today (02 Aug 06) bottom formation breakouts have increased by another 3 (CG Tech, China Sky, Midsouth)to reach 15 in total for stocks on my radar, which is probaly a signal of further rebound of market to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave can proceed.
I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being (02 Aug 06) since it is good time to buy rather than sell when the db nl is broken out.
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), hihg 2.59 on 31 Jul 06
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
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