Will the support zone able to hold the price action from further decline ?
Tuesday, 28 March 2017
WTI Crude Oil - What's Next (28 Mar Update)
Daily chart of West Texas Intermediate (WTI) Crude Oil.
Will the support zone able to hold the price action from further decline ?
Will the support zone able to hold the price action from further decline ?
Friday, 24 March 2017
Group Lease PCL (SET - GL) : A Thai Penny Stock Fairytale
Prior to Group Lease's 2016 audited annual report published on Feb 28, an Ernst & Young LLP auditor reviewed the financial statements and felt the need for a few disclaimers before signing off. Over nine pages of his grievances were noted expressing particular worry about intercompany loans.
No one took the matter seriously until an opinion column in Kao Hoon newspaper appeared.
On 8 March, the company share price dropped 25.5%.
For more detailed news, click below link :
A Thai Penny Stock Fairytale
Here is a daily chart of Group Lease.
Using S-Trader Volumetric and Trend Tracker, the chart shows some interesting events prior to 8 Mar 2017. A saviour to the investors and traders.
20 & 21 Dec 2016, the share price broke and closed below 1st and final support level of S-Trader Trend Tracker, respectively. On both occasions, the price action was associated with very high amount of transaction shown by S-Trader Volumetric. An early sign of weakness triggered on these dates.
Few days later, the share price rebounded with high volume. Thereafter, it traded in range bound within Trend Tracker.
If anyone still hold on to it after the 20 & 21 Dec 2016 events, there is a final chance for them to exit their position.
On 3 March 2017, the final alert came in when the share price closed at 52.75 Baht. It dropped 7.86% with high volume traded on that day.
Source :
1) Metastock
No one took the matter seriously until an opinion column in Kao Hoon newspaper appeared.
On 8 March, the company share price dropped 25.5%.
For more detailed news, click below link :
A Thai Penny Stock Fairytale
Here is a daily chart of Group Lease.
Using S-Trader Volumetric and Trend Tracker, the chart shows some interesting events prior to 8 Mar 2017. A saviour to the investors and traders.
20 & 21 Dec 2016, the share price broke and closed below 1st and final support level of S-Trader Trend Tracker, respectively. On both occasions, the price action was associated with very high amount of transaction shown by S-Trader Volumetric. An early sign of weakness triggered on these dates.
Few days later, the share price rebounded with high volume. Thereafter, it traded in range bound within Trend Tracker.
If anyone still hold on to it after the 20 & 21 Dec 2016 events, there is a final chance for them to exit their position.
On 3 March 2017, the final alert came in when the share price closed at 52.75 Baht. It dropped 7.86% with high volume traded on that day.
Source :
1) Metastock
Wednesday, 22 March 2017
Cathay Pacific Airways Ltd (HKSE - 0293.HK) : First Loss Since 2008
Last week, Cathay Pacific Airways Ltd. reported their first loss in 8 years due to competition from China airlines and losses from fuel hedging.
For more details of the news, click below link :
"Cathay Stock Drops After Posting First Loss Since 2008"
Two days later, the company reported it's plan to save 30% staff costs at their Hong Kong head office.
Details news, click below link :
"Cathay Plans 30% Staff Cost Cuts at Head Office Under Reform"
Prior to the news, the share price has been experiencing downtrend since 2015.
Below the weekly chart shows the share price broke and closed below it's first support (S-Trader Trend Tracker) at HKD17.79 on week ending 14 Aug 2015 with above average volume (S-Trader Volumetric).
The following week it broke and closed below the final support (S-Trader Trend Tracker) at HKD16.39. Since then, the share price has been trending downward.
Based on daily chart, the share price alerted much earlier warning sign of weakness, as shown below.
The first alert of weakness triggered on 10 Jun 2015 when the share price broke and closed below all it's support at HKD18.70. However, it rebounded few days later and traded between the support levels (S-Trader Trend Tracker).
8 July 2015 another weakness alert triggered. On both alerts, high volume of shares transacted (S-Trader Volumetric). Thereafter, the share price has been traded below S-Trader Trend Tracker and this is the moment investors/traders need to keep monitor it's price action on weekly chart for sign of weakness.
Back to current date, the recent released of poor financial report has impacted the share price again. Below is the latest daily chart.
A great challenge ahead for Cathay Pacific.
1. Where the share price heading to in near future ?
2. Will the organizational restructure revive the company performance ?
After the financial news reported. there was an article written based on their personal observation/analysis. For your reading pleasure, click the link below.
"The Real Reason Cathay Pacific is Losing Money"
Source :
1) Metastock
For more details of the news, click below link :
"Cathay Stock Drops After Posting First Loss Since 2008"
Two days later, the company reported it's plan to save 30% staff costs at their Hong Kong head office.
Details news, click below link :
"Cathay Plans 30% Staff Cost Cuts at Head Office Under Reform"
Prior to the news, the share price has been experiencing downtrend since 2015.
Below the weekly chart shows the share price broke and closed below it's first support (S-Trader Trend Tracker) at HKD17.79 on week ending 14 Aug 2015 with above average volume (S-Trader Volumetric).
The following week it broke and closed below the final support (S-Trader Trend Tracker) at HKD16.39. Since then, the share price has been trending downward.
Based on daily chart, the share price alerted much earlier warning sign of weakness, as shown below.
The first alert of weakness triggered on 10 Jun 2015 when the share price broke and closed below all it's support at HKD18.70. However, it rebounded few days later and traded between the support levels (S-Trader Trend Tracker).
8 July 2015 another weakness alert triggered. On both alerts, high volume of shares transacted (S-Trader Volumetric). Thereafter, the share price has been traded below S-Trader Trend Tracker and this is the moment investors/traders need to keep monitor it's price action on weekly chart for sign of weakness.
Back to current date, the recent released of poor financial report has impacted the share price again. Below is the latest daily chart.
A great challenge ahead for Cathay Pacific.
1. Where the share price heading to in near future ?
2. Will the organizational restructure revive the company performance ?
After the financial news reported. there was an article written based on their personal observation/analysis. For your reading pleasure, click the link below.
"The Real Reason Cathay Pacific is Losing Money"
Source :
1) Metastock
Wednesday, 15 March 2017
WTI Crude Oil - 15 March 2017 Update
9 Mar 2017, the price broke the final support level (based on S-Trader Trend Tracker) USD50.22 and closed at USD49.28. Thereafter, the price kept trending downward.
Here is a daily chart of West Texas Intermediate (WTI) Crude Oil latest price action.
Will the price action decline more ?
Here is a weekly chart of WTI Crude Oil.
Source :
1) Metastock
Here is a daily chart of West Texas Intermediate (WTI) Crude Oil latest price action.
Will the price action decline more ?
Here is a weekly chart of WTI Crude Oil.
Source :
1) Metastock
Wednesday, 8 March 2017
Vietnam Electric Cable Corp (Ho Chi Minh Stock Exchange - CAV)
A weekly chart of Vietnam Electric Cable Corp.
It touched an all-time high on week ending 15 July 2016 with high of 68,584.32 VND after the price broke out all S-Trader Trend Tracker resistance on week ending 25 Sept 2015.
After touching an all-time high, the share price pullback and moved in sideway until it broke S-Trader Trend Tracker 1st support on week ending 16 Dec 2016.
Currently the share price traded sideway between S-Trader Trend Tracker Support and Resistance level.
Source :
1) Metastock
It touched an all-time high on week ending 15 July 2016 with high of 68,584.32 VND after the price broke out all S-Trader Trend Tracker resistance on week ending 25 Sept 2015.
After touching an all-time high, the share price pullback and moved in sideway until it broke S-Trader Trend Tracker 1st support on week ending 16 Dec 2016.
Currently the share price traded sideway between S-Trader Trend Tracker Support and Resistance level.
Source :
1) Metastock
Monday, 6 March 2017
Alliance Mineral Assets Limited (STI - 40F)
Here is another example of S-Trader Trend Tracker applied on Alliance Mineral Assets Limited (Daily Chart).
AMA share had a great run up since it broke out the last S-Trader Trend Tracker resistance on 16 Jan 2017 with high volume (as indicated by S-Trader Volumetrics with value of 2) and price closed SGD0.102.
Now S-Trader Trend Tracker acts as supporting level for the current price action.
Source :
1) Metastock
AMA share had a great run up since it broke out the last S-Trader Trend Tracker resistance on 16 Jan 2017 with high volume (as indicated by S-Trader Volumetrics with value of 2) and price closed SGD0.102.
Now S-Trader Trend Tracker acts as supporting level for the current price action.
Source :
1) Metastock