Friday, June 27, 2008

Buy call

Buy call on Boustead at $2.30

Parabolic show buy.
Acc/dis has a sharp peak
GMMA/CCI show good signs
stochastic has red over blue. but shows overbought
CMF went into positive

Kian Boon:
Agree with Daniel. Boustead looks promising on the charts.
FYI: DBS and Philips Securities issued hold and buy call for Boustead respectively.
Fair price: S$2.49 - I recommend this stock to those who are willing to hold the shares for at least 1yr.
Buy Price: I think S$2.30 is a bit on the high side. SAR touches the trend line at S$2.20. Coupled with FED recent decision to stop decreasing interest rate to curb inflation. The stock market is looking bearish at least for a few months. I think should buy between S$2.15 - S$2.20.
PS: This stock is often overbought and the volume of stocks traded on a regular day is very low. Therefore don't expect Boustead share prices to be moving rapidly. Investors buying this stock should have a long term outlook. - My 2cents Worth!

Buy call on venture at $10.20
Parabolic buy
CCI cutting 0 from below
GMMA going to have red cut green
RSI cutting 0 from below
stochastic, blue over red and moving up towards 0

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