Monday, October 8, 2007

Singapore Stocks - Chip Eng Seng

Singapore Stocks - Chip Eng Seng

CES witness continuous selling today due to profit taking and probably some shorting. This stock looks like a battle ground for some punters who try to influence the price. Need to trade with care. However, trade distribution showed strong buying at 0.84 and a married deal at 0.835 at closing. This shows that it still enjoys strong support at below 0.85. As long as it does not go below 0.835, it is still holding and not a bull trap. If the price goes below 0.83, it would have been a bull trap and I would recommend selling it.

No comments:

Google News - Business

Bloomberg

Yahoo! News: Business

Reuters: Top News

About Me

My photo
I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜,不以己悲。