RE : Blumont to watch for this week!!!!

As stated from the post. Pretty self explainatory.

First resistance will be 43cents.

Comments

Post a Comment

Popular posts from this blog

HoBee - Diary Post

Image
HoBee momentum continues, very strong infact. I feel that breaking 1.6 should be of no problem. The question is when it will break the $1.70. As long as macro outlook stabilies, HoBee could move to higher high and break the $1.60 resistances that is currently facing now. Too many good signals in the last 20 trading days. Until I see weakness in the setup, investors that has Hobee should continue to ride it. Broke 1.62 convincingly and BB just ate 527 lots at 1.62. 29/11/2012
Read more

Update On Sakari (1)

Image
Below are some charts which shows the Dow Jones U.S. Coal Index Stock prices. Sakari  share price, together with the Dow Jones Coal Index prices have taken a hit. Coal spot price seems to have a support at 200 USD. Other  major U.S companies coal companies such as  Peabody  and  Alpha Natural  share prices are also on a declining trend as well. Coupled with slowing growth of China, which is a huge importer of coal, the outlook of  Sakari  does not seem to be as rosy as before. Just to take note as the Coal prices index  that i am using is  not  the Indonesia Coal spot prices, but valuation  As Coal prices seems to have rock bottom, it is best to avoid coal related companies at the moment. As  Sakari  is the only Coal company listed in SGX, investors can only gain exposure to coal related companies through them. Support/Resistance  at  2.100 ,  1.97-2.00  ,  1.800 . Do take note at thes...
Read more