Saturday, November 13, 2010

Cosco has all the conditions for a Bull trap

Cosco Update:
(*A mouse trap is to trap a mouse and therefore a bull trap is one to trap a bull)



However, note that Phillip Securities had just last week raised fair value of this counter from $1.65 to $2.32.

Tuesday, August 17, 2010

Which is the last stop for SMRT?

Tracing a price history back to 2003, SMRT stock indeed has had a good ride up to the recent high of $2.34 registered in July 2010.

The weekly chart is as below; the seven-year price structure looks like the end of a major move.

"The seventh opening in the head is the mouth and everything goes down"  Legendary Trader William D. Gann.