Golden Energy – Is this a laggard coal play? (17 Feb 17)

February 20, 2017 el15

Pursuant to Golden Energy’s (“GEAR”) compliance placement at $0.670, GEAR has not closed above $0.670 since its debut on 12 Dec 2016. In fact, GEAR has slumped 21% from $0.655 on 12 Dec 2016 to $0.520 on 17 Feb 2017. This underperformance is even more glaring as compared to +24% appreciation in Geo Energy’s share price over the same period. Is GEAR a laggard coal play? Let’s take a look at some of the possible investment merits and risks. Investment merits Targeted surge in targeted production volume GEAR has four mining concessions with the largest mining concession in BIB […]

Chart highlights on Midas, Sapphire, Sunpower, Terratech (9 Feb 17)

February 9, 2017 el15

Dear readers, The animal spirits seem to have finally descended on our Singapore market! Our STI is one of the best performing indices with a blistering 6.4% year to date return. Our FSTS ST Small Cap Index has returned 3.8% year to date. I have highlighted four charts which (I feel) deserve attention. Do note the caveats below. Midas With reference to my write-up on Midas dated 3 Feb 17 (click HERE), Midas’ inverse head and shoulders pattern seems to be confirmed with the decisive upside break above its 200D exponential moving average (“EMA”) and neckline of around $0.230 […]

Ernest’s market outlook (5 Aug 16)

August 6, 2016 el15

Dear readers, S&P500 has registered another high whereas our STI plunged 117 points, or 4.0% over the past two weeks. How will the markets move from here ? Read on for more. S&P500 Index Just to recap what I have mentioned on 22 Jul 2016 (see HERE), I wrote “it is good to see that all its exponential moving averages for the S&P500 (“EMAs”) are moving higher with a good degree of separation. However, I am worried by the low ADX and the bearish divergences exhibited by the indicators such as MACD, MFI and RSI. Nevertheless, the break above […]