Table 1_Stock price performance for some tech stocks

Frencken nears 14Y overbought RSI level amid 10Y high prices (19 Nov 2019)

This week, Frencken has caught my attention with its 34% surge from $0.690 on 31 Oct 2019. It closed $0.925 on 19 Nov 2019. At $0.925, this is very near to its 10-year high closing price $0.930 set on 18 Nov 2019. Since 31 Oct 2019, it has risen 10 out of the past 13 trading days with two days having closed unchanged. RSI closed at 88.1 on 19 Nov 2019, which is near a 14 year overbought level. Based on Frencken’s chart, it seems to present a favourable risk to reward short trade. Please see the basis and more […]

Table 2_Most oversold stocks by RSI

Hang Seng & STI have fallen close to 2,900 & 250 points in one month! (28 May 19)

Dear readers, Asian markets have fallen quite a bit in the past one month. For example, Hang Seng has fallen close to 2,900 points since touching a high of 30,280 on 15 Apr to trade 27,391 which is the low last seen in January. STI has fallen almost 250 points from an intraday high of 3,415 on 29 Apr to close 3,165 today. Looking at the indices may be deceiving as many shares have fallen a lot. For example, based on Table 1 below, most stocks have fallen at least 10%, with Sembmarine tumbling almost 17% in less than a […]

GSS chart dated 21 Dec 17

GSS announces oil, price drops to near pre announcement! (21 Dec 17)

GSS Energy (“GSS”) announced that it has struck oil and (surprise) gas in its first well on 13 Dec 2017. Share price jumped to an intraday high of S$0.178 on 14 Dec 2017, after the trading halt was lifted. It has since weakened to an intra-day low of S$0.156 on 21 Dec 2017 before closing at $0.161. Is the party in GSS over? Or is this just the beginning? I have managed to meet Mr Sydney Yeung, GSS’ CEO for a 1-1 chat two days ago on the company’s business and outlook.   Here are the key takeaways Q1. Previously, […]

Chart 1 Hatten's chart as of 3 Nov 17

2 companies to watch out as markets reach new highs (3 Nov 17)

Based on yesterday’s close, Nasdaq clocked a 63rd record close for 2017 and overtook the previous 62 record closes for 1980! S&P500, Nasdaq and Dow registered their 25th record close for 2017 simultaneously, matching the record established in 1995. On our local front, STI approaches a more than two year high. 2017 has not ended yet. For those investors who have not invested much, are they too late to the party? Are there still stocks with scope for potential upside? Personally, I believe that there are two companies, namely Hatten Land (“Hatten”) and GSS Energy (“GSS”) with interesting charts and […]

Table 1_How GSS Energy fare against other tech stocks since 25 Sep 2017

GSS Energy – Personal view from technical and fundamental aspects (6 Oct 17)

In my technical write-up on GSS Energy (“GSS”) dated 14 Sep 2017 (click HERE), I highlighted the possibility that GSS may be on the verge of forming a potential inverse head and shoulder formation. For this write-up, I have put in my personal view based on both technical and fundamental aspects. Read below for more.   Technical outlook – bullish Why do I feel the chart looks positive? a) Previously, in my earlier technical write-up, I mentioned that a breach above $0.157 with volume and on a sustained basis points to an eventual measured technical target of around $0.186. GSS […]

GSS chart dated 13 Sep 17

GSS Energy potential inverse head and shoulder formation (13 Sep 17)

Since my write-up on GSS Energy (“GSS”) dated 18 Aug 2017 (see HERE), GSS’ share price has jumped 12% from $0.137 on 18 Aug 2017 to close at $0.152 on 13 Sep 2017. Based on my personal chart observation, it seems likely to be in the midst of forming a potential bullish inverse head and shoulder formation.   Chart outlook GSS has reclaimed its 200D exponential moving averages (“EMA”) within three trading days after breaching. It has subsequently moved back to its lower trading range of around $0.152. Based on Chart 1 below, there are certain noteworthy points. a) Potential […]

GSS chart dated 18 Aug 17

GSS Energy dived 31% since 29 Mar 17. What gives? (18 Aug 17)

Since my write-up on GSS Energy (“GSS”) dated 28 Nov 2016 (see HERE), GSS’ share price has surged 154% from $0.078 on 28 Nov 2016 to an intraday high of $0.198 on 29 Mar 2017. It has subsequently dived 31% to close $0.137 on 18 Aug 2017. For chartists who monitor GSS, they would have noted that GSS has broken its 4-month trading range of (approximate) $0.152 – 0.181 which is a bearish development. In this write-up, I will structure it differently. To attempt to explain the price fall, I will discuss what has changed and what has not changed […]

Sapphire FY16 results

5 observations on Sapphire’s results (10 Mar 17)

Sapphire’s share price slumped 8% from $0.335 on 27 Feb 2017 (before their results on 27 Feb, after market) to close $0.310 on 10 Mar 2017. Are their FY16 results bad? If yes, why does Mr Teh, CEO of Sapphire, record his first purchase since Sep 2015 now? Below are my five observations on Sapphire’s results. Click HERE for the press release. Table 1: Snapshot of Sapphire’s results Source: Company   5 observations on Sapphire’s results 1.Disposed loss making Mancala to be a focused infrastructure play Sapphire has divested the bulk of Mancala. Based on most industry experts, it is […]

gss-cash-position-vs-total-borrowings-3qfy16

GSS Energy – Roller coaster share price, what’s up? (28 Nov 16)

Since my write-up on GSS Energy (“GSS”) dated 10 Oct 2016 (see HERE), GSS shares have surged 34% from $0.080 on 10 Oct 2016 to an intraday high of $0.107 on 13 Oct 2016. It subsequently fell to an intraday low of $0.070 on 21 Nov 2016 before closing at $0.078 on 28 Nov 2016. What has changed in the previous few weeks to fuel such a roller coaster movement in its share price? I have listed some of their key announcements announced during the period below. 1. Formally signed contract with Pertamina On 3 Nov 2016, GSS, through its […]

gss-chart-dated-10-oct-16

GSS Energy spiked 67% since 1 Sep 2016! What gives? (10 Oct 16)

GSS Energy’s (“GSS”) recent share spike and chart action caught my attention. GSS has surged 67% from $0.048 on 1 Sep 2016 to close $0.080 on 10 Oct 2016. It has just moved above its 200D exponential moving average (“EMA”) for the first time in 16 months! Furthermore, GSS announced that its subsidiary was awarded a KSO contract from Pertamina for oil production for the Trembul Operation Area. In view of the chart and company’s developments, I arranged a meetup with Mr Sydney Yeung, CEO of GSS Energy for an exclusive discussion of the company’s business developments and prospects. Below […]