Chasen chart 23 Oct 19

Chasen – a bullish double bottom making in the making? (23 Oct 19)

Dear all, This week, Chasen catches my attention as it seems to be forming a bullish double bottom on its chart. I have appended my personal chart analysis, together with some potential positive and negative points on the company. Read on for more below.   Chasen’s chart analysis Based on my personal interpretation of Chasen’s chart, it seems to have tested its double bottom neckline around $0.070-0.072 for the past few days. For the past two days, it managed to close higher consecutively with above average volume. In fact, Chasen closed today with 7.3m shares changing hands, 3.8x above its […]

Analyst target price 29 Aug 19

HRNet – All time oversold levels amid lowest price since IPO! (29 Aug 19)

Dear all Another exciting week! This week, HRNet caught my attention as it approaches all time oversold RSI level. In addition, it is trading at the lowest price $0.560 since its IPO price at $0.900. Given the basis below, my personal view is that HRNet may be presenting a favourable risk reward setup for a long trade. Do look at the basis and more importantly, the risks inherent in such trades.   My personal basis a) Average target price $0.93! Based on Figure 1 below, average analyst target is around $0.930, representing a potential capital upside 66%. Estimated div yield […]

Analyst target price 6 Aug 19

CKH Holdings at 19-year oversold levels; multi-year low price amid 10-year low valuations (6 Aug 19)

Dear all What a hectic and exciting week! This week, CKH Holdings (00001.HK) (“CKH”) caught my attention with its 19-year low RSI level since end Dec 2000. At the time of writing this, CKH last trades at HKD67.60, level last seen around 21 Feb 2014. With such a precipitous decline, CKH is trading below its 10-year average valuations. Given the basis below, my personal view is that CKH may be presenting a favourable risk reward setup for a long trade. Do take a look at the basis and more importantly, the risks inherent in such trades.   My personal basis […]

S&P500 10Y PEBD 1 Jul 19

Why am i cautious going into July… (2 Jul 19)

Dear all, With reference to my market write-up published on 29 May 2019 (click HERE), where I mentioned that the sell-off in the markets revealed interesting trading opportunities, markets coincidentally bottomed on 3 Jun 2019 and staged a strong recovery. I have already sold into strength and reduced my percentage invested in stocks from 150% in early June to 12% now. Personally, I am cautious in the market going into July. Why is this so?   Basis below 1) Markets jumped yesterday following the U.S. / China trade truce announced over the weekend, despite the lack of details on what […]