Zuolun's Corner

Discussion in 'Acquistion Targets' started by zuolun, Sep 25, 2012.


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  1. zuolun

    zuolun Well-Known Member

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    ChinaMinZhong - Crucial support @ 0.81 broken

    ChinaMinZhong closed with a black marbozu @ 0.795 (-0.01, -1.2%) on 2 Oct 2012.

    Immediate support 0.765, immediate resistance 0.81.

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  2. zuolun

    zuolun Well-Known Member

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    YOMA - Bullish symmetrical triangle/rectangle top breakout

    Yoma closed with a doji @ 0.535 (+0.005, +0.9%) on 2 Oct 2012.

    View attachment 7655

     
  3. zuolun

    zuolun Well-Known Member

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  4. zuolun

    zuolun Well-Known Member

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    MEGB -A bearish Rectangle breakout

    MEGB closed unchanged @ 0.61 on 2 Oct 2012.

    What is a bearish rectangle pattern?
    The bearish Rectangle pattern is a bearish continuation pattern. This means a downwards breakout of this pattern will likely signal a stock crash. In this pattern the stock after falling consolidated between 2 levels. This forms a rectangular shape. After a while it breaks below support. This gives a bearish sell signal. Why is this a bearish signal? This normally occurs during a downtrend. During which time the stock stops heading down and stays between a support and resistance level. This is a cooling down time where the stock gathers strength for its next run. When the stock breaks below support, it signals that the stock has stopped cooling off and is ready to run lower again and continue the trend.

    Volume
    High volume is needed to confirm a breakout. Breakouts with low volume could be a false alarm.

    Target
    The target for a bearish Rectangle breakout is to subtract the difference between the top of the pattern by the bottom of the pattern and subtracting that from the bottom. In MEGB, the Rectangle top is at $1.095, its bottom is at $0.825. So TP should be $0.27 ( $1.095 - $0.825 = $0.555).

    Trading the Rectangle pattern
    Short the stock when it breaks support and place a stop above old support.

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    Last edited: Oct 2, 2012
  5. zuolun

    zuolun Well-Known Member

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    AusGroup - Bullish rectangle bottom breakout

    AusGroup closed with a black marubozu @ 0.535 (-0.04, -7%) on 2 Oct 2012.

    Strong resistance 0.58; immediate support 0.52, next support 0.495;

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  6. zuolun

    zuolun Well-Known Member

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    OUE - Island Top Reversal

    OUE closed with a spinning top @ 2.82 (-0.02, -0.7%) 0n 2 Oct 2012.

    Immediate support 2.73, strong resistance 3.04.

    [​IMG]

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  7. zuolun

    zuolun Well-Known Member

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    Noble - Island Top Reversal

    Noble closed with a 'dark cloud cover' pattern @ 1.32 (-0.005, -0.4%) on 2 Oct 2012.

    Immediate support 1.31, strong resistance 1.38.

    [​IMG]

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  8. zuolun

    zuolun Well-Known Member

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  9. zuolun

    zuolun Well-Known Member

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    Nam Cheong - Trading in an ascending triangle

    Nam Cheong closed unchanged with a white marubozu @ 0.215 on 1 Oct 2012.

    Immediate resistance 0.225, immediate support 0.20.

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  10. zuolun

    zuolun Well-Known Member

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    msk,

    Let me tell you the ugly side of the huge housefly who claims that TPG forum's motto is "DO NOT HAI-LANG".

    x-factors has been extremely bias on ALL Malaysia-based SGX-listed stocks; Nam Cheong and JB Foods are 2 good examples which had proven him wrong.

    I will post my Nam Cheong chart later, now focus on the latter one.

    As at 1 Oct 2012, JB Foods is still forming a base; trading within the bollinger bands with strong support @ 0.285 and strong resistance @ 0.315.

    View attachment 7613

    Earlier, I received a PM from a stranger who told me that x-factor's TP for JB Foods is 20c.

    Logically, it's quite unlikely to happen because JB Foods was IPO at S$0.30 per share on 23rd July 2012, with limited free-float.
    (Stock price normally collapses only when the BBs are extremely bearish and run road, fast.)

    If JB Foods were to collapse to 20c, it would literally mean that the major CK (IPO SSH) cut-loss at 33.33%.

    In short,this post is meant for x-factor: 「你不杀伯仁,伯仁因你而死!」

    English Translation: "x-factor, you didn't kill your not-so-smart followers but they died because of you!"

    [​IMG]

     
  11. zuolun

    zuolun Well-Known Member

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    Last edited: Oct 2, 2012
  12. zuolun

    zuolun Well-Known Member

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    JB Foods - Bollinger Squeeze

    JB Foods closed unchanged with a black marubozu @ 0.30 on 1 Oct 2012.

    Immediate resistance 0.315; next resistance 0.325, strong resistance 0.34.

    Immediate support 0.30, strong support 0.285.

    View attachment 7613
     
  13. zuolun

    zuolun Well-Known Member

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    Petra - Uptrend still intact

    Petra closed unchanged with a doji @ 2.45 on 1 Oct 2012.

    Immediate resistance 2.55, strong resistance 2.77.

    Immediate support 2.33, crucial support 1.91.

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  14. zuolun

    zuolun Well-Known Member

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    AusGroup - Bullish rectangle bottom breakout

    AusGroup closed with a white marubozu @ 0.575 (+0.07, +13.9%) on 1 Oct 2012.

    Immediate resistance 0.595, immediate support 0.52.

    View attachment 7612
     
  15. zuolun

    zuolun Well-Known Member

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  16. zuolun

    zuolun Well-Known Member

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    DBS - Trading in an ascending triangle

    DBS closed @ 14.33 (-0.06, -0.4%) on 1 Oct 2012.

    Crucial support 14.12, resistance 14.44, strong resistance 14.79.

    View attachment 7603
     
    Last edited: Oct 1, 2012
  17. zuolun

    zuolun Well-Known Member

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    Last edited: Oct 1, 2012
  18. zuolun

    zuolun Well-Known Member

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    SCOMI - Bollinger Bands Breakout

    SCOMI closed with a white hammer @ 0.39 (+0.02, +5.4%) on 28 Sep 2012.

    Support 0.355, resistance 0.43.

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  19. zuolun

    zuolun Well-Known Member

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    CNOUHUA - Bollinger Squeeze

    CNOUHUA closed @ 0.11 (+0.005, +4.8%) on 1 Oct 2012.

    View attachment 7595
     
  20. zuolun

    zuolun Well-Known Member

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