Since my write-up on GSS Energy (“GSS”) dated 18 August 2017 (see HERE), GSS’ share price has jumped 12 percent from $0.137 on 18 August 2017 to close at $0.152 on 13 September 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.
Our STI has broken a one-month trading range of around 3,288 – 3,348. Where will STI and the other indices go from here?
Since my write-up on GSS Energy (GSS) dated 28 November 2016 (see HERE), GSS’ share price has surged 154 percent from $0.078 on 28 November 2016 to an intraday high of $0.198 on 29 March 2017. It has subsequently dived 31 percent to close $0.137 on 18 August 2017.
Pursuant to my previous write-up on 23 May 2017 (click HERE for the earlier write-up) citing the oversold nature on Hatten Land's (Hatten) chart, Hatten has surged 20.2 percent from $0.183 on 23 May 2017 to close $0.220 on 10 July 2017.
Since my last company update on Sapphire on 10 March 2017 (see HERE), Sapphire has unveiled other interesting updates.
Capital World (formerly known as Terratech Group Limited) has slumped a whopping 46 percent from its intraday high of $0.240 on 29 March 2017 to close $0.130 on 1 June 2017. What has happened to cause such a massive fall? Will it fall further?
Hatten Land (Hatten) has dropped 39 percent from an intraday high of $0.300 on 28 February 2017 to close $0.183 on 23 May 2017. What has caused the sharp decline? Where is the bottom?
Below is my personal opinion on the market. As previously mentioned to my clients, I aim to reduce my percentage invested in stocks (currently around 130% invested), especially the non-performing stocks, with no immediate near term catalysts.
Two charts have caught my attention, one potentially bullish (Singare Post) and the other one potentially bearish (ISOTeam). Below are my personal views.
Banyan Tree Holdings (Banyan Tree) recently clinched two noteworthy strategic partnerships with AccorHotels and Vanke on 8 December 2016 and 23 January 2017 respectively. Since 23 January 2017, Banyan Tree has largely traded between $0.465 to $0.530. It closed at $0.510 on 17 April 2017.