Milo's TA discussion and sharing thread

[Cambiere]

support thread

vested in midas, jes, mdr
monitoring midas closely, if no close above 530 or break 540, will consider sell
jes looks like accumulation? rectangle
mdr this i just buy n hold

 

[Sinkie]

Advise taken.

yeah, with your talent and wit, you might just picked up trading ability faster than anyone like rafflesian and you will really achieve financial freedom so much earlier

then you really can say

the power of CD/trading

 

[chopra]

yeah, with your talent and wit

Still waiting for a talented and witty whizkid to overtake Warren Buffett in Forbes Billionaire ranking. Still waiting. =)

It could even be a random walk. Buffett was just lucky at the right place at the right time.

Cat Beats Professional Stock Traders - Business Insider

That said, i'm in for TA as well. So Mr Milo, for your analyses please

 

[compro_1975]

milo, is u or sinkie holding genting huh? today like finally wakeup liao happy happy

 

[Sinkie]

milo, is u or sinkie holding genting huh? today like finally wakeup liao happy happy

i dont have genting

yesterday is dji up 81 pts, sti up 11 pts, so today is a test for the bear, and seems like the bull is not really winning the bear. lets see when market turn into profit taking, see the resilence of the bull

support at 143

 

[Sinkie]

the catalyst is JPM's downgrade...

they downgraded because they took a negative view on the sector and negative view on CPO prices.

Zero duty exports for Malaysian palm oil
According to the Malaysian Palm Oil Board, inventories rose 2.4% in December and the price of Palm fell 23% for the year. The decline in prices was attributed to both the increased reserves as well as the global slowdown in China and Europe which hurt demand.

In a bid to reduce inventories, Malaysia removed taxes on exports of crude palm oil (CPO) for the month of January. On Tuesday, Plantation Industries and Commodities Minister Bernard Dompok mentioned that the country will allow exports at zero duty for another month in February. He said that stockpiles should start to decline and a level below two million tonnes will be “quite comfortable”.

Indonesia unfazed by zero export tax
Indonesia, the largest supplier of palm oil announced that it will not be influenced by Malaysia’s decision and will not change its export tax structure for CPO. Indonesian Palm Oil Association had requested for a reduction in exports so as to remain competitive but trade minister Gita Wirjawan declined.

He said that “although the Malaysian government has lowered its CPO export tax to zero percent, we will not… We have set up a progressive palm oil export structure in line with the country’s policy to boost the palm oil downstream industry” (BT Premium)

China & India announces tighter regulations on imports
China, the largest consumer of edible oil imposed more stringent inspections on imports of cooking oil so as to improve food safety. According to the median of estimates form the Bloomberg survey, imports of palm by China may drop to 300,000 tones in January, less than half of those in December because of the new measures.

In addition, government officials from India, the second largest consumer imposed a levy of 2.5% on imported crude edible oils, including crude palm oil. Import duty on refined oils was left unchanged at 7.5%. The change in import taxes is aimed to help the domestic palm oil industry.

With Malaysia setting its tariff at zero, China imposing more rigid rules on imports and India introducing a levy on imports, palm oil inventories in Indonesia could potentially rise to almost 90% of capacity based on the median of estimates from two plantation companies, a refiner and an analyst complied by Bloomberg.

 

[Erwinlow]

just curious, what sectors do you think will perform this year? o&m? healthcare?

 

[chainer9999]

UP FOR MILO

 

[victorlht88]

just curious, what sectors do you think will perform this year? o&m? healthcare?

https://dl.dropbox.com/u/93937355/JPM_Singapore_Strategy_2013_Final.pdf

Just sharing...

 

[blue_line]

anywhere can I pick up this skill of TA? books or online reference that you guys recommend?

 

[Milo-Dino]

Mr Milo offering free service?

I'd like you to comment on STI, Dollar Index, SGDUSD and SPX - their trajectories in the next 3-12months. You see if you can see the daily-weekly-monthly stars align for any of these.

Thank you! I hope im not too greedy.

this one I go home n do... but i suspect S&P is soon ripe for a short position...

 

[Milo-Dino]

thanks man for that advice.

i vested fragrance at 0.29 (when it was high , lesson learnt) and decided to average down when it was 0.26. probably its good for holding in the long run considering it hit 0.5 before the split.

yeah vested interra at 0.425 too, haha well we all make mistakes and learn from there!

congrats!

Interra bounced abit earlier than expected. I heard that interra was featured in zao bao today.

Hope you took your profits

 

[Milo-Dino]

Good take on Gallant. Seems like it's time for me to cut loss for that, entered at .29...

Anyway, was looking at Ezion. Had been down this few days, BB might be taking profits for this one since a long rally. Looking at it fly away real soon, probably after earning seasons.

The other one that I was looking at was Ezra, something similar and in the same industry as Ezion. What's your take on this two?

BTW, this Malaysian Sports TOTO is going for IPO soon on SGX, have you looked at their balance sheet? Care to share more on what are the things you look out for?

Hope to learn more from here!

Ezion, I need to go back and look at charts first since I don't track it diligently.

Ezra from my memory, needs to stay above 1.20.. it's been struggling at that price recently.

As for the ipo, I haven't had the chance to look at the prospectus or financials.... care to help share the link?

 

[Milo-Dino]

support thread

vested in midas, jes, mdr
monitoring midas closely, if no close above 530 or break 540, will consider sell
jes looks like accumulation? rectangle
mdr this i just buy n hold

midas like i mentioned, could be sell on news....

but with holding power for a couple of months.. might eventually hit 60c target... but why risk it if you have profits to take n consider redeployment later?

 

[Milo-Dino]

milo, is u or sinkie holding genting huh? today like finally wakeup liao happy happy

i still holding genting...

haven't break my cut loss point yet...

cautiously optimistic as there might be a hidden buyer...

 

[Milo-Dino]

just curious, what sectors do you think will perform this year? o&m? healthcare?

sorry.. i'm not good at picking sectors... no help from me here

 

[Milo-Dino]

anywhere can I pick up this skill of TA? books or online reference that you guys recommend?

I like to start with candlesticks.... pick the book from steve nison... will be a good read.

I also like books from Alexander Elder.... I sort of adopted a style of trading approach from his "sell and sell short" book

 

[remy3413]

Good take on Gallant. Seems like it's time for me to cut loss for that, entered at .29...

Anyway, was looking at Ezion. Had been down this few days, BB might be taking profits for this one since a long rally. Looking at it fly away real soon, probably after earning seasons.

The other one that I was looking at was Ezra, something similar and in the same industry as Ezion. What's your take on this two?

BTW, this Malaysian Sports TOTO is going for IPO soon on SGX, have you looked at their balance sheet? Care to share more on what are the things you look out for?

Hope to learn more from here!

Hijack abit, i know this is a TA thread, but fundamentally, i don't see any reason why mid caps can command higher valuations than our gems for the O&M - Keppel Corp & Sembmarine

Keppel valuations are off the charts for any blue chip you can currently pick now, whereas Sembmarine on par with Ezion and Ezra. And besides, big caps most of the time command higher valuations than smaller caps of the same industry. This is one warning sign I believe mid caps have run up quite a huge amount.

 

[bencheongcm]

Very nice thread. Up for Milo and Sinkie

 

[Sinkie]

Very nice thread. Up for Milo and Sinkie

Well, I think milo would welcome everyone to post all their charts here. Correct or wrong, experience or noob doesn't matter but most important lets just share our charts.