I am not vested in this counter.
But, I do want to use Ichimoku to do a case study on it.
For the purpose of the study, I will only focus on the movement for the last 2 months. (<< It gets worse if you look at the chart from Sept 2009).
I am not vested in this counter.
But, I do want to use Ichimoku to do a case study on it.
For the purpose of the study, I will only focus on the movement for the last 2 months. (<< It gets worse if you look at the chart from Sept 2009).
Today, I am just going to stray away from the US stocks and briefly discuss about 2 stocks on the Singapore Exchange.
1. Wilmar, in the commodity sector. A darling that has went 3 folds since the lows in 2009. It was also included in the STI Index last year.
2. OCBC. One of the 3 major banks in Singapore and I believe, is part of the STI Index as well.
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A little bit of good news (and bad news) depending on the point of view.
1. SVA announced that the underwriters will be exercising their option to purchase an additional 1.5M common shares to cover over-allotments.
2. This is good news as there is demand for the shares.
3. The downside of course is the dilution.
4. So, where do we go from there. My bet is that the price will not fall much further. We should probably see some support coming.

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