November 09, 2009

SGX- Synear

Hi all,
I'm back. Kind of busy in last 2 wks.

Market started to pick up again with the announcement of Federal reserve of USA. Asia region market reply with a welcome signal hence rally today.

If you have brough a good counter you may want to ride the rally for next few week. the earning season will be end soon so this also give a confidence to the market to come back.

I made an analysis on "Synear", i used to owned this counter.

I see a formation of "Reverse Head and Shoulder", If synear rebounch back to 0.32sgd and stay there for couple of days then the pattern will be confirm. (this may take 2 wks to see it)

Well, When you see a reverse haed and should with aconfirm pattern what will you do? Buy it. The possible high will be 0.40usd.





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