In a previous post in september, I blogged about SUPER and how it technically looks like it was breaking out. Well, we all know why now.
Anyway, if it succeeds that means that my plans for having some beverage company shares just went down the pipe. So now that I finally have got some time, I'm looking at some stocks that are on my radar in terms of price and technicals.
Dairy Farm
Dairy Farm is in channel resistance and may well go back to test $6.20, where a good buy will be.
HongLeong Asia
This is a new stock I'm interested in. Price has been in a consolidation for a long time and nearing the bottom of the range. The next move will be within a month if the TL is to be respected or broken.
Some facts about HL Asia.
Hong Leong Finance
Not to be confused with the above company, this share has been in a down channel. The inverted head and shoulders pattern is too long on the right shoulder and should be a continuation pattern. $2.01 is a good price to enter.
Lippo Malls
Lippo Malls Tr now on the support of a upward channel. May be a good price to entire considering the long wick at the bottom of the channel signalling strong buyer interest.
OCBC bank
Has broken out of the triangle and now at resistance. Price probably targets the yellow resistance
OUE has broken out of the downward channel and at the resistance now. Targets $2.0.
QAF
This is one stock that splits its investor's faces into grins. Price has run higher than I initially thought. Nevertheless, I think $1.10 is still a good buy when it comes down. Be wary of buying in at current price, as shown on the chart.
SATS
SATS price is still hanging around. Support is $4.50.
This share is still hanging out at the bottom. So risk is a drop to 0.65 or even towards, 0.58.
Thai Beverage
If you think that beer is going to sell like me, you'll be interested in this stock. 0.81 will be ideal, but i might nibble here as it is near short term channel support.
Wingtai
Wingtai at $1.4 will be a good buy. This stock may be hit next year due to recession that may happen.
