Thursday 6 December 2012

Singapore Stock Tip: Be careful of Ho Bee

Dear Friends,

Ho Bee recent rise is of a concern to me. There are 3 prices I looking at to stop this rise. $1.7, $1.75 and $1.8. Now at 1.705

If it drops past $1.7 with high volume, may even consider a temp short. Short term play.

If it continues up, 1.75 and 1.8 are brick wall it has to climb.

Though fundamentals are good, this stock needs a good rest probably... if you have not entered to buy, stay in the sideline and wait for better opportunity

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