Wednesday 9 January 2013

Singapore Stock Tip: The resurgence of Yang Zi Jiang and the shipping industry?

Dear Friends,

Shipping industry seems to have bottomed with China Shanghai Composite recent rally. Will this industry be the comeback industry? Will the recovery of China and Europe economy in 2013 power the 3 shipping giants? MAYBE!

Looking at the charts of NOL, Yangzijiang and Cosco, Prefer Yang Zi Jiang. There may be accumulation taking place, and slightly above the psychological support of $1, it makes the reward higher than the risk. I also looking at NOL, today also running 4 cts. prefer not to chase NOL, let us see whether they consolidate. Cosco still below $1, wait for it to burst thru or consolidate to $0.90 before taking another look.

Yang Zi Jiang can be both a long term or short term play. Long term you may want to hold until Europe and China economy becomes better this year. Short term trading, pls take note of all 3 companies' earnings this quarter. It is still be a risk to hold this stock thru its earnings.

Price now: $1.03
Short term target 1: $1.10,
Short term target 2: $1.17-$1.20

Stop loss: $0.97

Apple 5G phone will be a revolution! How do you take advantage of this hype?

Dear Friends, It is a well known fact that US is trying to catch up with the 5G technology of China. That is the reason why US has viewed ...