Tuesday, 22 October 2013

Singapore Stock Tip: OSIM reached our target of $2.17!

Dear Friends,

I did issued a call on OSIM saying that breaking out of $2 seems likely. My 2nd target price is $2.17-$2.20.

http://www.danielloh.com/2013/09/singapore-stock-tip-osim-2-break-seems.html

Of course, for this case, we did not get the timing perfectly right as it did retrace back to $1.89 before penetrating the $2 resistance. It went straight to our target of $2.17 in a few days. The reason for the retracement is the debt ceiling and govt shutdown worry.

But as I always say, if you select a strong fundamental stock, it should always come back. And although we may be stopped out at $1.95 amid the drop, I will always be looking to buy back at $1.95 when it comes back up.



However I think now, it deserves a rest, at least consolidate for a while before moving again. If you are in short term, today will be a good exit point.

If it breaks off $2.20, it needs to rest for quite a while between $2.21-$2.29.

Regards
Daniel

958访谈9月21日:展望2017年股市与经济:美国联储局都不看好美国经济?

·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...