Wednesday, 26 February 2014

Singapore Stock Watch: Utd Envirotech retraced at $1.30 like what we predicted

Dear Friends,

We got this stock right again!

In the article dated 14th Feb, we mentioned that Utd Envirotech has done well like what we predicted, going from $0.80 plus cents to $1.25.

But we warned that $1.30 is still a resistance. After touching $1.29 recently, it drops for a few days.
http://www.danielloh.com/2014/02/singapore-stock-watch-utdenvirotech.html

Today it stands at $1.23.


It is not easy to make a good judgment to buy a stock! And it is more difficult to predict the point to sell a good stock that is running like crazy!

We have predicted there be a consolidation at $1.30! We are off by 1 cent for this case. It stop at $1.29!

This method that we used consistently to predict the price where stock run halts is what I called "Law of Gravity of Price".

Where we think this stock might be now?

2 scenarios...

1) If it stays in $1.20-$1.30 region for at least 2 weeks without dropping below $1.20, then it has a chance to break $1.30 still

2) If it breaks down $1.20 within 1 month, this stock is heading for $1.10 at least, a good point to pick up the stock would be between $1.05-$1.10!

Let us see if I am right again...;)

Rgds
Daniel
www.danielloh.com

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