Tuesday, June 21, 2005

Define Frustration?

TPV close at 1.13 today +0.04!!! Damn! I was too emotionally fearful to contra and see this golden chance of $300 bucks slipped away. However this gain is only 526k in volume as compared to 1.2 mil of yesterday's drop. I say, more retracement is expected.

As for the 3 heavy volume counters yesterday, Singpost(-0.005), Raffles Edu(-0.02) & people's food(-0.035). All lost! Ok I shall quit this stupid daily chart volume breakout thingy.

Another starlet discovered today, Unifiber. Looking at the chart, bullish engulfing with heavier volume. I say this one has a chance to test 0.375 and then 0.390 followed by 0.405. Contra!

Oil price retreated abit but still at US$59. Analysts has attributed the recent rise to hedgefund instead of demand over supply.