China HongXing - Breakout to North or to South?

China HongXing has formed a Head & Shoulders and at the edge of breaking out from a triangle. If China HongXing breakout from the triangle and go north with huge volume, the stock may go up to $0.27. Conversely, if the stock breaks out (the triangle support is also the neckline) and heads south, the stock may go down to $0.13.

Hongguo - breaking out from triangle soon but where is the direction?

Hongguo is going to breakout from a triangle but no clear indication where the stock price will go after the breakout. The minor up trend may not be sustainable because it is showing volume price divergence. Need to see where the next few candles go and whether it has enough volumn to support the trend.

Cosco - will be breaking out from the triangle soon!

What goes up must come down, what come down must go up! Although Cosco's stock price has been beaten down recently, it has very big upside potential in the long term although the current fundamental is not really fantastic.


There are signs that Cosco will be breaking out from the triangle soon. The gyration of the wave is getting smaller as every day goes by. The stock price is currently testing its 20D & 50D MA support line. If it breaks out from the triangle and move south, the next support line is $1.15 (61.8% Fibonacci Retracement). If it breaks out and move north, $1.45 will be a strong resistance.

3 Years Historical High = $7.9
Current Price = $1.25 (16% of the 3 years historical high)

Synear - another stock breaking out from triangle!

Synear had a breakout from triangle and closed above $0.28 resistance. If the stock price can hold above this resistance line for the next few days, $0.28 will become a very strong support line.

All Standard Six Technical Indicators shows Bullish Convergence.

Base on Q2, 2009 financial report:
PE = 8.9

Dividend Yield = No Dividend.

NAV = $0.4778
Net Earning = 10.5%
Current Ratio = 7.48
ROA = 7.1% (Base on 2008 Full Year)
ROE = 7.7% (base on 2008 Full Year)
Cash Flow = S$235 Million (41% increase with reference to 2008 Full Year)

Stock Background
3 years historal high = $2.44
Current Price = $0.285 (only 11% of 3 years high)

China Fishery breakout from triangle and looks really bullish!!!

China Fishery has a breakout from triangle and close the session at $1.28 with a hanging man candle today. It has chance to go up to $1.422 (161.8% Fibonacci line) and a very strong support at $1.127 (61.8% Fibonacci retracement) with raising volume.



All Standard Six Indicators showed Bullish Convergence.

• Stock price above 20D, 50D and 200D MA.


• Stock price at the upper band of Bollinger Band.


• Stock price above Parabolic SAR


• MACD blue-red crossover at upper half to show bullish convergence.


• RSI & Stochastic on rising trend.


• Volume is increasing for past few days and 1.6 million shares traded today.

Market sentiment is good today and hopefully will still be good for the next few days. If the stock price can stay above $1.24, short term the stock price may have another 10% upside potential. I will continue to monitor the stock to see whether it will reach $1.422.

If all my Technical Analysis goes wrong, I will hold the stock as Value investment and collect dividend because the company's fundamental is good and the stock is still cheap.

Base on Q2, 2009 financial report:

• PE = 8.1 (Historial high PE is 21.6 in 2005)


• Dividend Yield = 4.3%


• Net Earning = 23%


• Current Ratio = 1.79


• ROA = 12.9% (Base on 2008 Full Year)


• ROE = 28% (base on 2008 Full Year)


• Cash Flow = S$31 Million (Already 50% more than 2008 Full Year for the first 2 quarters due to capacity expansion)

Stock Background

• 3 years historal high = $2.564


• Current Price = $1.28 (only 50% of 3 years high)