Review: Sino-Env
For the last few days, Sino-Env has started a slight descend since its peak of $3.00+. However, I'm not worried yet.
Sino-Env is still a fundamentally strong company, and there is no reason for the price drop (price rise was due to placement of shares). The price drop currently is just a flow of cash out of Sino-Env to other stocks right now that are rallying.
Historically, Sino-Env is "immue" to market corrections, remembering August 06. The chart shows a healthy base during the period where most other shares are struggling.
And boxed up in those three red boxes, show similiar patterns as what we are seeing for the last few days. The share closes at a low point on the chart, and its almost sure to rally the next day. The logic behind this is investors see it as a good point to accumulate.
I'm saying with 70% certainty, Sino-Env will rally latest on Monday, due to possible profit taking seen on Fridays.
4 comments:
"I'm saying with 70% certainty, Sino-Env will rally latest on Monday, due to possible profit taking seen on Fridays."
To time the market is one of the 'Greatest Sin'as a stock investor.
Btw, I like your good job here!
hi, is there a time frame to hold on to this stock or should we wait indefinitely till target price of $3.40 is hit? Tks for advising :)
With regards to how long we should wait, i'm more inclined towards fundamental analysis. However, i do like to exercise "market timing". But it should not be overdone, as "anon" said in his comment.
IMO, Sino env is an extremely promising company to hang on to, until the fundamentals change. I think it might just be the next keppel ($17+ now) and in a shorter term, maybe like SGX($7 high recently).
So keep holding sino env for as long as you can.
Admirable blog post.Providing review of Sino-env firm and their Best SGX stock picks and shares in the market.
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