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| Friday, October 13, 2006 |
| BeautyChina 12th October 2006 (updated) |
Three things to note.
(1) At $0.71, BeautyChina's price began to pick up after it dropped to a $0.40++ several months ago. This shows a strong reversal of trends after sustaining at this range for long.
(2) It has an upward trend ever since although it still struggles to beat the resistance point at $0.80. After breaking the strong resistance point, it is evident that price will surge.
(3) The PVT is increasing. This means that there is more activity. Furthermore, concentration of buyers far exceed the concentration of sellers.
Status: Buy at about $0.88. (although price is $0.90, it will fall as it is unable to sustain at such an accelerated surge in price)
Target: Conservative target of $0.91 to $0.94. Could wait till $0.98.
*****************************Updated on 13th October 2006 ************************
Status: Sold at $0.91
Target reached.
Manage to get returns of 3.40% in 1 day. :)
*********************************************************************************Labels: BeautyChina |
posted by Nenix @ 2:55 PM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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