As requested by sunningdale. Listed since 9 February 2004 on SGX Mainboard, United Test & Assembly Center Ltd provides test and assembly services to the semiconductor industry and has been listed as the 9th largest independent provider of semiconductor test in 2002. Headquartered in Singapore, the Group has manufacturing facilities in Singapore and China.
Technically, today prices broke the resistance at .76 and closed at .77 with above average volume. Next res to breakout from is at .78, once taken out convincingly, next significant res lies at .835/.885 . Support is established at .7
25/.695 . RSI shows good strength and is trending nicely upwards towards the overbought zone(above 70%). That does not mean the stock is 'overbought' per se, only when rsi starts to cross the 70% mark downwards that signifies the overbought position is undergoing selling down.
Once again, i do not stress enough the advantages of having a charting software to practice what we are talking here. With every steps we make in practising, we are progressing forward in our stocks' knowledge. I would like to share the thinking process that helps in our decision-making on whether to buy a certain stock; First, do u hv a compelling reason to believe its value will rise in the immediate future? Second, the question we must always ask ourselves before making any trade is: do we know the risk/reward ratio of entering the stock? The potential reward(gain) must outweigh the potential risk(loss) and by as much as possible. How do we know the ratio u ask? The details all in the chart. Where are the resistances and supports, how is the strength of its current trend are all the information we can use to gauge the potential reward(gains) and risk(losses).
Technically, today prices broke the resistance at .76 and closed at .77 with above average volume. Next res to breakout from is at .78, once taken out convincingly, next significant res lies at .835/.885 . Support is established at .7
25/.695 . RSI shows good strength and is trending nicely upwards towards the overbought zone(above 70%). That does not mean the stock is 'overbought' per se, only when rsi starts to cross the 70% mark downwards that signifies the overbought position is undergoing selling down.Once again, i do not stress enough the advantages of having a charting software to practice what we are talking here. With every steps we make in practising, we are progressing forward in our stocks' knowledge. I would like to share the thinking process that helps in our decision-making on whether to buy a certain stock; First, do u hv a compelling reason to believe its value will rise in the immediate future? Second, the question we must always ask ourselves before making any trade is: do we know the risk/reward ratio of entering the stock? The potential reward(gain) must outweigh the potential risk(loss) and by as much as possible. How do we know the ratio u ask? The details all in the chart. Where are the resistances and supports, how is the strength of its current trend are all the information we can use to gauge the potential reward(gains) and risk(losses).
1 comment:
Note m50 100 200 are still bearish, while m10 20 30 are bullish.
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