As of last week, world crude oil prices have dropped to the lowest price in eight months after U.S. stockpiles unexpectedly increased and a report signaled China’s manufacturing will shrink in Jun 2012. At one stage, oil fell nearly $3 on Thurs (21 Jun) to dip below $80 for the first time since October 2011. Typically, oil price is prone…
Tag: O&M
Cosco – short term economic threats should not jeopardise long term recovery | Technical Analysis | Singapore Stocks
It has been awhile since I last touched on Cosco. During Feb 2011 when I last issued a sell call on technical weaknesses, the stock has tested a significant low of $1.80. That was worsened by the Japan Earthquake which causes much anxiety on a standstill or worsening of the world global recovery. Near term basis, shipbuilding activity and traffic…
KepCorp – decent rise but underperform STI | Stock Prices | Singapore Stock Market
Singapore stocks have a good run up from last month lows. STI recovered a good 11% but KepCorp had only a mere 8%. It’s among the laggards as it’s stock price has breached resistance at $12 to attain 3 years high. Volume has not picked up to my expectations and both RSI, ADX are showing signs of weakening, though OBV…