SAI reported today and has impressed me.My only one in IT and with new acquisition yet to be absorbed into its system, will add on additional revenue and value to the company. In the weekly chart, it looks like it is ready to take off again. I like its position as shown in the GAMMA and the long term weekly chart. VWAP is showing $3.99 with volume building on it in the last few days and an increase in SP, maybe ready for a break out.I couldn't get any cheaper than $4 so I have to pay $4 for it.Hope it works out.
------------------------------------------------- Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
SAI is listed as commercial services supplies and not IT, although some of the services and work provided include compliance issues etc. It looks today is a day of distribution from one holder and accumulation by another. Over 3.5 million has been transacted on small amount yet it has not shown up in the market depth at all.The reason for buying is they beat their own forecast and that of many analysts and they have continue to make acquisition to boost scale and thus economy.Management is confident enough to forecast a return of over 30% as compare to the average return of 18%.
------------------------------------------------- Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
------------------------------------------------- Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
Subscribe to our FREE monthly updates
Subscribe to regular Incredible Charts
updates, with new articles on Trading
Strategy, Trading Psychology, Money
Management, Tricks of the Trade,
New Indicators and the Economy.
Add Your Message Here
Post:
Username:
Posting Information:
This is a private posting area. Only registered users and moderators may post messages here.
Password:
Options:
Enable HTML code in message
Automatically activate URLs in message