Saturday, July 20, 2013

First Resources: A Short Term Opportunity To Short?

19 JULY 2013
First Resources: A Short Term Opportunity To Short?
By Robin Han

First Resources (FirstRes) was in a strong downtrend for the past two months but it managed to rebound recently. However, from the weekly chart, we can see that the share is still in a clear downtrend.

Besides, we can see that the resistant trendline is quite significant. In addition, after a rebound from 1.65 to 1.735 over the past three days, the stock is currently quite overbought and has a short term risk now.

A stock usually does not change from downtrend to uptrend suddenly. One may consider shorting on strength during rebound as we can expect the stock to have a pull back thereafter. FirstRes released its quarterly report on 14 May, therefore it is not likely to release another financial report before August that would bring sudden uncertainty to the technical chart pattern.


Do take note that this trade is for the short term. The stock may turn uptrend after the pull back we are planning to trade.




Weekly Chart Of First Resources



Daily Chart Of First Resources

Source/Extract/Excerpts/来源/转贴/摘录: sharesinv.com
Publish date: 19/07/13

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Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
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做自己熟悉的事,等到发现大好机会才投钱下去

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“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

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高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

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There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
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“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
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1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
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每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
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