We blog about TRITECH when we saw the afternoon movement on its price action. Before market close, there was some accumulation going at $0.069. Tritech gap up to open at $0.073 today and ran to hit a high of $0.082. Congrats to all who longed and profited on it.
Tritech is a very undervalued play when you compare it with the likes of MOYA, CHINA EVERBRIGHT. We saw the award of the new contract in CHINA for CNY $15M. It mark a good start of the YEAR OF 2017. Target level - 10-12cents(3 month time frame).
For all our students who joined our SMS ALERT, we alerted MERCURIUS last WEDNESDAY at $0.031 breakout. We noticed the accumulation range-bound trading pattern of $0.029 -$0.031. Once it break the $0.031 resistance then $0.034, Mercurius is just preparing itself for a huge rally. The huge rally come just in time for our contra-position and took profit off the counters today. Congrats to all who profited on MERCURIUS today. We look forward to tomorrow market surprise.
Congrats all who longed CHINA KUNDATECH on Friday. Today it rallies up early in the morning to hit our target of $0.03. It went up to hit a high of $0.034 today. When it come to penny punting, timing is always important and Friday accumulation was right.
Thumb Up for all YUUZOO supporters today. We alerted YUUZOO yesterday when it was trying hard to break its resistance at $0.147. This afternoon YUUZOO rallied to hit our target of $0.154. It was a superb performance for this counter today, a successful break further will take it towards the 16cents level.
Today we see some profit-taking in the Blue Chips components causing the STI to drop 39 points to 3072. The drag was lead by OCBC profit missing expectations and we feel the rest of the market is only beginning to catch up with the rest of the blue chips components. Profiting-taking today seem to be healthy and not causing panic to the mid-cap and penny space. Today Mid-cap is led by NOBLE GROUP with its strong positive news regarding SINOCHEM. We are focusing on OIL&GAS plays and M&A opportunity among penny counters.
The penny space and mid-cap opportunity is bright ahead and we look forward to another day of action finding good opportunity. Stay Tune as we unlock another day.
Top volume has seen many super rallies in the past few days. We have been concentrating on giving our best shot in the past few months that we do not have time to blog too often. Yesterday we alerted on Interra Resources as we see strong rallies in GSS ENERGY. Both counters do have share some links and the rallies in INTERRA RESOURCES started this morning and hit a high of $0.091(our target). Congrats to all who took profit in it today and we look forward to tomorrow market.
For all those who follow us on our blog daily, we mention about VIKING during the accumulation phrase at $0.031-32. Today VIKING rally off strongly to hit a high of $0.039. Congrats to all who took profit today.
With so much positive news on OXLEY results, a break of 50cents will propel the rally higher. Today Oxley hit our target of $0.54 today closing the year at a new record. It should be able to move higher in the coming session.
VIKING OFFshore we see potential in the strong recovery mode given 2 strong name inside VIKING annual report. Tan Boy Tee is a famous O&G veteran while GKE shares has rally from a low of 8cent this year to a high of 16cents. We will be taking note of VIKING OFF SHORE today. TARGET level - 5-6cents.
After the HK Dual listing run up for $0.22, ISDN has fallen below 20cents. We see ISDN as a VALUE STOCK to take note for given its high NAV $0.37. The stock has fallen from $0.275 high to a low of $0.195, we should see some retracement towards $0.225. Watch closely for ISDN this week.
Del Monte could be one of the Multi-bagger for 2017 given its strong exposure to the Consumer Related Stock. Given a strong rally since Jan for consumer related stocks, we see interest growing for DEL MONTE once growth pick off. It could be a strong noting GEM STOCK worth seeing throughout 2017 and its nice dividend policy.
Vibrant has been trading range-bound for a considerable long period. Today breakout past $0.355 36 and 365 is a begining of an uptrending stock worth looking out for. Remember VIBRANT partner SAM GOI's GSH back in 2015 for a equity stake in GSH PLAZA. Vibrant group net cash has been strong in the last financial year and will be looking out for the breakout towards 40-45cents.
On Monday 16 Jan 2017, the market was trading in negative territory. Suddenly ALLIANCE rallied up from $0.097 to go to touch a resistance of $0.10. We then decided to alert the stock given that there may be news coming out given such positive momentum seen in the stock when the overall market is down. Yesterday Alliance announce their good news regarding their Lithium mining operation, today Alliance gap up at $0.106 to hit a high of $0.115. Congrats to all who profited on ALLIANCE MINERAL. We look forward to picking more quality stocks.
STI started the YEAR with a nice rally on the 1st 3 days of 2017. The 1st 3 days of 2017 has been poisitve if you compare with the start of 2016(Jan). Moving closer towards the 3000 barrier point, we see signs that the index may test the level before Chinese New Year. The penny season has started strongly with the likes of AA GROUP EQUATION EZRA REX NAM CHEONG. We will be focusing on others micro-penny with certain exposure to rallies. Stay tune to our alert this week.
SAMKO Timber long forgetten MIDCAP stocks back in 2013-16 when it was trading from a range of 10cents to 20cents. After completing the right issues last year, SAMKO TIMBER look strong to capture 2017 opportunities. Given the rally seen yesterday and today, we feel SAMKO has more room to run towards 8-9cents. This is a special penny once seen in a blue moon.
Asian Pay Tv yield would be the highest among business trust reits. So a yield at 18.75%, will be see a technical rebound coming with 3 white candle in the past trading sessions? Afternoon will be interesting to watch APTV given that TEMASEK got a stake of 7.98%., will they increase their holdings by buying from CHINA PRC INVESTORS?