Advice on Technical Analysis on SGX Stocks, how to trade it with japanese candlesticks..and trade with other parameters to gauge the direction of a particular stock if it is uptrend or downtrend..Of course this is only my personal view with disclaimer on my website. "To check Disclaimer, it is on the left top of the website here"

Thursday, February 11, 2010

Latest News: Sinotel Wins Maintenance Contract from China Telecom

Well, latest update news from Sinotel Technologies, winning a maintenance contract from China Telecom.

Will this have impact on Sinotel Technical Analysis share price which currently stands at 0.485?

When I check entire graph on the stock price movement for Sinotel, it is forming a double V-formation since 18 Sept 2009. I would say the short-term play on this stock will be at 0.540 - 0.555, from there on we will see what is the strategy Technical Analysis for Sinotel..

Anyway, for today's candlesticks on Sinotel, it has formed a signal on White Opening Marubozu
Bullish Harami, meaning it will depends on if the market opens with a gap, this stock will be pushed further to 0.54 - 0.555 range.

As usual , SOBAYOR,

Star-Trader

1 comment:

  1. Anyway, for today's candlesticks on Sinotel, it has formed a signal on White Opening Marubozu
    Bullish Harami, meaning it will depends on if the market opens with a gap, this stock will be pushed further to 0.54 - 0.555 range.

    ReplyDelete