Wednesday, 21 May 2008

Tat Hong

Today i entered Tat Hong at around 2.18. My entry could have been better at 2.14 but i was busy the whole morning and was able to look at the market only after lunch. Tat Hong is poised to announce its results for the Financial Year ending 31 March 2008 on May 28. With the Bollinger Band tightening and all the indicators cutting up, the first target is around $2.40-$2.50, followed by $2.80-$3 if the price breaks above the $2.50 resistance. The target prices of the investment houses are as follow:

5 May 08 Citigroup $3.15
23 Mar 08 Goldman $2.80
17 Mar 08 UBS $3.38
13 Mar 08 Credit Suisse $3.50
22 Feb 08 CIMB $4.43
14 Feb 08 DBS Vickers $2.70

CH Offshore - I missed this counter today although i wrote it down in my trading journal. :)

Biosensors - Hit my first target today.

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