Thursday, 23 September 2010

Chart - Hiap Seng

It is extremely amazing how powerful DBS research is these days. It started with its buy call on Biosensors, followed by JES, followed by Hi-P and today it is Hiap Seng. All the stocks it covered “gap up” upon coverage.  Are the good old days are back?!?!  Anyway, Hiap Seng showed a long red candle today where it gap up on opening and then closed at its low. This is a bearish candle where short sellers can short with a buy stop slightly above today’s high. Do be careful if you are those who ‘buy at whatever opening price’ cos the good times won’t last forever.   

1 comment:

Harry said...

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