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Sunningdale Tech: target 0.17 post by shareinvestor.

01 Aug 2014 07:35

The MACD is positive and below its signal line.

Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline)	Limited Decline
Change In Short Term View	Limited Rise to Limited Decline
Medium Term View (Bullish, Range, Bearish)	Bullish
Change In Medium Term View	None

Our pivot point is at 0.231.
Our preference: target 0.17.
Alternative scenario: the upside breakout of 0.231 would call for 0.252 and 0.264.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (0.22) but above its 50 day MA (0.19).

Supports and resistances:
0.264 **
0.252 *
0.231 **
0.223
0.205 last
0.182
0.17 **
0.158 *
0.147 **
Copyright 1999 - 2014 TRADING CENTRAL

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04-Aug-2014 11:26

Sunningdale Tech / Sunning Tech

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If market conditions continue to worsen, it may go back to 17cts level.

khairsy ( Date: 04-Aug-2014 10:16) Posted:

price is now below 0.20....any upside to this? Appreciate any views. Cheers!

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04-Aug-2014 10:16

Sunningdale Tech / Sunning Tech

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price is now below 0.20....any upside to this? Appreciate any views. Cheers!

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04-Aug-2014 07:50

Sunningdale Tech / Sunning Tech

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Can Sunningdale like UMS rebounds back strongly from 20cts to 22cts level pending the release of its last qtr results?

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03-Aug-2014 15:16

Sunningdale Tech / Sunning Tech

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Whenever a company finds its shares selling far below the intrinsic value it can turn cannibal to buyback its shares. This enhances the value of the exisiting shares, keeps the short sellers from getting too excited and provides a floor to the company' s employee options plans.

AddLuck ( Date: 03-Aug-2014 09:48) Posted:

Up to 2016 to consolidate - but then only for main board.....catalyst exempted....... guess more people and bbs will switch to catalyst for their gambling itch.

Novice13 ( Date: 03-Aug-2014 07:10) Posted:

Any idea when this new rule(at least 20cts and above) is going to implement? Then how would those existing 20cts and below penny stocks going to react? So wat actions will those penny stocks companies take? Will shares consolidation exercise going to be a common practice in coming days in order boost up these companies shares prices in order to retain its Mainboard status?

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03-Aug-2014 09:48

Sunningdale Tech / Sunning Tech

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Up to 2016 to consolidate - but then only for main board.....catalyst exempted....... guess more people and bbs will switch to catalyst for their gambling itch.

Novice13 ( Date: 03-Aug-2014 07:10) Posted:

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03-Aug-2014 07:10

Sunningdale Tech / Sunning Tech

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03-Aug-2014 03:13

Sunningdale Tech / Sunning Tech

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New rules have been confirmed Friday. Major change will be the imposition of a minimum trading price of 0.20 for Mainboard listed shares.

I think this is a good step however my friend Gabriel has pointed out, that won' t prevent such penny stocks rout from happening again. In the early nineties I was a lone wolf in pushing for the circuit breakers after seeing prop traders in similar meltdowns playing that naked short game. Sadly the good intentions fell on deaf ears then. The present moves are retrospective, decades belated and hardly proactive they should have been implemented yesterday. The collateralised new measures, a modified adaptation of the US model is however a timely and prudent policy abeit that 5% is on the low side.

Mainboard listed SunningDale closes 0.20 Friday below its 0.30+ book value with a week to its quarter results. Take care and successful investing everyone )

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02-Aug-2014 16:19

Sunningdale Tech / Sunning Tech

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This does not qualify as a H& S, the clue is in the volume. Instead it is a typical market structure retracement to the 50dma support potentially for the next wave up. Due to reliability and subjectivity concerns H& S is seldom used by the professionals despite the academic noises you may hear the classics still are better references.

Jfierce ( Date: 01-Aug-2014 22:34) Posted:

it has formed a head and shoulders pattern... trend reversal?

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02-Aug-2014 16:09

Sunningdale Tech / Sunning Tech

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When did we say that the charts are bad?

Jfierce ( Date: 02-Aug-2014 13:34) Posted:

Lol... why all so rah rah when the chart is bad?

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02-Aug-2014 13:34

Sunningdale Tech / Sunning Tech

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Lol... why all so rah rah when the chart is bad?

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02-Aug-2014 02:13

Sunningdale Tech / Sunning Tech

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Great work Alex!

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02-Aug-2014 00:11

Sunningdale Tech / Sunning Tech

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Thanks, this is one of the bigger baskets

AddLuck ( Date: 31-Jul-2014 18:28) Posted:

But then, some people also say...." put all the eggs in one basket.....and watch that bloody basket!!....lol!!....I sometimes do that...

victortan ( Date: 31-Jul-2014 18:17) Posted:

dont put all yr egg into one basket, diversify a little.

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01-Aug-2014 22:34

Sunningdale Tech / Sunning Tech

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it has formed a head and shoulders pattern... trend reversal?

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01-Aug-2014 15:46

Sunningdale Tech / Sunning Tech

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Wah yesterday Dow dropped 300 points... today Sg dropped 30 points...

this stock is unchanged... not so bad liao.

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01-Aug-2014 10:14

Sunningdale Tech / Sunning Tech

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Hi guys.....how come sellers keep coming out? not a good sign?

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31-Jul-2014 23:14

Sunningdale Tech / Sunning Tech

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It is a cluster thing that all moves in tandem when a takeover occurs and I think there has been some talks lately like you have mentioned. Great tips, thanks.

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31-Jul-2014 21:36

Sunningdale Tech / Sunning Tech

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In addition, Goh Seng Hooi put money for fun ,Ya???....and SCP also still talking with other parties....wonder who???.....something brewing.....just don' t know which target or targetted. lol!!!!

AddLuck ( Date: 31-Jul-2014 19:08) Posted:

Why my gutfeel??? Stat ChipPAc not in good stead...need power man. SunningDale....NAV at 30+ cts but blocked from rising over 22ct.....takeover cheaply by SCP???

woonie ( Date: 31-Jul-2014 19:03) Posted:

As long as it makes money, it is a good cap.

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