Monday 13 August 2012

Aug 10th Update & New Uptrends: Crude Oil, Bank of China / East Asia

Cisco Systems Inc. closed in the red today at $17.54 down 0.90% for the day but its recent price increase has resulted today in a Buy to Cover completed at $17.54 as it closed above $17.17 (trigger price set on 06/29/12).
Avon Products Inc. has triggered a Buy to Cover today at $16.28 which will be completed if it trades above that price next Friday.
Sprint Nextel Corp. remains amazing, strong uptrend for the past 2.5 months now up 87%.
Chesapeake Energy Corp. is still trading above its Sell Stop price of $17.20 so the Long position and uptrend remain valid.
The recent uptrends triggered on the charts for the folowing stocks is now showing some positive returns (1.37% to 6.86%): CNOOC LtdSuncor Energy Inc,., Cheung Kong (Holdings) Ltd and The Wharf (Holdings) Ltd.
SNC-Lavalin Group has been declining over the past two weeks and as of today has triggered a Sell Stop at $37.50 for the upcoming weekly closing price.
The downtrend signal received on July 27th for HSBC Holdings plc (5:HK) has been pushed back and has resulted in a Buy to Cover signal today set at $68.35.

New Trends Formation
Oil Crude (Sweet) new Buy signal confirmed at $92.87  
Bank of China Buy signal also confirmed at $2.99  
And Bank of East Asia Buy signal at $28.65  

Update on previous positions

  Buy Sell ShortBuy to Cover10-AugGain/Loss
USDate Date Date Date   
Cisco Systems, Inc.    5/4$19.128/10$17.54$17.539.07%
Avon Products, Inc.    5/11$20.19  $16.2824.02%
Sprint Nextel Corp.5/25$2.62      $4.9287.79%
Chesapeake Energy Corp.7/6$20.04      $19.68-1.80%
CNOOC Limited (ADR) 7/20$202.75      $205.521.37%
Suncor Energy Inc. 7/20$30.07      $32.056.58%
Oil Crude (Sweet)8/10$92.87      $92.870.00%
           
           
           
CANADIAN          
SNC-Lavalin Group Inc7/27$39.93      $37.50-6.09%
           
           
Hong Kong          
Wharf Holdings Ltd (4:HK)7/6HKD 45.25      HKD 47.354.64%
Cheung Kong (Holdings) LTD (1:HK)7/20HKD 102.00      HKD 109.006.86%
HSBC Holdings plc (5:HK)    7/27HKD 64.15  HKD 68.40-6.21%
Bank of China (3988-HK)8/10HKD 2.99      HKD 2.990.00%
Bank of East Asia8/10HKD 28.65      HKD 28.650.00%





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