Investment Knowledge: Extensive
Intrested in: Fundamental analysis
fung9815 is a member since 05-Jul-2011.
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[YTL] YTL: Shares buy back in an uptrend

I understand that YTL had always bought back their own shares especially during market downtrend, but they bought back 6.4 million shares since the gap-up on 30 May. That clearly indicates something with this counter as YTL has always been prudent on their investment moves. Thoughts?
7-Jun-2012 3:38 PM

[DIGISTA] Cup-and-handle

Digistar has been forming a Cup-and-handle formation since June 2011. Major break-out soon? I took into the consideration of this:- Supporting the formation: - Uptrend before the formation - Except for the slight rise in November 2011, otherwise the U-shape cup was solidly formed - Volume dried out in the current potential "handle" Not-supporting the formation:- - Huge run-up prior to the Cup formation, which decrease the chances of more run-ups - The peak at the end of the U-shape cup was much higher than the beginning one, which may not comply to the Cup-and-handle theory (= U-shape should have same peak at both ends) - Handle fell too low. According to Cup-and-handle theory, the general rule is a downward movement of 1/3 the Cup. However, given the low P/E, I do expect more run-up in the future. Thoughts?
7-May-2012 3:40 PM
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