Shares & Derivatives
2 interesting charts – GKE and Innovalues (30 Oct 15)
By Ernest Lim's investing blog  •  October 31, 2015
Dear all, How’s your weekend? Just to share two interesting charts with you…
  1. GKE – ascending triangle formed
On 19 Oct, I have posted a write-up on GKE (see here) where I have written on GKE’s background and future developments. In the write-up, I have pointed out that GKE is in the midst of forming a bullish potential ascending triangle formation. Since my write-up, GKE has risen 11% to close $0.090 on last Fri. Yesterday’s day range was $0.089 – 0.090. With reference to Chart 1 below, GKE’s ascending triangle formation is confirmed with a decisive break above $0.082 on 19 Oct with volume expansion. It has spent the past two weeks consolidating approximately between $0.087 – 0.091 on a closing basis. OBV continues to hover around multi year highs. 21D exponential moving average (“EMA”) has formed golden crosses by crossing ......
Read the full article
By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance