STX OSV
By Mr. IPO  •  January 8, 2013
STX OSV

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I spotted this yesterday at 1.325 (before it closed at 1.34). Didn't manage to buy as i hesitated too long since i was still expecting to see a STI correction in the coming days. It has a nice bullish divergence between price and the various indicators. The first target for this rebound should be around 140-145. Don't think it will go below 122 since that was the M&A transacted price.

Some of my previous recommendations (such as Noble, Capital Retail China, Sembcorp Marine, Sembcorp Industries) have hit their second targets so you either take profit or remember to put trailing stops to them.

Happy trading.

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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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