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Monday, 31 December 2012

SinoGrandness: 31 December 2012, Monday, 10.25am Singapore Time

SinoGrandness: 31 December 2012, Monday, 10.25am Singapore Time

SinoGrandness, to me, is "The King of China Stocks listed in Singapore", because it represents the rare quality S-Chip out of the many thrash S-Chips out there in Singapore, and it is a strong trending stock.

SinoGrandness remains in a strong uptrend, has undergone re-accumulation phase at a higher price compared to its lows, and now has much more upside to go; the uncharted waters are the limits.

The three Longing/Buying points are illustrated in the chart.

$0.59-$0.61 is now the next level of support to serve as the launchpad for uncharted waters; should $0.59-$0.61 fail to hold, SinoGrandness becomes a straight sell. Otherwise, hold this stock as an investment until new highs keep breaking up in 2013 for SinoGrandness.


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