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Tuesday, 8 May 2018

Creative Technology: 8 May 2018, Tuesday, 10.45am Singapore Time

Creative Technology: 
8 May 2018, Tuesday, 10.45am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the Technicals for Creative Technology, the soundblaster company that used to dominate the world but is making a comeback with breakthrough sound technologies that have been patented. If you have been following me for a long time, you will have known that I am a number 1 supporter of anything that is intellectual, high order or high tech. Creative Technology has developed new Intellectual Property (IP), and this is its new fundamentals. Markets are giving endorsement with confirmations after confirmations. The moving average band of supports will be used to launch further uptrends. The volume flow has been extremely good. I would endorse it as Excellent Rating. The projection based on current technical, assuming it does not get negated, yields $13.80 as next target, a multifold multi-bagger gain. The technical price structure for Creative is as follows:

Long Term: Bullish (Uptrend)
Mid Term: Consolidation
Short Term: Consolidation
Immediate Term: Consolidation
Overall: Bullish

Additional Note:
This kind of price structure often tests one's patience, but is a high-rewarding one. If one does not expect to pay patience, then one should not expect oneself to get paid with high rewards of life. 
This is a fundamental Zen Principle of Cause and Effect of Life.

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