Technical Analytics & Charts (2)

I have a feeling, CSE will be shining soon..   

pathfinder wrote:

traderathome wrote:Don't miss the trade on SAMP @175   seeing a bottoming out/inverted head and shoulder

I won the bet  

Path 172 CMP will it fall to 160    

Here is the Updated chart on S&PSL20 effective tomorrow....

Looking for concentrated effort to break 2 Resistance Levels in the RUNUP.

[You must be registered and logged in to see this image.]

The circled Candle gives a clear Signal that the BULLS are still in control.

This should follow up with a Doji or BULLISH candle....

Its the Market to Decide
TAH

As suggested we closed today in green. next two days would b crucial to close in green as well.  

traderathome wrote:As suggested we closed today in green. :)next two days would b crucial to close in green as well.  

Why not a dark green day tomorrow, just before well coming super November...

UAEBOY wrote:

traderathome wrote:As suggested we closed today in green. :)next two days would b crucial to close in green as well.  

Why not a dark green day tomorrow, just before well coming super November...

Can we close tomorrow with a HIGH....  

traderathome wrote:

UAEBOY wrote:

traderathome wrote:As suggested we closed today in green. :)next two days would b crucial to close in green as well.  

Why not a dark green day tomorrow, just before well coming super November...

Can we close tomorrow with a HIGH....  

It's Friday too.A shot at 6000 possible. 

Todays interest on ASIY in the morning trading around 3.2-3.4 could it be due to some info on improved financials for the quarter ending 30.9.13

Tea cheers!

Published : 12:42 am November 7, 2013 | 579 views | No comments so far | Print This Post | E-mail to friend


◾Colombo Tea Auction brews highest-ever average in rupee and dollar terms in October

The cup that cheers is toasting best news much to the delight of the tea industry as October has produced highest-ever prices on average, according to two brokers – Ceylon Tea Brokers Plc and Asia Siyaka Commodities Plc.
The Colombo Tea Auction has brewed an average of Rs. 494.88 per kilo in October vis-à-vis Rs. 408.17 in 2012, reflecting a Rs. 86.71 increase, Ceylon Tea Brokers Plc said.
“This is the highest-ever monthly auction average recorded at the Colombo Tea Auction,” Ceylon Tea Brokers said, adding that the previous highest average was in September 2013, which recorded Rs. 475.83.
“Even in US$ terms the growth is evident YOY. October 2013 average of US$ 3.78 shows a growth of US$ 0.66 vis-à-vis US$ 3.12 of 2012,” the broking firm said.




Another significant feature was the Low Grown average for the month of October 2013 which recorded Rs. 530.51 is also the highest on record. Furthermore, for the month of October 2013 Low Grown average of Rs. 530.51 shows a growth of Rs. 118.83 vis-à-vis Rs. 411.68 in 2012.
The Low Grown auction average for the sale No. 43 of 29/30 October 2013 recorded Rs. 559.38, which was the highest-ever Low Grown weekly average. High Growns recorded Rs.435.03 for the month of October 2013 as against Rs. 420.35 in 2012 (+Rs. 14.68). Medium Growns stood at Rs. 430.50 for October 2013 vis-à-vis Rs. 372.42 in 2012 (+Rs. 58.08).
Asia Siyaka said October 2013 reached a highest-ever Rs. 494.88 per kg, improving the previous month’s total average of Rs. 475.83. “Depreciation of the rupee did play its part, but in US Dollars too the figure is also the highest-ever,” it said.

The national average converts to $ 3.82, beating the previous record of $ 3.78 set in 2009. In that year there was a global shortage of supply, caused by poor growing conditions in the southern hemisphere. In Sri Lanka too production was sharply lower.
Asia said this year’s October national average was boosted by exceptional prices paid for Low Grown teas, which sold at Rs. 530.51 per kg. “This is the first time teas from any elevation had sold at an average price in excess of Rs. 500 per kg,” it added.
Previous record was Rs. 494.96 set in September 2013. The market for High Growns peeked at a highest ever Rs. 451.43 in September this year. By October prices have declined but the average was yet at a relatively high Rs. 435.03.
“Unfortunately prices realised from this elevation in many instances did not match the sharp rise in cost of production resulting from loss of crop due to adverse weather,” Asia said.
Mid Growns teas were sold at a highest-ever Rs. 430.50 per kg. Orthodox leafy teas from this elevation benefited the strong market for Low Growns. In US Dollars the High Grown September Rupee average converts to $ 3.45 per kg, well below the record levels set during September to November 2009 when $ 3.55 was realised. Similarly Mediums realised a highest-ever $ 3.42 in September of that year.

http://www.ft.lk/2013/11/07/tea-cheers/

This could be the article that got ASIY interested in the yesterdays morning session.... and perhaps anticipated good financials for the quarter.
However if the good results can be reflected in the dividends payout at the end of the year or (interim which I doubt) say with ASIY & CTBL 25c final dividends (hypothetical)... it would mean min 7.5% (25c/3.3CMP ASIY) return by way of dividends & 6% for CTBL (25c/4.2CMP)
The expectation with ASIY would be high but let us assume we stick to 25c more conservative final dividend.
If I try to compare the same with JKH that should give Rs 17/- dividend per share trading at 225/-. How is that for a return.
Further if we apply same principle on CTBL, JKH should yield a 13Rs dividends.

There are however 2 issues will people be able collect ASIY & CTBL at 3.2/3.3 or 4.1/4.2 without affecting the market price.  

we saw yesterday how easy ASIY to trade between 3.2-3.5.....and same would apply with CTBL 4.2 to go to 4.8/5Rs easily if the dividends are better than last year.

This is the time for medium term traders and investors.....to compare some of the high caps such as NEST and CTC to compare the dividends pay out with some of the smaller penny stocks, to see the cost of opportunity lost medium term.

CTBL looks resilient...ASIY liquid trading 3.2-3.4 yet again.

S&P20 Red Days......

May see a reversal from next week.......  

So stay tuned  

SAMP is below 170

Will it come to 165.....

CLND - 38 & 33.5 would be attractive.

This is the updated S&P20 Chart.
The reversal we saw last week was not able to sustain the Gains and reversed all gains.Therefore not able to shoot above 3300.
A reversal is expected between 3225-3200 levels for another attempt to break 3300.
Please note 3300 would be another hurdle in the path as the Longterm resistance may come into equation.

So its better to be cautious.

[You must be registered and logged in to see this image.]

The Forum has become dull similar to CSE activity in recent past......

I remember similar to last year pre September. we had a period of negative and bearish sentiment, and the market picked up all of sudden with changes that took place in SEC.
the economy is in somewhat better position than last year with gdp growth this year to be 7.2 compared to below 7
with more foreign investments expected to flow in, and rupee to appreciate and global economies and events to improve...could trickle the benefits for our exports....I am biase on CSE.

traderathome wrote:This is the updated S&P20 Chart.
The reversal we saw last week was not able to sustain the Gains and reversed all gains.Therefore not able to shoot above 3300.
A reversal is expected between 3225-3200 levels for another attempt to break 3300.
Please note 3300 would be another hurdle in the path as the Longterm resistance may come into equation.

So its better to be cautious.

[You must be registered and logged in to see this image.]

S&P20 fell below 3200 and still not able to pop up 3200. But I don't wanna give up on the attempt that S&P will make coming weeks.

TAH

Its 3200 for S&P and 5800 for ASI. Both are unable at the moment to Hold on above these levels.

The Updated Chart on S&P20
[img][You must be registered and logged in to see this image.][/img]

traderathome wrote:The Updated Chart on S&P20
[You must be registered and logged in to see this image.]" />

Whatever ASI and S&P going one way in new year.Anyway who are you? 

traderathome wrote:The Updated Chart on S&P20
[You must be registered and logged in to see this image.]" />

It's after long time mate. TAH, Do you also think 2014 will be prosperous for CSE??

We should have Technical RUN 02.01.14 on S&P20

traderathome wrote:We should have Technical RUN 02.01.14 on S&P20

Not the technicals,Sentiment will drive both indices higher in this January.

The upper line of the bearish channel got broken few days earlier....that's the positive for the Run.......

However I keeping my fingers crossed because the break out to the higher was on thin trading know ?

That's the worrying factor.....

But its important to Gain on this current Mini Trend

Good luck and let 2014 be a prosperous happy new year....

TAH

Leon wrote:

traderathome wrote:The Updated Chart on S&P20
[You must be registered and logged in to see this image.]" />

It's after long time mate. TAH, Do you also think 2014 will be prosperous for CSE??

did we touch the 1st target   

I will be cautious around 3425 .... Some can off load

traderathome wrote:

pathfinder wrote:

traderathome wrote:Don't miss the trade on SAMP @175   seeing a bottoming out/inverted head and shoulder

I won the bet  

Path 172 CMP will it fall to 160    

Hey Buddy,

I think I won the BET I guess on SAMP eventually....  

traderathome wrote:

traderathome wrote:

pathfinder wrote:

traderathome wrote:Don't miss the trade on SAMP @175   seeing a bottoming out/inverted head and shoulder

I won the bet  

Path 172 CMP will it fall to 160    

Hey Buddy,

I think I won the BET I guess on SAMP eventually....  

After few attempts   

Seeing shares gaining the momentum......

Good Luck

TAH

DJI
S&PAUS200
HK50

All DOWN