OCEANUS GOING TO BREAK THE 0.47 RESISTANCE SOON

Oh winstorn, no breakout through 0.47 resistance. Now abalone is only 35 cents - pitiful. The Taiwanese love it more. Now equivalent of S$0.618. A lot now hinges on Q4 results to be released this week. Dr Ng Cher Yew is either smiling or scowling.

Healthy correction of the market - but how long more? Sentiment has been improving of late, but not very strong. Oceanus is 35.5 cents, an undervalued counter? Or fair value? I think it\'s the latter..... If there are new catalysts, then the stock can rise sharply. a) Foreign house coverage. b) Institutional fund buying.

Daiwa analyst has lots of issue with Oceanus, downgraded it to fair value of 31.5 cents. How like that? Too high expectations have been raised by the management.

Hi Harlequin, Oceanus price now of 0.34 had already cut the 200MA line ie to means downtrend. As CNY is just over, the excitement of abalone is no longer there. I anticipate heavy selling pressure on Oceanus to 0.32 which is a very strong support level. But if this level breaks, better cut position or short this counter.

oh no... but why Taiwanese value it so high?

Heard foreign house going to initiate on Oceanus soon.... Anybody heard anything?