ASPI Update as at 16th June 16

EquityChamp · 1 ASPI Update as at 16th June 16 Thu Jun 16, 2016 7:05 pm

EquityChamp

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Market bull run seems to be temporarily halted for sure due to new developments. I can see further room to drop and this time the ASPI will come to around 6300 by next week though this drop will not be as severe as what we experienced on March this year. RSIs are on the verge of oversold region and once it hits there the ASPI can come further down from current levels. So tomorrow and next week we can expect more selling to develop so its a chance for patient buyers again.
ASPI Update as at 16th June 16 Cse_al10

EquityChamp · 2 Re: ASPI Update as at 16th June 16 Thu Jun 16, 2016 7:18 pm

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The top five contributors for today's market slip was JKH, COMB, CARS, SLTL and HNB. All are blue chips and tells a story to you.

VALUEPICK · 3 Re: ASPI Update as at 16th June 16 Sat Jun 18, 2016 9:31 am

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If everything is goes well, we should see kind of strong market or some strong activities between July and September. That doesn’t mean it is going to go up by more than 25%. However it is wise to target some winning fundamentally sound individual stocks in the market.

https://nz.finance.yahoo.com/q?p=finance.yahoo.com&s=%5ECSE

Next strong phase should see from September 2016 to May 2017 provided we don’t see any unforeseen circumstances.

EquityChamp · 4 Re: ASPI Update as at 16th June 16 Wed Jun 22, 2016 9:51 pm

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Well ASPI tried the breaking of the trend but failed. RSI notching the over sold region. Be cautious during the next few days.

Novice Learner · 5 Re: ASPI Update as at 16th June 16 Wed Jun 22, 2016 10:32 pm

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Thanks

EquityChamp · 6 Re: ASPI Update as at 16th June 16 Tue Jun 28, 2016 7:38 am

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Market is riding nicely on the predicted trend line. It should touch 6300 level and should consolidate there as well. RSI is in the oversold region and times are near for value investors to start collection.
ASPI Update as at 16th June 16 Cse_al12

EquityChamp · 7 Re: ASPI Update as at 16th June 16 Tue Jun 28, 2016 3:17 pm

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Its 6307 and deep onto oversold. The deemons of CGT are popping up again. So the question is to me now whether 6300 can act as a support level. Risk is increasing. The risk is hugely increasing..... Shocked

Brinthan · 8 Re: ASPI Update as at 16th June 16 Tue Jun 28, 2016 5:35 pm

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EC sir If the market is break 6300...As per you what is the next support level...?

EquityChamp · 9 Re: ASPI Update as at 16th June 16 Wed Jun 29, 2016 7:50 am

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Brinthan wrote:EC sir If the market is break 6300...As per you what is the next support level...?

Brother sometimes even technical charts can't predict behaviours in CSE as it is hugely driven by emotions. For example look at the drop happen during the first 10 days of March which couldn't be explained by technical. Now the same issue is popping up again so I'm scared of posting here the target of mine Shocked

Pac-man · 10 Re: ASPI Update as at 16th June 16 Wed Jun 29, 2016 7:58 am

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ASI 4250 Keep like target

devinda · 11 Re: ASPI Update as at 16th June 16 Wed Jun 29, 2016 10:33 am

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ane paco

EquityChamp · 12 Re: ASPI Update as at 16th June 16 Fri Jul 01, 2016 12:11 pm

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ASPI hit 6300 as predicted and seems consolidating around 6300. Lets see whether market will consolidate @ this level for the betterment of all of us.