A Singapore Stockmarket Blog Technical Analysis Charts IPO Forum
posted by Tradesman at 4:15 PM
My record of Lu zhu, at last crash it hit bottom of 49 cents, still above the IPO price, after reaching the 56 weeks' high before dividend paid out of $1.12. The recent retrievement of price was from 49 cents low to recent high of 84 cents before dip into the current price level of 78 cents. As the China economic and world demand on sugar still high, and with the NDP days draw near, it should be trading at the support level from 68 cents to $1.20 level.Price trends usually followed Pine argi and most of China stocks. Once the price of pine agri collapse, Lu zhu sure followed it to collapse.
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2:25 AM, May 22, 2009
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