Harmonic Price Patterns

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Backstage wrote:?

TAH there is some uploading issue.

Thanks a lot TAH for the Nest analysis

DIVIDEND ANNOUNCEMENT
19 February 2014

Date of Announcement: - 19.Feb.2014
Dividend per Share: - Rs. 8.00 per share / First & Final Dividend
Financial Year: - 2013
Shareholder Approval: - Required
AGM: - 31.Mar.2014
XD: - 01.Apr.2014
Payment: - 08.Apr.2014
Share Transfer Book Open

Friends .....Technically the upward break out taking place.......watch for initial target 190-200 approximately 15-16% return on this....good luck

TAH wrote:Friends .....Technically the upward break out taking place.......watch for initial target 190-200 :)approximately 15-16% return on this....good luck

Whats the share you are looking at?

balapas, I think its SAMP.

That ASIY charts looks like a inverse version of an Ascending triangle   

TAH, how is S&P doing ?

Lubricants market heading for slippery battle
There are signs of Sri Lanka’s lubricants market becoming a slippery battlefield after April this year.

While further widening the lubricant oil market in Sri Lanka, the Petroleum Industries Ministry is preparing to provide lubricant marketing opportunities to 15 or 20 more new companies from April this year.

Currently there are 13 companies marketing lubricants within Sri Lanka and some 20 more have applied for opportunities.

The ministry is preparing to finalise the technical evaluation procedures on these new companies by April and provide them to enter the market.

If the technical evaluations are satisfactory the ministry plans to provide all these companies with the lubricants marketing opportunities.

However, during a recent conference in Colombo, Senior Vice Chairman of Lanka India Oil Company (LIOC) Sauman Ganguly said that by Sri Lanka providing opportunities to so many companies to enter a small lubricants market in the island, these companies may find it hard to do business in the country.

Even India with a huge lubricants market has only about 25 lubricant companies, he pointed out.

Another argument he stressed on was that since Sri Lanka’s lubricants market does not have stricter controls low quality products could easily enter the market due to the competition among the companies.

Apart from this, there are only two companies engaged in the petroleum sector and less than 10 in the telecommunications sector, Ganguly further pointed out.
http://www.adaderana.lk/bizenglish/?p=950

Sri Lanka begins work on PayPal
Ada Biz Admin Top News March 10th, 2014 0 Comments 544 views
A Sri Lankan bank has begun negotiations with US based PayPal to become its domestic partner bank for inward remittances, Central Bank Governor Ajith Nivard Cabraal told the foreign media in Colombo.

The Central Bank currently allows outward payments through PayPal via credit cards but the monetary authority prohibits receipts and withdrawals from domestic bank accounts.

However, the Central Bank has planned to ease restrictions and allow inward payments.

PayPal, a popular and comparatively low cost money transfer service will help boost mobile commerce, electronic fund transfers, supply chain management, internet marketing and online transaction processing.
http://www.adaderana.lk/bizenglish/?p=908

Any guess for the Bank.
Will it be Government Bank :BOC / Private Bank : Sampath
or Bank with Global Presence: HSBC

serene wrote:Any guess for the Bank.
Will it be  Government Bank :BOC / Private Bank : Sampath
or Bank with Global Presence: HSBC

A reasonable guess is Sampath as they always boast of being the "First" for certain type of products

Similar story reported few weeks ago

http://www.lankabusinessonline.com/news/sri-lanka-bank-in-talks-with-paypal-for-inward-payments:-cb-governor/1957188082

PLC will be good if we can buy around .50c ~ .70c below CMP, looks though it will come below

TAH,

can you post your abbreviation vocabulary like CMP etc ?

TAH wrote:PLC will be good if we can buy around .50c ~ .70c below CMP, looks though it will come below

Current Market Price.

TAH wrote:Sri Lanka begins work on PayPal
Ada Biz Admin Top News March 10th, 2014 0 Comments 544 views
A Sri Lankan bank has begun negotiations with US based PayPal to become its domestic partner bank for inward remittances, Central Bank Governor Ajith Nivard Cabraal told the foreign media in Colombo.

The Central Bank currently allows outward payments through PayPal via credit cards but the monetary authority prohibits receipts and withdrawals from domestic bank accounts.

However, the Central Bank has planned to ease restrictions and allow inward payments.

PayPal, a popular and comparatively low cost money transfer service will help boost mobile commerce, electronic fund transfers, supply chain management, internet marketing and online transaction processing.
http://www.adaderana.lk/bizenglish/?p=908

Its very good news.

ASPI should make advance to at least 6250 as long as 5750 levels not reached.

chart on ASPI to follow shortly .....

TAH wrote:ASPI should make advance to at least 6250 as long as 5750 levels not reached.

  

This is the SPSL20.

The reversal we have seen if continues could take us closer to 3500.
another reversal may trigger at 113 Fib levels should the current momentum looses...



TAH

Thanks TAH. Your analyses are very useful !

sashimaal wrote:Thanks TAH. Your analyses are very useful !

The Break out is yet to see on S&P, this should take place next week.
However until this this is confirmed the Negative Market sentiments will be there .... (the breakout should be Price action breaking above Last High )

TAH wrote:This is the SPSL20.

The reversal we have seen if continues could take us closer to 3500.
another reversal may trigger at 113 Fib levels should the current momentum looses...



TAH

the initial PA should take us with momentum towards 3300   

Wish that this will be followed by better news in Geneva.