JES International Holdings SGX - COT Proxy - Time to Buy?

JES International Holdings SGX - COT Proxy - Time to Buy?

I received a request to do a COT Proxy on a SGX stock JES International. This company operates a shipyard in China. I would normally avoid S-Chips stocks (China stocks that are listed in Singapore's SGX) but we will take a look at this anyway.

The price have surged last week from the low of 0.145. The commercials have been right so far in this stock. As you can see when they buy price goes up and when they sell price goes down. However you can also see that they are sometimes too early or a little too late.

This time the price has gone up but they are still net short. They might seem to be late to go into the buying or probably they think it might be a false bull run and they will maintain their short position...

Comments

  1. Nancy26 January 2012 at 05:28

    Uncle Ti 88 ,

    am looking for COT proxy indicator to operate the weekly data, can you help me please ?

    ReplyDelete
  2. Uncle Ti 8826 January 2012 at 17:03

    Hi Nancy!

    Please email me uncleti88@gmail dot com

    ReplyDelete

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