ABOUT

I am a remisier with a local Singapore stock broking house. This blog was set up as a personal endeavour for all stock investors to share their knowledge on stock investment, be it on Fundamental Analysis (FA) or Technical Analysis (TA). The combination of this knowledge would be FATA (发达）, which means to prosper in Mandarin.
It is my sincere wish that members will benefit from this sharing of knowledge and prosper. For many of us, we need to make our money work harder for us so that we can have sufficient for retirement. But at the same time, be careful about your investment. As Warren Buffet said: "Do not lose your capital".
DISCLAIMER: It is important to state here that this information sharing and discussion is purely for that purpose - sharing and discussion. This blog was started in good faith by the administrator, but all investors should take personal responsibility for their stock investment decision. Neither the administrator of this blog nor any of the contributors to this sharing/forum will be responsible for any loss that you may suffer as a result of your investment. You are advised to do your own research before making any investment decision. It is also important to state that inevitably, there will be stocks where the administrator and/or blog members would have an open position (or interest) in. This is inevitable as surely we would "put our money where our mouth is". In no way does it mean that we are soliciting your support to "pump up" the stocks as it is totally your choice whether to trade that particular stock or not.

Thursday, 2 October 2014

Facebook as at 1 Oct 2014
FACEBOOK INC (as at 1 Oct 2014)
FB went slightly below its 20 day MA on the 1 Oct. Just like Apple, its 20 day and 50 day MAs are converging, and as such, it is likely to go below its 50 day MA should general market sentiment continue to be negative. However, it would appear that FB would be more resilient than Apple, and less likely to test the 150 day MA support. Its immediate support is at US$76, failing which it will be US$72 and US$68 in that order. Last done price was at US$76.55.
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