Golden Agri 26/11/2009

Inverted H&S on GA. Estimated TP gives 52.5.

Noble Group 15/11/2009

Noble broke out of the inverted H&S today. Estimated TP could be 3.28. We might see a throwback towards the neckline soon.

Kepcorp 25/11/2009

Previous post for Kepcorp is here. See the previous chart.
KC has a clear breakout.

STI 16/11/2009 - update

Previous post for STI is here.
As per the previous post STI did make a partial decline to 2704 though not as low as I thought it would. Today it broke out of the resistance.



Take a closer look at the STI daily chart. We have an inverse H&S breakout. Estimated TP gives 2869!

UtdEnvirotech 16/11/2009

Nice little falling wedge. Trying to breakout with increasing volume. A close above 33 should see more upside. Just possibilities in the chart.

NOL 12/11/2009

H&S spotted on NOL. Current pullback is considered as throwback to neckline. It might head down. However, the breakout volume is not very convincing. Nevertheless it is a valid pattern. Only time will tell if it falls through.

Starhub - 13/11/2009

Starhub approaching multiple resistance. It has turned bearish a while ago. We might see some downside from here in the short term.
Depicted in the chart is just a possibility.

STI 12/11/2009 - update

Previous post is here.
Nice rally since the previous post. We are approaching double resistance. Might pullback from there. If STI makes a partial decline creating a higher low, we may have more upside to come in the near future.

China Essen - 04/11/2009

China Essen trading in a symmetrical triangle. Close at or above 0.24 could see more upside.

KepCorp 02/11/2009

Kepcorp possibilities. Trading in a symmetrical triangle. Break either way will trigger the move.

Capland 29/10/2009

Capland looks like a cup & handle? To me it does.

STI 29/10/2009 - update

Previous post is here.
Triangle broke yesterday. We have channel support as shown in the oval in the chart. Might pullback from there. BTW, the inverted H&S is busted.

S&P 500 29/10/2009 - update

Previous update for SPX is here.
As per the earlier post, after reaching the target of 1100 exactly S&P retraced. Yesterday it closed right on the trendline. We might get a pullback from here as the market has sold off almost 60 points without any correction. But please do note that we have broken the long term uptrend line (Red trend line) which was held since March 2009. If we go back above that trendline very soon, it could be considered as a fake breakdown. Breakdown below the purple line could be bearish continuation.

STI 27/10/2009 - update

Previous chart for STI is here.
Updated chart below. Forming symmetrical triangle and a falling wedge.

SIA Eng - 26/10/2009

C&H breakout for SIA Eng. Estimated TP is 3.03.

HoBee - 26/10/2009

Another inverted H&S. Break above 1.54 is bullish.

Swiber 26/10/2009

Swiber had a high volume today. A break above the inverted H&S neckline at 97 might take it to the tp of 1.14.

Ausgroup 26/10/2009

Ausgroup forming a base around 69. Inverted H&S formation. Not very convincing pattern, but a break with above the neck line might take it back to the recent high.

STI 22/10/2009 - update

Yet another bullish scenario on STI.
Inverse H&S forming on daily. Right shoulder could be as low as 2663. TP gives 2910 depending on when/if it breaks out.



PS: Not an inducement to buy or sell. This is just another bullish view when there has been a lot of bearishness in the market since the last 2-3 months. I could be wrong. Risk management remains utmost important.

STI 19/10/2009 - Update

Previous post for STI is here.
As mentioned in the previous post scenario 2 came through. As a new perspective I am seeing a cup formation on STI. For confirmation, it should create a handle in the next few days and breakout of the cup high for more upside. If that happens, estimated TP will be 2961.