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Thursday, November 26, 2009

Wednesday, November 25, 2009

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.

Monday, November 16, 2009

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.

Friday, November 13, 2009

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.

Thursday, November 12, 2009

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.

Wednesday, November 4, 2009

China Essen - 04/11/2009

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

Monday, November 2, 2009

KepCorp 02/11/2009

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

Thursday, October 29, 2009

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.

Tuesday, October 27, 2009

STI 27/10/2009 - update

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

Monday, October 26, 2009

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.

Thursday, October 22, 2009

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.

Monday, October 19, 2009

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.

Saturday, October 17, 2009

Happy Diwali - 2009

Happy Diwali to all my friends and their families.

Friday, October 9, 2009

S&P 500 09/10/2009 - Hourly

Nice inverse H&S spotted on SPX hourly. Estimated target gives 1100.

Thursday, October 8, 2009

STI 08/10/2009 - update

Previous post for STI is here.

Scenario 1: STI broke down below the ascending triangle and turned bearish. Price retraced back towards the triangle to create a throwback. If this scenario hold true it should go further down in the coming weeks.

Scenario 2: Another possibility of an ascending triangle in the formation as below. MA's have not yet turned down and we still have higher lows. Whether we create a higher high remains to be seen.

Although at this point any scenario might unfold, I remain a bit biased towards scenario 2 where the coming earnings season might carry the prices to new yearly high. In any case, I dont think the rally will last very long.

Monday, September 28, 2009

STI 28/09/2009 - update

See the previous post for STI here.
In the previous post I had drawn a possible breakout in STI and followed by a throwback. We did breakout of the symmetrical triangle and we also saw a throwback.

Ascending triangle also in play. Price hit the lower triangle line today, a close below could be bearish. For now the possibility of STI heading higher is more.

Monday, September 21, 2009

Rotary 21/09/2009

Rotary broke out of the triangle on friday with good volume.
TP is 1.3, 1.45

Ezra 21/09/2009 - Update

Previous post for Ezra is here and here.
The price when I first posted Ezra was 1.46. Price now is 2.05. Congrats to those you bought.

AscendasReit - 21/09/2009 - Update

Previous update for AscendasReit is here.
Price was 1.6 when I last posted. It has steadily climbed to 1.94 since then. Congrats to those who bought. Resistance coming up around $2.

Sunday, September 20, 2009

Selamat Hari Raya Adilfitri 2009

Selamat Hari Raya Adilfitri to my Muslim friends and families

Wednesday, September 16, 2009

DBS 15/09/2009

A big move could be coming on DBS soon. The MA's are pointing up. My bias is towards the upside. The triangle should confirm the direction.
Prrevious update for DBS is here.

Monday, September 14, 2009

Allgreen 14/09/2009 - Update

Previous post for Allgreen is here. Allgreen after the sell off hit the lower channel trendline and bounced off it. The channel should provide some support.

Friday, September 11, 2009

Ezra 11/09/2009 - Update

See the previous post for Ezra here.
As mentioned in the previous post Ezra has created the inverse H&S just as expected. It also broke out today. Target intact.

Wednesday, September 9, 2009

Oceanus 08/09/2009

Oceanus has broken out with nice volume. We may see it reach the recent high again.
Estimated TP is 0.375, 0.42.

Tuesday, September 8, 2009

Monday, September 7, 2009

Kepland - 07/09/2009

Kepland broke out today. We might see recent high again. TP 2.77, 288.

Saturday, September 5, 2009

STI 05/09/2009 - update

Previous update for STI is here.
See the previous post on STI. We have recaptured the 20MA. Convincingly too.
We have a steep rising 40ma. Remains to be seen which way do we breakout of the triangle. My guess is as good as yours.

Friday, September 4, 2009

KepCorp 04/09/2009 - update

Previous post for Kepcorp is here.

Longer term perspective on 2 years daily chart. We have a bullish massive falling broadening formation. The price has already broken out of the formation. Should give good returns on the long term.

Multi-month daily chart. We have a C&H as mentioned in the previous post. We need to higher lows created and to break the recent high of 8.45 for confirmation.

5 mins intraday chart. Price has broken out of the triangle. Resistance lies at 7.72. A break above will see price moving higher.

USD/JPY 04/09/2009

We have a massive bullish falling wedge formation on UJ (4H). A break above the upper trend line will be bullish in the short term.

Tuesday, September 1, 2009

Monday, August 31, 2009

Saturday, August 29, 2009

CapitaMall - 29/08/2009

Previous post for CapitalMall is here.
Nice run up since the last post. Approaching resistance at 1.72.

Yangzijiang - 29/08/2009

YZJ TP1.12.

S&P 500 29/08/2009 - update

Previous update for S&P is here.
As mentioned in the previous post, we are yet to close above the broadening formation. A close above will be bullish. We can also see the inverse H&S formation with the right shoulder created.
Too much negativity in the markets. September/October memory shivers. Markets will need to overcome all that if it has to march ahead.
I personally see the markets breakout of the neck line and retrace back towards the neckline in october to create a throwback before heading higher.
I could be wrong, that is why I place stops. :)

Wednesday, August 26, 2009