STI 29/05/2009 - Update

Previous post for STI is here.
STI has reached very near the original TP of 2394 formed from the H&S formation. Although, the chart seems a bit on the extended side, I would not rule out the possibility of hitting the tp.

Currently it has also formed a rising wedge which suggests caution here on. Break of the lower blue trendline might trigger downside momentum with investors locking in some profits in the short term.

USD/JPY 28/05/2009

UJ touched the low of 93.845 before resuming upwards. Currently it is doing a throwback to the neckline for the H&S on daily chart. Neckline resistance is at 97.250. A new short trigger is probable once it resumes downwards below the neckline. Midterm target remains 89-90.

Sembcorp - 25/05/2009 - Update

Previous update for Sembcorp is here.
The throwback seems to have been completed. TP remains 3.3, 3.59.

USD/SGD 22/05/2009 - Update

Previous update for USD/SGD is here.
Now at 1.4462, USD/SGD is very near the TP of 1.44. Most likely I will close this position today.

SuntecReit 20/05/2009

SuntecReit formed a flag and price is currently consolidating. A breakout may see the possible target price of 1.11, 1.2. TP may or may not be met. It is always good to trail profits.

Midas 18/05/2009

Yet another H&S formation. Throwback seems to have completed. Possible mid-term TP of 0.78.

USD/JPY 15/05/2009

We have lower lows and lower highs. It has broke the support level. It might be headed towards 89-90 in the mid term.

NOL 14/05/2009

NOL interests me much. Reasons? Here they are.
1) Hit 50% retracement
2) Hit 40ma
3) Hit trend line support.
It remains to be seen if the price breaks the trend line. If it doesn't, it definitely deserves consideration!

USD/JPY 13/05/2009

UJ met TP of 96.248 as per my earlier post.

USD/JPY 12/05/2009

UJ has formed a double top on 4h. It has broken below the support giving the price target of 96.248.

Li Heng 11/05/2009

Li Heng forms a nice pattern. It has broken out and consolidating currently. Mid term TP is 0.38.

China Milk 11/05/2009

Previous update for China Milk is here.
As mentioned in the previous post price broke out nicely from the neck line. It seems to be doing a pullback now. A second opportunity could be presented soon for those who missed the breakout. Mid term tp of 0.65 remains intact.

Swiber 11/05/2009

Previous update for Swiber is here.
Not only did Swiber met its TP but far exceeded it in just a few trading sessions.

Quote of the day - 10/05/2009

"Take every gain without showing remorse about missed profits, because an eel may escape sooner than you think. "

Joseph de la Vega, 1688

Raffles Edu 10/05/2009

Raffles Edu continues trading between the red channel. Mid term TP is 0.625.



PS: Any long side trading needs caution and should be protected by tight stops at this stage.

S&P 500 10/05/2009 - Update

S&P resistance is at 945, we might soon have a throwback towards the neckline marked near 875. Mid term TP remains to be 1084.

USD/SGD 10/05/2009

Previous post for USD/SGD is here.
I am still holding shorts on USD/SGD and it is on track towards the TP of 1.44.

China XLX 10/05/2009

Beautiful H&S on China XLX. Broke out of the neckline. Mid term TP is 0.59.



PS: Any long side trading needs caution and should be protected by tight stops at this stage.

Lian Beng 10/05/2009

Lian Beng broke out of the flag giving a possible TP of 0.29 and mid term TP of 0.385.




PS: Any long side trading needs caution and should be protected by tight stops at this stage.

Olam 07/05/2009

Flag and Pennant on Olam? I know most indices and counters are grossly overbought by now, but there is no indication to sell short yet. If Olam can clear the pennant, we might see another push upwards. Though much caution is required at this stage. Stops need to be tight.

STI 06/05/2009 - Possibilities

Previous post for STI is here.
STI ran past the 200MA. Expecting a pullback towards the neckline before moving further up.

SPH 06/05/2009

SPH reversed after hitting the trendline support at 2.79. I can see a H&S bottom and also an inverted scallop.
Possible target in the mid term is 3.14, 3.29 and 3.66.

SPC 06/05/2009

SPC faces trendline resistance as the price touched the upper trend line today. It also met the inverse H&S TP of 4.01. Again, it doesnt mean the price cannot go higher, but, caution needs to be exercised on any long position. Overhead resistance lies at 4.2. Any consolidation near the bottom trendline should be good.

KepCorp 06/05/2009

Previous post for Kepcorp is here. Kepcorp today met TP of 6.9. It doesnt mean it will not go higher but for now some consolidation will be good.

Quote of the day - 05/05/2009

Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.

John Quincy Adams (1767-1848)

STI 05/05/2009

STI has just hit resistance in the form of 200MA. It should pullback a bit before moving further upwards. We also have a H&S bottom.

Sembcorp - 05/05/2009

Formation of Cup and Handle complete. We might see a minor throwback near the rim of the cup before proceeding upwards. 3.59 is a possible target price in the mid term.