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Mid term we might see 0.88, 1.1, 1.3.
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Friday, July 31, 2009
Ezion Holdings 29/07/2009 - Update
Previous post for Ezion is here. Ezion remains strong. It has followed the Arrow I drew on the chart! Today the price crossed above down trend line.
Mid term we might see 0.88, 1.1, 1.3.
Mid term we might see 0.88, 1.1, 1.3.
Thursday, July 30, 2009
Wednesday, July 29, 2009
SPH 29/07/2009
I had posted chart for SPH way back in May here with possible mid term targets.
It has achieved all the targets so far. Next possible target is 3.66.
It has achieved all the targets so far. Next possible target is 3.66.
Tuesday, July 28, 2009
DBS 28/07/2009
DBS has met its prior TP's. Looks like it is on its way towards new TP of 13.16 and 13.59.
Swiber 28/07/2009
Swiber is well on its way towards the TP. Currently it has found resistance at 0.944 (61.8% retracement).
Previous update for Swiber is here.
Previous update for Swiber is here.
Sunday, July 26, 2009
S&P 500 27/07/2009 - Update
We can see broadening formation on S&P. The price is near the upper trend line. If it doesnt break it, it might retrace towards the support of 950 or 930 creating a partial decline. Depicted in the chart is just a possibility.
Previous update on S&P is pasted below.
The previous H&S Top pattern on S&P 500 has been busted as the prices moved above 956 (The head). The H&S bottom pattern is still valid. The recent dip near 870 acted as a throwback. If this pattern is valid, we may be headed towards 1084 with resistance at 986 and 1007. Support will be near 950 and 930. So its a buy on every dip. I had updated this pattern on 10/05/2009 here.
Previous update on S&P is pasted below.
The previous H&S Top pattern on S&P 500 has been busted as the prices moved above 956 (The head). The H&S bottom pattern is still valid. The recent dip near 870 acted as a throwback. If this pattern is valid, we may be headed towards 1084 with resistance at 986 and 1007. Support will be near 950 and 930. So its a buy on every dip. I had updated this pattern on 10/05/2009 here.
F and N 26/07/2009
F&N had a busted breakout of the triangle in June. It reversed strongly and brokeout upside recently. It has now created a pennant and it needs to break the upper pennant line for more upside.
Friday, July 24, 2009
S&P 500 24/07/2009 - Update
The previous H&S Top pattern on S&P 500 has been busted as the prices moved above 956 (The head). The H&S bottom pattern is still valid. The recent dip near 870 acted as a throwback. If this pattern is valid, we may be headed towards 1084 with resistance at 986 and 1007. Support will be near 950 and 930. So its a buy on every dip. I had updated this pattern on 10/05/2009 here.
Thursday, July 23, 2009
Allgreen 23/07/2009
A bull flag and pennant has been created on Allgreen. Triggers above 1.14. Estimated target is 1.69.
Tuesday, July 21, 2009
China Essen
China Essen has created a long and steep falling wedge and the price has broken out of the wedge. Triggers above recent high of 27c.
KepCorp 21/07/2009
Kepcorp has formed a long and steep descending broadening wedge. Today the price touched the upper trend line. Ideally we would like to see a pullback creating a partial decline before breaking the upper trend line. The long term buy triggers on break of the upper trend line. Though we would like to see a big move with high volume for confirmation of breakout before entering. Good returns for long term.
Zooming in we see creation of a symmetrical triangle and the price have broken out of it.
Zooming in we see creation of a symmetrical triangle and the price have broken out of it.
Sky Petrol 21/07/2009
Sky petrol hit a high of 0.18 from the low of 0.15 today. Over the past few months it has created a nice ascending scallop and today it broke out. Long term calculated target price is 0.35. Though it will need constant monitoring and a series of scallops can be expected on its way.
Sunday, July 19, 2009
S&P 500 20/07/2009 - Update
Previous update for S&P is here.
The second right shoulder indicated by RS2 seems to have been completed. It formed a Doji on friday and we might see prices start to reverse towards the neckline and below next week onwards. Calculated targets are 804 and 781 in the mid term.
There is an alternate scenario if the prices break above the head (956) H&S will be negated and we might need to relook at the pattern and further estimates. As of now this scenario seems unlikely to me.
The second right shoulder indicated by RS2 seems to have been completed. It formed a Doji on friday and we might see prices start to reverse towards the neckline and below next week onwards. Calculated targets are 804 and 781 in the mid term.
There is an alternate scenario if the prices break above the head (956) H&S will be negated and we might need to relook at the pattern and further estimates. As of now this scenario seems unlikely to me.
Thursday, July 16, 2009
S&P 500 15/07/2009 - Update
Previous post for S&P update is here.
The second scenario as mentioned earlier is unfolding. Resistance should be near 930. We might see the rally top out around that level.
The second scenario as mentioned earlier is unfolding. Resistance should be near 930. We might see the rally top out around that level.
Tuesday, July 14, 2009
Thursday, July 9, 2009
Venture 09/07/2009
Venture: Another possible reverse H&S. The pattern timeframe is not big enough for my liking, nevertheless a possible trade ahead.
Wednesday, July 8, 2009
SGX 08/07/2009
SGX Daily chart. It has formed a descending traingle. Breakdown below will see further sell off.
SGX 60mins chart. On hourly chart, SGX has broken below the triangle and currently forming a broadening wedge.
SGX 60mins chart. On hourly chart, SGX has broken below the triangle and currently forming a broadening wedge.
S&P 500 08/07/2009
Scenario 1: S&P has confirmed the H&S. Measured target price is 820. We may see a throwback towards the neckline soon.
Scenario 2: A complex H&S formation is possible if we count 2 left shoulders, we may get another right shoulder before breaking downwards. In this scenario we may see price go up to 910-930 before falling further towards 804.
Scenario 2: A complex H&S formation is possible if we count 2 left shoulders, we may get another right shoulder before breaking downwards. In this scenario we may see price go up to 910-930 before falling further towards 804.
STI 08/07/2009 - Update
STI has broken the uptrend line. Also it has confirmed the H&S pattern. Estimated measured target is 1980. Although I prefer the right shoulder to be lower than the left, it is a valid pattern but it may or may not meet the estimated target.
Monday, July 6, 2009
CDL HTrust 06/07/2009
CDL HTrust has broken out of the inverted H&S giving a possible mid-term tp of 1.22. Resistance is at 0.951, 1.054, 1.22.
Ezion Holdings 06/07/2009
Ezion holdings has formed a C&H pattern with double support around 52c. Price may play between the current channel and may head towards the recent high of 0.70. A break above 0.70 will give the mid-term TP of 0.88 and 1.1.
Sunday, July 5, 2009
STI 03/07/2009
There seems to be a lot of fear in the markets. Personally, I will not be worried until the long term uptrend line is intact. The prices are way clear of the green uptrend line. New down trend might begin if the trend line is breached.
I see a bullish inverted scallop forming. The pattern will be confirmed once the price breaks the recent high of 2424. The estimated target will then be 2697.
I see a bullish inverted scallop forming. The pattern will be confirmed once the price breaks the recent high of 2424. The estimated target will then be 2697.
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