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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.
Nice run up since the last post. Approaching resistance at 1.72.
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. :)
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
Tuesday, August 25, 2009
Monday, August 24, 2009
KepCorp 24/08/2009 - update
Previous post for Kepcorp is here.
As mentioned in the previous post, Kepcorp has created a C&H. Resistance is at the upper Red trendline and Cup rim. Mid term tp is 10.47.
As mentioned in the previous post, Kepcorp has created a C&H. Resistance is at the upper Red trendline and Cup rim. Mid term tp is 10.47.
China Eratat - 24/08/2009
China Eratat has a scallop, a C&H. Today the price touched a high of 17.5c. A break above with high volume may see 24c in the mid term.
Allgreen 03/08/2009 - Update
Previous post for Allgreen is here.
Allgreen has had a throwback after the breakout. In the process it created a falling wedge and we saw a breakout of the wedge today. Mid term target is intact.
Allgreen has had a throwback after the breakout. In the process it created a falling wedge and we saw a breakout of the wedge today. Mid term target is intact.
Friday, August 21, 2009
S&P 500 21/08/2009 - update
Previous post for S&P is here.
As mentioned in the previous post S&P retraced and rebounded. A break above the broadening formation, will confirm uptrend. Aggressive target is 1160 mid-term.
We also have a valid H&S formation giving a target of 1135.
As mentioned in the previous post S&P retraced and rebounded. A break above the broadening formation, will confirm uptrend. Aggressive target is 1160 mid-term.
We also have a valid H&S formation giving a target of 1135.
Wednesday, August 19, 2009
Tuesday, August 18, 2009
STI 18/08/2009 - update
Previous post for STI is here.
Supported by the purple channel. It remains to be seen whether we resume uptrend from here.
A break of 20ma on the upside will be a sign.
Supported by the purple channel. It remains to be seen whether we resume uptrend from here.
A break of 20ma on the upside will be a sign.
Monday, August 17, 2009
CapitaMall - 17/08/2009
CapitalMall supported by trendline. If it holds it may see upside. A break below could be ugly.
AscendasReit - 17/08/2009
AscendasReit is supported by the uptrend line. If it holds, it may resume uptrend.
Thursday, August 13, 2009
STI 13/08/2009 - update
Previous update for STI is here.
As mentioned in the prevous post for STI, it has retraced towards the purple channel.
Price should continue to move upwards from here. However, a break below the purple channel may see more downside.
As mentioned in the prevous post for STI, it has retraced towards the purple channel.
Price should continue to move upwards from here. However, a break below the purple channel may see more downside.
Kepcorp 13/08/2009
Previous update for Kepcorp is here.
A possible C&H formation in the making on the daily. A break above the neckline can give the estimated target of 10.45.
On hourly, we see a triangle being formed. A break above will see more upside.
A possible C&H formation in the making on the daily. A break above the neckline can give the estimated target of 10.45.
On hourly, we see a triangle being formed. A break above will see more upside.
Ezra 13/08/2009
Inverted H&S in the making on Ezra. A break above the neckline may give an estimated midterm target of 2.16.
Tuesday, August 11, 2009
Golden Agri 11/08/2009
Golden Agri has broken out of the H&S pattern at 0.445 today. Estimated mid-term target is 0.57.
Wednesday, August 5, 2009
Sky Petrol 06/08/2009 - Update
Previous post for Sky Petrol is here.
Bullish flag formed. Break above with increased volume might see more upside.
Bullish flag formed. Break above with increased volume might see more upside.
Tuesday, August 4, 2009
STI 05/08/2009 - update
Previous post for STI is here.
STI is trending in a steep uptrend channel. As mentioned previously, I see an ascending scallop being formed. If 2700 turns out to be a short term high, we might see some pullback, possibly towards the upper purple trend line before moving higher. On the other hand, if price continues moving higher resistance should be around 2725, 2775.
STI is trending in a steep uptrend channel. As mentioned previously, I see an ascending scallop being formed. If 2700 turns out to be a short term high, we might see some pullback, possibly towards the upper purple trend line before moving higher. On the other hand, if price continues moving higher resistance should be around 2725, 2775.
USD/JPY 04/08/2009
UJ is currently trading in the uptrend channel on 4 hour chart. It seems to have created a partial decline. A break below the lower trendline could see further sell off towards the recent low of 91.72.
On the daily time frame UJ is trading between the long term downtrend channel.
On the daily time frame UJ is trading between the long term downtrend channel.
STI Intraday Targets - 04/08/2009
STI Intraday Targets
If STI breaks downside 2678 TP1: 2664, TP2: 2651
If STI breaks upside 2711 TP1: 2725, TP2: 2738
My personal view. Caveat emptor.
Do not buy/sell based on this.
If STI breaks downside 2678 TP1: 2664, TP2: 2651
If STI breaks upside 2711 TP1: 2725, TP2: 2738
My personal view. Caveat emptor.
Do not buy/sell based on this.
Flags - 04/08/2009
Sunday, August 2, 2009
Allgreen 03/08/2009 - Update
Previous chart for Allgreen is here.
As mentioned in my previous post Allgreen has broken out. It should be headed towards the target 1.69 with minor pullback on the way.
As mentioned in my previous post Allgreen has broken out. It should be headed towards the target 1.69 with minor pullback on the way.
S&P 500 03/08/2009 - update
Previous post for S&P is here.
As mentioned in the previous post, brodening formation is still in play. We are hitting resistance. Might see minor pullback before surging upwards.
If it doesnt break the formation upwards, it might retrace towards the support of 950 or 930 creating a partial decline. TP is 1084. Depicted in the chart is just a possibility.
As mentioned in the previous post, brodening formation is still in play. We are hitting resistance. Might see minor pullback before surging upwards.
If it doesnt break the formation upwards, it might retrace towards the support of 950 or 930 creating a partial decline. TP is 1084. Depicted in the chart is just a possibility.
STI 03/07/2009 - Update
Previous chart for STI is here.
STI is approached trendline resistance. We might see some pullback before further upside.
Both scallops created on STI provides bullish scenarios.
STI is approached trendline resistance. We might see some pullback before further upside.
Both scallops created on STI provides bullish scenarios.
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