Straits Times Index
Hang Seng Index
Nikkei 225 Index
Click here to login to the chat room during market hours.

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

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.

Li Heng 24/08/2009 - update

Previous post for Li Heng is here.
Li Heng broke out of H&S today. Mid term tp remains to be 37.

CSE Global - 24/08/2009

CSE Global broke out of the H&S today. Mid term tp is $1.05.

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.

Abterra - 24/08/2009

C&H and a triangle formation. Breakout with high volume seems to be coming.

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.

S&P 500 - 21/08/2009 Intraday targets

A break of 1018 will see 1023, 1028

Wednesday, August 19, 2009

HoBee - 19/08/2009

HoBee has a nice C&H. A break out, throwback completed. On its way to 1.66.

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.

STI Intraday Targets - 18/08/2009

A break of 2530 will see 2517.

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.

STI Intraday Targets - 17/08/2009

A break of 2563 will see 2550.

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.

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.

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.

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.

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.

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.

Flags - 04/08/2009

Interesting Flag formations.

SC Global

China XLX. Previous post is here.

China Milk. Previous post is here.

Sunday, August 2, 2009

UOB 03/08/2009

Just a possibility. Chart tells the story.

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.

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.

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.