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Showing posts with label flag. Show all posts
Showing posts with label flag. Show all posts
Wednesday, May 20, 2009
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.
Sunday, May 10, 2009
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.
PS: Any long side trading needs caution and should be protected by tight stops at this stage.
Thursday, May 7, 2009
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.
Friday, February 27, 2009
USD/JPY 27/02/2009
UJ broke down from the rising wedge as per my previous post. Today the price may continue to go down.
Thursday, February 26, 2009
USD/JPY 26/02/2009
UJ has broken above the base as mentioned in my previous post and now moving towards the resistance on hourly chart. In the process it has also created rising wedge as showed in the chart. There is a possibility that it would trigger a bearish trend. I would take profit and remain sideline for now.
USD/JPY 25/02/2009
UJ has formed a base on the hourly chart. If it manages to break through the upper line of the blue channel, we can see more upside. However, it will turn bearish if it break below the lower line of the blue channel. For now, I have placed buy stops above the upper line to long for the short term.
Tuesday, February 24, 2009
USD/JPY 24/02/2009 - 3
UJ had a good run so far. It is now approaching resistance. I have closed my long positions for now. It doesnt mean it will not run up further. However, it may consolidate in the green channel for now. If it breaks the lower trend line of the channel, it may turn bearish again.
Thursday, February 19, 2009
USD/JPY 19/02/2009
UJ has broken out of the short-term down trend channel. Currently a potential flag formation is unfolding on 4H. If it manages to break through the neck line with good volume we may see a long up bar targetting above 94. Stop loss should be below the recent low.
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