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Showing posts with label spc. Show all posts
Showing posts with label spc. Show all posts

Wednesday, May 6, 2009

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.

Wednesday, February 25, 2009

SPC 25/02/2009

SPC is currently consolidating. It has formed a triangle on a daily chart. If it breaks the triangle upwards, we may see more upside towards the uptrend line. This will be invalidated if it breaks the triangle downwards.




My personal view only. Trade with caution.

Tuesday, February 17, 2009

STI 17/02/2009

ER for today for STI and some counters. All values are valid for today only.

Counter ER If broken upside If broken downside
STI 1662 - 1681 1691
Kepcorp 4.14 - 4.27 4.31 4.06
SGX 5.08 - 5.17
5.05
Wilmar 2.92 - 3.02 3.13 2.84
Singtel 2.49 - 2.56 2.6 2.42
DBS 8.1 - 8.21 8.38
Capland 2.66 - 2.74 2.88
SPC 2.67 - 2.78 2.85