CSE Global - 24/08/2009

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

Abterra - 24/08/2009

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

Allgreen 23/07/2009

A bull flag and pennant has been created on Allgreen. Triggers above 1.14. Estimated target is 1.69.

Venture 16/07/2009 - Update

Previous update for Venture is here.
Venture has exceeded TP in just a single trading session.

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.

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.

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.

F and N 15/04/2009

F&N broke out of the falling wedge today with high volume. If volume continues to remain high we may see the price move higher up.

KepCorp 10/04/2009

I have been following Kepcorp for quite some time now. Plenty of trading opportunities.
Over the past three months it has formed a nice Cup and Handle formation with a breakout and throwback complete. Now the price has moved above the breakout price giving a target of 6.34. We also have a rising broadening formation which implies that this move could also be short lived.

UOB 05/04/2009

UOB has completed a throwback nicely and is almost near the recent high. Consider buying above 10.75. Near term target is 12.10.

ST Eng 28/03/2009 - Update

ST Eng had a nice breakout as mentioned in my earlier update here.
We may see a throwback before moving back up.

SGX 17/03/2009 - Possibilities

SGX has pulled back near the neck line lying at 4.82. There is resistance at 4.95, 5.16. A small correction will be good at this point before moving upwards again.

ST Eng 16/03/2009

ST Eng has a partial decline on a broadening formation. If the price closes above the trendline consider buying with a stop below the trend line.

DBS 12/03/2009 Possibilities

DBS had formed a descending triangle pattern since Jan 09. Price went down as the volume reduced. Near the apex it broke out downwards with high volume and almost hit near the projected triangle price of 6.3.

Possibilities: From the chart patterns statistics there is 64% possibility, we might see the price retrace back near the neck line before continuing downwards as indicated by arrows. Having said that, we dont trade based on possibilities, rather trade based on price action which will confirm possibilities.

NOL 10/03/2009

NOL had a perfect triangle formation and a breakout.
Today we have a high volume sell down due to the rights issue. If the price goes above todays low, we may see some small recovery. The risk remains very high though. I would suggest you to stay out if you are not the type who can cut loss easily.

STI 08/03/2009

STI chart. We are near the critical support of 1473. CCI is in the negative. Are we near a short term rebound?

STI 19/02/2009

ER for today for STI and some counters. All values are valid for today only.
Could manage to draw only for a few counters today due to time constraints. :(

Counter	ER	If broken upside	If broken downside
STI	1623 - 1648	1657	1623
Kepcorp	4.1 - 4.17		4.04
SGX	4.8 - 4.91
Wilmar	2.79 - 2.88	2.95	2.75
SPC	2.69 - 2.76	2.8	2.6

STI 18/02/2009

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

Counter	ER	If broken upside	If broken downside	Trend
STI	1629 - 1654	1696	1598	Down
Kepcorp	3.93 - 4.09	4.21		Down
SGX	4.54 - 4.85	5.08	4.8	Down
Wilmar	2.75 - 2.87			Down
Singtel	2.35 - 2.45			Down
DBS	7.83 - 7.98	8.2		Down
Capland	2.56 - 2.7	2.78		Down
SPC	2.62 - 2.71		2.59	Down

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

STI 16/02/2009

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

Counter	Expected Range	If broken upside	If broken downside
STI	1691 - 1719	1726
Kepcorp	4.18 - 4.31	4.4
SGX	5.11 - 5.18	5.25	5.06
Wilmar	2.86 - 3.03	3.11	2.72
Singtel	2.43 - 2.5	2.59
DBS	8.21 - 8.48		8.16
Capland	2.71 - 2.82		2.67
SPC	2.73 - 2.97		2.53, 2.36
DJ	7876 - 8011		7764