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Friday, October 9, 2009
Thursday, October 8, 2009
STI 08/10/2009 - update
Previous post for STI is here.
Scenario 1: STI broke down below the ascending triangle and turned bearish. Price retraced back towards the triangle to create a throwback. If this scenario hold true it should go further down in the coming weeks.
Scenario 2: Another possibility of an ascending triangle in the formation as below. MA's have not yet turned down and we still have higher lows. Whether we create a higher high remains to be seen.
Although at this point any scenario might unfold, I remain a bit biased towards scenario 2 where the coming earnings season might carry the prices to new yearly high. In any case, I dont think the rally will last very long.
Scenario 1: STI broke down below the ascending triangle and turned bearish. Price retraced back towards the triangle to create a throwback. If this scenario hold true it should go further down in the coming weeks.
Scenario 2: Another possibility of an ascending triangle in the formation as below. MA's have not yet turned down and we still have higher lows. Whether we create a higher high remains to be seen.
Although at this point any scenario might unfold, I remain a bit biased towards scenario 2 where the coming earnings season might carry the prices to new yearly high. In any case, I dont think the rally will last very long.
Thursday, October 1, 2009
Monday, September 28, 2009
STI 28/09/2009 - update
See the previous post for STI here.
In the previous post I had drawn a possible breakout in STI and followed by a throwback. We did breakout of the symmetrical triangle and we also saw a throwback.
Ascending triangle also in play. Price hit the lower triangle line today, a close below could be bearish. For now the possibility of STI heading higher is more.
In the previous post I had drawn a possible breakout in STI and followed by a throwback. We did breakout of the symmetrical triangle and we also saw a throwback.
Ascending triangle also in play. Price hit the lower triangle line today, a close below could be bearish. For now the possibility of STI heading higher is more.
Monday, September 21, 2009
Ezra 21/09/2009 - Update
Previous post for Ezra is here and here.
The price when I first posted Ezra was 1.46. Price now is 2.05. Congrats to those you bought.
The price when I first posted Ezra was 1.46. Price now is 2.05. Congrats to those you bought.
AscendasReit - 21/09/2009 - Update
Previous update for AscendasReit is here.
Price was 1.6 when I last posted. It has steadily climbed to 1.94 since then. Congrats to those who bought. Resistance coming up around $2.
Price was 1.6 when I last posted. It has steadily climbed to 1.94 since then. Congrats to those who bought. Resistance coming up around $2.
Sunday, September 20, 2009
Wednesday, September 16, 2009
DBS 15/09/2009
A big move could be coming on DBS soon. The MA's are pointing up. My bias is towards the upside. The triangle should confirm the direction.
Prrevious update for DBS is here.
Prrevious update for DBS is here.
Monday, September 14, 2009
Allgreen 14/09/2009 - Update
Previous post for Allgreen is here. Allgreen after the sell off hit the lower channel trendline and bounced off it. The channel should provide some support.
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