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Tuesday, June 2, 2009
Kepland - 02/06/2009
Kepland could be headed towards the black trend line situated around 2.45. If that is broken we may see it head towards 8d and 20d ma. Although caution is suggested as the counter has been very bullish.
USD/JPY 02/06/2009
Previous post for UJ is here.
UJ seems to have completed the throwback. Target of 89-90 remains intact. The downward pressure will get escalted once the price breaks 95.173 and 93.820.
UJ seems to have completed the throwback. Target of 89-90 remains intact. The downward pressure will get escalted once the price breaks 95.173 and 93.820.
Sembcorp - 02/06/2009 - Update
Prevous post for Sembcorp is here.
Sembcorp has met the first TP of 3.3. We may expect some pullback before continuing towards 3.59.
Sembcorp has met the first TP of 3.3. We may expect some pullback before continuing towards 3.59.
STI 02/06/2009 - update
Previous post for STI is here.
STI has met and exceeded the TP of 2394. We might some pullback towards 23.6% retracement in the coming days. Downside target can be updated after the price pattern confirmation.
STI has met and exceeded the TP of 2394. We might some pullback towards 23.6% retracement in the coming days. Downside target can be updated after the price pattern confirmation.
Friday, May 29, 2009
STI 29/05/2009 - Update
Previous post for STI is here.
STI has reached very near the original TP of 2394 formed from the H&S formation. Although, the chart seems a bit on the extended side, I would not rule out the possibility of hitting the tp.
Currently it has also formed a rising wedge which suggests caution here on. Break of the lower blue trendline might trigger downside momentum with investors locking in some profits in the short term.
STI has reached very near the original TP of 2394 formed from the H&S formation. Although, the chart seems a bit on the extended side, I would not rule out the possibility of hitting the tp.
Currently it has also formed a rising wedge which suggests caution here on. Break of the lower blue trendline might trigger downside momentum with investors locking in some profits in the short term.
Thursday, May 28, 2009
USD/JPY 28/05/2009
UJ touched the low of 93.845 before resuming upwards. Currently it is doing a throwback to the neckline for the H&S on daily chart. Neckline resistance is at 97.250. A new short trigger is probable once it resumes downwards below the neckline. Midterm target remains 89-90.
Monday, May 25, 2009
Sembcorp - 25/05/2009 - Update
Previous update for Sembcorp is here.
The throwback seems to have been completed. TP remains 3.3, 3.59.
The throwback seems to have been completed. TP remains 3.3, 3.59.
Friday, May 22, 2009
USD/SGD 22/05/2009 - Update
Previous update for USD/SGD is here.
Now at 1.4462, USD/SGD is very near the TP of 1.44. Most likely I will close this position today.
Now at 1.4462, USD/SGD is very near the TP of 1.44. Most likely I will close this position today.
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.
Monday, May 18, 2009
Midas 18/05/2009
Yet another H&S formation. Throwback seems to have completed. Possible mid-term TP of 0.78.
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