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Showing posts with label ascending scallop. Show all posts
Showing posts with label ascending scallop. Show all posts
Saturday, September 4, 2010
Friday, September 3, 2010
Genting HK 03/09/2010
Genting HK massive breakout. Fibo levels to watch. Ascending scallop formation. Two scallops formed. We should see a third scallop forming in the longer term.
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.
Tuesday, August 25, 2009
Tuesday, August 18, 2009
STI 18/08/2009 - update
Previous post for STI is here.
Supported by the purple channel. It remains to be seen whether we resume uptrend from here.
A break of 20ma on the upside will be a sign.
Supported by the purple channel. It remains to be seen whether we resume uptrend from here.
A break of 20ma on the upside will be a sign.
Thursday, August 13, 2009
STI 13/08/2009 - update
Previous update for STI is here.
As mentioned in the prevous post for STI, it has retraced towards the purple channel.
Price should continue to move upwards from here. However, a break below the purple channel may see more downside.
As mentioned in the prevous post for STI, it has retraced towards the purple channel.
Price should continue to move upwards from here. However, a break below the purple channel may see more downside.
Wednesday, August 5, 2009
Sky Petrol 06/08/2009 - Update
Previous post for Sky Petrol is here.
Bullish flag formed. Break above with increased volume might see more upside.
Bullish flag formed. Break above with increased volume might see more upside.
Tuesday, August 4, 2009
STI 05/08/2009 - update
Previous post for STI is here.
STI is trending in a steep uptrend channel. As mentioned previously, I see an ascending scallop being formed. If 2700 turns out to be a short term high, we might see some pullback, possibly towards the upper purple trend line before moving higher. On the other hand, if price continues moving higher resistance should be around 2725, 2775.
STI is trending in a steep uptrend channel. As mentioned previously, I see an ascending scallop being formed. If 2700 turns out to be a short term high, we might see some pullback, possibly towards the upper purple trend line before moving higher. On the other hand, if price continues moving higher resistance should be around 2725, 2775.
Tuesday, July 21, 2009
Sky Petrol 21/07/2009
Sky petrol hit a high of 0.18 from the low of 0.15 today. Over the past few months it has created a nice ascending scallop and today it broke out. Long term calculated target price is 0.35. Though it will need constant monitoring and a series of scallops can be expected on its way.
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