GBP/JPY 15/03/2009

GJ has been trading in a tight range on 5 mins chart. Nice triangle formation too. We may see a break-out of the triangle as we near the apex.

Golden Agri 13/03/2009

We have a head and shoulders formation on Golden Agri. The price has broken down below the neck line and now retrace back to the neckline. If the pattern is successful, the price should retrace from here on.

S&P 500 12/03/2009 - Possibilities

S&P 500 had a Head and Shoulders pattern formation with a steep neckline.
Possibilities: Currently we can see retracement happening as the prices move back towards the neckline. The measured target price is 772, there will be some resistance around 743 though.




This is just the possibility looking at the chart pattern. The ultimate formation could turn out to be completely different too.

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.

SIA Eng 09/03/2009

SIA Eng looks interesting for a short term buy. Wide range body last candle with increased volume. Consider long above 1.58 with tight stops.

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?

Citydev 05/03/2009

Falling wedge formation on Citydev. Consider long above 4.27 for short term trade. Stop at 4.2.
Over the longer term the trend is still downwards though.

USD/JPY 04/03/2009

Flag formation on UJ on hourly. Right now it is consolidating. A break above the recent high of 99.46 could trigger more upside. At the other end, if prices drop back 99.06 it could turn bearish.

USD/JPY 02/03/2009

UJ is under consolidation currently. We can see a triangle formation (blue). A break below 96.84 we could see more downside. We can also see a cross of the moving averages although they need to be declining for more downside.
However, if prices moving above the triangle will make it bullish again.