China XLX 10/05/2009

Beautiful H&S on China XLX. Broke out of the neckline. Mid term TP is 0.59.



PS: Any long side trading needs caution and should be protected by tight stops at this stage.

Lian Beng 10/05/2009

Lian Beng broke out of the flag giving a possible TP of 0.29 and mid term TP of 0.385.




PS: Any long side trading needs caution and should be protected by tight stops at this stage.

Olam 07/05/2009

Flag and Pennant on Olam? I know most indices and counters are grossly overbought by now, but there is no indication to sell short yet. If Olam can clear the pennant, we might see another push upwards. Though much caution is required at this stage. Stops need to be tight.

STI 06/05/2009 - Possibilities

Previous post for STI is here.
STI ran past the 200MA. Expecting a pullback towards the neckline before moving further up.

SPH 06/05/2009

SPH reversed after hitting the trendline support at 2.79. I can see a H&S bottom and also an inverted scallop.
Possible target in the mid term is 3.14, 3.29 and 3.66.

SPC 06/05/2009

SPC faces trendline resistance as the price touched the upper trend line today. It also met the inverse H&S TP of 4.01. Again, it doesnt mean the price cannot go higher, but, caution needs to be exercised on any long position. Overhead resistance lies at 4.2. Any consolidation near the bottom trendline should be good.

KepCorp 06/05/2009

Previous post for Kepcorp is here. Kepcorp today met TP of 6.9. It doesnt mean it will not go higher but for now some consolidation will be good.

Quote of the day - 05/05/2009

Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.

John Quincy Adams (1767-1848)

STI 05/05/2009

STI has just hit resistance in the form of 200MA. It should pullback a bit before moving further upwards. We also have a H&S bottom.

Sembcorp - 05/05/2009

Formation of Cup and Handle complete. We might see a minor throwback near the rim of the cup before proceeding upwards. 3.59 is a possible target price in the mid term.