Posts
Straits Times Index 
|
Hang Seng Index 
|
Nikkei 225 Index 
|
| Click here to login to the chat room during market hours. | ||
|
| ||
| Follow @NeatTrade | ||
Monday, October 26, 2009
Swiber 26/10/2009
Swiber had a high volume today. A break above the inverted H&S neckline at 97 might take it to the tp of 1.14.
Ausgroup 26/10/2009
Ausgroup forming a base around 69. Inverted H&S formation. Not very convincing pattern, but a break with above the neck line might take it back to the recent high.
Thursday, October 22, 2009
STI 22/10/2009 - update
Yet another bullish scenario on STI.
Inverse H&S forming on daily. Right shoulder could be as low as 2663. TP gives 2910 depending on when/if it breaks out.
PS: Not an inducement to buy or sell. This is just another bullish view when there has been a lot of bearishness in the market since the last 2-3 months. I could be wrong. Risk management remains utmost important.
Inverse H&S forming on daily. Right shoulder could be as low as 2663. TP gives 2910 depending on when/if it breaks out.
PS: Not an inducement to buy or sell. This is just another bullish view when there has been a lot of bearishness in the market since the last 2-3 months. I could be wrong. Risk management remains utmost important.
Monday, October 19, 2009
STI 19/10/2009 - Update
Previous post for STI is here.
As mentioned in the previous post scenario 2 came through. As a new perspective I am seeing a cup formation on STI. For confirmation, it should create a handle in the next few days and breakout of the cup high for more upside. If that happens, estimated TP will be 2961.
As mentioned in the previous post scenario 2 came through. As a new perspective I am seeing a cup formation on STI. For confirmation, it should create a handle in the next few days and breakout of the cup high for more upside. If that happens, estimated TP will be 2961.
Saturday, October 17, 2009
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
Subscribe to:
Posts (Atom)
