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Straits Times Index 
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Hang Seng Index 
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Nikkei 225 Index 
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Monday, November 16, 2009
UtdEnvirotech 16/11/2009
Nice little falling wedge. Trying to breakout with increasing volume. A close above 33 should see more upside. Just possibilities in the chart.
Friday, November 13, 2009
NOL 12/11/2009
H&S spotted on NOL. Current pullback is considered as throwback to neckline. It might head down. However, the breakout volume is not very convincing. Nevertheless it is a valid pattern. Only time will tell if it falls through.
Starhub - 13/11/2009
Starhub approaching multiple resistance. It has turned bearish a while ago. We might see some downside from here in the short term.
Depicted in the chart is just a possibility.
Depicted in the chart is just a possibility.
Thursday, November 12, 2009
STI 12/11/2009 - update
Previous post is here.
Nice rally since the previous post. We are approaching double resistance. Might pullback from there. If STI makes a partial decline creating a higher low, we may have more upside to come in the near future.
Nice rally since the previous post. We are approaching double resistance. Might pullback from there. If STI makes a partial decline creating a higher low, we may have more upside to come in the near future.
Wednesday, November 4, 2009
China Essen - 04/11/2009
China Essen trading in a symmetrical triangle. Close at or above 0.24 could see more upside.
Monday, November 2, 2009
KepCorp 02/11/2009
Kepcorp possibilities. Trading in a symmetrical triangle. Break either way will trigger the move.
Thursday, October 29, 2009
STI 29/10/2009 - update
Previous post is here.
Triangle broke yesterday. We have channel support as shown in the oval in the chart. Might pullback from there. BTW, the inverted H&S is busted.
Triangle broke yesterday. We have channel support as shown in the oval in the chart. Might pullback from there. BTW, the inverted H&S is busted.
S&P 500 29/10/2009 - update
Previous update for SPX is here.
As per the earlier post, after reaching the target of 1100 exactly S&P retraced. Yesterday it closed right on the trendline. We might get a pullback from here as the market has sold off almost 60 points without any correction. But please do note that we have broken the long term uptrend line (Red trend line) which was held since March 2009. If we go back above that trendline very soon, it could be considered as a fake breakdown. Breakdown below the purple line could be bearish continuation.
As per the earlier post, after reaching the target of 1100 exactly S&P retraced. Yesterday it closed right on the trendline. We might get a pullback from here as the market has sold off almost 60 points without any correction. But please do note that we have broken the long term uptrend line (Red trend line) which was held since March 2009. If we go back above that trendline very soon, it could be considered as a fake breakdown. Breakdown below the purple line could be bearish continuation.
Tuesday, October 27, 2009
STI 27/10/2009 - update
Previous chart for STI is here.
Updated chart below. Forming symmetrical triangle and a falling wedge.
Updated chart below. Forming symmetrical triangle and a falling wedge.
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