GLP Bullish Breakout

GLP +5c at 2.04 now. Target 2.07.

Bulls Are Fighting Back

STI up 20 points at 3160 now. It's just beneath its down trendline( resistance). An early signal for bulls to get in will be the trendline breakout, while the confirmation only comes when STI close above 3180 major resistance.

Breakout Play: Manhattan Res, at 1.10, up 5c now.

Straits Times Index

Good morning everyone.

STI is trading in the range in the morning, market doesn't show a clear direction, as it has done over past four weeks. To the upside, 3180 is the resistance level and 3110 is the support level to the downside.

Singapore Uptrend Stocks Updated

ARA
Biosensor
Cache
Capitamall
DBS
First Reit
Firstresouce
Global Logistic
Goldenagri
Hkland
Jardine C&C
Kepcorp
M1
Mapletree Industrial Trust
OCBC
OKP
Osim
PCI
SIA
SIA Engg
StraitsAsia
Sunvic
Supergroup
ThinkEnv
UOB
UOL
Wilmar
World Precision Machinery
Zhongmin Baihui

Olam Breaking Out

Olam up 3c at 2.93, nice long candidate.

Long Candidate: Wilmar

Wilmar is rebounding, current price is 5.36, target 5.47.

Bulls Are Fighting Back

STI is poised to have a rebounce, finally. I had a last spike down and closed positive yesterday.

Support:  3110
Resistance1:  3138
Resistance2:  3180

Straits Times Index

Straits Times Index is breaking down its important psychological level 3100, it's now 3099 as I'm writing this. The market may have a last push down, and it may scare a way weak holders before it rebounds. Anyway, I would prefer to stay aside for the the time being to wait for clear signals. I know what to watch out.

Will update you soon.

Kepcorp: Head& shoulder Breakout

Kepcorp had its head and shoulder breakout yesterday, down 30c at 11.12, neckline at 11.26. Target is at 10.45 as projected.

Kepcorp: Head and Shoulder Reversal

Kepcorp at 11.2 now, down 22c. It's breaking down its head and shoulder neckline. More downside if it closed below 11.26.

Straits Times Index

Good morning everyone.

The STI has been consolidating (sideways) for the past three weeks, it was really boring and tested much of my patience. For the coming week, I will be cautiously bullish in the broad market-- the uptrend is still well intact but STI facing major resistance 3180. The support and resistance levels I'm currently watching at:

Resistance: 3180
Support: 3110
Bullish/Bearish: Cautiously bullish

Bearish Genting Sp

Genting Sp shows a head and soulder bearish pattern on its line chart, the neckline has been broken, target is 2.0 then 1.92 by projection.

OCBC

OCBC breaking out from its consolidation, poised to move higher. 9.52, up 6c now.

Wilmar Breakout

Wilmar showing signs of bullish reversal after multi-months downtrend, now 5.52, up 5c. Target is 5.93

UMS Breakout

Here's a nice breakout play: UMS breaking out its major resistance 61c, target is 67c. UMS is up 3.5c at 62c now.

GoldenAgri

Goldeagri poised for more upside move. Now 69.5c

Straits Times Index

Good morning everyone. I'm cautiously bullish on STI given that US market has pulled back and the US dollar is likely to rebound a bit. These will probably add more pressure on STI's rebounce.

For the time being, I'm watching 3180 and 3100 for the immediate resistance and support level respectively.  Looking at the bigger picture, STI may move higher to its target 3280 as long as the 3100 is hold.

Breakout Play: Ramba Energy

Ramba breakouting its resistance 62c, now at 62.5c

Straits Times Resistance 3180

Following Wall Street retracement last night, STI also facing its major resistance at 3180. Support 3110.

I'm bullish on overall broad market, the uptrend is still intact. Will update you soon again.

Guocoleisure

Guocoleisure set up for long entry.

Falling Angels or the Best is Over?

Market is going to sleepy mode now, just as it does most of the time.

I have the "Down but not out" list from the Edge magazine, the picks based on comparison of its peak to current price is a rough measure to me. As company business are in cycle, the companies which were great five year ago may not be great anymore today. A good example will be Creative which is 69 bucks 10 years ago, worth only 3+ bucks today.

Anyway, there are still some gems among them( the list), which are good long candidates now if combine with technical perspective:

Cosco
Gallant
Guocoleisure
Guocoland

Osama Featured In the Newsweek

CWT

CWT poised to move higher.

Long Candidate

Pre-earning play: StraitsAsia(SAR) , SAR result announcement is on coming 12 May.

 Genting Sp: more room to upside.

Lottery Play

Lian Beng had a nice breakout after multi-months consisolidation at the range of 27~34c.

Market Poised For Rebounce

Good morning everyone.

STI is rebounding now, a quick note for long candidates:

Genting sp
ARA
Sembmar
Sembcorp
OCBC
SGX
Kepland
Noble grp
SAR

Oh, Hot!

It's general election cooling day today. PAP supporters are getting hot.

StraitsAsia

SAR rebounding from its 20ma support, a nice long candidate.

SPX Testing Its Major Support 1330

US benchmark index S&P 500(SPX) retraced to its major support 1330, dropped 12 points. Below picture is what I think SPX would work out, it will rebound and reach target 1420, I am bullish as long as SPX don't fall below mid March low 1250.

Oh...It's getting Hot

Out of curiosity, I went to observe the lunch time General Election speech at UOB plaza today, which just beside my office. It started at 12pm, no wonder the stock market no strength in late morning. LOL. But I was there after 12.30pm when market closed, I'm more concern my own rice bowl...

There are thousands of crowd there, I can feel it's really getting hot. Err...are you guys really looking for a strong opposition into the parliament or just want to let go with your boredom?

Genting Singapore

Genting 1st support: 2.08
2nd support: 1.99

Straits Times Index At Support 3110

STI at 200ma and resistance-turn-support level 3110, where bulls may fight back here.

Gallant: A Bull Among The Bears

Gallant up by 1.5c at 44.5c now.

Straits Times Index Hit 3110 Support

Straits Times Index dropped sharply today, led by the retracement of blue chips. STI dropped 44 points to 3109 now, hit its major resistance-turn-support level. HSI has dropped 388 points to 23242 and SSE has dropped 70points to 2861 now.

The correction maybe overdone.

Yangzijiang Looks More Bearish than Bullish

YZJ had firmly break its support 1.8 yesterday, unable to climb above its trendline resistance. The odds are towards bear now. Next support 1.67.

Straits Times Index Retraced

STI retraced today, it's down 28 points at 3151 now. No rally before general election, no rally after Osama Bin Laden's dead. Just a normal retracement after a recent run up.

Support 1: 3138
Support 2: 3120~3110