Small Caps in Play

STI is still holding in a narrow range, showing signs of resilience. Small caps such Yoma, IEV, Meiban, SeeHS and Sky one has gone up quite substantial, in terms of percentage.

I have two long candidates in sight today:
Mapletree Industry Trust @ 1.13 now(9.58am), huge volume pick up ahead of dividend, do note, XD is on tomorrow 1 Feb.

Q&M strong support at 80c, its weekly chart looks nice with high vol breakout.

Straits Times Retraced

Good day everyone.
As STI retacement is expected( or at least consolidation), I'd rather stand sideline monitor first. As some asked me what time I usually update my post here. I'd say I'm rather irregular these days to post, as whenever I say an opportunity I will update throughout the day. ( I used to post quite regularly in the morning before market open). One thing you can do if you want to get update as soon as possible is you can subscribe to follow the blog, just fill your email on top right hand side under "Follow By Email".
Below chart is the 50% level at 2918 for STI. Cross above this line, more upside otherwise, a retracement is expected.

Straits Times Approaching 2900 Resistance

STI opened gap up this morning and continue went up to as high as 2917.59 then selling off a bit to 2883 now(12.13pm), slightly down 8.7 as compare to yesterday close.

STI is at an importance resistance level 2900 (point (1) in below chart)now, after three weeks consecutive run up, for a gain of 230 points. It should be pull back or at least consolidate for a while if it were continue go up to point (2). The middle point between year 2010 and 2011 closing price is at 2918, which is an inch higher than today's high 2917.59, amazing isn't it?

Small Caps Catching Up

Ying Li: Breaking out its long term downtrend line, indicate its change of trend. Currently 0.325c, +3c.

Jaya Hlg: Formed a nice round bottom, its major downtrend line already broken. More upside is expecetd.

Mewah: Pay attention to Mewah, especially its volume, looks very "interestingly" high when price up. Is there big position building taking place?



Happy Lunar New Year!

Dear Readers, It's fruitful day today, next Monday and Tuesday market closed for CNY holiday. Wish you all Happy Chinese New Year.

Genting sp Up 5%

Genitng sp going up 7c today (4.89%, 3.47pm) to 1.61. My target is 1.64(gap resistance).

Starhub Retraced

The long term uptrending, the champion of the year 2011--starhub has retraced more than 5% this week, from 2.91 to as low as 2.76 today. It hit 2.76 just now and rebounding to 2.78 ( 1.35pm), 2.77 is its long term uptrend channel support. There is a high probability to bounce up from here.

Incredible Dance

Next Mover: Wilmar

All the blue chips under my radar more or less already moved up quite a lot as my "planned", the slowest mover is capitaland which moved up yesterday. Finally.

And i have one heavy blue chip to focus from now on, which is Wilmar. It has NOT moved at all in this long up run, stuck within the range between 5.0-5.15 for quite some time. It will move higher if it can CLOSED above 5.15. Target is at least 15c to upside--5.30.

Wilmar +4c at 5.19( 9.40am)

Mewah Breaking Out

Mewah breaking out its resistance 50c, now 51c(11.03am), nice uptrending, more upside expected.

Long Candidates

Good morning everyone. A quick note here before market open.

My focus today for upside move: Genting sp (1.535) and Osim(1.195)

OSIM Nice uptrending

Osim works out today, it up 4.5c now at 1.215(11.38am), target is 1.3. Nice uptrending stock.

STI Next Target 2900

STI closed at 2815.85 yesterday with 59.36 points up. the next target is 2900.

I have some "late comers" starting to move up only yesterday. Are they going to continue move up in coming days? Let's see

Osim
Wilmar
Genting sp
CWT
Citydev

Long Candidate: CWT

CWT has been consolidated for more than one month since mid Nov last year, it had a breakout on last Thursday with high volume--a textbook consolidate and run example. It did pullback on Fri to support 1.015, today rebounding up. Now 1.03 +0.015c.

STI Retraced

Good morning everyone.

STI retraced in the morning session, it's down 31 points to 2759 now(10.21am), STI has marginally penetrated my channel line top on Friday, but it come back to its uptrend channel now. The immediate support is at 2750 then 2730. On the longer time view, refer to the chart below, STI hit 61.8% at 2791 on Friday (exactly!)

Straits Times Approaching 2780 Resistance

STI up 25 point at 2768 as I'm writing now(12.38pm), eighth green candle consecutively. It seems all very "Zun" this round for my long candidates picks, hope you make some stunning profit as me. The last long candidate as I post yesterday OCBC is moving up now too, a late comer but better than not. OCBC +11c at 8.09( 12.42pm).

STI immediate resistance is at 2780, about 12 points to go from now. Do remember to watch your stock resistance and support level to decide where to take profit.

Will OCBC Catch Up?

The bank sector both DBS and UOB up quite a lot except OCBC. For the past two trading days up to now, DBS +4.9% and UOB +4.6%, and OCBC is still zig-zag hovering at around 8.0. In fact it has been consolidating at 7.8-8.0 for the past four weeks or so. A break above 8.0 firmly will be a signal to more upside move. I'm rather bullish than bearish on it, just take a look at the candlestick color over the past seven days, more bullish or more bearish? There are six green color out of seven candlesticks.

YangZiJiang Moving Up

YZJ resistance 94c comfirmed breakout today. Now 96c. Target 1.0

Breakout Play: Capitaland

Capitaland is breaking out its 2.3 resistance, 2.32 now. First target 2.40

Long Candicades

Hyflux: formed a bullish hammer at support 1.22. more upside than downside.

Genting Sp: range 1.53-1.57

My Watchlist Update(Long Candidates)

Some of the counter below already worked out to upside( such as First Res, Biossensor, Osim, GoldenAgri OUE), and some haven't yet. For those already moved up, wait patiently for pull back then get in. You should do homework find their support and resistance before go in.

Kepcorp
YZJ
Sembcorp
Sembmar
NOL
Ezra
STX OSV
DBS
Jardine C&C
SIA
Singtel
Yanlord
FirstRes
Goldenagri
Dyna-mac
Biosensor
Osim
OUE
Amtek

The Breakout Play

NOL

Amtek

FirstRes

Uptrending Stocks Update

Below are the stocks in uptrending, they are typically "defensive" stocks we should pay attention to, especially in this kind of volatile market.

Starhub
Singtel
GoldenAgri
FirstRes
Biosensor
Osim

Straits Times Seen Bearish Candlestick

STI formed a shooting star at 2715 resistance level yesterady, it closed at 2713 in the end, after went up to as high as 2733. Consolidation area is 2676 to 2715 area. On the other hand, i see individual stocks(blue chips) are setting up for more upside. See how it work out.

I have OCBC, NOL, Kepland and EZRA to focus if market were to move up today.

Long Candidates

STI up by 12points at 2723 (11am). Below are my candidate ( most are blue chips) for bullish bias, many of them formed doubt bottom.

Straits Times Approaching 2715 Resistance

STI has full filled its target which I mentioned on 30th Dec post(click HERE), It hit it 50% fibo level at 2714 and closed at 2711.02, it's under resistance now. Vol picking up for STI, I will be watching the levels between 2676 -2714 for bullish bias consolidation before it continue move up, otherwise a break below 2676 (or 2669 61.8% fib) would be a sign of resume its downtrend.

Long Candidates

STI closed 42 points higher today at 2688.36. Just beneath its downtrend line and pivot level 2695. I have below counters for long if STI were continue pick up tomorrow.

NOL:  close at 1.18, just break 1.15 resistance today with high vol.
Mewah: closed at 49c. resumed it up move
YZJ: closed 94c
STX OSV: closed 1.20
CAO: closed 1.105, well supported by its 20ma.
EZRA: Closed 87c, broke resistance 86c

Major Index 2011 Performance

In below table, I summaried the world major indexes performance for the year 2011. Green color shows positive and red color shows negative, in summary only Dow Jones 30 Index is positive and S&P 500 is basically flat as compare to their previous year. The rest markets are all red, Shanghai, Nasdaq and Hang Seng are three worst performer by percentage with -22%, -22% and -20% respectively. STI dropped 543 points or 17%.

And Additionally, you may start to use 2011 close figure as your "go home" level for this year.

Straits Times Rebounding to Underneath 2700

Good day everyone. A very good Happy New Year to you.

Some says STI is dressing up today as it didn't do so on last trading day last year. It's 44 points up to 2690 as I'm writing now. My expected rebounce level happened one day late. As it crossed the major resistance 2676 level, I'm slightly bullish rather than bearish as long it stayed above 2676.

How to Hold a Mike Correctly