Monday, November 30, 2009
What Shall We Do After Dubai World Crisis?
I Never be so impressive with a public holiday like last Friday, why? All markets dropped panically right after Dubai World crisis announced but not STI -- we are closed for holiday! What a blessed day.
Okie, the situation seems contained and not that as bad as we could think, at least by now. I'm a chart person, I only trust the chart. What does the chart telling me? Again, it's too early to conclude market will be back to bear from now. The uptrend is still intact. I'd rather prefer to treat it as a retracement or correction in a uptrend, for any drop, and watching the support levels, I'll change my view unless the trend change, i.e. support levels broken and we got a lower high and lower low.
Today is the last day of the month, it's important to see how STI close for today. so far it's a bullish candle on monthly chart. 2700 is the major support level I'm watching. On weekly chart, last week was a shooting star which indicate a possible retracement coming. Again, The uptrend is still intact.
Okie, the situation seems contained and not that as bad as we could think, at least by now. I'm a chart person, I only trust the chart. What does the chart telling me? Again, it's too early to conclude market will be back to bear from now. The uptrend is still intact. I'd rather prefer to treat it as a retracement or correction in a uptrend, for any drop, and watching the support levels, I'll change my view unless the trend change, i.e. support levels broken and we got a lower high and lower low.
Today is the last day of the month, it's important to see how STI close for today. so far it's a bullish candle on monthly chart. 2700 is the major support level I'm watching. On weekly chart, last week was a shooting star which indicate a possible retracement coming. Again, The uptrend is still intact.
Labels:
SG Mkt
Thursday, November 26, 2009
Wednesday, November 25, 2009
Case Study
Ezra:currently trading its resistance level 2.05, as ascending triangle formation. target is 2.44 by projection.
Kepland: recently breakout from its major resistance(have been in a range trading for 5months and finally it breakout!), currently at a minor resistance 3.15, long either breakout this level or wait or it to retace back, 2.88 will be a great entry point IF it does came back.
FrasersCT: major Support 1.17 and also above its 50% fib level,I'm looking at 1.3~1.35 as its next target.
Kepland: recently breakout from its major resistance(have been in a range trading for 5months and finally it breakout!), currently at a minor resistance 3.15, long either breakout this level or wait or it to retace back, 2.88 will be a great entry point IF it does came back.
FrasersCT: major Support 1.17 and also above its 50% fib level,I'm looking at 1.3~1.35 as its next target.
Labels:
Long Candidates(Sg)
Tuesday, November 24, 2009
KepCorp
Nice breakout of triangle formation. Target= 9.22, also it's major resristave lelev.
Labels:
Long Candidates(Sg)
Long candidate
Areit: Symmetric triandle, long if above 1.9
Hyflux: downtrend break, more room to upside
FrasersCT: rebounding from 1.17 ***
Yanlord: at major support 2.2
Olam: support 2.5
Wilmar: support 6.22
MacqIntInfra: breakout from 0.42 major support *****
K-reit:0.985 major support
Hyflux: downtrend break, more room to upside
FrasersCT: rebounding from 1.17 ***
Yanlord: at major support 2.2
Olam: support 2.5
Wilmar: support 6.22
MacqIntInfra: breakout from 0.42 major support *****
K-reit:0.985 major support
Labels:
Long Candidates(Sg)
Monday, November 23, 2009
IndoAgri
IndoAgri is attempting to crossover its major resistance 1.81 now.
Labels:
Long Candidates(Sg)
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