Friday, December 31, 2010
GENTING SP CHART - Ascending triangle formation building up...... get prepared for this BREAK of 2.22 ...
Genting SP has broken above the 2.14 resistance early this week and went up fast.. tested 2.22 again but has failed to lift off this level again..... can consider accumulating some at this level to wait for the break, break of 2.22 will see it go back to the 2.30 level fast, average up then, don miss it again, stop loss at 2.13..
Thursday, December 30, 2010
Can start accumulating from 11.06 to 11.20, get ready for more uptick to 11.50 in the near term.... Strong beneficiary to rising Crude oil prices !
GOLDEN AGRI CHART - broke 0.800 clearly yesterday.... if stay above this level will move to higher ground...
Can consider accumulating some from 0.800... target price at 0.84.... Today's volume has fallen from yesterday, need some volume to take it through again...
Accumulate from 0.45 to 0.455.... target at 0.485. Stop loss at 0.415.
Gallant has cleared the major resistance at 0.46 yesterday ...... it is free now!!!!! look at the upside potential....average up on more breaks ! Can get some from 0.45 to 0.475 if possible.....
Wednesday, December 29, 2010
Golden Agri looks good to go with it breaking the 0.800 support which it has tested 4 times and failed to break...... today it has broken on pretty high volume, good luck !!! Quite a good potential trade opportunity !!
KENCANA AGRI CHART - today it has finally CLEARED the 0.45 resistance...... more upside to be seen!!! target 0.48
Can consider accumulating some at this level from 2.50 to 2.52 to wait for the clear 2.56 break, average up on this break !!! Strong uptick in all the commodities counters to be seen....
Tuesday, December 28, 2010
Trading range has become from 2.10 to 2.18, can possibly get some from 2.10 to 2.12 level.... average up at 2.21 and 2.22 !
This counter has cleared the resistance at 1.55 today, went to a high of 1.59...... now at 1.57 !!! Strong rebound to be seen... next resistance at 1.60 clearly... if cross this level can see it close the gap fast... stop loss at 1.53.
Monday, December 27, 2010
GENTING SP CHART - symmetrical triangle formation ....... breakout above 2.14 on the upside likely.....
Genting SP is forming a symmetrical triangle which signifies a narrowing of its consolidation phase before it either breaks up or down. A break above 2.14 would be very critical as it would have broken above both channel resistance formed by the symmetrical triangle and also the horizontal resistance which it tested last week but failed to break. Watch this break .... trading range from 2.09 to 2.14 currently on low volume....
Can get some from 1.74 to 1.75 and wait for the next break of 1.78 resistance.... Seems like a potential rebound from consolidation phase below 1.70 previously
Next resistance at 1.56, trading has become from 1.50 to 1.56, can consider getting some at lower end of range, Stop loss at 1.47...Strong rebound above 20 day MA (Blue line)... Now at 1.53 already
Possible to get some from 9.75 to 9.80 within the symmetrical triangle range to wait for the break out above the channel resistance (Downward sloping line)... Aggressive traders can consider to accumulate some below 9.90...
Thursday, December 23, 2010
Ezra has crossed the resistance at 1.74, now at 1.75, 1.76.. If managed to stay above this level can possibly go up to 1.84. Stop loss at 1.68
Can consider buying some on the dips from 1.46 to 1.47 if possible.... Wait for the break of 1.49 to see it go up to 1.56 in the near term.
Cambridge has crossed above its resistance at 0.52 quite clearly and has managed to stay above for the past few sessions. Likely to head up to 0.57 slowly... This remains a very good dividend yield play (9.1%) with capital upside too... What more can you ask for?
Traders can trade the range from 10.60 to 11.06. Support remains at 10.50, it would be good to grab some below 10.64 if possible to trade the range. stop loss on breaks below support at 10.46.
Wednesday, December 22, 2010
If counter manages to stay above 2.11, will be a positive.... otherwise remains range bound... support at 2.07 then 2.02 !
Osim resistance is at 1.54 which it is currently testing again today. If it stays above this level, can possibly see it cover its gap to the 1.60 resistance before moving higher. Volume is rather thin so might have to hold for a while. Good luck !
Tuesday, December 21, 2010
Cleared on high VOLUME TODAY the 0.36 resistance... target price in the short term is 0.39 to 0.40 first. stop loss below 0.36 at 0.35 !
Monday, December 20, 2010
Technically, major resistance at 2.30 which it tested a total of 3 times including today, if it breaks this level, it has the potential to go to above 2.40 very quickly as people start to hitch on the Dual listing news... Aggressive investors can grab some from 2.24 to 2.27 range and wait for this BREAK !!