Thursday, December 1, 2011

CITY DEV CHART - Support turned resistance broken at 10.10... NOW AT 10.14.....more upside if stay above this level.... might head to 10.40 or critical 11.00

Note that it has not cleared above the 11.00 level for about 6 months... might test this resistance again in near term on market strength...

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SAKARI CHART - Broken out of consolidation phase below the 1.97 level... currently at 1.99..... Watch the break of critical resistance at 2.00....

Will average up on this break of 2.00..... target to 2.10, recent high was above 2.50 in Oct..... put a stop at 1.935 nevertheless...
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COSCO CORP CHART - Broke above 0.900 resistance level, now at 0.91.... Short term target to 1.00.....

Put a stop at 0.885....


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STX OSV CHART - Cleared resistance at 1.20...... uppside to 1.30.... now at 1.25.....


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OLAM CHART - Broke above consolidation phase at 2.35, now at 2.38....short term upside possible ....

From the chart, you can see that the recent high is above 2.60.... put a stop at 2.32


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