Monday, July 23, 2012

GENTING SP CHART - Support at 1.30 broken, now at 1.295.... must stay above or more downside to 1.20 possible


NOBLE GROUP CHART - Nearing ultimate support at 1.05 level again..... tested a total of 5 times since last year November till now. NOW AT 1.06

Can consider locking in some position near critical support level from 1.05 to 1.06.... take profit for any rebound above 1.10 for a short term trade.
Has been holding above this 1.05 level since November last year to now already,  tested 3 times exactly in May and June this year.

Potential trade set up for long position as long as the 1.05 support holds. Strict stop loss at 1.04 (don't even hesitate), or ever a short position if the 1.05 BREAKS down.

Friday, July 13, 2012

UPP CHART - Currently at 0.355..... tested and broke above the 0.35 yesterday, more confirmation needed. Target to 0.45 possible, look at gap...

Will go for a short term positive trade if the 0.36 sellers clears out... grab at 0.36 with a stop loss at 0.335. Now at 0.355 !

Top 20 volume seen currently, increasing gradually which shows interest back in this counter after break out of 0.35 critical level. (Tested 3 times for about 2 months and failed to break above)


QINGMEI GROUP CHART - Broken away from consolidation phase below 0.08.... was below this level for about 2 months. NOW AT 0.082

Target to 0.093 first then critically at 0.100... put a stop at 0.078 , TOP 10 volume currently.