STI has been consolidating in the range of 3240 to 3320 for slightly more than a month from 24th Jan till now. Probably need a catalyst from the US markets to lift it above the 3320 resistance seen currently. A break above 3320 can see it test 3400 in the mid-term. As long as 3240 remains as a support for STI, we remain bullish. A breakout above the key resistance can see focus shifting from penny stocks to mid to large cap stocks.
Thursday, February 28, 2013
Wednesday, February 27, 2013
Contel has surged above the critical 0.100 resistance and psychological level which it has been consolidating below for about a week. Currently at 2nd Top volume. Support remains at 0.100 now. High as at now is 0.109. As long as 0.100 hold as the new support, upside to between 0.11 and 0.14 seems possible, of course with consolidations in between. Look at the gap down it has formed in April last year from the 0.15 region. Possible to close this gap quickly on high volume. For short term trades, a break above 0.11 can see it push higher to find a new resistance.
Stop loss at 0.096 nevertheless.
Monday, February 25, 2013
China Minzhong has broken above the high formed last week at 1.22. Today’s high at 1.23 currently. Momentum looks strong still on recent news of Alliance with Indofood.. Next immediate target at 1.30. A break above 1.30 can pave the way to 1.35 to 1.40 in the short term. Worth a short term trade. Support would be 1.22 then 1.20.
Stop loss at 1.17.
Thursday, February 21, 2013
Press release on GSH today - Lippo and private equity fund, SkyVen, subscribe 395 million shares in GSH Corp for $37.5 million. Has broken above the consolidation phase of 0.110. Has been trading side since April last year till today. A clear breakout seen today on new shares placement agreement. TOP volume seen currently. Support remains at 0.11 strongly for the longer term investors. Opened at 0.122 today on gapped up.
More upside possible, immediate target to 0.130 psychological resistance level. A break above 0.130 can see it go up to 0.14 to 0.16. Note that the High in April last year was 0.158. A pretty decent gap to close.
Stop loss at 0.118
Monday, February 18, 2013
Has been trading in the range of 0.08 to 0.100 from June 2011 till now. Have tested the 0.100 Key resistance today and cleared it. More upside certainly if it manage to stay above the new support level.
Today’s high at 0.103.. Top 5 volume seen currently. As long as 0.100 holds as the new support level, possible to head higher to 0.125 to 0.13 level. Look at the potential upside gap it can fill it manages to stay above 0.100.
Stop loss at 0.096 nevertheless.
Friday, February 15, 2013
Stop loss at 0.485
Tight stop loss at 0.033.
Thursday, February 14, 2013
Has been trading below the 0.023 critical resistance level from May last Year till now. Tested a total of 8 times before breaking out today. A very short term trade to ride on the penny stocks interest.
A strict stop loss 0.021. As long as 0.023 remains as the new support level, possible to head higher to test 0.0300. A break above 0.03 can pave the way to 0.036 which was the high set in April last year. Top 30 volume seen currently.
Friday, February 8, 2013
Has broken out of its consolidation phase above 0.365 resistance level which it was consolidating below from May 2012 till this Wednesday. Current support at 0.365 level. As long as this remains as the new support, a break above 0.400 psychological level can pave the way to find a higher target.
Stop loss at 0.345.
Has been trading above the 0.45 level which it broke above more than a week ago. Currently consolidating from 0.455 to 0.495 (4 cents trading range). Immediate support level remains at 0.45 now. As long as 0.45 level is not broken below, we remain bullish with a target price of 0.600 if the critical 0.500 resistance level is taken out. Possible to accumulate during trading range and await breakout. We will average up on any breakout above 0.500.
Stop loss at 0.435.
Thursday, February 7, 2013
Since our previous call last Thursday 31st Jan 2013 when Genting has broken above the 1.50 resistance level(We called for a buy at 1.51), it has managed to stay above this new 1.50 support level. Currently consolidating from 1.51 to 1.55 range for the past week. More upside on any breakout above 1.60 level. Currently at TOP 20 volume. Possible to head higher due to Seasonal CNY gambling sentiment.
Stop loss at 1.485.
Wednesday, February 6, 2013
Upwards momentum has been strong since it announced that it has Secured Two Contracts Worth S$49.68 Million From A Regional Service Provider last Friday. Could be winning more contracts in the Myanmar market as so far its clients are established Telco companies like Singtel and Huawei eg.
Broke above the high of 0.085 which it has been below since Oct 2007. As long as 0.085 remains as the new support level, might see it consolidating before surging higher to find a new resistance. Looks set to clear above 0.100 soon. A break above 0.100 could pave the way to 0.12 quickly.
Volume at TOP 3 currently. Mainly a play on its strength in Myanmar as a service provider to Myanmar’s Telco.
Stop loss at 0.082.
Monday, February 4, 2013
Osim broke above the key resistance at 1.815 last Friday after its results announcement. Ascending triangle formation break out could signal more upside in the short term. Has tested the 1.815 level since Dec last year till now for about 3 times. Broke out on Friday noted. A break above 1.90 could pave the way to 2.00.
As long as 1.815 new support level holds, can head higher to find new resistance. Psychological support at 1.80 too.
Stop loss at 1.79.
Friday, February 1, 2013
DBS has been trading below the 15.00 resistance level since Aug last year to now. Has finally cleared above the critical 15.00 level today. As long as 15.00 remains as the new support, a rise towards 15.50 seems possible. Buyer came in to clear the whole 350 lots at 15.00. Not really for contra trades, might to hold to ride the gains.
Stop loss 14.94