Wednesday, January 29, 2014

****** SELL: OEL Hldgs. Share price: 0.097. Broke 0.100 support....

OEL  has traded above the 0.100 Critical support for about 4 months only to break below today on reasonable volume together with other pennies weakness. May head lower to 0.090 to 0.094 next support. May find a rebound at 0.090 level which also coincides with the 200 DAY MA line( Dotted blue line). CFD sell trade opportunity to ride the temp weakness.
Stop loss 0.102.
 

********** Broken Psychological Support: Vallianz. Share price 0.146. ( Support at 0.150 tested and broke, cautious)

Vallianz might experience some downside first before a rebound as support at 0.150 has been broken. Has stayed above for more than a month before breakdown seen today. Can head to 0.140 to 0.120 if it does not retrace back up this support turned resistance. Sell trade possible under CFD.
Stop loss 0.152.
 

Monday, January 27, 2014

********* Sell: Capitaland. Share price 2.84. ( Broken immediate support again)

Capitaland has broke the 2.95 support more than a week ago and did not manage to bounce back above it. Has broke the immediate 2.85 support today on pretty strong volume, likely to head lower to 2.80. A break below 2.80 can see it go to 2.60 range. Cfd SELL trade opportunity. A slight descending triangle downward pattern formation from July to Dec last year before it broke the support which can signal some bearishness.
Stop loss at 2.88
 

****** Sell: SIA. Share price 9.87. Broke 10.00 and 9.90. - CFD sell trade.

More downside likely for SIA after it has broken the 10.00 support strongly yesterday and dipped further today. Can see it go to 9.40 to 9.60 range which was the low set in September last year. Possible to accumulate around there for a rebound. CFD sell trade to ride more downside before upward retracement.
Stop loss at 9.96
 
 
 

Tuesday, January 21, 2014

********* Opportunity to accumulate on consolidation: Charisma Energy. Share price 0.078.

Charisma is trading range is from 0.076 to 0.084 for more than a week. Might be a good opportunity to accumulate as it dips downwards to near support. Supported at 0.075 to 0.076 at the moment. At this level. It is also trading above the 20 DAY MA support. A break above 0.085 can see it test 0.090 fast. Any uptick above 0.090 can see a new phase upwards.
Stop loss 0.073
 

******** Potential Upside still intact: KLW. Share price: 0.038. (To clear 0.040 for more upside) - REPOST

20 January 2014
REPOST - Has manage to clear above 0.040 last Friday after posting. As mentioned, more upside as long as 0.040 holds as new support.
 
 
Sent: Friday, January 17, 2014 12:14 PM

KLW has been consolidating from 0.034 to 0.040 for about 2 weeks already. Seems likely to test the 0.040 again. Critical level to watch on more upside with the right volume. Can consider accumulating if it dips to near 0.034 support, also the 20 DAY MA support,  which it can also rebound from. A break above 0.040 can see it go to 0.045 to 0.050 fast before some consolidation again. Take profit along the uptick.
Stop loss 0.029.
 
 

Friday, January 17, 2014

********** Potential Upside still intact: KLW. Share price: 0.038. (To clear 0.040 for more upside)

KLW has been consolidating from 0.034 to 0.040 for about 2 weeks already. Seems likely to test the 0.040 again. Critical level to watch on more upside with the right volume. Can consider accumulating if it dips to near 0.034 support, also the 20 DAY MA support,  which it can also rebound from. A break above 0.040 can see it go to 0.045 to 0.050 fast before some consolidation again. Take profit along the uptick.
Stop loss 0.029.
 

******** Trading Buy: SIIC Env. Share price 0.192.(Rebounded from 20 DAY MA Line, cleared immediate resistance)

SIIC has rebounded from the 20 DAY MA line for the past week after touching it and today we have seen it breaking above the 0.190 resistance which was a barrier for the week. More upside to 0.20 and 0.205 can be possible if it stays above. Volume rising again on the back of this breakout.
Stop loss 0.187
 
 

Wednesday, January 15, 2014

******* Potential Rebound: Viking. Share price 0.148. ( can it cross above 0.150 ?)

Viking has consolidated below 0.150 for about a week after the sell down last week when support at 0.158 was broken. Currently psychological support stands at 0.150 which also coincides with the 20 DAY MA line. Any break up above 0.150 can possible lead to a retracement back up to 0.158, 0.160 then 0.166. Volume still reasonable at top 20 currently while 0.150 is tested. Monitor closely if it does break above.
 

Thursday, January 9, 2014

******** Trading Buy: Yangzijiang. Share price 1.23. ( Broke 1.22 resistance level)

Yangzijiang has broken the 1.22 that held since Nov 2013 on reasonable volume today. May try to test the 1.25 level in the coming days. A break above 1.25 can pave the way to 1.30 too. Channel support upward sloping line still holding well so far which can means that upward trend set since June 2013 still intact.
Stop loss at 1.19.

Tuesday, January 7, 2014

********* Monitor Closely for Breakout: RH Petrogas. Share price 0.63.

Rh Petrogas is currently testing the immediate support turned resistance at 0.63, 0.635. A break above 0.635 can see more upside to 0.65 then 0.700. Ascending Triangle pattern seen since mid Nov 2013 with resistance at 0.63. Volume still relatively low at the moment but a breakout on high volume might see momentum taking it higher.
Stop loss 0.595.
 

******** Testing immediate resistance: KLW HLDG. Share price 0.035. (More upside to 0.038 and 0.04 resistance clears)

KLW is currently trading just below the 0.035 immediate resistance which it has been below since Nov 2013. Tested a total of 4 times including today but no breakout seen yet. Monitor closely for a breakout above 0.035 which can see it go to 0.038 fast. A slight Ascending Triangle Formation pattern formed since Nov 2013 can be seen. Aggressive traders can consider some long positions in wait of breakout. Huge Sellers 65m shares seen at 0.035 at the moment currently but volume remains high at TOP 10 volume which can signal an impending upside movement.
Stop loss at 0.029
 

Thursday, January 2, 2014

******* Potential Breakout play: WE Hldg. Share price 0.042. (Huge RESISTANCE AT 0.043.)

We Hldg has been trading below 0.043 since the breakdown of the 0.043 support about 2 months ago. Currently this level would be a critical support turned resistance level to watch. Has attempted to break above 0.043 twice over the past 2 months but no avail. TOP 10 volume seen currently as it nears the resistance level and huge sellers stack there 23m shares at the moment. Any clearing of this level can signal strong buyers coming in and taking it up to the new phase upward, target to 0.05 first which also coincides with the 200 DAY MA line.  Can see quite a clear gap to clear above 0.043, supported at 0.040 psychologically at the moment.
Stop loss at 0.039.
 

********* Potential Breakout seen: Albedo. Share price 0.058 (Can it cross 0.06 ?)

Albedo is likely to test the 0.06 critical resistance again in the coming days and any breakup above this level can signal more upward strength. Can buy on breakout above 0.060 or accumulate within trading rage from 0.055 to 0.06. Consistently above 20 DAY MA (Green line) since crossing above it end Nov 2013. Target on breakout can be from 0.064 to 0.070 first.
Stop loss at 0.054
 
16 December 2013
#Albedo spreads its wings further into the Iskandar game, after agreeing to buy an additional six parcels of land from Malaysian tycoon, Tan Sri Dato’ Danny Tan in a move that will increase the size of the reverse takeover (RTO) deal by more than twofold to $1.86b.

The purchase consideration was at a 16.6% discount to the aggregate market valuation of all the land parcels, which consists mostly of agricultural land, and a prime waterfront commercial site. Albedo first agreed to buy seven parcels of land from Tan Sri Dato’ Tan’s Infinite Rewards Inc in Sept13, and the latest additional six land parcels will bring Albedo’s Iskandar landbank to 13 parcels of about 1,182.58 acres. Albedo will pay for the land parcels to be acquired by issuing 39.5b new shares at 4.7¢ per share to the vendor, representing 95% of the enlarged issued capital of the Company. Albedo will also consolidate its existing shares on a seven-to-one basis, and is planning to issue 260m warrants which are convertible to 260m shares.

Separately, Albedo is also negotiating with Kawasan Mestika Sdn Bhd to acquire Kawasan’s entire issued capital which holds or will hold a 228-acre property in Pulai, north of Iskandar’s Nusajaya Development.
Valuations are meaningful at this point of time, as the group is still undergoing its potential RTO and book building process.
 

******* More upside possible on consolidation: Charisma Energy. Share price 0.082.

Charisma Energy has seen a strong push upwards since breaking above the 0.066 resistance a few weeks back. Support currently at 0.080 then 0.074. May see it take a breather and consolidate from 0.080 to 0.084 before more upside. A break above 0.084 can see it go to 0.090 and 0.100 in the short term. This 0.084 was the high over the past 1 week before dipping again. As long as 0.0800 holds as new support, still a positive counter in the short term.
Stop loss at 0.078.