Thursday, February 14, 2019

UMS: Pushing higher towards target... More upside? Price 0.695.


Just about 2 weeks back, we had seen UMS approaching the key 0.65 resistance level firmly..


This was a critical level for us as you can see that it met a few criteria…


1st, it was just where the downward sloping channel resistance was… see the red line sloping down..


2nd, it was also where the 100 day moving average was, the red moving line (slightly hidden in the chart below)..


There was some sign of strength and reversal hence some upside targets were drawn expected that key resistance to give way..



Finally, last week, we managed to see that resistance at 0.65 give way and buyers started to come back..

Upside target was reiterated again towards 0.75… see what I mean below..

We were also about to see a potential crossover of the shorter term moving averages, the green and red line..

Which can signal a reversal on the cards..




Today, seems like we are attempting the move above the 0.700 psychological level..


Halfway towards our target.. Some selling seen here for now which is normal…


A potential upside crossover of the short term moving averages also still playing out...


Target towards 0.75 may still be on the card if this resistance gives way too…  let’s see if target can be hit soon or maybe even revised further..


Separately, we also had a bullish signal on our system for this counter few weeks back, still NO EXITS


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Monday, February 11, 2019

Best World: Target breached, revised upwards... Price 3.26. See bullish signal!


After consolidating for more than a month below the 2.80 resistance level,


Finally we saw some bullish actions last Monday when it approached the 2.80 resistance level,


Buyers seemed to be attempting to break that.. and at the end of the day we got a close right at the 2.80 level…


Uptrend was still intact as per trend indicators as it consolidated all these while.. the up move came on Thursday furiously and some targets were drawn…




Today, we have seen the 3.20 target breached as well..


Likely to see more upside from here with target revised to 3.50 next..


Given the rally we have seen, would be good to lock in some profits along the way and more importantly protect them also..


Some profit taking expected as we push near 3.50..




Separately, from the PTI system, we actually had a few 1GT bullish entry and exit signals over the past few months..


And the NEW Bullish signal came in last Monday, see what I mean below…


And then the surge happened…


Still no exits as of now… will be looking to see when it comes out… next target may be on tracked..


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Thursday, February 7, 2019

Singpost: Target hit, Retracing back down from 1.00 still, price 0.945


Over the past 2 weeks, we have seen Singpost approaching the key 1.00 resistance level…


Some profit taking started and there was a possibility of sellers returning to push it lower..


Some downside targets were drawn then as the trend was pretty much still down in the mid to long down from trend indicators…


1ST target was at 0.95 first then the previous low at 0.88 – 0.90, see what I mean…




Over the past few days, we have breached the temp 0.95 - 0.96 support which was our first target..


Would want to be cautious of more short term weakness ahead…


2nd target may still be on tracked…


Some decent support seen at 0.94 for now but selling can continue if that gives way too…





Friday, February 1, 2019

Japfa: Heading towards target... short term positive.. price 0.835


Just last week, we spotted some bullish actions with Japfa attempting to break the key 0.80 resistance level…


Has been capped below that since 2017 and finally it managed to break free..


Hence some short term upside was expected towards 0.90 next… see what I mean..


Trend indicators were also look strong and pointing towards more upside then but just needed to wait for more confirmation…




Over the past few days, we managed to see it trying to push higher despite market weakness..


Forming higher highs with each passing day…


Some slight resistance at 0.85 for now, but target looks on tracked with that clearing too…


Target towards 0.900 may still be on the cards if that happens… still in watch list for now…

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Tuesday, January 29, 2019

Keppel Corp: Back to support.. A rebound or more downside here? Price 6.08


Just last week, we saw Keppel Corp approaching the key 6.40 resistance level...


We had been trading below this level since Oct last year and sellers don’t seem to be giving up…


Some selling pressure expected again as we headed towards there which was where the 100 day moving average line is too..


And true enough, it did happen with some bearish reversal price actions spotted too…


See downside target drawn…




Expected a potential retracement back towards 6.00 first which is where some short covering can happen…


Over the past few days, we have indeed seen some selling with the market being weaker and we are back to near 6.00,


Would want to be careful of more bearish price actions below 6.00 where targets to the downside can play out further..


For now, some short covering normal near 6.00… watching which way it goes…







Thursday, January 24, 2019

Thaibev: Upside reversal still in progress after recent rally? Price 0.735


Thaibev has seen a really good recovery since the beginning of 2019 when it first cleared above the 0.62 resistance and caught our attention…


and up it went with each passing day..


Just last week, we spotted some bullish actions in Thaibev again with it attempting to break though the key resistance at 0.67..


Some upside was expected and targets drawn… with short term momentum still strong





Over the past few days, target has been hit at around 0.72 and breached too..


We have been trying to push higher from this new 0.72 support with some slight resistance at 0.75 now..


Awaiting more bullish price actions which can see the upside reversal continue towards 0.78 as per revised target.. while taking steps to protect profits.


What a good run caught indeed…


We had a recent bullish entry signal on the PTI system too, still no exits for now… let’s see when..


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Monday, January 21, 2019

Genting Sing: Still heading towards targets, Reversal on track? Price 1.10


Just about 2 weeks back, we spotted Genting Sing approaching the critical 1.05 resistance where buyers were attempting to break it…


There were already some signs of upside reversal showing in the indicators too..


Specifically the crossovers of the short term 20 day and 100 day moving averages…


Hence some upside targets were drawn…




Over the past few days last week, we have indeed seen a breached of the 1.05 resistance…


May be testing 1.10 to push higher…watching… 😉


Seeing some profit taking near 1.10 for now but may be attempting to push higher…


Where targets as drawn previously may still be on track..


1.10 is also where the 200 day MA is where a move above can be a signal some upside reversal in the longer term… watching..





Wednesday, January 16, 2019

YZJ Shipbldg: A rebound caught, are we back to selling again? Price 1.31


Since Oct last year, we have seen YZJ Shipbldg supported well above 1.20 which has been holding really well..


Hence, a potential rebound opportunity came again about 2 weeks back when we approached this level


And some upside targets were drawn to catch a rebound with short term indicators still looking positive then..


See where we were then, and upside targets..




Over the past few days, we have traded higher towards target and hit,


Some selling coming back as we approached the 1.35 resistance…


Awaiting more bullish actions above 1.35 if the upside reversal is to continue further…

We may see a potential retracement with some consolidation from 1.25 to 1.35 for now before more direction…




Wednesday, January 9, 2019

AEM: Potential upside to continue above 0.90, Price 0.89


Over the past few days, we have seen some bullish actions in AEM with the markets rebounding..


It has finally broke above the 0.85 resistance that it has been trading below for about a month..


We actually had some bearish signals before the sell down in Dec but then the exit came few days back…


Some upside targets were drawn and upside still looks possible after 0.900… see what I mean





We may be attempting the move above temp resistance at 0.90…


Watching for more bullish actions above 0.900 which can see our target on tracked as drawn above..


We may start to see some profit taking again near 1.00 if that happens…


Let’s see..










Thursday, January 3, 2019

Venture: Downtrend still intact, pushing lower towards temp support... Price 13.56


After consolidating above 14.50 for more than 2 months, we have finally seen the break down 2 weeks back…


Sellers seems ready to take it lower and there were indeed some bearish price actions spotted..


Hence, some downside targets were drawn as seen below..




Over the past week, we have seen more selling towards our downside target near 13.50 but then some short covering seen as the market rebounded..


A slight rebound seen towards 14.50 and sellers came back.. and downside targets were reiterated…


Downtrend may still be intact below 14.50 now…


Seeing sellers pushing it lower towards 13.50 again where some temp support possible, but would want to be careful if that fails to hold too…


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