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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Friday, December 28, 2018

Keppel Corp: Downtrend may still be intact despite rebound, price 5.91


Just last week, we have seen Keppel Corp breaking the key 6.00 support on some bearish price actions and more selling happened..


Hence some downside targets were drawn towards 5.60 as seen..


Trend is still down for now where buyers could not hold on longer..



Over the past few days, we have indeed seen the sell down towards our target at 5.60..


And then some short covering happened as the US markets reboudned…


We are seeing a rebound from the 5.60 level and heading towards 6.00 where sellers can be ready to take it lower again..


With technical indicators still looking weak, downtrend may still be in place below 6.00… with target revised again as per below.


Oil prices still facing pressure at US$50 which is putting downwards pressure on oil and gas stocks still…





Monday, December 24, 2018

Singtel: More selling with 3.00 breaking down.. Price 2.92


Just last week, we have seen the 3.00 psychological support for Singtel break down..


That level has been holding for more than 6 months but seems like buyers were not able to hold any longer..


Hence some downside targets were drawn on some bearish price actions spotted.




The selling continued over the past few days and we are now back to the 2.90 support where some short covering seen…

Normal given the sell down..

Downside targets may still be on tracked..

Downtrend has been in placed since the beginning of the year and no signs of reversal as of now…







Tuesday, December 18, 2018

UMS: Selling down to target... More weakness? Price 0.555




Seems like more selling has returned for this counter…


After the previous post, it has actually staged a rebound towards the 0.64 resistance where some selling were expected again..


Some downside targets were reiterated then as seen below with the downtrend continuing…


Sellers were just here to take it lower on any slight rebound we have spotted…




Today, we have already hit our target at 0.55 where some short covering is seen…


But downtrend still remains intact below 0.60 now imo and..


More weakness not ruled out on more bearish price actions if 0.55 breaks too..


To 0.50 probably?


Well, it was also mentioned that we had a Bearish signal on system on the previous post…


The exit came BUT A new one came out again recently…


Still no exits…  See below for targets reiterated last week…


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Friday, December 14, 2018

Singpost: Selling to new low after minor consolidation... Price 0.915. Cautious! System?




We have seen some consolidation from 0.95 to 1.00 over the past 3 weeks but it seems that buyers were unable to hold out longer over the past few days…


Some firm selling pressure seen with 0.95 breaking down on Tuesday…


Downtrend still looks intact for now though some short covering expected along the way down…





Targets have been reiterated again recently and we are mid way and may still play out… let’s see…


Yes, the thing is we had some bearish signals on our system too, before the heavy selling started…


There are still no exits for now… PTI grads can check…


Would not want to be holding on long positions for now..


Can still think about riding the downside while protecting profits…


Not sure how?


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Tuesday, December 11, 2018

SIA Engineering: Nearing downside target, worst may not be over! Price 2.41




We have seen some consolidation in SIA Engineering around the 2.50 level…


Some short covering seen after the heavy sell down but buyers were just not able to push it back up firmly…


See the targets that were revealed then again below…


Towards the 2.40 level before it plays out…




Over the past few day, we have witnessed more weakness when the market sold off we are indeed down to the target seen…


Some support seen at 2.40 for now where buyers are doing some short covering…


But DOWNSIDE target can be revised lower on more bearish price action…


In previous post, it was also mentioned that the system had some bearish signals….cautious…


So the question is, is it still there??


Yes, there are still no exitsshhhhhh


that’s all I can say….


PTI grads can check it out and will know why…!


See below what has played out so far when first covered last month…


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Friday, December 7, 2018

STI: Selling down back from key level, 3129 now. Worst may not be over!


Just last week, we spotted a move above the 3100 level which can signal some short term upside..


Hence some targets drawn towards 3200 as seen below where we expected selling pressure to return again..


At the beginning of the week, we have indeed seen the market rallied upwards on news on a truce between China and the US on trade war..


Has neared our upside short term target but…




It seems like sellers are back.. with Dow Jones selling down by more than 800 points over the past 2 sessions…


STI is back to the key 3100 again..


Hopefully that holds, if not, the downtrend can continue further towards the level we have seen last month, let’s see…


Last night, Dow Jones sold off my more than 875 points before paring down its losses on the back of a report of less aggressive interest rate hikes next year….


So some short covering expected today on Asia markets..


See where we are below now…


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Tuesday, December 4, 2018

China Sunsine: Next target on tracked? Price 1.34


Just about 2 weeks back, we spotted some bullish actions with China Sunsine pushing above the 1.16 level…


Some short term upside was expected as seen when it also crossed above the psychological 1.20..


Which was also above the 100 day MA line which can be a sign of upside reversal taking shape…


Some targets were drawn towards 1.25 then about 1.45 as seen below…




Over the past 1 week, we have seen some profit taking near the 1.35 level…


Which is halfway towards our 2nd target..


Seems like buyers are still trying to defend the 1.30 support for now with buy ups seen on any dips…


Target as drawn previously may be on track….


We actually had a 1ET Bullish entry signal on the System, still no exits…


Watching for now… would want to take some profits along the way too..


See targets that were reiterated again last week below…


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Thursday, November 29, 2018

AEM: Finally target hit.... More upside from here? Price 1.00




We have actually seen some profit taking near 1.00 with AEM trading lower back to support..


Has been holding above the 0.88 support over the past 2 weeks and seems like buyers were back to defend again..


Some upside targets were drawn last week and a potential rebound possible again..


Therefore, targets were reiterated again towards 1.00 as seen…




Over the past few days, we have indeed seen the move happened towards the 1.00 critical level..


Target hit for now…


Seeing some profit taking returning near 1.00 for now but awaiting more bullish price actions above 1.00 where upside target can be revised higher…


May be back to some consolidation below 1.00 before we seen an attempt to break it firmly again..


Watching…


We actually had a Bullish entry signal on the system RECENTLY….


Still NO EXITS as of now….


Let’s see where we are below……


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Monday, November 26, 2018

Best World: Some heavy profit taking last week, but buyers coming back again? Price 2.24. System?




We have actually seen Best World trading higher towards our 2nd target near 2.40 last week..


Hitting a high at 2.37 last Tuesday before some heavy profit taking came back…


Sellers sold off but buyers returned near the 1.90 – 2.00 level..






Managed to clear above our first target as mentioned and buyers still not giving up…


Seems like we are seeing strength above 2.20 again where it might attempt to test 2.40 again..


What a run seen, targets neared and hit, but would be good to take concrete steps to protect profits or perhaps take some money off the table. ;)


System still looking awesome ;)


See what I mean…. No exits for now on the recent 1GT bullish signal…..


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Thursday, November 22, 2018

UMS: May Still Play Out Towards Target.... Cautious. Price 0.595


Just last week, we spotted some bearish price actions with UMS breaking the 0.64 support level..


Has been holding for more than a month above with some signs of the downtrend continuing but…


More importantly, it seems like the buyers just couldn’t hold on any longer..


We also had a bearish signal on the system….


Therefore some downside targets predicted… towards 0.55 where some short covering could return..


See what I mean…





Over the past few day, we have seen the psychological  0.600 support gave way too…


Sellers may still be in control below this level..


Cautious, downtrend intact….


Still no exits on the system….


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Monday, November 19, 2018

SIA Engineering: Target hit! May be breaking down lower again... cautious. Price 2.57


Over the past week, we have seen some bearish actions with SIA Engineering breaking the 2.80 support that has been holding for more than a month..


Sellers started to come back and some downside targets were drawn…


We have indeed seen more selling and target has been hit but seems like sellers are not letting go..




Targets has been revised lower with 2.60 breaking too with downtrend intact for now.….


See what we saw over the past few days again as the downside continued to play out…


On the PTI System, we actually had some Bearish signals


Just before the selling started…


Still no exits as of now…


More for shorts… cautious if holding long…


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Thursday, November 15, 2018

Singpost: Downtrend Still Intact For Now... Are You Alerted? Price 0.97


Over the past 2 months we have seen weakness in Singpost with it pushing lower after each minor consolidation…


Downtrend was still firmly intact and just 2 weeks back we were expecting more selling to come back with some bearish price actions spotted.


Hence some downside targets drawn as seen below…




Some short covering expected after each heavy selling and a rebound seen..


But sellers were pretty much still in control below the 1.05 resistance last week and downside target reiterated…


Was expecting the support at 1.00 to give way eventually where more selling can continue..





Seems like we are indeed seeing the 1.00 breakdown over the past few days..


See what is happening below right now..


Downside targets towards 0.900 may still be on the cards.


With 1.00 as the cap for now, downtrend still intact with trend indicators also pointing lower…


Cautious long positions…


Would not want to be holding all the way down but think about riding the downside as it plays out..


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Monday, November 12, 2018

AEM: A Reversal in Sight Finally? Price 0.935


Just last week, we spotted some bullish price actions in AEM as it attempted to push higher after a 3 months consolidation..


Was approaching this key 0.86 resistance level and we were expecting buyers to try to push through.


After some tug of war…. Buyers succeeded


See target that were drawn then… to the upside…




Then over the next few days…


More strength came back… with buyers clearing above the 0.900 psychological level as well…


Has hit a high of 0.98 last Thursday near our target…


And then profit taking begun, which is normal given the spike of more than 12% we have seen over 4 days when first spotted.


See below the rally as it happened…




For now, we are starting to seeing some consolidation coming back above 0.900 with some signs of the shorter term trend changing potentially..


With that 0.900 as a new support now, we can trade towards 1.00 where more selling can happen…


We had a bullish entry signal recently too fyi and still no exits……


Awaiting more bullish actions above 1.00 where the upside may continue and where targets can be revised higher..


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