Thursday, December 1, 2011

CITY DEV CHART - Support turned resistance broken at 10.10... NOW AT 10.14.....more upside if stay above this level.... might head to 10.40 or critical 11.00

Note that it has not cleared above the 11.00 level for about 6 months... might test this resistance again in near term on market strength...

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SAKARI CHART - Broken out of consolidation phase below the 1.97 level... currently at 1.99..... Watch the break of critical resistance at 2.00....

Will average up on this break of 2.00..... target to 2.10, recent high was above 2.50 in Oct..... put a stop at 1.935 nevertheless...
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COSCO CORP CHART - Broke above 0.900 resistance level, now at 0.91.... Short term target to 1.00.....

Put a stop at 0.885....


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STX OSV CHART - Cleared resistance at 1.20...... uppside to 1.30.... now at 1.25.....


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OLAM CHART - Broke above consolidation phase at 2.35, now at 2.38....short term upside possible ....

From the chart, you can see that the recent high is above 2.60.... put a stop at 2.32


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Friday, November 25, 2011

UOB CHART - Broke the 14.80 critically..... if does not stay above... highly likely to head lower in short term......now at 14.77.....


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SEMB MAR CHART - Held above the 3.70 level for more than a month..... currently has broken this support, now at 3.67... next support at 3.60.... can head lower if 3.60 does not hold too

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GENTING SP CHART - Broke support at 1.485.... now at 1.47... possible to head to test 1.45 then 1.42.....

Oct low last month was 1.42....

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YANLORD CHART - Broke support at 1.07.... currently at 1.05 clearing... more downside likely to test 1.00 critically....

If 1.00 does not hold, can go to 0.96 which is the low in Oct last month....

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COSCO CORP CHART - Broke Oct low of 0.855, now at 0.83... More short term downside likely... Possible to test psychological support at 0.800...

If 0.800 breaks, very possible to find new low.... before technical rebound...


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YANGZIJIANG CHART - Broke support at 0.88, has stayed above this level for more than a month... possible to head lower in short term to test 0.80..

Low in Oct was about 0.77.....

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ASCENDAS REIT CHART - Back to support at 1.95 level.... Possible to accumulate around here for any upside rebound to 2.05..... Investors who are looking at long term can also get some for its strong dividend yield... ((tag: Ascendasreit)


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