For the aggressive, can accumulate at the Dec low of 3.04.... In Dec 2010, it touched 3.04 before lifting off to above 3.25. Resistance for Olam is currently at 3.11 to see it go up further. Stop loss at 2.98
Monday, January 31, 2011
KEP CORP CHART - resistance has turned support at 11.70.....
Went to a high last week of $12.46 due to strong results before traders started taking profit.... Came down with overall market at current support level... Possible to accumulate on this dips below 11.80 level...
COSCO CORP CHART - channel support at 2.20 again..... buying on Dips???
Longer term uptrend still very much intact.... An opportunity to accumulate more on dips.... Support at 2.20 level !!
NOL CHART - just at channel support level .... Possible to accumulate on dips...
Support at 2.20 level.... Possible to accumulate on dips for any potential rebound... Shorter term and Longer term uptrend still intact as it is still above all 20, 50 and 100 DAY MA....
Friday, January 28, 2011
GALLANT VENTURE CHART - consolidating from 0.415 to 0.45 currently....
Support at 0.415 which is also the 20 DAY MA (Blue line)..Short term uptrend still intact.... if this support holds can consider accumulating at lower end of range for a potential break out above this consolidation phase... Resistance at 0.45 now... must cross and stay above to head higher to 0.500 level... Stop loss at 0.400.
STX OSV CHART - support at 1.20... Rebounded quickly above 1.20 level.... On breaks above 1.25, can see it close the gap to 1.33 fast...
Can consider accumulating some from 1.20 to 1.22 level to catch any potential rebound. Goldman Sachs has a target price of $1.54. (GS Asia Pacific Conviction buy list), Credit Suisse target price at 1.55 (Cheap play on the recovery in the Offshore and Marine sector)
YANGZIJIANG CHART - Support at 1.90.. Consolidating from 1.90 to 1.94.... Will be short term positive on breaks above 1.95... to head to 2.05 level..
Can consider accumulating some at this consolidation phase to catch any rebound above 1.95...
GENTING SP CHART - broke support at 2.05.... Channel support broken too at 2.06.... weakening more ??
Possible to head down to test 2.00 psychological support level. If this level does not hold, can head down to 1.96 and Nov low of 1.92 support. More upside to be seen only on strong close above 2.06 level.
QINGMEI GROUP CHART - trading range from 0.32 to 0.35... Accumulate at lower end of range...
Resistance at 0.35... Can consider getting some at lower end of range for a potential rebound above 0.35 !!
Thursday, January 27, 2011
GENTING CHART - hovering at channel support now, support at 2.05 to 2.06 level
More upside possible on breaks above 2.10.... Can see it recover back to 2.20 level fast on this break of 2.10.
OSIM CHART - RESISTANCE AT 1.73..... 4Q net profit doubles.... A catalyst to push above resistance.
Possible to head to 1.80 on breaks above 1.73, aggressive investors can buy on this Breakout !
Wednesday, January 26, 2011
KEP CORP CHART - BROKE out above 11.70..... more upside to be seen !!!
Target price to 12.00…. Strong 4Q net profit… surges 17% yoy !!!
SEMB MAR CHART - symmetrical triangle forming.... consolidating from 5.23 to 5.30
Consolidation phase currently from 5.23 to 5.30 tightly.... Accumulate for break out above consolidation phase...
STX OSV CHART - steep discount...
Support at 1.15.... possible to see it retrace back to 1.30 plus level if it breaks above 1.20... Aggressive investors can consider accumulating some from 1.15 to 1.18 to wait for a rebound...
UMS CHART - consolidating from 0.58 to 0.62.....
Can consider accumulating at lower end of range (0.58 to 0.585) for a potential rebound above 0.62.... Now at consolidation phase for the past 1 week, Resistance to clear is 0.62 to see it go to 0.65.
Tuesday, January 25, 2011
INDO AGRI CHART - Support at 2.60... Can bargain hunt from 2.60 to 2.65....
Target price at 2.90.... Can buy at the lower end of range from 2.60 to 2.65... potential rebound back to 2.90s level when commodities are in play again....
NOL CHART - bargain hunting ? ..... hovering at channel support....
Investors can consider accumulating at channel support level 2.20 for a longer term outlook and on the dips. Look at the upside potential from a long term perspective........ stop loss at 2.17 for those short term traders. Long term investors can hold for a rebound... Next support at 2.14 after 2.20… Be Nimble…
Monday, January 24, 2011
GENTING SP CHART - hovering above 20 day MA (Blue line).... Trading tange 2.15 to 2.25....
Can consider accumulating some from2.15 to 2.16 to trade this range of 2.15 to 2.25... near term resistance at 2.22 first before 2.25.... Support clearly at 2.15, stop loss on break below this 2.15 support. 2.13 stop loss.
securities of any issuer mentioned in this e-mail.
NOBLE GROUP CHART - bouncing off 2.20 support on reasonable volume...
Resistance to clear is 2.25.... more upside to come on this break. Possible to head back up to the 2.35s level...
Friday, January 21, 2011
FIRST RESOURCES CHART - hoping for a rebound ?
Support at 1.40.. Can consider accumulating some from 1.40 to 1.42 for a potential quick rebound back to 1.48 level .... Be very discipline about stopping loss at 1.38 !
KEP CORP CHART - trading range is from 11.34 to 11.64......
Can get at the lower end of the range from 11.34 to 11.40 and trade it to above 11.55 !!
Wednesday, January 19, 2011
SEMBCORP MARINE CHART - has crossed the 5.30 resistance today as seen from chart .... Now at 5.32
If stay above 5.30, will be short term positive, target price to 5.40 to 5.45 level. Stop loss at 5.23.
Monday, January 17, 2011
STX OSV CHART - has crossed 1.30 on high volume today, can consider accumulating some from 1.30 to 1.32 level. 1.30 remains support.
Target price to 1.35 in near term. Stop loss at 1.27.
PSL HLDG CHART - resistance at 0.25.... high volume today seen.... if close above this level will be short term positive....
Target price at 0.3.... look at the gap it can close if it stays above 0.25.... stop loss at 0.22.
Thursday, January 13, 2011
QINGMEI CHART - has broke resistance at 0.295 on high volume, short term trading buy !!
Now at 0.300, possible upside on this break. Can consider getting some at 0.300...
YANGZIJIANG CHART - its has broke above the resistance at 2.03 clearly on high volume and news on it winning more contracts....
Accumulate from 2.03 to 2.07 if possible.... more upside likely on this break..... stop loss at 2.01. Target price at 2.15 near term.
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