Look at how sharply it has come down the previous week... Rebounding back to 2.88 level possible is stay above 2.72....
Monday, February 28, 2011
Friday, February 25, 2011
DBS CHART - trading range is from 14.12 to 14.38... traders can trade this range tightly...
Possible to accumulate at the lower end of range probable below 14.20..... Average up on breaks above 14.40.... Stop loss below break down of support level at 14.12 as can see it go down to 13.84 next support...
Thursday, February 24, 2011
OLAM CHART - Hammer candlestick pattern spotted yesterday, broke away from yesterday high of 2.61...
Possible to rebound back to above 2.80 level on clarification made by Company. Strong volume seen today on rebound....
Olam (O32.SG) rises 3.1% to S$2.64, recovering some of it's 13% fall this week, with analysts largely debunking concerns sparked by a recent CLSA report talking about Olam's dependency on Nigeria export incentives and perceived accounting discrepancies. RBS says the concerns are "misplaced," and reiterates its Buy call with S$4.05 target. IIFL says "this may well be Nigerian scam at its finest: a disgruntled rival trader spun a tale; a brokerage took the bait and speculated that Olam's business is built on Nigerian export incentives." It adds, Olam's operations are robust and its gearing is within the comfort zone; "we recommend Buy, especially now that it is trading at a cheap 17X forward P/E." Morgan Stanley, which has an Overweight rating says "the issue of export incentives is not significant...and we are not concerned about the impact of a change in incentive structures on Olam's profitability." Credit Suisse, which has a Outperform call and S$4.20 target, says the sharp pullback means Olam shares are now at "an attractive entry point."
Wednesday, February 23, 2011
GENTING SP CHART - Volatile price action on release of 4Q results....
Support at 1.98 was broken today when Genting SP opened at 1.93. Range possible from 1.85 to 1.98.... Psychological support at 1.90 which is broke today on high volume but recovered.... next support at 1,85 which is the low in Sept 2010. Traders have to be nimble while trading this range... Stop loss on breaks below 1.85.
UOB CHART - support at 18.14 to 18.16....
Cut loss on break below this support level as can head to 17.80 next support level... Good to accumulate on dips though for long term investors... Can see that it has come down from a recent high of 19.80....
COSCO CORP CHART - Support remains at 1.98.... if break this support, cut loss at 1.96.... otherwise, those looking for a rebound of support can accumulate.
Results: Net profit more than double.... A good long term play as company is still fundamentally sound.
OCBC CHART - support currently at 9.20 level....
Long term investors can consider accumulating at levels below 9.30... Market is still volatile so have to be nimble...
Monday, February 21, 2011
UOB CHART - trading range from 18.60 to 18.98 !!!! Now AT 18.62..... Traders can trade this range tightly....
Possible to accumulate at the lower end of range. probably below 18.70 for a rebound to top side of range....
Friday, February 18, 2011
NOL CHART - clear resistance at 2.21..... tested 3 times including today !!!!
Can consider getting some from 2.16 to 2.21 level to wait for this break... A play in the recovery of the shipping sector...
NOBLE GROUP CHART - Inching up slowly while consolidating..... must crossed 2.20 for more upside...
Can possibly accumulate some in this range for a break of 2.20....
COSCO CORP CHART - resistance at 2.17, tested it a total of 3 times including today, can cosider accumulating some from 2.10 to 2.15.....
If it clears 2.17, possible to see it retrace back up to 2.28 level.....
Thursday, February 17, 2011
OCBC CHART - Consolidating for the past week from 9.38 support level to 9.60
Can consider getting some at the lower end of this range... Accumulate probably below 9.50 level..... Will be positive on break above 9.63 on high volume.. can head to 9.80 in near term if it clears this resistance.
GENTING SP CHART - trading range from 2.00 to 2.06... tested 2.06 resistance 3 times but failed to clear.
Traders can trade this tight range in hope of this break of resistance at 2.06, if clear and stay above possible to head to 2.10 psychological resistance... Results will be announced on 22 Feb 20111 (Next Tuesday). Good luck !
Wednesday, February 16, 2011
SGX CHART - Supported at 8.20 currently....
Those awaiting positive announcements regarding Merger with ASX can consider locking in some positions below 8.28 level... Stop loss at 8.16
Monday, February 14, 2011
GENTING SP CHART - still hovering above channel support as seen in chart !!! Psychological support remains strong at 2.00...
Must cross above 2.10 for more upside.... Volatile counter where traders can consider accumulating at near support levels and trade the rebound…
KEP CORP CHART - rebounding back up after last week sell off ???
One of the blue chips to consider accumulating at a Bargain after last week sell off.... It went to a high of 12.46 before Egypt crisis.... Citi target price at $12.80
SIA CHART - has cleared resistance formed over last 2 days at 14.30... Now at 14.44 !
Possible quick rebound..... Steep discount from last week levels....
OSIM CHART - at channel support.... buy for a rebound back up to 1.68 ??
Can consider some positions from 1.58 to 1.61... Along upward sloping line support….
Friday, February 11, 2011
STRAITS ASIA CHART - Support at 2.53 currently... must crossed above 2.60 to recover back up....
One of those counters that got hit down, Bargain hunters looking to accumulate on dip can consider some below 2.60.... you can see from the chart that it is just along the upward sloping support line…. Which has been tested many times and holding well…
Thursday, February 10, 2011
SUNVIC CHART - still staying above 0.76..... support remains at this level.... now consolidating....
Can consider accumulating from 0.76 to 0.77..... More upside possible....
Wednesday, February 9, 2011
GENTING SP CHART - support clearly at 2.04 currently.... resistance to clear is 2.10 then 2.15....
Trading range rather tight from 2.04 to 2.10.... Traders can trade the range. Investors can consider accumulating at the lower end of the range (from 2.04 to 2.06) for potential rebound the week before results will be announce. Results to be announced on 21 Feb 2011 tentatively.
STRAITS ASIA CHART - Softened and touched support at 2.56 again.... now at 2.57 !
Strong channel support seen from the upward sloping line in the chart !!!! Discount price at the level... Can accumulate some for a potential rebound when market recovers
NOL CHART - softened to channel support line again on overall market weakness... good time to accumulate again...
Possible to get some below the 2.24 level to wait for a rebound back to 2.30 resistance, must cross 2.30 to head higher.
SINO GRANDNESS CHART - still hovering above 0.565 resistance turned support level.....
Can consider accumulating from 0.565 to 0.58 if possible
Tuesday, February 8, 2011
QINGMEI CHART - has broken above the CLEAR resistance AT 0.35, NOW AT 0.355.... MORE UPSIDE LIKELY !!! Top 5 volume at current moment !
Aggressive traders can have some long positions at 0.355 to trade to 0.37 to 0.38.
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