Friday, July 29, 2011
Thursday, July 28, 2011
DBS CHART - Broke above the 15.28 level and manage to stay above today even breaking above yesterday's high.
Possible to head higher to test the 15.74 high it created in 2010....
SATS CHART - Falling back to the 2.50 support level..... this support has held for more than a year now... Bargain hunting at the lows again for a rebound !!!
Possible to get some positions in from 2.50 to 2.54 level..... Put a strict stop at 2.47
TIGER AIRWAY CHART - Testing resistance at 1.25, if this level gets lifted, possible to head up to 1.32... Any positive news flow from the its Australian operations will be a catalyst for this break...
Would average up at 1.255 on this break and put a stop loss at 1.235….
Wednesday, July 27, 2011
GENTING SP CHART - Broke out from the 1.83 consolidation phase..... now at 1.87.... Possible to test 1.90 then finally 1.95.... Volume relatively strong compared to previous days which could signal interest again
Can consider accumulating some from 1.83 to 1.86 level for any rebound back up...... This counter has been lagging behind for the past few weeks.....
Tuesday, July 26, 2011
YANGZIJIANG CHART - Pulling away from 1.40 level, 1.39 was the resistance level as stated previously.... can consider entering from 1.40 to 1.42.....
Next resistance at 1.49... Stop loss at 1.38 clearly.
UOB CHART - Has clearly crossed above the 20.00 level.... More upside seem likely to test 21 which it did in April 2010 before tanking... NOW 20.34
Positive as it has crossed above yesterday high of 20.23 which signifies strength in buy ups.... Investors who already have positions can take profit a long the way up...
Monday, July 25, 2011
Friday, July 22, 2011
NOL CHART - Crossed above the 1.44 resistance level already... That was the support that it broke last week before tumbling down to below 1.40... Now at 1.46
Target at 1.56 in the short term before heading higher.... Stop loss at 1.42
YANGZIJIANG CHART - Has crossed above the 1.39 and 1.40 resistance level.... Must stay above 1.40 now, for it to head to 1.49 next resistance....
Aggressive traders can start to accumulate on this break, stop loss at 1.375.
Thursday, July 21, 2011
Wednesday, July 20, 2011
INDO AGRI CHART - Support clearly at 1.51, tested a total of 3 times and did not break.... Range remains from 1.51 to 1.65 as seen from chart....
Traders can accumulate at bottom of range possible from 1.51 to 1.54 to trade rebound to above 1.60.... Put a very clear stop loss at 1.485.
OLAM CHART - Pulling away from 2.50 support level..... Target to 2.80 in the short term.... Now at 2.57....
Broke above yesterday high of 2.54.... More upside likely !
Tuesday, July 19, 2011
COSCO CORP CHART - Crossed above yesterday high of 1.75, now at 1.77..... Possible to start the rebound phase to above 1.80 like it did in Mid of June....
Can enter from 1.75 to 1.77.... resistance is 1.80 then 1.84... stop loss at 1.73
GENTING SP CHART - 1.83 support still holding for now..... Traders could try to catch this bottom from 1.83 to 1.835 for any rebound above the 1.90 level....
Possible to test the 1.80 level if the 1.83 breaks.... Stop loss at 1.82
Monday, July 18, 2011
Friday, July 15, 2011
Thursday, July 14, 2011
KEP CORP CHART - Good to bargain hunt below the 10.60 mark....... Take profit above the 11.00 level. Stop loss at the 10.35 level
Any strength in the market will see blue chips like Kep Corp rebounding fast....
Wednesday, July 13, 2011
SEMB MAR CHART - Trading at the lower end of the range now.... Currently at 5.20....
Can lock in some positions from 5.16 to 5.20 and take profit above the 5.38 level.... Stop loss below 5.10.
GOLDEN AGRI CHART - Possible to accumulate from 0.67 to 0.68 level on the dips to catch any rebound back up to above 0.700....
Currently at 0.69 level.... Clear resistance at 0.715, tested it a total of 3 times already but failed to break above..
Tuesday, July 12, 2011
NOBLE GROUP CHART - Support at 1.90 did not hold today.... now at 1.89.... Likely to head lower to test 1.85.....
Note that the 1.83 to 1.85 level seems strong, tested a total of 3 times including recent mid June..... Traders who would like to bottom catch can queue for some at those levels, put a stop at 1.82.
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