More upside if stay above 0.35..... Volume increasing slowly....
Wednesday, August 31, 2011
COSCO CORP CHART - Resistance at 1.10 critically.... likely to test the CRITICAL 1.10 LEVEL....
traders expecting this to break can consider some at this levels.... We will average up on this break of 1.10......
Monday, August 29, 2011
NOL CHART - Has broke above the CRITICAL 1.10.... now at 1.12 already... more upside in the short term.....
Possible to head to 1.18 to 1.20 level, must stay above 1.10 support now. put a stop at 1.07
SHENG SIONG CHART - Volume remains strong, momemtum still going strong currently..... Rising on TOP volume.....
Has crossed the psychological resistance level at 0.500...... now at 0.525..... More upside likely in the short term buyers starts to enter on any dips currently..... target at 0.55 first
GENTING SP CHART - Crossed above 1.55 resistance level currently.... to clear 1.60 strongly....
Traders expecting it to cross this level can consider entering around here. Support at 1.55 now... will average up on 1.60 break..... put a stop at 1.535
WILMAR CHART - Broke above the 5.20 resistance level which it tested 4 times in total.... Now at 5.23... If stay above 5.20, can head to 5.34....
Resistance has now turned support at 5.20.... More short term upside possible... Will average up on breaks above 5.34... put a stop at 5.17.
Friday, August 26, 2011
WILMAR CHART - Possible to accumulate beloe 5.05 level... support remains at 5.00.....
Traders can consider to trade this.... range is 20 cents from 5.00 to 5.20... resistance to clear is 5.20..... then 5.34 ,put a stop at 4.92
Thursday, August 25, 2011
WILMAR CHART - Holding above the 5.00 support level..... Traders can consider entering near support to trade a rebound.
Now at 5.05, nearing support slowly.... Resistance at 5.35 then 5.50... put a stop at 4.92
SEMB CORP CHART - Support currently at 3.90, rebounding slightly from this support level...... Possible to accumulate near support to catch rebound....
Note that it tested this 3.90 support in early August and rebounded to above 4.40 before falling again... Put a clear stop at 3.86
GENTING SP CHART - Range is currently from 1.45 to 1.55....Now at 1.52 with 1.50 as immediate support........
Can only head higher if it breaks above the 1.55 level and stays above it..... Any weak market can see it trade down to test support level again.....
SHENG SIONG CHART - 0.45 is a clear resistance which it has formed yesterday and testing it again right now...... now at 0.445
If BUYERS lift the 0.45 level out, possible to head higher in the short term to test the 0.50......... Volume is the Highest AGAIN today.... Recession proof business????
Wednesday, August 24, 2011
SHENG SIONG CHART - Volume has been consistently strong since its debut 5 days ago....... Broke above the 0.365 level yesterday and continue to head higher....
Currently at 0.405 , possible to head higher on this crossing of 0.400 psychological level....... Top volume seen today again ! put a stop at 0.385
NOBLE GROUP CHART -Broke above the 1.40 resistance level.... baring any bad news from general market, posisble to head higher to test the 1.46 level.....
1.40 is now support level, if stay above will be positive in short term....
UOB CHART - Blue chip to consider bargain hunting for any rebound..... still above the 18.00 support level...
Recent high was above $20..... Final support level is 17.80 which has held for almost 2 years, most likely will hold.... put a stop at 17.74
Monday, August 22, 2011
NOBLE GROUP CHART - Support broken at 1.36.... next support at 1.30 which it tested in the morning..... Currently at 1.32....
IF 1.30 SELLS out, likely to head lower.......
GENTING SP CHART - Support at 1.50 did not hold.... now at 1.49... Looks very dangerous.....
If buyers at 1.485 or 1.48 taken out, possible to head lower to find new support.... Currently it looks precarious.......
Friday, August 19, 2011
GENTING SP CHART - from earlier chart sent, genting sp will most likely test the 1.50 support level.....
There might be a technical rebound from the 1.50 level due probably to short covering...... IF this 1.50 does not hold, it can go way way down.... possible to test 1.32 eventually.
Thursday, August 18, 2011
COSCO CORP CHART - BROKE the 1.10 critical support level today..... next to test 1.05... it this does not hold can go to 1.00...
Might see a technical rebound from 1.00 level... Traders can try to catch this few cents rebound by accumulating from 1.00 to 1.02... put a clear stop at 0.99... IF the 1.00, breaks, it can go way way down.... please follow the stop loss.
Tuesday, August 16, 2011
EZRA CHART - Broke above 1.00...now at 1.01... if stay above possible to head to test 1.10 in short term....take profit above 1.06..... Strong volume on order win
Mainly a short term play, put a cleat stop at 0.985
Ezra (5DN.SG) will be in focus after the company said its EMAS AMC offshore construction division was awarded a contract by Chevron Thailand. The project will see EMAS AMC installing a number of wellhead platforms and associated pipelines in the Gulf of Thailand and is expected to commence early 2012 for a three-year firm period with an option for two more years. "Including the options, this project is estimated to increase the order book for EMAS AMC to over US$600 million from more than US$300 million as at July 14 2011.
NOBLE CHART - Hovering from 1.50 to 1.55 for the past few days.... Must cross above 1.55 to test next 1.60 critical resistance....
Longer term investors can consider accumulating around here to participate in any rebound.. Would average up on break of 1.60... put a stop at 1.485
KEP CORP CHART - Has broken above the resistance level at 9.50, now at 9.52... more upside likely in the near term if can stay above this level...
Target possible to 10.00 if market conditions are favourable..... put a stop at 9.44.
Monday, August 15, 2011
KEP CORP CHART - Currently at 9.29, likely to head to 9.50 level to test resistance..... if cross this level will be highly positive... to touch 10.00...
Long to mid term investors can consider accumulating around these level if you do not want to be left out on any rebound,,,,, Put a stop at 8.96
STX OSV CHART - Has broke above 1.30, now at 1.32..... Possible to accumulate fom 1.30 to 1.32 level.....
Next resistance at 1.35 to clear....... results strong, recent high at 1.58… DBSV: 2Q11 results for STX OSV were above expectations on strong
margins; sustainable through 2H. We expect order wins to feature strongly in 2H, which could be re-rating drivers. FY11F earnings were raised by 17% on positive forward guidance by management. Maintain BUY, TP S$1.90 (Prev S$ 1.86). We continue to like the stock for its market leading position and relatively large market share for large AHTS and PSVs, and strong track record.
SEMB MAR CHART - Broke above last week high of 4.36 would be a positive... could signal a rebound back up slowly....
4.50 would be a critical resistance to clear... if it crosses this level and stay above, more upside to come... Longer term investors can enter around this level to participate in any rebound..
Friday, August 12, 2011
WILMAR CHART - Rebounding on strong results...... resistance at 5.20 crossed.... this remains as support
Will still be positive is stay above 5.20 support now... note that recent high was above 5.80, quite a steal at this levels
KEP CORP CHART - Broke above yesterday high of 9.00 which is also a strong psychological level....Good to rally up again if stays above 9.00
Support at 9.00 currently, can accumulate at this levels form 9.00 to 9.06, next resistance at 9.50...... put a stop at 8.96
DBS CHART - Still a bargain below 14.00....
For almost 2 years trading sideways, now at the lower end of this range... For longer term investors, good to consider going in at this levels
GENTING SP CHART - Back to above 1.70 resistance, can signal strong buy up to 1.75 level.....
Broke above yesterday high of 1.70..... Will be good to go again if manages to stay above 1.70... now at 1.71
Thursday, August 11, 2011
UOB CHART - Support at 17.80 holding still..... this support has been holding for almost 2 years already....
Bargain hunters can accumulate above 17.80 onward and below18 if possible..... to participate in any rebound in the overall market.... will out a stop at 17.74 strictly.
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