**** Trading Buy: Ying Li. Share price 0.475.

Ying Li has closed above the 0.47 resistance yesterday which it has consolidated below since 4^th Mar 2013 for about 3 weeks. It has also pierced above the 20 DAY MA (Green line) yesterday on the breakout. Currently day high today is 0.48. Resistance has now turned support at 0.47. As long as 0.47 remains as the new support level, short term upside to 0.500 is possible. A break above 0.500 psychological resistance can pave the way to the 0.54 region which was the high in Feb last month. A stronger volume on the rise will be more positive  for short term traders.

Stop loss at 0.455. 

 

Monitor Closely: Genting SP. Share price 1.505.

After breaking above the 1.47 temporary resistance level at 1.47 yesterday, Genting has surged quickly to test 1.50. Currently has broken this psychological resistance and more upside can be seen to 1.55 if it manages to stay above 1.50. Short term target to 1.55 first. A break above 1.55 can see it go to 1.50 to 1.60 fast. At this 1.505 level, you can see that it has just crossed above the 20 DAY MA (Green Line) which can signal that short term uptrend is in placed.

Stop loss at 1.485.

 

 

Tading Buy: Midas. Share price 0.535.

Midas has broken above the 0.53 resistance, now at 0.535. Has been consolidating below for more than a month. Tested a total of 4 times and finally crossed above today. Short term target to 0.58 possible.

As long as 0.53 remains as the new support, we are bullish. A break above 0.58 can pave the way to test 0.600 quickly.

Stop loss at 0.52.

 

 

Trading Buy: Ezra. Share price 1.15.

Ezra has shown some signs of rebounding after clearing the 1.14 critical resistance level it has consolidated below for about a month. Near term target price at 1.185 to 1.20 possible. As long as 1.14 remains as the new support, more upside entails. A break above psychological 1.20 level can see it go to 1.24 fast. It has crossed above 20 DAY MA three days back which can signify near term upside potential. Note that recent high in Jan was about 1.35 level.

Stop loss at 1.125

 

**** Monitor Closely: NOL. Share price 1.200.

NOL is currently testing the critical 1.200 psychological resistance level at 1.20 which it has stayed below for about 1 month. Day high is 1.205 currently. Still not a convincing breakout at this level. A trading buy if the 1.205 to 1.215 level get taken up fast. IF that happen, a new support level at 1.20 can be found and we are bullish as long as 1.20 remains as support. Note that 2 days back, it has crossed above the 20 DAY MA (Green line), which also possibly signifies a short term uptrend is in place. Target price from 1.25 to 1.28 level.

Stop loss at 1.18

 

Short term Trading Buy: WE Hldg. Share price 0.078. ONLY for the strong Hearted and Discipline short term traders. High Risk High Gain.

WE Hldg has broken the 0.075 temporary resistance and buyers started eating up the sellers quickly. Recent high was more than 0.15 in End Feb 2013.  Possible to head quickly to test the 0.09 level. A break above 0.09 can lead it to 0.100 quickly. Look at the gap it can close to 0.12 level. TOP volume seen currently. Very Speculative place, so please be careful and take profits when necessary.

Stop loss at 0.073

 

Monitor closely: Tiger Airways. Share price 0.705.

Tiger Airways has been trading below the 0.700 resistance for about 2 weeks since 5 March 2013. Was consolidating from 0.68 to 0.70 for the past 2 weeks (Just a small 2 cents range). Price now at 0.705. Has crossed above the immediate and psychological resistance at 0.700. Volume needs to be stronger and must stay above 0.700 for more upside momentum. As long as 0.700 remains as the new support level, short term upside to 0.73/ 0.74 region seems likely. Note that at this 0.705 price level, it has crossed above the 20 DAY MA, which is also a short term bullish signal. Recent high in Jan 13 was 0.785 fyi.

Stop loss at 0.69.

 

STI DIRECTION ? Let's have a look......

Following up from previous analysis made on 13 March. Sti has since came down to a low of 3248 and rebounded slightly. Sti now at 3263.

STI range is clearly from 3240 to 3320 for about 2 months already till today. STI index has tried testing the 3320 critical resistance level again but failed to break above it. Sti is currently down 4 points, 10.23am – 22 Mar 2013.

STI will most likely continue to trade in this 80 points range until we see a strong positive catalyst from US, China and Europe to break above the key resistance level.  

Possible to consider accumulating some blue chips on the dip when the STI near the 3240 immediate support level. Trade the range and take profit when Sti nears the resistance level at 3320.

  

****** Short Term Trading Buy : Olam. Share price 1.735

Critical resistance at 1.72 has been tested and broken today. Has traded below this 1.72 resistance level since November last year and has since formed a Ascending triangle pattern formation which is one of the most Bullish signals. Resistance will now turn to support at 1.72. As long as 1.72 remains as the new support, potential upside to target 1.80 and 1.84 is possible. We are bullish above 1.72. A break above 1.80 can see it test 1.84 quickly.

Stop loss at 1.695

 

 

**** Potential Trade Set-up: Thai Beverage (THBEV). Share price 0.61.

Following up from previous trading call made on 8 March 2013, Thai Beverage has since broken above the 0.600 psychological resistance level and been trading above this level ever since for more than a week. Resistance at 0.600 has turned a critical support which it is hovering above currently. Currently seen in TOP 5 volume. News: “Please note that healthcare service provider IHH Healthcare Berhad (IHH) have been replaced by Thai Beverage (ThaiBev) as a constituent stock of the STI following the conclusion of the half-yearly review. This was effective from yesterday 18 Mar 2013”. Still might see fund managers adjusting their portfolio to hold more THBEV to track the STI index. More of a longer term trade to ride the gains on any break above 0.635 to 0.65 now. Near term target price at 0.700 if the 0.64 level clears out. As long as 0.600 remains as a critical support level and holds well, we are bullish with mid to long term upside bias. Possible to accumulate near support levels from 0.600 to 0.615.

For short term traders, a stop loss at 0.585 nevertheless.

  

Short term CFD Short (Sell) Trade: Golden Agri. Share price 0.58.

Golden Agri has been trading above the 0.59 since Oct 2011 till last Friday. It has tested and closed below the 0.600 psychological support last Friday. 0.59 support has broken today too. Currently at 0.58. Short term downside to test 0.55 support possible on weak market. As long as 0.600 remains as a resistance, we remain bearish. If the 0.55 support does not hold as well, can see it dip further to 0.500 critically. Note: CFD to short and not for intraday naked short sales on cash market.

Put a Buy stop at 0.61 nevertheless.

 

 

 

Short Term Trading Buy: United EnviroTech. Share Price 0.695.

Has been below the 0.69 temporary resistance level for about 2 weeks. Currently buyers are eating 0.695. A break above 0.700 will signal a clear lift off resistance. As long as 0.700 remains as the new support, potential upside to 0.75 and 0.77 recent high seems possible. Traders looking for a breakout of 0.700 can consider locking in some positions at these levels.

Stop loss at 0.65.

 

Short term CFD Short (Sell) Trade: Genting SP. Share price 1.49.

Genting SP has broke the 1.50 critical support which it has stayed above for about 1 and a half month since 31^st Jan 2013. Tested twice during this period and broke down support at 1.50 today. Next immediate support at 1.43 to 1.45 level.  CFD to short, please do not sell short using normal cash market. Resistance at 1.50. As long as 1.50 remains as the resistance, we are bearish with a take profit buy back price at 1.45 and below.

Buy Stop loss at 1.51.

 

 

STI Direction ??? Where is the Singapore Market heading ?

STI range is clearly from 3240 to 3320 for about 1 and a half month already till today. For yesterday, STI index has tried testing the 3320 critical resistance level again but failed to break above it. From a TA perspective, a shooting star pattern seen in the candlestick bar yesterday could signify a reversal which we are currently seeing now. Sti is currently down 22 points, 11.54am – 13 Mar 2013.

STI will most likely continue to trade in this 80 points range until we see a strong positive catalyst from US, China and Europe to break above the key resistance level.  

Possible to consider accumulating some blue chips on the dip when the STI near the 3240 immediate support level.

 

Potential Trade setup: Thai Beverage (THBEV). Share price 0.575.

Has been trading in the range of 0.545 to 0.600 since 14 Feb 2013 till now. Immediate resistance clearly at 0.600 for now, also a psychological resistance to take note. 0.545 remains as near term support which was previously a resistance turned support. A break above 0.600 can see it find a new high to 0.64 to 0.70 region.  News: “Please note that healthcare service provider IHH Healthcare Berhad (IHH) will be replaced by Thai Beverage (ThaiBev) as a constituent stock of the STI following the conclusion of the half-yearly review. This would be effective from 18 Mar 2013”. Might see fund managers adjusting their portfolio to hold more THBEV to track the STI index. More of a longer term trade to ride the gains on any break above 0.600.

Stop loss 0.585 nevertheless.

 

 

Short Term Trading Buy: Rowsley. Share price 0.49. (A property play on Iskandar Malaysia)

Consolidating for more than a week for from 0.400 to 0.48. Broke out seen today above the immediate resistance at 0.48. Now at 0.49. A break above the 0.500 psychological resistance can see it find a new high before consolidating, perhaps from 0.54 to 0.600. Top 10 volume seen currently. Announced On 4^th Feb 2013 -  “”Rowsley Ltd has signed sale and purchase agreements to acquire RSP Architects Planners & Engineers and a 9.23-hectare plot of land in Iskandar Malaysia for S$545m in total, in an all-share deal as part of a reverse takeover intended to transform Rowsley into a property player.””

Stop loss at 0.465.

Monitor Closely: Sky One. Share price 0.375

Monitor closely Skyone. Currently testing 0.38 resistance level which it has been below for about 2 weeks. Today’s high is 0.38. Recent high was 0.47 on the 13^TH Feb 2013 which has since sold down and consolidating currently. A break above 0.38 can see it test 0.400 in the near term. Near term support currently at 0.36 which it has stayed above for about 2 weeks already. Can consider a potential trade setup on the breakout of 0.38 and 0.400 psychological resistance level. Top 30 volume seen currently.

Stop loss at 0.355.