******** Monitor Closely For Breakout: Nam Cheong. Share price 0.28. ( Mainly a BUY play if the breakout of 0.300 does occur , who knows when ?)

Nam Cheong has been consolidating from 0.24 to 0.300 since the start of this year on Jan 2013 which will be about 9 months already.  It has also been trading above its Channel support line (Upward sloping line) which shows that the general uptrend is still in placed so far. Note that since April 2012, it has also been consistently trading above the 200 DAY MA (Dotted blue line) which can also signal that the uptrend in the longer term is still very much intact. Critical resistance is seen crucially at 0.300 currently where there are huge Sellers stacks. After 0.300, sellers are min. It may continue to consolidate for no idea how long below the 0.300, so this is mainly a Buy on Breakout play if the 0.300 critically clears out. A break above 0.300 can result in a NEW UP PHASE again and target would be 0.34 to 0.36 in the near term. Can consider averaging up on the breakout from 0.305 to 0.31.

Stop loss at 0.28 for Long Positions on breakout.

 

 

 

UOBKH – 21 JUNE 2013

Nam Cheong (NCL SP/BUY/Target: S$0.34). Recently, Nam Cheong

announced the sale of four 3,000dwt PSVs and one 12,000bhp AHTS for

US$110m, easing concerns of a potential PSV oversupply. Following the

most recent sale, Nam Cheong's orderbook has hit an all-time high of

RM1.7b. Net orderbook stands at RM1.3b, of which about RM600m will be

recognised in 2013 and the remainder in 2014-15. Maintain BUY and

target price of S$0.34, based on 9.7x 2014F PE.

 

OCBC - 4^TH JUNE 2013

Nam Cheong: Ride the upcycle!

● Leadership transition

● Dominant in Malaysian market

● Rising OSV demand

New CEO; but expect a smooth

transition

Nam Cheong Limited recently announced that

its Executive Director, Mr. Leong Seng Keat,

has been re-designated as the CEO. Datuk

Tiong Su Kouk, who is also a controlling

shareholder with a 43% stake, will relinquish

his CEO position but he remains as the

Executive Chairman. We believe that this

leadership transition would be smooth and do

not expect any significant changes to the

group's business directions. Mr. Leong, also

the son-in-law of Datuk Tiong, joined Nam

Cheong in 2005 after 15 years in the IT

industry. With his sales and management

experience, Mr. Leong successfully marketed

the group's vessels to the international

market.

Strong market leadership

We continue to like Nam Cheong for its

market leadership in Malaysia. Having fine tuned

its outsourcing strategy over the

years, the group now dominates the OSV

market with about 70% domestic market

share. Although majority of its vessels are

built in third-party Chinese yards, the group

has supervising teams on the ground to

ensure that the vessels are of sound quality.

This outsourcing strategy allows Nam Cheong

to scale up its production capability quickly

without having to incur hefty capital

expenditures.

 

Pick-up in OSV demand expected

Petronas had pledged to spend RM300b in

capital expenditure over 2011-15, 80% more

than the previous 5-year period. We believe

this will likely result in increased investments

across the Malaysian offshore oil & gas

industry. Already, Nam Cheong is seeing a

healthy pick-up in order wins (FY11: 13

vessels; FY12: 21 vessels) and it has recently

expanded its shipbuilding programme to 28

vessels for FY14F (FY13: 19 vessels). Its

large order-book of MYR1.3b, for 26 vessels

delivered over FY13-15F, helps to mitigate its

risk by providing a base level of earnings.

Given the strong growth profile, we find

current valuation (FY13F PER of 8.6x)

attractive. We now raise our FV to S$0.35

(previously S$0.30) on a higher PER of 11x.

Maintain BUY.

 

*********** Uptrend STILL INTACT: China Env. Share price 0.53. ( Continue to ride the gains as long as new support holds )

Following up from BUY Trading call made last Friday. China Env has indeed today broken above the 0.500 CRITICAL resistance level on TOP 20 volume. Likely to consolidate above the 0.500 support now from 0.500 to 0.54. Uptrend is still very much intact with it holding about each “Resistance turned support level” each time and consolidating before staging a breakout again. Can try to accumulate if it does dips to near 0.500 support. Near term target to 0.600 in the next few weeks. Those with previous long positions should raise stop loss level  to 0.485 to protect your profits but still let your gains ride.

Stop loss at 0.485

 

********* Trading BUY: Yangzijiang. Share price 1.14. ( Rebounding to 1.20 possible ! )

Yangzijiang has consolidated from 1.05 to 1.13 for about 2 weeks and today we have seen a breakup of the recent 1.13 high on pretty strong Volume. As long as 1.10 stays as a new psychological support level, more upside can be possible to 1.20 then 1.25. Note that 1.32 was the high set in March last year 2012. May continue to see strength on strong analyst coverage. Not really for contra, to hold and ride any gains due to eventual rebound. Top 20 volume seen currently on breakout.

Stop loss at 1.09

 

 

 

********** Trading Buy: Magnus Energy. Share price 0.048. ( Can it clear the CRITICAL 0.050 ?)

Magnus has cleared the immediate resistances at 0.042 and 0.047 on TOP 10 volume today. Likely to test the Critical 0.050 in the next few days, high today seen at 0.049. Aggressive traders can consider entering around this level to wait for a break above the 0.050. Possible to average up on the breakout of 0.050, would be fast, watch it closely, look at the gap it can clear on this breakout. Target to 0.060 then 0.065 if the 0.050 and 0.051 gets lifted. Raise stop loss at 0.048 for long positions on the break. Mainly a speculative counter to trade on the upward momentum and strong volume and the play on Oil and Gas pennies at the moment.

Stop loss at 0.044

 

********* Monitor Closely for Breakout: IPCO. Share price 0.035 (Can this be the next YHM ?, chart looks surprisingly SIMILAR !! Enter on Breakout possible. )

IPCO currently on TOP 3 volume has been trading in the range of 0.030 to 0.036 for about a month. Critical resistance to watch is 0.036 which was the high set in Aug last month. A break out above this level and more confirmation on the break of Critical psychological 0.040 can see it go to a new recent high to probably 0.05. Note that it has consistently traded above the 20 DAY MA for about 2 months and seems like consolidating for more upside to happen. Aggressive traders can average up on the break of 0.036 and more on 0.040. From Upward sloping supporting line, you can see that general trend has been upwards since early 2012. As long as 0.030 holds as immediate support, still a bullish counter to hold to ride any potential gains.

Stop loss at 0.029.

 

 

****** Potential upside on Breakout: Falcon Energy. Share price 0.405. ( Can it breach the 0.42 recent high ?) REPOST: NOW AT 0.43

NOW AT 0.43 CLEARING, POTENTIAL TRADE SETUP TO 0.45.

 

POSTED ON 18 September 2013 to OUR CLIENTS ONLY: Falcon Energy has finally come into the lime light again with it at TOP 30 VOLUME as it attempts to test the recent high of 0.42. Today high seen at 0.42 again but it has failed to clear this crucial resistance level. Likely to see it consolidate from 0.400 to 0.42 if it still is interested in breaking above the 0.42 level. A long as 0.400 is a support level, we are bullish, in the case a upside breakout of 0.42 will trigger a bullish acceleration to 0.45 then 0.500.

Stop loss at 0.385

 

******* Potential Trade Setup: Yoma. Share price 0.83 ( Can the 0.85 resistance hold on for long ? ..... if not, here comes 0.900...........)

Following up from Buy trading call made on 16 September 2013. Yoma has cleared the immediate resistance at 0.82 yesterday after consolidating below it for about a week. Support would now be at 0.82 than 0.800 strongly. As long as 0.82 is a support, a rise toward 0.85 and even 0.900 seems likely. Likely to trade within the 0.82 to 0.85 range within the next few days before more upside can be seen. High set today was 0.855 where a mere 2 lots was done. A convincing break above 0.85, where the 0.855 and 0.86 clears out can be a new potential trade set up for 0.900 near term target. Note that at this level, it is quite a convincing breakup above the 200 DAY MA(Dotted blue line) which can signal an upward reversal.  A break out above 0.900 can pave the way to 0.94 to 0.94 which was the high set in July 2013 before it dipped all the way to 0.700…

Stop loss at 0.79.

 

OCBC - 17 Sept 2013

 

DBSV – 30^TH JULY 2013

 

 

*********** Monitor Closely: Ying Li. Share price 0.465. (Seems like it is testing the previous high set at 0.465, can the 0.47 or 0.475 clear out ?)

Ying Li has slowly inched up back to the 0.465 resistance level which it has formed in July 2013. Currently testing it at the moment with Top 20 Volume. Note that it has just crossed above the Downward sloping Channel Resistance line (Downward sloping line) last week and has manage to stay above consistently, positive signal. More upside on the breakout of 0.47 and 0.475 level and we can expect to see it go to 0.500 in the near term. Upside breakout of 0.500 can pave the way to 0.54 level. Aggressive traders can consider getting in cheaper before the breakout with strict stop loss and average on the break.

Stop loss at 0.445.

 

UOBKH - 13 September 2013

 

********* Trading Buy: REX Intl. Share price 0.94. ( Broke recent 0.93 high on high volume and Strong DBSV report)

Rex is currently on Top 10 volume and has cleared the recent Sept high of 0.93. Now an at all time high and can continue to see new momentum forward as it plays catch up with the other Oil and Gas plays. Strong resistance at 0.95 seen currently where there are huge seller stacked at the moment. Likely to consolidate from 0.92 to 0.95 first before more upside. A break above 0.95 now can see it test Critical 1.00 fast.  The upside breakout of 1.00 can see bullish acceleration to 1.04 to 1.10 range and be prepared to catch the breakout.

Stop loss at 0.91

 

 

********* Trading BUY: YHM. Share price 0.055. (Convincing breakout seen, secures NEW CONTRACT WIN)

Following up from BUY Trading Call made on 12 September 2013. YHM has tested the 0.050, 0.051 resistance about 2 times over the past 2 weeks. Has opened at 0.055 today on news of it securing a contract worth USD 183m. Likely to see some strong momentum going forward on this news. Target to about 0.06 can be possible in the near term. As long as 0.050 stays as a new support level, we are bullish with a target of 0.06 then 0.065. Can consider accumulating on dips above the 0.050 from 0.050 to 0.054. TOP Volume seen currently on this convincing breakout which can signal more upside.

Stop loss at 0.049

 

 

********* Consolidating before more Upside: China Env. Share price 0.48. ( Wait for the next phase of uptick)

Follow up from BUY Trading call made last Friday on 13^th September 2013. China Env has broken above the 0.46 immediate resistance level 2 days ago and manage to stay above this new support. Trading range would most likely be from 0.46 to 0.500 consolidation before more upside seen. Resistance stands Critically at 0.500. Currently, we can see Massive sellers there so any break above this Crucial 0.500 would be a new phase upwards again. As long as 0.46 and 0.45 holds as a new support level now, we are bullish. This counter has been consolidating only to break higher each time and also faster. Can continue to average up and ride the trend as long as KEY support level holds. Will average up on the break of 0.500, from 0.505 to 0.51. Target to 0.54 then 0.600.

Stop loss at 0.435.

 

****** Monitor For Breakout: Dukang. Share price 0.485. (Likely consolidation before more confirmation in direction) - REPOST: NOW AT 0.515... MORE UPSIDE ON 0.500 SUPPORT.

REPOST: NOW AT 0.515….. MORE UPSIDE ON 0.500 SUPPORT.

  

Posted on 17 September 2013. Dukang is likely to consolidated from 0.47 to 0.50 in the coming days since it broke above the 0.47 resistance last Friday. Has attempted to break above the Critical 0.500 yesterday but to no avail. Current high today is at 0.500 also. As long 0.47 stays as new support level, can still be a positive for a rebound back up to the 0.600 level. A break above 0.500 can see it go to 0.55 to 0.56. Note that it has also broke above the channel resistance level (Downward sloping line) and also convincingly above the 20 DAY MA (Green line) which can signal more short term upward momentum. Aggressive traders can consider averaging up at 0.505 to 0.51 if the 0.51 clears out and take profit from 0.54 to 0.56.

Stop loss at 0.46. 

 

********* Upward trend still in Placed: OKH Global. (Why not just ride the UPtrend till it proves otherwise.......) REPOST: NOW AT 0.75 CLEARED, CAN THE 0.755 CLEAR OUT TOO ?

REPOST: NOW AT 0.75 CLEARED, CAN THE 0.755 CLEAR OUT TOO ? More upside if 0.755 is LIFTED !!!!!

 

Call made on Tuesday 17 September 2013 - Following up from Previous Buy call made last Friday, 13^th September 2013. OKH has managed to stay above 0.700 solidly and even traded higher for the past 2 trading days. May see it consolidate from 0.72 to 0.75 in the coming days before more upside as it has already surge up by quite a fait bit already. A breather would always be welcome in preparation for more upside. Immediate resistance at 0.75 currently which it has also tested today and where there are currently huge seller stacked there at the moment. Can consider to continue to average up on breakouts and accumulate on dips as long as the 0.700 support holds. A BREAK above 0.75 can see it go to 0.800 and 0.900.

Stop loss at 0.69.

 

******** Trading Buy: Otto Marine. Share price 0.067. (Cleared immediate 0.065 resistance - TOP 5 Volume)

Otto Marine has just cleared the immediate 0.065 resistance level today on pretty reasonable Volume. Yesterday we have seen it cleared the psychological  0.06 level and surge higher. As long as 0.065 holds as new support level now, we are short term bullish with upside to 0.07 then 0.074 first. Upward momentum seems like still strong so possible to ride the uptick in the short term. HUGE BUYERS GRABBED the 0.065 resistance just now.

Stop loss at 0.063

 

Phillip – 6 September 2013

Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, is pleased to announce that the Group has signed a Memorandum of Understanding (“MOU”) for the newbuilding of 5 cement carriers. The 5 cement carriers have capacities in the range of 7,500 deadweight tonnes (“DWT”) to 15,000 DWT. Conversion works will be carried out in Otto Marine’s shipyard in Batam. Apart from the firm orders, there is also potential for the Group to secure contracts for the conversion of 2 additional bulk carriers into cement carriers, and a further order for a 3,500bhp Ocean Towing Tug from the same Indonesian customer. (Closing price: 0.048, +4.35%)

 

********* Impending Breakout: UPP. Share price at 0.385 closed today. ( REPOST: NOW AT 0.395, TESTING 0.400 AGAIN)

REPOST: UPP TESTING 0.400 CRITICALLY AGAIN. A CLEAR POSITIVE if it manages to clear it and 0.405, Look at the gap that it can cover upwards !!! Monitor for BREAKOUT.

 

Posted on Monday 16 September: Following up from Previous call made on 3^rd September 2013. UPP has again tested the 0.38 resistance level again today with a high set at 0.39. Seen in Top 20 volume today.  UPP has consolidated below the critical 0.38 resistance level since Jan this year and today we have seen it attempting to break above it again. Monitor closely for the breakout of 0.385 level, will be a positive in the near term if the 0.39 clears out tml and we see it push higher. Ultimately, Critical resistance would still be at 0.400. We would considering putting a BUY stop at 0.405 to 0.41 as any break up above the psychological 0.400 resistance level can be a further confirmation of short term upward momentum. Support at 0.35 currently. A break above 0.400 can pave the way to 0.44 to 0.45 fast to test previous highs set in April and Oct 2012.

Stop loss at 0.385 for long position on the break of 0.400.

 

********* Trading Buy: Geo Energy. Share price 0.405. ( Broke 0.400)

Geo Energy has cleared its immediate resistance at 0.38 in the morning and has continued to surge higher testing the critical 0.400. Top 10 Volume seen currently on this breakout which can signal momentum. Target to 0.43 then 0.45 first. Has been below the 0.38 resistance level for about 3 weeks forming a slight Ascending Triangle bullish pattern formation with resistance at 0.38. A break above this can signal more upside going forward. As long as 0.400 remains as a new support level, we are short term bullish with ultimate target at 0.45 to 0.48.

Stop loss at 0.385.

 

 

OCBC – 3^RD SEPTEMBER 2013

Geo Energy Group: New kid on the

mining block

● Now a mine owner

● Adding five more concessions

● 15x PER vs. peers' 36x

Geo Energy Group

Geo Energy Group (GEG) is a coal mining

specialist in Indonesia, which started as a

mining contractor, and has since moved on

to become a mine owner. It currently owns

the BEK Mining Concession (which we visited

recently) and has entered into five other

mining concessions.

 

Visit to BEK site

Located on a 4570ha site in Kutai Barat

Regency, East Kalimantan, BEK has a 6-year

mine life based on 12.5m tonnes of reserves

(also has 30.7m tonnes of resources and a

20-year concession from Apr 2011). We

understand that GEG has produced some

1.84m tonnes of coal from this site as of 30

Jun; and the company believes it is on track

to achieve its 2m-tonne target by year end.

While the caloric value is just above 3400

GAR, we understand that prices have been

holding up pretty well (~US$31-34/ton)

despite the slide in Newcastle coal prices;

this as end customers switch down to

cheaper inputs in wake of the still-sluggish

economies in China and India.

 

Also went to BJPE site

We also visited a 739.9ha site where GEG

provides mining services to the owner of the

concession, BJPE. In addition, GEG has

exclusive marketing rights over the semicoking

and high-thermal coal produced there.

According to management, GEG will continue

to secure new mining services contracts like

this. And it believes that it has an edge over

its competitors as GEG owns its own

equipment, thus giving the company greater

flexibility and cost control.

 

Outlook for Indonesian coal remains

upbeat

Going forward, GEG remains upbeat about its

prospects, noting strong demand from

countries like China and India, even though

near-term coal prices are likely to remain

relatively soft due to the supply growth. We

do not have a rating on GEG. Currently, GEG

is trading at a historical PER of 15x versus

the simple average of 36x of its peers in

Indonesia.

 

 

********** Potential Rebound: Suntec Reit. Share price 1.625. (REPOST: NOW AT 1.64)

REPOST: NOW AT 0.64, SEEMS LIKE IT HAS CONVICNING BREAK ABOVE THE 1.62, can consider long positions and take profit on more strength

 

Posted yesterday - Suntec Reit has consolidated below the 1.62 resistance level for about 3 months already and finally we have seen some interest today and a slight attempt to break above, more confirmation needed though. The high set today is 1.63 currently. Can be a possible potential trade setup if the 1.63 level clears out. Target will then be to 1.70 then 1.80 in the near term. 1.70 resistance level is also the 200 DAY MA(Dotted blue line) so a break above that level can also signal more strength in the uptick.

Stop loss at 1.595 for short term trades.

   

******* Slowly inching upwards: THBEV. Share price 0.565.

Likely to test immediate resistance at 0.575 first. If manage to cross above this possible to head to 0.600 critically. A break above 0.600 will be a confirmation for more upside to the 0.65 level. Top 10 Volume seen currently. Has cross above the 20 DAY MA line last week and also just broke above the 200 DAY MA line yesterday, a potential reversal play back up as long as support at 0.55 holds now.

Stop loss at 0.545

 

CIMB � 29 AUGUST 2013

Changes in excise tax law

THBEV SP /TBEV.SI| OUTPERFORM - Maintained | S$0.52 - TP:S$0.71

�We understand that there will be changes to the alcoholic excise tax policy motivated by the government's desire to prevent importers from understating cost. There is little clarity at this stage but we do not think that Spirits margins will be adversely affected. In fact, Spirits volume may benefit. There has been no official statement yet but we do not think that these changes will be detrimental to spirits margin. There are no changes to our FY13-15 EPS estimates and SOP-based target price for now. We keep our Outperform call and expect re-rating catalysts from further corporate restructuring.

 

******** A breakout play: Hankore Env. Share price 0.062. ( Can it clear the 0.063 ? Top volume Currently )

Monitor closely for any breakout above the 0.62 immediate resistance level. Currently testing but more confirmation stil needed. As long as 0.060 remains as support , still bullish in the short term with a target at 0.07 then 0.08 probably. More confirmation can be given if the 0.063 and 0.064 levels get lifted. Mainly a Penny speculative counter with a potential upside on the break of 0.062. TOP Volume seem currently on this attempt which could possibly lead to a real breakout.

Stop loss strictly at 0.058.

 

********* Potential Rebound: Suntec Reit. Share price 1.625.

Suntec Reit has consolidated below the 1.62 resistance level for about 3 months already and finally we have seen some interest today and a slight attempt to break above, more confirmation needed though. The high set today is 1.63 currently. Can be a possible potential trade setup if the 1.63 level clears out. Target will then be to 1.70 then 1.80 in the near term. 1.70 resistance level is also the 200 DAY MA(Dotted blue line) so a break above that level can also signal more strength in the uptick.

Stop loss at 1.595 for short term trades.

 

OCBC – 13 September 2013

Suntec REIT: Unveils Suntec City’s new look
Suntec REIT announced yesterday that its major enhancement of Suntec City has reached a milestone with the opening of Phase 1 and Suntec Singapore. Management reported that Suntec Singapore has hosted 96 events and 650k visitors since opening in Jun 2013, affirming its status as an attractive Meetings, Incentives, Conventions and Exhibitions (MICE) destination, and expects a full calendar ahead for 2013 with customers like Spikes Asia, IFLA etc. The newly created retail space at Phase 1 now houses ~100 retail outlets and 50 F&B restaurants, including UNIQLO’s largest outlet in Singapore. We continue to believe that the outlook and valuation remains attractive for Suntec REIT. Maintain BUY with an unchanged fair value estimate of S$1.80.

 

DBSV – 23 August 2013

 

StanChart – 20 July 2013

 

********* Upward trend still in Placed: OKH Global. Share price 0.745. (Why not just ride the UPtrend till it proves otherwise.......)

Following up from Previous Buy call made last Friday, 13^th September 2013. OKH has managed to stay above 0.700 solidly and even traded higher for the past 2 trading days. May see it consolidate from 0.72 to 0.75 in the coming days before more upside as it has already surge up by quite a fait bit already. A breather would always be welcome in preparation for more upside. Immediate resistance at 0.75 currently which it has also tested today and where there are currently huge seller stacked there at the moment. Can consider to continue to average up on breakouts and accumulate on dips as long as the 0.700 support holds. A BREAK above 0.75 can see it go to 0.800 and 0.900.

Stop loss at 0.69.

 

******* Monitor For Breakout: Dukang. Share price 0.485. (Likely consolidation before more confirmation in direction)

Dukang is likely to consolidated from 0.47 to 0.50 in the coming days since it broke above the 0.47 resistance last Friday. Has attempted to break above the Critical 0.500 yesterday but to no avail. Current high today is at 0.500 also. As long 0.47 stays as new support level, can still be a positive for a rebound back up to the 0.600 level. A break above 0.500 can see it go to 0.55 to 0.56. Note that it has also broke above the channel resistance level (Downward sloping line) and also convincingly above the 20 DAY MA (Green line) which can signal more short term upward momentum. Aggressive traders can consider averaging up at 0.505 to 0.51 if the 0.51 clears out and take profit from 0.54 to 0.56.

Stop loss at 0.46.

 

News – 28 August 2013

 

********** Impending Breakout: UPP. Share price at 0.385 closed today. (Can it cross the CRITICAL 0.400 ? Not today..... Lets see when......)

Following up from Previous call made on 3^rd September 2013. UPP has again tested the 0.38 resistance level again today with a high set at 0.39. Seen in Top 20 volume today.  UPP has consolidated below the critical 0.38 resistance level since Jan this year and today we have seen it attempting to break above it again. Monitor closely for the breakout of 0.385 level, will be a positive in the near term if the 0.39 clears out tml and we see it push higher. Ultimately, Critical resistance would still be at 0.400. We would considering putting a BUY stop at 0.405 to 0.41 as any break up above the psychological 0.400 resistance level can be a further confirmation of short term upward momentum. Support at 0.35 currently. A break above 0.400 can pave the way to 0.44 to 0.45 fast to test previous highs set in April and Oct 2012.

Stop loss at 0.385 for long position on the break of 0.400.

 

 

********* Impending Breakout: Rowsley. Share price 0.59. (Entry on breakout above 0.600 Criticallly)

Following up from previous call made on 5^th September 2013. Rowsley has still consolidated within the range of 0.54 to 0.60 for about 2 weeks already. Can see huge resistance at 0.600 currently. That would defnitely be a KEY psychological resistance to watch. A break above 0.600 can open the way to 0.64 then 0.700 fast. As long as 0.54 and 0.55 remains as the support in the near term, we are bullish.

Stop loss at 0.58 for long positions on breakout above 0.600.

 

******** Trading Buy: Yoma. Share price 0.78

Yoma has cleared the immediate resistance at 0.76 today on TOP 30 Volume currently. Has been consolidating below this resistance for about a month only to finally stage a breakout today. This could lead to a potential rebound back to 0.800 then 0.900 level. Has also broke above the 20 DAY MA Line (Green line) 2 days ago and has managed to stay above it. Target to 0.800. A break above 0.800 can see it go to 0.84 then 0.90 quickly. Note that 0.81 is also a 200 DAY MA level resistance so crossing above this level could potentially be another positive. As long as 0.75 remains as new resistance turned support, short term bullish.

Stop loss at 0.745.

 

********* Trading Buy: OKH Global. Share price at 0.71. ( Supported above 0.700, still good to go......)

Following up from BUY Trading call made 2 DAYS back. OKH Global has indeed broke above the 0.700 resistance level yesterday faster than expected after consolidating for a mere 3 days below it. More upside can be possible again on this new resistance level breakout. Near term target possible to 0.74 to 0.75 first. As long as 0.700 holds as a new support now, a rise towards 0.75 then 0.800 seems likely. Continue to ride the uptrend till it proves otherwise. Increase Trailing stop loss upwards to 0.69. You can see that upward momentum has been going strong after each consolidation breakout. Still a buy in our opinion unless support breaks down.

Stop loss at 0.685 now.

 

******** Still a BUY on consolidation: China Env. Share price 0.385. ( Tested 0.400 resistance, soon.....) REPOST: NOW 0.415 !

Posted on Wednesday. Broke the 0.400. NOW 0.415.

 

Following up from previous BUY call made last Monday on 2^nd September 2013. China Env has managed to stay above the 0.35 resistance turned support level and today we have seen it test the 0.400 immediate psychological resistance level. Can consider locking in some Long positions within this range above the 0.35 support. As long as 0365 is not broken down, we favour a up move with 0.44 and 0.50 as the next target if the resistance at 0.400 clears out. Possible to average up at 0.405 to 0.41 level on break out for aggressive traders.

Stop loss at 0.345.

 

****** Impending breakout again: Vard Holding. Share price 0.975. (Monitor closely for Breakout and entry !)

Following up from BUY Trading Call made last Thursday.  Vard has indeed traded higher each day and it is about the test the CRITICAL 1.00 level. Something like Yangzijiang 2 days back. There are currently huge sellers stacked at the Incredible resistance at this moment and this will likely be a barrier to go above. However, we can expect to see more Short term Potential upside to 1.06, 1.10, then 1.20 if the sellers at 1.00 can taken out . Possible to set a CFD BUY STOP to catch this breakout level and can average up at 1.005 to 1.01. If the breakout does occur above 1.00, this will be the new support level and as long as it holds, we are short term bullish for a rebound.

Stop loss at 0.985 for long positions on breakout.

 

******* For Aggressive Traders: YHM - TRADING BUY on breakout . Share price 0.050 now. (All time high broke the 0.048. - Watch closely, more upside if the 0.050 and 0.051 clears out !)

YHM is currently at an all time high as it has broken the Critical 0.048 level. Has been consolidating below this level since the start of the year till now and we have finally seen it broke across today. More upside if the 0.050 clears out and if it stays above. Possible to head to 0.06 quickly if that happens. Has tested it 3 times since May 2013 but has failed to break above each time only to head lower again. This breakout on TOP 3 volume will be likely to see some upwards momentum going forward in the next few days.

Stop loss at 0.046 strictly.

 

 

******** Broke out from Ascending Triangle: Indo Agri. Share price at 0.835. (Must cross 0.85 for more upside)

Indo Agri has staged a breakout above the immediate 0.82 resistance which it has consolidated below for about 3 weeks and where a slight Ascending Triangle Pattern formation has emerged. Possible to see it test the next resistance at 0.85 before more upside. As long as 0.82 holds as support for now, we are Short term bullish to 0.85. As break above 0.85 can pave the way to 0.900 fast. Note that it has also broken above the 20 DAY MA (Green line) 3 days back and managed to stay above strongly signaling short term change to upward direction. A trade for a potential rebound, something like Noble Group posted this morning !

Stop loss at 0.81

 

******* A potential Rebound: Noble Group. Share price 0.89. (Wait for the break above 0.900 critically)

Noble Group has just began its rebound a few days ago when it broke above the 0.85 resistance level. Immediate resistance is at 0.89 now which it has just broken above today. High as of now is 0.895.  This 0.89 was the previous support turned resistance level. Has been trading below this 0.89 level for about a month and have finally seen  it crossed above today on reasonable Volume. A break above 0.89 and more confirmation a break above 0.900 will be a short term positive. Likely to test 0.900 Critical resistance today and we shall see if it manages to break above, Can average up on this 0.900 breakout too. Target to 0.95 then 1.00.

Stop loss at 0.88

 

 

*********** Aggressive Trading BUY: Albedo 0.057. Cleared 0.055. (Ascending Triangle Breakout seen)

For aggressive traders, target 0.06 then 0.07. Mainly a short term trading play on  Breakout. Has been testing this 0.055 resistance level for about 2 weeks before breaking out today. Could possibly be a new momentum upwards from now again if support stays at 0.055.

Stop loss at 0.053 strictly.

 

******* Broke out of resistance: Cosco Corp. Share price 0.765. (Monitor for more upside above 0.78 resistance level)

Cosco Corp has broken out above the 0.75 immediate resistance. Critical resistance 0.78 level which it has neared today but never touch. Given this break out seen today, likely to consolidate from 0.75 to 0.78 in the coming days before a clear direction is seen and it attempting to break above 0.78. As long as 0.75 remains as new support, we are bullish with a target price of 0.800 then 0.84 if the 0.78 clears out. A break below 0.75 would open the way back to 0.700 support level.

Stop loss at 0.74

 

******** Still a BUY on consolidation: China Env. Share price 0.385. ( Tested 0.400 resistance, soon.....)

Following up from previous BUY call made last Monday on 2^nd September 2013. China Env has managed to stay above the 0.35 resistance turned support level and today we have seen it test the 0.400 immediate psychological resistance level. Can consider locking in some Long positions within this range above the 0.35 support. As long as 0.35 is not broken down, we favour a up move with 0.44 and 0.50 as the next target if the resistance at 0.400 clears out. Possible to average up at 0.405 to 0.41 level on break out for aggressive traders.

Stop loss at 0.345.

 

******* Trading BUY: Yangzijiang. Share price 1.01.

Following up from previous BUY call last Friday. Yangzijiang has broken the CRITICAL 1.00 resistance level. Likely to push higher in the short term to 1.05 then 1.10. As long as 1.00 remains as new support level, more short term upside possible. TOP 5 Volume seen currently on Breakout. Look at the gap it can fill, went to a high of about 1.10 in Jan 2013 before dipping down.

Stop loss at 0.98

CS - 10 September 2013

CIMB - 11 SEPT 2013