Keppel Corp: Back to support.. A rebound or more downside here? Price 6.08

Just last week, we saw Keppel Corp approaching the key 6.40 resistance level...

We had been trading below this level since Oct last year and sellers don’t seem to be giving up…

Some selling pressure expected again as we headed towards there which was where the 100 day moving average line is too..

And true enough, it did happen with some bearish reversal price actions spotted too…

See downside target drawn…

Expected a potential retracement back towards 6.00 first which is where some short covering can happen…

Over the past few days, we have indeed seen some selling with the market being weaker and we are back to near 6.00,

Would want to be careful of more bearish price actions below 6.00 where targets to the downside can play out further..

For now, some short covering normal near 6.00… watching which way it goes…

Thaibev: Upside reversal still in progress after recent rally? Price 0.735

Thaibev has seen a really good recovery since the beginning of 2019 when it first cleared above the 0.62 resistance and caught our attention…

and up it went with each passing day..

Just last week, we spotted some bullish actions in Thaibev again with it attempting to break though the key resistance at 0.67..

Some upside was expected and targets drawn… with short term momentum still strong

Over the past few days, target has been hit at around 0.72 and breached too..

We have been trying to push higher from this new 0.72 support with some slight resistance at 0.75 now..

Awaiting more bullish price actions which can see the upside reversal continue towards 0.78 as per revised target.. while taking steps to protect profits.

What a good run caught indeed…

We had a recent bullish entry signal on the PTI system too, still no exits for now… let’s see when..

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Genting Sing: Still heading towards targets, Reversal on track? Price 1.10

Just about 2 weeks back, we spotted Genting Sing approaching the critical 1.05 resistance where buyers were attempting to break it…

There were already some signs of upside reversal showing in the indicators too..

Specifically the crossovers of the short term 20 day and 100 day moving averages…

Hence some upside targets were drawn…

Over the past few days last week, we have indeed seen a breached of the 1.05 resistance…

May be testing 1.10 to push higher…watching… 😉

Seeing some profit taking near 1.10 for now but may be attempting to push higher…

Where targets as drawn previously may still be on track..

1.10 is also where the 200 day MA is where a move above can be a signal some upside reversal in the longer term… watching..

YZJ Shipbldg: A rebound caught, are we back to selling again? Price 1.31

Since Oct last year, we have seen YZJ Shipbldg supported well above 1.20 which has been holding really well..

Hence, a potential rebound opportunity came again about 2 weeks back when we approached this level

And some upside targets were drawn to catch a rebound with short term indicators still looking positive then..

See where we were then, and upside targets..

Over the past few days, we have traded higher towards target and hit,

Some selling coming back as we approached the 1.35 resistance…

Awaiting more bullish actions above 1.35 if the upside reversal is to continue further…

We may see a potential retracement with some consolidation from 1.25 to 1.35 for now before more direction…

AEM: Potential upside to continue above 0.90, Price 0.89

Over the past few days, we have seen some bullish actions in AEM with the markets rebounding..

It has finally broke above the 0.85 resistance that it has been trading below for about a month..

We actually had some bearish signals before the sell down in Dec but then the exit came few days back…

Some upside targets were drawn and upside still looks possible after 0.900… see what I mean

We may be attempting the move above temp resistance at 0.90…

Watching for more bullish actions above 0.900 which can see our target on tracked as drawn above..

We may start to see some profit taking again near 1.00 if that happens…

Let’s see..

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Venture: Downtrend still intact, pushing lower towards temp support... Price 13.56

After consolidating above 14.50 for more than 2 months, we have finally seen the break down 2 weeks back…

Sellers seems ready to take it lower and there were indeed some bearish price actions spotted..

Hence, some downside targets were drawn as seen below..

Over the past week, we have seen more selling towards our downside target near 13.50 but then some short covering seen as the market rebounded..

A slight rebound seen towards 14.50 and sellers came back.. and downside targets were reiterated…

Downtrend may still be intact below 14.50 now…

Seeing sellers pushing it lower towards 13.50 again where some temp support possible, but would want to be careful if that fails to hold too…

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