Thursday, February 14, 2019

UMS: Pushing higher towards target... More upside? Price 0.695.


Just about 2 weeks back, we had seen UMS approaching the key 0.65 resistance level firmly..


This was a critical level for us as you can see that it met a few criteria…


1st, it was just where the downward sloping channel resistance was… see the red line sloping down..


2nd, it was also where the 100 day moving average was, the red moving line (slightly hidden in the chart below)..


There was some sign of strength and reversal hence some upside targets were drawn expected that key resistance to give way..



Finally, last week, we managed to see that resistance at 0.65 give way and buyers started to come back..

Upside target was reiterated again towards 0.75… see what I mean below..

We were also about to see a potential crossover of the shorter term moving averages, the green and red line..

Which can signal a reversal on the cards..




Today, seems like we are attempting the move above the 0.700 psychological level..


Halfway towards our target.. Some selling seen here for now which is normal…


A potential upside crossover of the short term moving averages also still playing out...


Target towards 0.75 may still be on the card if this resistance gives way too…  let’s see if target can be hit soon or maybe even revised further..


Separately, we also had a bullish signal on our system for this counter few weeks back, still NO EXITS


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Monday, February 11, 2019

Best World: Target breached, revised upwards... Price 3.26. See bullish signal!


After consolidating for more than a month below the 2.80 resistance level,


Finally we saw some bullish actions last Monday when it approached the 2.80 resistance level,


Buyers seemed to be attempting to break that.. and at the end of the day we got a close right at the 2.80 level…


Uptrend was still intact as per trend indicators as it consolidated all these while.. the up move came on Thursday furiously and some targets were drawn…




Today, we have seen the 3.20 target breached as well..


Likely to see more upside from here with target revised to 3.50 next..


Given the rally we have seen, would be good to lock in some profits along the way and more importantly protect them also..


Some profit taking expected as we push near 3.50..




Separately, from the PTI system, we actually had a few 1GT bullish entry and exit signals over the past few months..


And the NEW Bullish signal came in last Monday, see what I mean below…


And then the surge happened…


Still no exits as of now… will be looking to see when it comes out… next target may be on tracked..


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Thursday, February 7, 2019

Singpost: Target hit, Retracing back down from 1.00 still, price 0.945


Over the past 2 weeks, we have seen Singpost approaching the key 1.00 resistance level…


Some profit taking started and there was a possibility of sellers returning to push it lower..


Some downside targets were drawn then as the trend was pretty much still down in the mid to long down from trend indicators…


1ST target was at 0.95 first then the previous low at 0.88 – 0.90, see what I mean…




Over the past few days, we have breached the temp 0.95 - 0.96 support which was our first target..


Would want to be cautious of more short term weakness ahead…


2nd target may still be on tracked…


Some decent support seen at 0.94 for now but selling can continue if that gives way too…





Friday, February 1, 2019

Japfa: Heading towards target... short term positive.. price 0.835


Just last week, we spotted some bullish actions with Japfa attempting to break the key 0.80 resistance level…


Has been capped below that since 2017 and finally it managed to break free..


Hence some short term upside was expected towards 0.90 next… see what I mean..


Trend indicators were also look strong and pointing towards more upside then but just needed to wait for more confirmation…




Over the past few days, we managed to see it trying to push higher despite market weakness..


Forming higher highs with each passing day…


Some slight resistance at 0.85 for now, but target looks on tracked with that clearing too…


Target towards 0.900 may still be on the cards if that happens… still in watch list for now…

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