ST Engineering: Uptrend still going strong? Price 4.28.

Just early last month, we have seen some bullish actions in ST Engineering as it approached the 4.05 resistance level…

It has tested that level previously but have failed to break through..

But this time, it was different…

Buyers seems to be stronger and willing to push higher despite hitting the same resistance…

The uptrend was already in place so any firm price actions above would be meaningful,

Hence some upside targets were drawn towards 4.40 first… see what I mean..

Over the next few days, it started to push higher towards temp 4.20 resistance and we witness some profit taking..

But that doesn’t mean selling back all the way down…

Just a chance for buyers to take some profit and regroup before attempting to push higher..

Trend indicators were still looking strong and eventually we broke through as well..

Over the past 2 weeks, we are back to some consolidation from 4.25 to 4.30..

On some market weakness, buyers are still not ready to push higher but the move may come soon as long as 4.25 holds..

Target has been revised again recently towards 4.50…

Still watching for more bullish actions for the uptrend to continue..

Wilmar: Reversal still ongoing as per target? Price 3.86.

Just at the beginning of the month, we started to see some bullish actions in Wilmar..

It was attempting to break the 3.70 critical resistance that it has failed to cross above in April..

In fact, it has been trading below this level for 2 years since May 2017..

And finally, sellers gave way for more upside to carry on.. with trend indicators also pointing towards more strength in the short term,

Hence, some upside targets were drawn, toward the 4.00 psychological level as seen below..

Over the past few days, we have managed to see the 3.80 temp resistance level giving way too…

Targets were reiterated again with support now being at 3.70..

This was the original resistance it had broken up from as mentioned previously…

Today, looks like we are finding a new high and attempting to push towards the 4.00..

Can start to see some profit taking near there imo given the rise, however, more upside not ruled out on more bullish price actions…

Watching…

Quite a good recovery it has staged since June last month…

BreadTalk: Sellers still not letting go... Cautious more weakness. Profit from CFD shorts Earlier? Price 0.715

Just at the beginning of last month, we saw Breaktalk approaching the key 0.800 support dangerously..

It has been holding above 0.800 for more than a year but this time there was some signs of weakness as it approached this level..

Indicators were pointing towards the downtrend playing out and hence..

Some downside targets were drawn when we saw that eventual breakdown, see what I mean..

First target towards 0.74 then to 0.66…

Over the past few weeks, we have seen more selling pressure with 0.800 as the NEW lowered resistance..

Was not able to climb back up and sellers came to take it lower..

First target at 0.74 has been hit..

But again, this first support and target may breakdown and head towards our 2^nd target as drawn earlier..

So targets to the downside was reiterated again… towards 0.66..

Over the past few days, we have continue to trade lower and downtrend would still be intact below 0.75 now..

Looks set to test the psychological 0.700 soon and if that fails to hold,

0.64 target can be on tracked as mentioned all along..

Watching…

Would be good for some short covering and taking profits for any short positions as it approaches the 0.65 – 0.66 levels…

CapitaMall Trust: Uptrend still in progress for now? Price 2.71. Some support seen.

Up to last month, CapitaMall Trust has been trading below this key 2.48 resistance level and this dates back all the way to 2013…

Since the beginning of the year, we have been seeing higher highs with the uptrend starting to take shape but…

this level was still critical for more upside to continue… the 2.48 resistance!

However, just last month, we saw some bullish actions again with it attempting to finally break through..

Buyers were trying to get past it and finally sellers just gave way with a bullish candle seen…

Targets were immediately drawn to capture any upside from here… see what I mean… first target to 2.60 first…

Indeed, it started trading upwards fast and 1^st target was hit in a matter of days in early June..

There was some consolidation below 2.60 which was normal give the rally we have seen…

However, more upside was not ruled out and target was revised with the eventually break of the 2.60 resistance as seen below..

Target raised to 2.80!

Over the past few days, seems like we have breached the 2.70 to find a new recent high..

Uptrend still looks intact if we can hold above 2.70 for now..

But we may see some profit taking along the way with 2.80 target still on track.. watching..

Would definitely want to take steps to protect profits while riding more upside if it plays out… :)

CapitaCom Trust: Uptrend still continuing firmly for now? Price 2.24.

Just about 3 weeks back, we spotted CapitaCom Trust approaching the key 2.05 resistance bullishly…

This level was key as we had rejected this resistance last year before it sold off all the way down to 1.70…

And finally we are back here again..

More importantly, there were some signs of the uptrend in progress again as we approach this level…

Was expecting some bullish moves up and hence some targets were drawn... as seen below…

Few days later, indeed, buyers were ready to take out all sellers and that level and lifted it off…

It finally broke the 2.05 key resistance after more than a year and this as definitely something to take note of,

Target was reiterated again towards 2.20 first as seen below…

Trend indicators were still looking favourable and pointing to more upside..

Just last week, we begin pushing higher and there were some profit taking near our first target at 2.20…

This was normal given the rise we have seen over the past few weeks where we can expect some consolidation along the way up…

However, we were expecting more strength with the eventual break of 2.20..

Seems like that has happened again today..

See below of new target revised last week.. Uptrend intact to ride while take steps to protect profits… 😉