Tuesday, October 4, 2011

WILMAR CHART - Near to support level at 5.00.... Possible to get some from 5.00 to 5.08 level... trade to above 5.25...

Has been quite resilient above 5.00 support as you can see from chart... nevertheless put a stop at 4.96.

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EZRA CHART - Broke crucial 0.800 support level.... more downside likely.......


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KEP CORP CHART - Broke the 7.50 support level, possible to head lower to test 7.0 then 6.40....


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SC GLOBAL CHART - Broke the support at 1.10 critically..... now at 1.08.... can head lower to test next 1.00 strong support....

If 1.00 does not hold, can go to 0.85 fast.... stop loss if needed or place a short position.....


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KEP LAND CHART - Broke 2.50 support level... critical support..... if does not creep back up, can head lower

SGX CHART - Broke the 6.50 support level..... now at 6.47... more downside likely.....

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NOBLE GROUP CHART - BROKE 1.30 support... likely to head lower to find new support....

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WILMAR CHART - Approaching support at 5.00 on market weakness again..... possible to accumulatre from 5.00 to 5.08 level slowly to catch any rebound...

From chart below, you can see that it has been maintaining above the 5.00 consistently for the past 6 months... take profit above 5.20 to 5.25 level..... nevertheless always put a stop in such volatile market at 4.96....

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