Friday, April 12, 2013

Short Term Trading Buy: AddvalTech. Share price 0.081.

AddvalTech broke out from Key 0.078 resistance level which it has tested 4 times before yesterday. Yesterday closed at 0.079 further confirmed the breakout. Currently at 0.081. Top 5 Volume seen currently. Short term target to 0.086, a break above this level can see it go to 0.900 next. Recent high was 0.097 in Feb 2013. Mainly short term momentum trading call on break out. Immediate support stands at 0.08 psychologically and also the next support at 0.078. You can see that AddvalTech has been support pretty strongly above the channel support line (upward sloping line), consolidated for about a month before breaking out yesterday.
Stop loss at 0.076.

Thursday, April 11, 2013

Ascending Triangle Breakout - MacqIntInfra. Share price 0.605.

An Ascending triangle formation break out at the 0.600 level. Has been below this 0.600 resistance for more than 2 months since 1 Feb 2013 and tested twice including yesterday. Breakout seen today when about 4m shares bought directly at 0.600 in the morning. Support would now remains as 0.600. Upside to 0.64 and 0.66 region possible if 0.600 holds strong.
Stop loss at 0.59.
 
 

Short Term Trading Buy: Interra Res. Share price 0.505.

Has broken up above the 0.500 critical resistance level. Now at 0.505. Top 5 Volume seen currently. Could signify buying interest again on this break out. Resistance will now turned support at 0.500. As long as 0.500 remains as new support level, short term target to 0.55 is possible.  A break above 0.55 can see it go to up further to test recent high of 0.595 set on 1st Feb 2013.
Stop loss at 0.485.
 
 

Wednesday, April 10, 2013

***** Accumulate on Dips: Thai Beverage (THBEV). Share price 0.62.

Thai Bev has been supported very strongly above the 0.600 critical support level. Since the 8th of March 2013 after it has broken out above the 0.600 level, this 0.600 has turned from resistance to support. As long as 0.600 is not broken down, we are bullish. Trading range has gone wider currently from 0.600 to 0.65 region. Possible to accumulate on dip from 0.600 to 0.615 region and profit from any rebound nearer to the 0.65 region. Note that a break out above the 0.65 region can see it go to 0.68 and 0.70 target quickly.
Stop loss strictly at 0.59 as if the 0.600 does not hold, it can retrace to around the 0.545 region.
  

Tuesday, April 9, 2013

****** Maple Tree Industrial Trust: Broke above the 1.45 level and staying above strongly. Share Price 1.47. (Long term investment for Strong Yield and Capital Appreciation.)

MapletreeInd has broke above the 1.45 recent high 2 days back and manage to stay above it strongly. Currently at 1.47. Possible to see it climbing higher to test the psychological 1.50 level soon. Resistance has turned support also at 1.45 now. We remain bullish as long as 1.45 hold as the near term support.  A break above 1.50 can see it go to 1.56 to 1.60 level. For investors, a good stock to hold also in the longer term for yield of about 6.5%. And also opportunity to reap capital gains after collecting yield.
 

Trading Buy: Starhill Global. Share price 0.915. (Possible to hold for Mid to long term for yield of more than 5%)

Starhill Global has tested the recent high of 0.915 set in Feb 2013. Today’s high as 0.925. A break above the 0.915 level can see it find a new high from the 0.95 to the critical 1.00 psychological resistance level. Also a good long term stock to have for yield above 5%. As long as 0.900 remains as the support, uptrend is still intact in the short term.
A more lenient stop loss for this counter below 0.88.
 

Monday, April 8, 2013

Short Term Trading (Short) Sell: Cosco Corp. Share price 0.885. CFD short trade.

Cosco Corp has been supported above the 0.89 level since Mid March 2013 till last Friday. Currently at 0.885 level, low today was 0.88. A possible Short trading opportunity to take profit at 0.855 to 0.865 region. Note that trade opportunity is to be carried out under CFD and not a naked short on the cash market. Next support level at 0.855 level. Traders would who like to buy on dips can consider accumulating from 0.855 to 0.87 region and sell on any rebound in the cash market. Trading range is now 0.855 to 0.89, 0.89 has turned from support to resistance level.
Put a Buy stop at 0.905 if short trade is done.
 

Tuesday, April 2, 2013

Short term Trading Buy: Contel Corp. Share price 0.094. (For a quick trade with a tight stop loss only)

Contel has been trading below this 0.092 level for about a month already. A convincing breakout is seen currently 0.094. Must stay above 0.092 for more upside to test psychological 0.100 resistance level. A break above 0.100 can see it go to between 0.11 and 0.12 level. Recent high in Feb was 0.119. Currently at TOP 3 volume on breakout which can signify more momentum and interest in the short term.
Stop loss at 0.089