********** Trading SELL: SGX. Share price 6.77. (Broken immediate support at 6.80)

SGX has traded lower on a weaker market since breaking below the 6.95 support level last week. Even immediate support at 6.80 has been tested and broken down today. Likely to see more downside with a near term target to 6.50. Those looking to accumulate again and average down can consider buying on dips when it nears that level, otherwise a short opportunity is presented at the moment to ride the potential downside. Has been forming lower highs since June last year as seen in downward sloping line and eventual break of horizontal support at 6.95.

Stop loss at 6.84 for CFD Short positions

 

********* Downside on breakdown: Semb Mar. Share price 4.07. ( Needs to stay above 4.00 now or can head lower) - REPOST , NOW 3.94

REPOST – NOW AT 3.94, still a sell on weak market……

 

Sent: Wednesday, January 29, 2014 2:50 PM
Subject: ********* Downside on breakdown: Semb Mar. Share price 4.07. ( Needs to stay above 4.00 now or can head lower)

 

Semb Mar has been trading above the 4.10 CRITICAL support level which has held for more than 2 years since January 2012. For the past few days we have seen it test this support again on market weakness and seems like it is not holding as well as it should be like the rest of the time over the 2 years. Today’s low at 4.07 currently and yesterday low at 4.06 would probably set a temp support before 4.00 psychological support level. A break below 4.00 would be a confirmation and target can be to 3.65 – 3.70 range. Aggressive traders can consider short positions to ride the downside if it does not climb back up above 4.10. Those looking to accumulate again for long can enter below the 3.75 level if it does dip.

Stop loss 4.13 for CFD Short positions

 

********* SELL on breakdown: CapMallAsia. Share price 1.715. Monitor for break of support. - REPOST

REPOST – now at 1.70, , see whether the support breaks down convincingly….

 

 

Sent: Monday, February 03, 2014 11:51 AM
Subject: ********** SELL on breakdown: CapMallAsia. Share price 1.715. Monitor for break of support.

 

Potential sell trade if 1.70 support does not hold. Target to 1.60 then 1.55 first. Has been trading above the 1.70 support level for more than a year already and it is nearing is again with low today at 1.71 currently.  Buyers are stacked there at the moment but more downside if they get taken out eventually. Watch for sell opportunity if market weakens and support breaks

Stop loss at 1.72 for Short positions on breakdown.

 

******** Next Potential Breakdown: GLP. Support at 2.80 tested. CFD SELL Play - REPOST

Support broken as mentioned previously, CFD SELL OPPORTUNITY…… NOW 2.77…..

 

 

Sent: Wednesday, January 29, 2014 3:42 PM
Subject: ******** Next Potential Breakdown: GLP. Support at 2.80 tested. CFD SELL Play

 

GLP is currently testing its 2.80 psychological support after the 2.83 did not hold today. Low today currently at 2.79. Can see huge buyers at 2.78 at the moment where it would be a temp support level. Potential downside if the 2.78 buyers get taken out, where we can see downside to 2.74, 2.70 then 2.62 level. Note that it has also traded below the 200 DAY MA dotted blue line over the past 2 days on a weaker market which can also signal some change in trend to the downside.

Stop loss at 2.83 for CFD Short positions

 

 

 

********* Buy on Dips: Hankore. Support at 0.108. (Positive near term as long as it holds) - REPOST

Still a buy as long as 0.108 holds……… NOW 0.112 which is immediate resistance to clear first….

 

 

 

Sent: Monday, January 27, 2014 5:05 PM
Subject: ******** Buy on Dips: Hankore. Support at 0.108. (Positive near term as long as it holds)

 

Possible to accumulate Hankore from 0.108 to 0.110 as it nears the critical support again. A play on rebound back to 0.120 to 0.125 level which is the resistance set in Jan. Including today support has held for about 3 times after testing it already. Short positions on breakdown.

Stop loss at 0.106 strictly as support have been broken at 0.108.

 

*********** SELL: Genting SP. Share price 1.39. (Can it stay above 1.40 ? ) - CFD Sell trade only. (REPOST)

REPOST

 

Sent: Thursday, January 30, 2014 9:40 AM
Subject: *********** SELL: Genting SP. Share price 1.39. (Can it stay above 1.40 ? ) - CFD Sell trade only. (REPOST)

 

Still a SELL as Temp support at 1.38 broke today too………………

 

 

Sent: Tuesday, January 28, 2014 4:38 PM
Subject: ************ SELL: Genting SP. Share price 1.39. (Can it stay above 1.40 ? ) - CFD Sell trade only.

 

Genting has broken below the 1.41, 1.40 support which it has held since September 2013 last year. More downside can be possible if it does not stay above this support level. As long as 1.40 remains as new resistance level, near term bearish with downside target to 1.35 to 1.30. CFD Sell trade opportunity as a result. Temp support at 1.38 which is today’s low also, a break below this can see it go to 1.35 fast.

Stop loss at 1.42.

 

*********** Sell on Potential Breakdown: Yanlord. CFD SELL. Can next support hold ?

Yanlord has broke immediate support at 1.12 last week on a weak market. Can the critical psychological level at 1.10 hold now? Potential downside to 1.00 if it breaks down. Quite a clear BEARISH head and shoulder pattern formation with neckline at 1.15 broken previously. An opportunity to sell on break of support for more downside.

Stop loss at 1.13 for CFD Short trades

 

 

********** SELL on breakdown: CapMallAsia. Share price 1.715. Monitor for break of support.

Potential sell trade if 1.70 support does not hold. Target to 1.60 then 1.55 first. Has been trading above the 1.70 support level for more than a year already and it is nearing is again with low today at 1.71 currently.  Buyers are stacked there at the moment but more downside if they get taken out eventually. Watch for sell opportunity if market weakens and support breaks

Stop loss at 1.72 for Short positions on breakdown.