Wednesday, May 4, 2011

GALLANT CHART - has crossed above yesterday high of 0.435.... Now at 0.44.....

Strong BUYING interest despite of overall weak market sentiments.... Target to 0.46... Can consider to buy some at 0.44 and take profit and 0.46.. Note that the HAMMER candlestick pattern was seen yesterday which might signify a reversal of the downward trend...

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WILMAR CHART - wait to below 5.05 to accumulate.... Falling commodities prices weighing on commodities counters and broad market...

5.00 support, bargain hunt nearer that level for potential rebound... back to 5.40...

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ST ENGIN CHART - Trading again at the lower end of the range... Range is from 3.10 to 3.30......

Counter has been trading sideways for more than a year already..... relatively stable counter...

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KEPLAND CHART - heading towards 4.00 support.... Bargain hunters can try to get some below 4.05 level....

This support was tested about 2 times and did not fail...

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NOBLE GROUP CHART - Support at 2.14 seems to hold very strongly...

Touched this support yesterday and bounced back  up, can try to catch the rebound from this support !!! Possible to get some from 2.14 to 2.16... to trade back to 2.24 first...

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GENTING SP CHART - Probable to test psychological support at 2.10 and head to 2.06 next support....

Be cautious, can try to get some on the dips from 2.06 to 2.08 level and take profit for any rebound....


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