**** Trading Buy: Ying Li. Share price 0.475.

Ying Li has closed above the 0.47 resistance yesterday which it has consolidated below since 4^th Mar 2013 for about 3 weeks. It has also pierced above the 20 DAY MA (Green line) yesterday on the breakout. Currently day high today is 0.48. Resistance has now turned support at 0.47. As long as 0.47 remains as the new support level, short term upside to 0.500 is possible. A break above 0.500 psychological resistance can pave the way to the 0.54 region which was the high in Feb last month. A stronger volume on the rise will be more positive  for short term traders.

Stop loss at 0.455. 

 

Monitor Closely: Genting SP. Share price 1.505.

After breaking above the 1.47 temporary resistance level at 1.47 yesterday, Genting has surged quickly to test 1.50. Currently has broken this psychological resistance and more upside can be seen to 1.55 if it manages to stay above 1.50. Short term target to 1.55 first. A break above 1.55 can see it go to 1.50 to 1.60 fast. At this 1.505 level, you can see that it has just crossed above the 20 DAY MA (Green Line) which can signal that short term uptrend is in placed.

Stop loss at 1.485.

 

 

Tading Buy: Midas. Share price 0.535.

Midas has broken above the 0.53 resistance, now at 0.535. Has been consolidating below for more than a month. Tested a total of 4 times and finally crossed above today. Short term target to 0.58 possible.

As long as 0.53 remains as the new support, we are bullish. A break above 0.58 can pave the way to test 0.600 quickly.

Stop loss at 0.52.

 

 

Trading Buy: Ezra. Share price 1.15.

Ezra has shown some signs of rebounding after clearing the 1.14 critical resistance level it has consolidated below for about a month. Near term target price at 1.185 to 1.20 possible. As long as 1.14 remains as the new support, more upside entails. A break above psychological 1.20 level can see it go to 1.24 fast. It has crossed above 20 DAY MA three days back which can signify near term upside potential. Note that recent high in Jan was about 1.35 level.

Stop loss at 1.125

 

**** Monitor Closely: NOL. Share price 1.200.

NOL is currently testing the critical 1.200 psychological resistance level at 1.20 which it has stayed below for about 1 month. Day high is 1.205 currently. Still not a convincing breakout at this level. A trading buy if the 1.205 to 1.215 level get taken up fast. IF that happen, a new support level at 1.20 can be found and we are bullish as long as 1.20 remains as support. Note that 2 days back, it has crossed above the 20 DAY MA (Green line), which also possibly signifies a short term uptrend is in place. Target price from 1.25 to 1.28 level.

Stop loss at 1.18

 

Short term Trading Buy: WE Hldg. Share price 0.078. ONLY for the strong Hearted and Discipline short term traders. High Risk High Gain.

WE Hldg has broken the 0.075 temporary resistance and buyers started eating up the sellers quickly. Recent high was more than 0.15 in End Feb 2013.  Possible to head quickly to test the 0.09 level. A break above 0.09 can lead it to 0.100 quickly. Look at the gap it can close to 0.12 level. TOP volume seen currently. Very Speculative place, so please be careful and take profits when necessary.

Stop loss at 0.073

 

Monitor closely: Tiger Airways. Share price 0.705.

Tiger Airways has been trading below the 0.700 resistance for about 2 weeks since 5 March 2013. Was consolidating from 0.68 to 0.70 for the past 2 weeks (Just a small 2 cents range). Price now at 0.705. Has crossed above the immediate and psychological resistance at 0.700. Volume needs to be stronger and must stay above 0.700 for more upside momentum. As long as 0.700 remains as the new support level, short term upside to 0.73/ 0.74 region seems likely. Note that at this 0.705 price level, it has crossed above the 20 DAY MA, which is also a short term bullish signal. Recent high in Jan 13 was 0.785 fyi.

Stop loss at 0.69.

 

STI DIRECTION ? Let's have a look......

Following up from previous analysis made on 13 March. Sti has since came down to a low of 3248 and rebounded slightly. Sti now at 3263.

STI range is clearly from 3240 to 3320 for about 2 months already till today. STI index has tried testing the 3320 critical resistance level again but failed to break above it. Sti is currently down 4 points, 10.23am – 22 Mar 2013.

STI will most likely continue to trade in this 80 points range until we see a strong positive catalyst from US, China and Europe to break above the key resistance level.  

Possible to consider accumulating some blue chips on the dip when the STI near the 3240 immediate support level. Trade the range and take profit when Sti nears the resistance level at 3320.