********* Still in upward Consolidation phase (BUY): OKH Global. Share price 0.67.

Following up from previous BUY call made last Wednesday on 4^th September 2013. OKH has indeed broken out above the Critical 0.600 fast and headed higher to a new consolidation phase. Support would likely be at 0.65 for now which was the previous resistance level. Possible to see it consolidate from 0.65 to 0.700 in the coming days given the huge run up we have seen last week. It could still be consolidating within range so as to attempt to test the resistance of 0.700. Can trade this range and average up on a breakout above 0.700. As long as 0.65 holds as new support level, we are still bullish on this counter and will continue to ride the uptrend till it proves otherwise. A break above 0.70 can pave the way to 0.74 fast like we saw when it broke 0.600. Move trailing stop loss upwards along the way for long positions.

Stop loss 0.635.

 

****** Potential Upside: Halcyon. Share price 0.81. (Broke Psychological 0.800)

Halcyon has broken up above the 0.800 psychological resistance today after testing it for the past 2 days. Has been trading below this level for almost 2 months now. Next resistance to watch will be the 0.83 level which was the high tested in July before it dipped back down. As long as 0.800 is a support, a rise towards 0.83 and even 0.900 seems likely. Currently at TOP 30 Volume on breakout which can signify interest returning again. A break above 0.900 can see it go back to the 1.00 which was around the high set in June 2013.

Stop loss at 0.785.

 

UOBKH – 10 SEPT 2013

 

******* Trading Buy on Breakout: Tritech. Share price 0.695 . ( Immediate resistance at 0.71, after that, free to go)

Short term trading buy if the 0.71 and 0.715 resistance clears out, target to 0.74 to 0.76 first. Top 20 Volume seen currently and it has tested the Psychological 0.700 resistance last Friday but failed to break above. Today we have seen buyers coming back again attempting a more convincing breakout, high seen at 0.71 again today. More potential short term upside if the 0.71 and 0.715 clears out completely. Mainly a short term momentum trading play for aggressive traders with strict stop loss.

Stop loss at 0.69 for breakout plays.

 

******** Trading BUY: Yangzijiang. Share price 0.975. ( Broken out of consolidation)

Yangzijiang has surprising cleared the 0.97 immediate resistance level today with a high set at 0.99 as of now. This 0.97 level has been resisting upward movement since Jan this year.  Likely to see some upward momentum going forward in the next few days if it manages to stay above 0.97. A breakout above Critical 1.00 psychological resistance level can see it rise quickly to 1.05 or 1.09 level.  That was the breakout attempted in Jan 2013 before it dipped again. Possible to average up on this break out of 1.00 with CFD Buy stop orders at 1.005 to 1.015 to catch this breakout.

Stop loss at 0.955 nevetheless.

 

******* STI Direction ? Let's see how the market can go from here.........

STI has been trading in the range of 3000 to 3060 for more than a week already. Critical support for the market is currently at 3000 level, it tested it and went below briefly last week before rebounding back up above 3000 support. As long as 3000 remains as the support, market still remain ripe for a rebound back up so it is still possible to accumulate on dips strong blue chips when STI nears 3000 support level. However this is of the view that the support holds which may not be the case also given the uncertainty so always prepare more bullets in case it dips lower. (Don’t bargain hunt all at one shot). Some of the uncertainties and key risks in the markets are: Possibility of a U.S.-led strike against Syria, and U.S. President Barack Obama facing growing pressure at the Group of 20 summit in Russia not to use military force and smaller Fed stimulus due to the underlying strength in the economy (due to strong economic data in the past few weeks). As long as 3000 is a support a rise towards 3060 and 3100 seems likely, a break below 3000 convincingly would open the way to 2930 to 2950 level. 2930 support level was holding really strongly in July and November last year so we can expect a technical rebound from there followed by consolidation so can consider accumulating further from there if 3000 does break down.

 

****** Impending Breakout: Vard Holdings. Share price 0.885. (Buy Entry triggered on breakout above 0.900)

Vard has been trading below 0.900 for about 2 months already after the huge sell down when it broke Critical 1.00 support in July 2013. Has consolidated upwards slowly since end July when it was below 0.800. Have seen it test the 0.900 critical resistance 2 times already over the past month but failed to cross above each time. A slight Ascending triangle pattern formation seen currently and any break up above 0.900 horizontal resistance can see it go to 0.96 to 1.00 quickly. Nobody knows when it will happen so best to plan entry on breakout, monitor closely or set CFD Buy Stop orders to catch it ! High today seen at 0.895. Huge sellers stacked daily at 0.900 so far.

Stop loss at 0.885 on breakout entry.

 

Maybank KE – 5 September 2013

Vard Holdings: Waiting to Re-rate; Upgrade to Buy, TP $1.12

Ø  Upgrade Vard to BUY (from Hold) with higher TP of SGD1.12 pegged to 8x PER on average FY13-15F earnings. In our opinion, current share price has more than priced in the execution issues in its Brazil yards.

Ø  Leading OSV owners who are key clients of Vard have expressed high levels of optimism in long-term OSV demand. Vard’s 2013 order wins have also reached our initial expectations and we believe that further order wins would set the stage for a positive re-rating.

Ø  Our scenario analysis suggests a bull/bear case TP of SGD1.48/0.80, which makes a compelling investment case based on risk-reward trade-off.

 

******* Consolidating now: Rowsley. Share price 0.58. (Waiting for the next up move..... Let's see if the 0.600 clears soon)

Following up from previous BUY call made on Tuesday 3 September 2013. Rowsley will most likely consolidate from 0.54 to 0.59 region before attempting another breakout above 0.600. High this week was 0.600 which it tested on Tuesday also but failed to break above. Possible to accumulate on dips as long as it stays above the support at 0.54 to 0.55. Trade this range and hold some long positions to prepare for a break above 0.600. As long as 0.54 is a support, a rise towards 0.600 and even 0.64 seems likely, a break below 0.54 would open the way 0.500 psychological support. Can consider averaging up on the break of 0.600 and take profit from 0.64 to 0.65 with a higher stop loss at 0.59.

Stop loss at 0.53 for long positions now.

 

****** Monitor Closely: OKH Global. Share price 0.595 (Impending breakout at 0.600)

Following up from Last Tuesday Trading Buy call on 27^th August. OKH has traded in the range of 0.54 to 0.59 for about a week. Critical resistance stands at 0.600 currently where there are a lot of seller stacked at the moment 5740 lots to be exact. High today is also at 0.600.  A break above 0.600 can open the way to a new upwards consolidation phase which this counter has been breaking above each time. Aggressive traders can consider averaging up on the break out with target set at 0.64 to 0.65 on the near term. Note that buyers will be fast to grab the 0.605 and 0.61 level on a successful break out so possible to put CFD Buy stop orders to catch the opportunity.

Stop loss at 0.58 for long positions on break out.