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Friday, November 14, 2014

*********************** Singpost: Rebounded from last Friday call, 1 week on, what's the view now?

Price at 1.945 now, should you still hold on or take profit?

Sent: Monday, October 27, 2014 9:25 AM
Subject: Follow Up ********************* Bullish Setup: Singpost - Potential upside ABOVE 1.90 Resistance... price 1.97

Has broke above 1.90 convincingly as per previous BUY CALL. Likely to test 2.00 resistance level next. May consolidate from 1.95 to 2.00 before more direction. For those who have already taken profit, can consider accumulating on dips again above 1.95. J

Sent: Tuesday, October 21, 2014 9:11 AM
Subject: Follow Up ********************* Bullish Setup: Singpost - Potential upside ABOVE 1.90 Resistance... price 1.905

From previous BUY CALL, signpost has consolidated from 1.80 to 1.90 for more than 2 weeks. Note that any breakout above 1.90 resistance level can signal a new upward phase to test 2.00. Have been trending upwards above the channel support line since April and long term uptrend still in place with 200 DAY MA line still sloping upwards gently. Breakout above 1.90 can pave the way to 2.00 fast. Stop loss at 1.885

**************************** Bullish Setup: Hankore Env - Breakout seen coupled with Takeover news of peer... price 0.955 (NOW 0.99)

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Thursday, November 13, 2014

***************** REX - Bearish SETUP - A SERIES of sell calls see it down to OUR 0.400 TARGET LEVEL NOW..... where to now ?

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Sent: Tuesday, October 28, 2014 9:58 AM
Subject: Follow Up ******************** REX - Bearish SETUP - BREAKdown of immediate 0.475 support level can open the way to more weakness... price 0.48

Rex has traded back down below 0.500 psychological support again in a sign of weakness. Next support will at 0.475, not that it can head lower to 0.40 if this support breaks down as well. Resistance at 0.535 level, as long as still trading below this level, still a short term negative. 20 day MA Line still trending downwards at the moment.

Sent: Thursday, October 16, 2014 9:21 AM
Subject: Follow Up ******************** REX - Bearish SETUP - BREAKdown of 0.500 support level can open the way to more weakness... price 0.49

FROM yesterday calls, REX has indeed broke the 0.500 critical support level today. It is currently at an all time low where we can see the downside momentum continuing. With 0.500 as a resistance now, we are bearish unless it comes back above. CFD SELL call with entry from 0.485 to 0.495 can be use to ride the downside to 0.45 then 0.40. Buy stop los at 0.515.

Sent: Wednesday, October 15, 2014 9:25 AM
Subject: Follow Up ******************** Back to critical support: REX - Careful of breakdown of 0.500.... price 0.515

From previous buy call, Rex has indeed traded higher before retracing downwards on a weaker market. It has broke the 0.53 immediate resistance today on strong volume which might not be a good sign. Range would now be 0.50 to 0.53. Note that as long as 0.53 stays as new resistance, more downside still like especially if 0.500 CRITICAL SUPPORT breakdown. Can consider CFD SELL positions on this. Both MACD and RSI trending downwards with no sign of reversal as of yet. Reasonable downside target would be 0.44 then 0.40 which is a new trading low. Cautious LONG POSITIONS !

******************** Biosensor: Slight rebound then back down as anticipated...... BACK TO 0.600 SUPPORT LEVEL....

As mentioned yesterday, Biosensor still remains bearish after a slight rebound and is back to 0.600 support level, the question is can the 0.600 hold now ? If not then what ?