Saturday, 17 March 2012

19/03 - 23/03

Continue to watch
1) NOL - Breakup from the symmetrical triangle but facing resistance of 1.475.
2) STX OSV - Break up from resistance of 1.76 with high vol.
3) Sakari - Head & shoulder still forming.
4) CityDev - Haven breakup/breakdown from the long white candlestick.
Their charts has been posted on Thurs night, thus I'm not posting it again.
Will be highlighting other counters.

Genting SP
Genting SP shown a shooting star candlestick with avg vol.
Currently Genting SP is resisted by the 200MA.
Genting SP is also forming a very big symmetrical triangle - breaking up/down will show its true mid-term direction.
In the short run, watch for confirmation of the shooting star on Monday. And cut loss will be above 200MA.

GLP
GLP catch my attention with his unusual high vol on Friday.
Also, a shooting star look alike candlestick is shown.
GLP cannot not close below 20MA, else more selling pressure will kick in.
Those vested in longs, set a trailing stop loss.
For those looking to short, watch for confirmation on Monday.

SIA
SIA is still trading within the range of 10.5 - 11.1.
On Friday, another hanging man candlestick is formed.
Watch for confirmation on Monday to short.
Cut loss region will be above 11.1.

No comments:

Post a Comment