Week 02/04 - 06/04

Scroll to the bottom of this post for a crucial information. :)


STI

STI has been consolidating and trading within a range for the past 1 month plus.
STI is still well above the 20MA which means the market remains bullish.
Most likely if STI breaks below the 50MA, it will mean a change of trend.
For now, nothing much can be derived from the charts.


HSI

HSI could be moving in a channel with critical support of around 20200 levels to watch out.
It could also have a descending triangle pattern forming but its still too early to confirm this formation.
If HSI were to breakup/breakdown of the parallel channels, it could show its direction.


Yanlord

Yanlord recently bounced off its support of 1.24 which was a previous strong resistance.
Currently, Yanlord forming a descending triangle (watch red lines).
Yanlord also has a mid-term upward sloping trend line support (purple line), which is also close to the 1.24 level.
Conclusion will be that the level of 1.24 is very critical for Yanlord.


Cosco

Cosco has been resisted by its 200MA for 1 month plus.
Currently, a descending triangle is being formed in Cosco.
Support to watch out for will be around 1.12 level.
A bullish signal shown will be that its 50MA recently cut above its 200MA.


YangZiJiang

YZJ is consolidating around the 1.325 level which coincides with the 20MA.
YZJ has a good support at around 1.215 level.
As for now, nothing much can be derived from the charts except that the 50MA is running up to act as a support.


Hi-P

Last week I highlighted that Hi-P is facing major resistance at 1.04.
http://tradeforthebetterfuture.blogspot.com/2012/03/hi-p-stx-osv-requested-by-pk.html
True enough it was not able to break the resistance.
In terms of Fibo Projections, it has a resistance of 1.04 as well.
Currently, it could be supported at around 0.97 level.
My speculative view: If Hi-P is able to bounce of 0.97 support it has good potential to go to 1.095 level.
Disclaimer applies.


STX OSV

STX OSV is still consolidating within in a tight range as mentioned last week.
http://tradeforthebetterfuture.blogspot.com/2012/03/hi-p-stx-osv-requested-by-pk.html
STX OSV is supported by a upward sloping trend line (green line).
This counter remains bullish in the long-run.

CWT

CWT is currently consoliodating.
Levels to watch out will be 1.26 and 1.32 for either breakup/breakdown.

Something big is going to happen soon. WHY?
Watch those big caps - DBS, OCBC, UOB, Kepcorp, SGX, Sembmar, Sembcorp, CityDev, SIA.
They have unusual high vol on Friday.