Showing posts with label Noble Grp. Show all posts
Showing posts with label Noble Grp. Show all posts

Tuesday, 11 September 2012

Some charts.



DBS broke out of the downward channel and on a larger scale looks like a bull flag.









OCBC is also similar to DBS and has a good support at its 61.8%











UOB looks slightly weaker compared to DBS and OCBC. Watch out for resistance level I have highlighted.






For Singtel I choose to use a line chart because the pattern looks exactly like a mountain and already falling. The 3.25 level could be a support for a short-term rebound.


The following chart is Noble Group. The long-term downward sloping resistance could be strong. Advise is to look to take some profits off.







The two charts are for Gold and Silver on daily. They already broke out of the descending triangle line and looks like going to turn higher in the long-run.

Saturday, 21 January 2012

20/01

Dow Jones
When Dow Jones(DJ)  has successfully break up of the long-term downward sloping trend line (Blue Line), it was a signal to be ready to long.

Currently, it has broke the support turn resistance trend line (Red Line). If this line can support DJ, it would mean that DJ will be in a long-term bull run.

Actions: Long near the support (Red Line) & cut loss if it breach the support with high volume.

Noble Group

Noble group has broke out of its trading range with increasing volume. Now noble is facing a resistance at around 1.29 which coincides with the fibo 38.2. Noble has a big gap to close, which will be very difficult.

Watch out for the 100ma which could be the next strong resistance level.

Action: Watch for any pullback to 1.23 to long. Cut loss will be below the upward sloping green line.'

SembCorp
Sembcorp is on a great momentum and has broke the support turn resistance trend line (Purple line). It has a strong resistance at around 4.75 which is near the fibo 78.6. 

But it has formed a hanging man look alike candlestick on Friday. If next Wed it has a bearish candlestick, it would mean a short signal. If SembCorp is to break the two lines (Purple & Red), it will have lots of selling pressure.

Action: Wait for bearish candle then short. Target Price for short is near the purple line. Cut loss will be around 4.6 which is the high of the hanging man. Do note that this action will be higher risk cause you're going against the strong bull trend in STI.