STX OSV

Some reviews

I called for STX OSV short last Thurs and believed some of you shorted.
I'm not vested.
WHY?
Not that I'm not confident of this call but those who followed me on Skype knows that I don't trade the stock market anymore.
That's why I seldom make a call on stocks counters.
Only DJ30 & FX Majors.

Those who followed the other short also should have made some money or still ITM will be the Capitaland short entry if 2.92 breaks.
And I saw the 5mins chart today that the 2.92 became a resistance after breaking.

Do check my Observations & Tips page (can be found near the top of the page) frequently for my calls.
And I will post good potential trades as well as what counters to watch when there are signals showing.

All the best to all. :)

STX OSV & Alcoa request

STX OSV has a good support at 1.43.

Ranging between 8.2 to 9.
Currently at support.

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.

Hi-P & STX OSV - requested by PK

Hi-P

I can't really say much on Hi-P but the vol is decreasing means buying pressure is low.
It's facing major resistance of 1.04 which is previously a strong support.

STX OSV

As mentioned last week Thurs, if STX OSV is able to break 1.76 it can move higher.
http://tradeforthebetterfuture.blogspot.com/2012/03/150312.html
Currently, it is facing another small resistance at 1.82 (probably because market is trending sideways).
But do watch for support at 1.76, if this breaks it could mean slight bearishness.
Note: This counter is bullish in the long run. Shorting is must be fast to take profits.

15/03/12

I got home early and so decided to post some charts. Have been really busy and didn't have time to post any charts.

As highlighted during last weekend that NOL is forming a symmetrical triangle.

Today, it broke out and close above the triangle.

Watch 1.515 closely, if it's able to break then maybe potentially it can go towards 1.6.

 For Sakari, it is supported by the upward trending line (purple line).
But if it breaks the purple line (neckline), it has great potential to fall sharply because of the head and shoulder pattern forming as well.
Thus, the purple line is very crucial.

 For CityDev, it has been trading within the long white candlestick formed last Friday.
The levels are critical. Breaking either levels will determine its direction.

STX OSV as highlighted, it has the purple line as support and it managed to run higher after touching it.
Watch carefully for resistance level for 1.76.

STX OSV - Requested by Uta

STX OSV

STX OSV is a bullish counter in the long run.
Can look to long along the purple upward trending line.

STX OSV wasn't a good call I admit.

And its bullish engulfing candle today means a bull call.

Support at 1.59 (mentioned on Singstocks cbox previously) seems strong.

Wilmar

Wilmar has been falling quite rapidly for the past 1-2 weeks.

Today a doji star is seen which COULD be a reversal point. (Doji star is one of the weakest signal to rely on)

But watch for the pattern drawn.

It is a Morning Star Pattern which means signal of turning.

DBS

For DBS, there's also the probability of a morning star pattern forming.
However, as compared to Wilmar, DBS has lesser potential as the pattern is formed near the top.
Nevertheless is still a possible formation.

*There is possible morning star pattern forming for a few counters.
So you may want to put it inside your watchlist.
I'm not gonna post their charts cause I'll be just repeating myself.
Counters: Sembmar, Sembcorp, Kepcorp. (When I was posting this, I realized all are marines. Could mean something)

06/03/12

Massive profit taking kicked in today. Many had missed the shorting opportunity.
I did highlight about shorting shipping counters. It didn't bring in extraordinary profits but at least some great profits.

Well, so what next?
Of course look to long when prices are coming to a good support. Market is still bullish, many speculators are looking for a good opportunity to long.

I won't be posting any charts for this blog entry cause most of the charts are with a super long black candle which means bearish.
Will just highlight some counters.

STX OSV - http://tradeforthebetterfuture.blogspot.com/2012/03/watch-stx-osv.html
STX OSV still have potential to go lower. So if you have missed the boat already, then this is the counter you may want to consider.

Wilmar
Those looking to long Wilmar, watch for 4.84 level. This level should be strong for now.

SIA
I have been mentioning SIA for many times. SIA was always a shorting target to me (as long as it doesnt break 11.1).
SIA is coming to a support of 10.5. Those interested in longing watch for this level.

Sakari
I did have a bull call on Sakari but the point Sakari breaks 2.60 means trouble.
I did alert traders in singstocks.
Well, this counter has a support of 2.34 (prior rising window resistance), which is near the fibo level of 38.2.

STI levels to watch - 2920 then 2880.


There are too many counters to highlight. I try to highlight those that have greater potential.
Post your requests and I shall analyze it for you. :)

2/3/12

Watch STX OSV

STX OSV has been consolidating within the Monday's long black engulfing candle.
This is the same pattern spotted in DBS 2-3 weeks ago which DBS broke up and went higher.
If STX OSV were to break up, it will go into the 1.8 region.

For now, it still looks bullish as mentioned on last weekend that a bullish pennant could be forming but it is really taking some time to break higher.

Level of 1.625 is a level that cannot be broken else major profit taking might kick in.
Because it will break down the 20MA as well.
If it were to break down, STX OSV might find support at around 1.5 region.


NOL

NOL previously gapped down and consolidated and spike up today with slightly higher vol.
Those vested watch for resistance levels between 1.4 to 1.425 which coincides with the 20MA.
If NOL is able to break this resistance region, chances it will go and test the recent high of 1.515 again.

Careful of OLAM

Those vested in Olam please be careful.
Knowing that it has been beaten quite badly for the past 2 weeks and retailers are buying for a rebound.
In the psychological point of view, its not wise to play for rebound as BBs may whack it harder to make weaker holders cut losses.

An evening star pattern is formed - highlighted by the yellow circle.
Symmetrical triangle is forming. Breaking up or down from this triangle show its true direction.

Be Careful!!

Sakari must set trailing stop to protect your profits.

As black hanging man is seen today.

For SGX and STX OSV it hasn't broke out for the last 2 trading days.

So chances is high that it might bearish.

Anyway, entry shouldn't be done yet for both of this counters.

Watch DBS closely.

DBS is unable to break the 14.2 resistance.

However, today was an bullish engulfing candle but notice the vol, its quite low.

So it can still be on the bearish side.

Week 27/02 - 02/03

BULLISH COUNTERS

Sakari had managed to breakout and successfully formed a bullish flag pattern.
It also managed to close slightly above the Fibo 61.8% on Friday.

Watch closely at 2.89 price level which is a very strong resistance level because
1) The percentage increase before the consolidation - blue arrows
2) Coincide with the Fibo projections - green lines
3) Coincide with the Fibo levels of 78.6% - purple lines
*Cut loss with be below 2.60 level.

SGX is consolidating and a bullish pennant could be formed.
Resistance to watch will be 7.35 which coincides with the Fibo 50%.
Long on breakout with vol.
Target price will be $8.15 which coincides with Fibo 78.6% and matches with the percentage change.
*Cut loss level will be below 7.08.

STX OSV could be bullish flag in the making.
Resistance to watch will be 1.755.
Long on breakout with vol.
As STX OSV is quite a new counter so TP can't really be derive.
But in terms of percentage we can look to TP at 1.90.
*Cut loss below 1.62 



BEARISH COUNTERS

DBS had been consolidating at falling window resistance of 14.2 - 14.48.
Signs of a trend reversal are shown by the hammers formed on Tues, Wed and Friday.
But confirmation are needed.
Note: If DBS will be break 14.2, it could be closing the falling window which will make DBS bullish.