Week 09/04 - 13/04

I will just be doing analysis on STI only because I have many requests of charts this week. So hopefully one of the counters is one that you're monitoring. :)
Do note that since there will likely be a gap down on Monday, it will showing the support levels of individual counters. And some counters there isn't much to say about it.

STI

STI is unable to break the strong resistance of 3036 and a triple top is seen.
STI have a strong support at the 2905 levels which was previously a stronng resistance last year.
If 2905 doesn't hold, we will have the support level of 2876 which is the 50% Fibo level, which also coincides with the 100MA as well as the 200MA.

DBS

DBS managed to close above the 50% Fibo level on Thurs.
However, if selling continues (highly possible), DBS will be facing a critical support level of 13.06 which coincides with the 100MA.

Wilmar

Wilmar did 2 times fake breakout for last month.
The resistance to watch out for will be around 5.02.
It has broken its support of 4.84 and will be testing its next support of 4.77.

F & N

F&N has very nice upward sloping support trend line (purple line) and on Thurs it managed to close just above this support.
If F&N were to break this trend line support, it might find support at around 6.48.
This counter remains bullish in the long run.

KepCorp

KepCorp is still unable to break its critical resistance of 11.1 with a ascending triangle is forming
Support to watch will be the purple trend line.
If the purple trend line doesn't hold, we will be looking for at 10.2 for support which will be the 61.8% Fibo level and also coincides with the 100MA.

CityDev

CityDev is still having problems break the 11.3x resistance and go higher.
On Thurs, it managed to close above the ascending triangle support & also the 61.8% Fibo level.
Next support to watch out will be 10.34 which is the 50% Fibo level and the 100MA & 200MA might be moving up to support CityDev as well.

Kepland

Kepland has broke down of its upward sloping trend line.
A H&S pattern seems to be in play also.
Next support to look out for will be around 3.29 which coincides with the 50MA.

Capitaland

Capitaland support to watch out for will be 2.96 which coincides with the 50MA.
Next support will be around the 50% Fibo level of 2.83-2.86.

CapMallsAsia

Supports level to watch out will be 1.54 (coincides with 50MA) then 1.455 which will be a previous strong support.

China MinZhong

Previously CMZ got resisted by the 200MA and came lower to support at Fibo 50% level.
If CMZ is break below 0.97, its likely that it will test support of 0.94 (100MA) then 0.905 (Fibo 38.2).
If CMZ is able to break above the 200MA and hold above, it will test the previous high resistance of 1.175.

UOL

UOL has been trading with a range of 4.64 to 4.84.
On Thurs it managed to close above the 50MA.
If UOL managed to breakdown of the trading range, the next support to watch out will be around 4.5 which will be the 50% Fibo level and coincides with the 200MA.

SunVic

Currently, SunVic is consolidating around the 78.6% Fibo level.
Going up, SunVic will be facing the falling window resistance of 0.435 to 0.465 (also the 50% & 61.8% Fibo levels)

Sound Global

Sound Global is currently at strong support with the upward sloping trend line (purple line) and the 100MA as well as the 200MA acting as a support for Sound Global.
If this support breaks, its likely that a strong selldown might occur and may test support of 0.55 level (50% Fibo).

Remember I highlighted the unusual high vol occurring in Big Caps and something big is going to happen last weekend.
Looks like it was for the worse and not for the better.
After 5 days, looks like we will witness a strong selldown on Monday.
Of course we do hope that the market will digest the news by then.