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.

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