SIA request

19/03 - 23/03

Continue to watch
1) NOL - Breakup from the symmetrical triangle but facing resistance of 1.475.
2) STX OSV - Break up from resistance of 1.76 with high vol.
3) Sakari - Head & shoulder still forming.
4) CityDev - Haven breakup/breakdown from the long white candlestick.
Their charts has been posted on Thurs night, thus I'm not posting it again.
Will be highlighting other counters.

Genting SP

Genting SP shown a shooting star candlestick with avg vol.
Currently Genting SP is resisted by the 200MA.
Genting SP is also forming a very big symmetrical triangle - breaking up/down will show its true mid-term direction.
In the short run, watch for confirmation of the shooting star on Monday. And cut loss will be above 200MA.

GLP

GLP catch my attention with his unusual high vol on Friday.
Also, a shooting star look alike candlestick is shown.
GLP cannot not close below 20MA, else more selling pressure will kick in.
Those vested in longs, set a trailing stop loss.
For those looking to short, watch for confirmation on Monday.

SIA

SIA is still trading within the range of 10.5 - 11.1.
On Friday, another hanging man candlestick is formed.
Watch for confirmation on Monday to short.
Cut loss region will be above 11.1.

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. :)

Week 20/02 - 24/02

STI has shown weakness for the past few candles - hovering around the Fibo 61.8%.
Watch for the turning point for STI.
I can't say for sure that STI will turn but the probability is extremely high for a correction next week.
STI could be consolidating to move higher too, so trade with a plan.

SIA is a super weak counter. The highlight region will be acting as an island resistance.
If market turns down, chances it may go lower to find support at 10.5.
But do be careful of critical resistance level of 11.1, if it is breached with high vol, do cut loss.

Indoagri shown a long tail shooting star on Thurs with high volume.
This counter could be in for a turn to the downside.
Cut loss level will be above 1.675.

GLP has shown a breakout from 2.04 resistance level and today moved up with vol.
It has a bullish flag pattern formed. It can move higher to around 2.14 using the fibo projections.

Charts tells everything.