Laughing at myself

I happened to see this notes from two weeks back.
The counters are as follows:
1) Sakari
2) SembMar
3) KepCorp
4) Golden Agri

If I followed this plan, my Taiwan trip expenses will be covered already. :(

But looks like my trial method is usable after many testing in stock market.

Shall put into use for FX. 

Technical Analysis is fun!!

Currently, I'm working on my FX Trading so I'm really watching the stock market.

I know almost all counters rallied quite abit yet I missed it.

However, on Monday I called for Sakari possible long on my blog side tab.

Both charts are Sakari on Daily & Weekly. See the lines draw and learn from it. :)

I'm not saying my TA is good but at least this is one of the basis to know.

Long Sakari? Good buy after big dip?

Lots of people were asking me whether should they buy Sakari at round number 2.
My reply was "It could be just be a small rebound because of the psychological support" and I was looking to long at 1.95 region.

Today this piece of news came out after market closed.
Sakari: Q1 2012 Net Profit Down 65% To $14.5 Million.

Definitely Sakari is going to gap down on Wed but how strong will it be?
Personally I feel that it won't be that strong because it SHOULD be factored in already.

Watch the 3 round numbers highlighted for Sakari.
I believe these are the regions to enter (Staggered entry?).

Disclaimer applies
Do note that its dividend is on 3rd May of 0.0583

Sakari - Requests

Sakari

My previous call on Sakari http://tradeforthebetterfuture.blogspot.com/2012/03/week-2603-3003.html
Not to boast about myself but this is really a good call. (I do have bad calls.)

Sakari for now I DON'T SEE any turning yet.
This counter remains bearish.
The next support will be the Fibo 78.6% of 1.95 price level.
After that will be the purple support line - rough estimation of 1.89.

Few counters to highlight

Jardine C&C

GLP

Sakari

Week 26/03 - 30/03

Genting SP

Genting SP did show its true direction on Friday due to the junket licenses given by the government.

However, its not advisable to chase already when the R:R is not as good anymore plus its a news driven rally.

It might be travelling towards 1.84 level.

Those who are willing to the take higher risks, than might want to enter at around 1.74 level.

UOB

UOB is currently trading within the long black candle formed on Monday.

Support and resistance to look out for will be 18.1 and 18.6 respectively.

Breaking either levels might really show its true direction because both are critical levels.

Support: It has a purple upward sloping trend line.

Resistance: It coincides with the Fibo 61.8 level.

 Yanlord

Yanlord broke its neckline of the Head & Shoulder formation on Thursday.

However, it managed to bounce off its previous resistance turned support levels of 1.24 and also closing slightly above the 50MA.

Breaking of the 1.24 levels will be bad for Yanlord as the H&S is in play as well.

Considerable actions: Long at support of 1.24 and execute double sell (cut + short).

Sakari

As mentioned last week that Sakari is having a H&S formation.

It has already breakdown from the neckline and H&S will be in play.

It has also breakdown the symmetrical triangle (not highlighted last week).

However, there's some buying pressure to keep it above the 50MA.

Those in shorts could look to cut loss at levels above the neckline (meaning this breakdown is a fake one).

Knowing that window dressing is around the corner, and many traders might enter for a small rally (resulting in slightly better vol next week). But its better to believe in such terms given but rather look at the charts for answers. :)

Be safe and all the best in trading.

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.

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.

Requests

Sakari

SembMar

YangZiJiang