Cosco - stale bulls in the net

Cosco shot above $1.00 yesterday, caught all the stale bulls in the net and came down.
These bulls' feeling must be real bad now.
(These syndicates seemed like they know of the profit warning one day before, pushed up to distribute. The retail investors thought it was a breakout. All jumped in and join in the ramp-up)

10.3m of shares were done at $1.03 alone.
That was real big compare to the past few days volume.
I think Cosco is now a short into strength counter, given so many stale bulls supporting you.
CFD will have no scripts soon.
1st support at $0.97.
Next are $0.95 and $0.93

Cosco - hit long term downtrend resistant

I saw it hits the long term resistant of $1.04.
Drooling...... waiting for the turn.

Ideally should short at $1.04 , if u are garang enough.
Break out with volume cut at $1.05.
Lose 1 bid.
Tomorrow resistant at $1.03
Only scared of window dressing now.
May still got momentum to go up.
Now like supported at $1.02. (See hourly and 30 mins chart)
If breaks, shorting at $1.01 like lesser meat, given $1 is a support also.
Which one will you choose? $1.04 or $1.01? That depends on how much risk you can take, and how big is your appetite too.
If I short, I would short at $1.04. risk is only 1 bid. (might not get the price when the upward momentum is gone)
If I shorted at $1.01, my cut loss price is still $1.05.
I still think shorting at resistant is safer.
Your strategy might be different from mine.

Noble - uptrend intact

If you think Noble is on an uptrend, it should be buy on pullback.
Trading range should be around $0.96 - $1.04 on Mon.
Big resistant at $1.00, $1.04. $1.05
Support should be $0.965.
If you have realtime intarday chart, you should be able to spot the trend.
I think it is quite a good trading range, even for day trade.

Capitaland - hit long term downtrend resistant

Capitaland was strong today.
Not much sign of weakness, despite the T+5 today.
I redraw the trendlines again.
To my surprise, and now I know why it has no power to go further today.
It has hit the long term downtrend resistant of $3.10.
Significant day of $3.08 (30 Sep)
$3.07 of accumulated high volume and natural resistant.
Tomorrow longterm downtrend resistant at $3.08 too.
Got to watch whether it can break it.
I think it is likely if window dressing sets in.

Dow is showing weakness now, showing sign of breakdown from shortterm uptrend.
If it really closes at lower today, tomorrow could be the last chance to grab it at opening (if gap down) before the window dressing.
Watch watch watch.

SembCorp Marine - could have hit short term bottom

Intraday chart.
Looks good on daily chart.
Like found a bottom on Wed.
But today rise on thin volume.
Breakout may not be real.

CapitaCommercial Trust

Hit long term downtrend resistant and turned down.
Now outside bar. Losing steam, could be due to T+5.
Big volume at $0.85, $0.90 and $0.95.
Good trading range.

Hang Seng - short term outlook

Though Hang Seng has broken down, but it likes to flip up and catch all the shortists.
History could repeat itself.
If Wed (24 Dec 08) low is a short term support, it is likely to flip up on 26 Dec 08 (and if Year End Rally is to start here). Watch Dow Futures' Asia time performance on 26 Dec 08.
That could be a good guide, i.e, it stays positive.
On the other hand, if it closes below 13902, meaning all bets off, it could be heading towards 13309.

That could be the neckline for a double-top chart formation.

Dow Jones - short term outlook

Very near mid-term support, and short term resistant.
If the next bar is not a short one, it should give us a clearer direction of where Dow is heading - Year End Rally (window dressing) or anti-climax (mid-term breakdown).