Noble - could be turning up

Noble hit support of $0.965 and could have turned up.
Need one more confirmation - red channel.
Mon (19 Jan 09) trading range is $1.01-$1.05. ($1.01 is the big volume on 16 Jan 09. Looks creditable)
If it can closed above $1.05, I think we can see for a short term uptrend.
My target is $1.14.
Given the volatility of Noble, it may hit $1.17 again.
Got to cross $1.09 before this.

Straits Asia - next target $0.84.

Finally broke $0.89 support and closed below it.
High chance of hitting and supported at $0.84 tomorrow (14 jan 09).
High volume + Short term downtrend support + mid-term uptrend support.
If this doesn't hold, next is $0.815. Below that, it is mid term uptrend breakdown.

Tomorrow 1st resistant at $0.92, next is $0.935 - $0.94.

Noble - first day broken down

First day mid term uptrend breakdown.
Likely to hit on 14 Jan 09.
1st support $0.965. (short term downtrend support + big volume support + natural support)
2nd support $0.935 (short term downtrend support + big volume support + natural support)
Sure short into strength counter.

Crude Oil was trading -US$0.925 at 5:05pm.
At time of post, Crude Oil is up US$1.20.
Difference of US$2.125.
If this stays (US$38.80), commodity counters should open higher than today's closing price, tomorrow (14 Jan 09)
This means that we should see Noble trading as high as $1.06-$1.07 (top of day trading range), if Dow closes flat or positive tonight.

Happy Trading!

Yanlord and Keppel Land - techincally weak

Yanlord first day breakdown.
Next few supports to look at are $0.93 - $0.90 and $0.865 (target)
Resistant for 13 Jan 09 likely to be at $0.95.

Keppel Land on the verge of breaking down.
Chart looks like turning down very soon.
Trading range for 13 Jan 09 - $1.69 ~ $1.81

Noble - $1.08 must hold

Support is still at $1.08 on 13 Jan 09.
Once it breaks, $1.05 is the next support (for day trade).
After that, will be the messy zone of $1.01 - $1.04.
$1.00 is the ultimate support. After that, it could be easier to trade, as next significant support at $0.935.
$0.97 is a smaller support.

Wilmar - long term price target of $1.10?

Wilmar is likely to break the mid term uptrend support on 13 Jan 09, with Crude Oil down US$2.60 at the time of post. - US$38.
Wilmar formed a double top at $5.72.
Take it as $5.70.
It hit the support of $3.40 on 18 Mar 2008.
Between 5 - 7 Jan 2009, it hit around $3.40 and turned down.

$5.70 - $3.40 = $2.30.
If this counter is going to do a mirror image of the top, $3.40 being the reflective axis, $3.40 - $2.30, are we going to see price objective of $1.10 in the long term?:D
Let's see.

Yanlord - daily break

Broke down from daily uptrend support if $0.99.
Next big support at $0.95.

Straits Asia - unlikely to hold $0.935 on 12 Jan 09

As expected, Straits Asia hit $0.975 and pulled back on 9 Jan 09.
It was supported at $0.92 - big volume support.
Tomorrow, 12 Jan 09, $0.935 is the short term uptrend support.
I think it is unlikely to hold, given that it closed at $0.935 on Fri too + Dow closed negative on Fri.
Come Mon, it is harder to day trade this counter, if you are doing naked short and need to cover at the end of the day.

Supports at $0.92, $0.915, $0.905, $0.90, $0.89.
If $0.89 is broken, all punters will be shorting this counter.
This fall could be very fast and furious.
Next supports are $0.84 and $0.795.


If $0.795 is broken, are we going to see $0.70 in the mid term?
Got to see.

Noble - likely to see $1.08 on 12 Jan 09

Noble did turn down from long term downtrend resistant.
Breakout level at $1.08 on 5 Jan 09.
12 Jan 09 is the force selling day (T+5).
Should see weakness in this counter tomorrow.
Mid term uptrend support is $1.08.
Big volume support is $1.08.

Short into strength is a wiser choice for tomorrow.

Keppel - short term target of $4.50

Possible target of $4.50 in the short term.
Support for Mon is $5.00.
High chance of break down tomorrow, with Dow closed negative last Fri.

Biosensors - The sky has cleared!

First day break and close above $0.34 with high volume, when most counters are down on 9 Jan 09.
Sky cleared.
Big volume at $0.36-$0.365 and $0.38 on Fri.
Accumulated big volume at $0.335, $0.385, $0.41 (likely target), $0.43.
$0.40 round number theory.
$0.35 could be the next support after $0.36.
Mon should be a good chance to buy on pullback.

Trade with an Edge Attract Success

Straits Asia - bullish reversal

Morning gapped down, holding at $0.89, burst up and broke $0.91 at the last hour.
Gap closed on daily chart!!! Bullish signal.

Uptrend resistant meets big volume at $0.975.
That should be the a stong resistant on 9 Jan 09.
After that is $1.00.
Big volume at $0.94 and $0.95
$0.955 8.4m done on 7 Jan 09. Very fresh sellers waiting there.
Got to clear this bunch before moving up further.
Strong support at $0.92 and $0.915

Could be pretty violent trade on 9 Jan 09.
Buy into weakness, sell into strength should be the strategy for this counter currently.

Ezra - below $0.795 today!

Short term breakdown today.
Supports at $0.77 and $0.735 (my target)

Cosco - more stale bulls trapped this round!

Long term trendlines.


Short term.
Today (7 Jan 09), second round of 狼来了!
(Will you jump in at the third round? I think it is safer to buy below $1, and let the rest do the job to push it up and above $1, if it breaksout next time)
Broke and closed above $1 yesterday.
All jumped in and get trapped.
Today it came and closed below $1, and even below $0.975, where it broke out.
This time is 2 days above $1. Trapped more stale bulls.
Tomorrow support at $0.965 and $0.94. Below $0.94, short term uptrend will be broken.


See how many stale bulls it caught these 2 days.

Noble - hit long term downtrend resistant

Hit long term downtrend resistant and turned down.
Need a downbar tomorrow to confirm the turn.
Ideal short at $1.25 :D

Capitaland - poised for further weakness

Closed at big volume support of $3.12 today.
30 min and hourly brokedown.
I think if it stays and close below $3.15, daily break is confirmed.
Big accumulated volume at $3.07 $2.91, $2.88
Other supports are $3.03. $3, $2.95.

Likely to hold around $3 for awhile, given the analyst's view published.
Those who wish to buy into weakness may long around there.

Ezra - hitting ceiling soon

Coming back to the $0.795 high volume zone soon.
Can watch for the turn, if it can't break through $0.80.
If it goes above and comes back below $0.795, stale bulls will be caught.
A must watch counter.

Whippy Cosco

Trapped stale bulls on 30 Dec 08.
Caught shortists on 2 Jan 09.
If you jump in to long, please take note of the 1st resistant - long term downtrend resistant + secondary short term resistant.
2nd resistant at $1.01.
Immediate stronger support at $0.96.

Noble - hitting resistant soon

Broke out from $1.08.
Breaks $1.14 resistant.
Short term uptrend resistant meeting long term downtrend resistant.
Should see resistant around $1.23 on 6th Jan 09.

KepCorp - hit daily resistant

Gapped up and hit daily resistant of $4.82.

Crude Oil - short term breakout

Broken out from RHO channel. Likely to hit US$55 in the short term.

Cosco - stale bulls may have cut loss

Looking at the volume for the past 3 days, I think the trapped stale bulls could have cut loss.
The profit warning news was out on papers.
Most of them are aware of it, and dump it even before T+5.

Unlike the situation whereby it spikes up, and slowly coming down (without any bad news).
Those who are thinking of buying on pullback, slowly get trapped.

Given Dow closed 258 pts up on Fri, the selling pressure for Cosco could be lesser, especially when Hang Seng (which has broken out on Fri) gaps up on Mon.
Let's watch.

Straits Asia - first day breakout!

First day beakout.
Hit and closed at day high of $0.825. Resistant too.
Next resistant at $0.84.
If it manages to break $0.84, it is likely to run to $0.89.
Could it be as soon as on Monday? :D

Trading range for Mon is $0.79 - $0.85.

Wilmar - should be a real breakout!

Wilmar has not closed above $3 for months, since 22 Sep 2008.
It is different from 18 Sep 2008, as that time Wilmar was on downtrend. Any breakout could be false break.
This time, it is a breakout on short and mid term uptrend.
I think buy on pullback (near support) is a wiser choice for this counter.
Currently, shorting this counter into strength is harder to make money than buying on pullback.
I only realised this when I redraw the chart from scratch.

Price objective (theoretically) likely to be around $3.50.
It is meeting long term downtrend resistant around that zone.
$2.95 should be the biggest support.
The other prices with bigger volumes I will look at are $3.00, $3.8, $3.20, $3.30-$3.35, $3.50 and $3.54

SGX - short term uptrend intact

Clearly on the shortterm uptrend, if I got the trendlines right.
Natural support at $5.08.
Mon support ard $5.12.
Strong resistant at $5.43.
Mon resistant at $5.30, $5.36 and $5.43.

Wilmar - hitting resistant?!

Broken out for sure.
Resistant likely to be at $3.03 for today.

Hang Seng - first day breakout

Long up bar.
First day breakout of short term downtrend.
Not time to short the market yet.

Capitaland - more like a breakout than false break!

Looks more like a breakout now.
Resistant at $3.25-$3.26 and $3.30.
If it can break $3.30 and closes above it, more upside is likely to be seen.

Cosco - short term target

Drawn yesterday.
Eventually it should hit $0.87-$0.875, where mid term uptrend, short term downtrend and big volume meet.
Chances even higher on T+5.

Hang Seng - trading range fro 2009

Hang Seng yearly chart.
Possible trading range for 2009 - 13400 to 20000, I think.

Straits Times Index - yearly trading range

Since we are into 2009 from today,
I am charting for the approximate yearly trading range for STI in 2009 -
1553.75 (yearly uptrend support) to 2061.99.
Of course it could break through. 2008 bar is a very good example.

Dow Jones Industrial Average - yearly uptrend intact

Did a yearly chart for Dow.
Interestingly, It is still on an uptrend, though this 2008 downbar is the longest in Dow history.
The 7400 mark hasn't been broken.
However, it has been hit 3 times.
The next time when it hits again, it is likely to be broken.

To remain uptrend, 2009's low has to be supported at around 7739.
Second support is around 7400.
Third support is 7197.49.
After that no eyes see liao. :(