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.