SembMarine

Long term picture.

Good result + Doji Star.
Result-play.
Watch it tomorrow.
Big volume at $1.48 and $1.55.
Trend line resistant at $1.42, $1.53 and $1.59 (long term downtrend resistant).

Dow Jones - big flush expected

Too early to long.
Wait for the turn.
Likely to have a big flush towards 6500 before a strong rebound.
Best is wait for the turn - lowest risk.

Hang Seng - still bearish

China XLX - up or down?

Fourth time testing the uptrend support.
If this breaks, that's the end of 4 months uptrend.

Epure - first breakdown

I think we should see $0.25 and $0.235 if $0.28 support is broken.

Dow Jones - very near supports

Likely to see a short term bottom soon.

Gold - next target

After breaking US$1000 and hit US$1006 high yesterday, I think we are likely to see Gold to hit US$1030.80 soon.

Hang Seng - short term outlook

Big picture. - long term downtrend.


Short term outlook.
20th Feb 09:-
Support - 12752
First resistant - 13174
Second resistant - 13400
Let's see if this is the correct trend.

ST Engineering - hitting resistant soon

$2.40 should be a strong resistant for ST Engineering tomorrow.
Downtrend resistant meets natural resistant.

Hang Seng 5 minute breakdown

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.