STI test resistance twice but Fail

STI can't break 3360 point this week, next week need to try harder. However U.S. and regional market may retrace any time, STI is a follower, tighten your stop lost.

Capital Land price face overhead resistance

Capital Land rebound after formed reversal candle stick pattern, now inside congestion area and overhead resistance $3.38 & $3.48 need increase volume to clear. Hold if above $3.20 or take partial profit.

YZJ Shipping break up from consolidate pattern

Yang ZiJiang Shipping has a nice chart pattern and break up with increase volume, chart told me can hold if price above $1.20, this stock clear one year high, no obvious overhead resistance.

Osim price rebound is it due to Divided? Or Oversold?

Osim price rebound the next day after my last post on its oversold, its not I am very accurate but this is the result of probability by reading price chart. This counter trend rebound is strong, till today 26 Nov 2014 11am the highest price is $2.14 may continue to cover the Gap $2.25. This stock still down trending, hence price may retest support $1.645, it is not recommend to hold for long term.

UOB try to break New High

UOB bank few months ago 31 Jul 2014 price $24.04 make new high, now its price attempt resistance. It may form chart pattern before break up, building foundation is good, run too fast may have deep retrace.

OCBC price can make another new High?

OCBC bank may make new high if break $10.50. One of the strongest stock contribution to STI rally. If it retrace and consolidate before break resistance shall form another wave of up trend. If Missed the 2 Buy signal, next opportunity shall be more risky, should hit & run!

New Page --> The Crisis

Welcome to take a view on my new Page -- The Crisis, talk about how to reading the chart before and during financial crisis.

U.S. Dow New High Every Week!

U.S. Dow new high again, actually it scared me, chart told me daily bar move too fast without retrace will face deep opposite reaction, the question is when? 
Furthermore when it pull back form resistance and look for support is where the trick comes in, if it hold at support (17400 point) and break the resistance make another new high is call Trending. Otherwise if it form a lower high and break neck line support is call Topping chart Pattern. Anyway tighten your seat belt, if you have one!

STI way to go, meet the overhead resistance.

STI moving up but still inside congestion area, next week face resistance 3350 & 3390 point, unless U.S. & region market  retrace and STI may follow.

SMRT price run faster than its MRT trains.

SMRT break previous peak is strong. Price movement usually shall retrace to form resistance, test broken resistance as support and break next resistance with volume if strong. Hold if price above $1.60.

Genting Sing Bottom Reversal?

Genting Sing forming double bottom chart pattern, watch $1.12 neck line for break out with volume. Resistance $1.20 and $1.30. 

Global Logistic has a Topping chart pattern!

Global Logistic is one of the STI component stock. Chart shows that now its price testing neck line support $2.50, topping pattern had form and rebound may face selling pressure. How possible can the price move through $3 without volume? 

Keppel Corp Looking for Support!

Keppel Corp facing the $9 support, if the Gap $9.30 is cover, price may reversal. If break $9 History may repeat Aug 2011 falling. This deep correction about 20% , long term down trend may be trigger.

U.S. DOW strong but need to take a break.

U.S. Dow strong rebound from lower low, broke previous high and make new High this week. Next week may retrace to test support. 

STI this week well support and moving up.

STI support 3270 point and moving to resistance 3360 point next week. STI not as strong as U.S. Dow and ShangHai Market, when they retrace STI may follow, now still inside congestion area is difficult to break out.

SGX potential blue chip to move up!

SGX chart shows a break out on the up side may form an up trend. If price support well above $7 and break $7.4 make one year high is good to hold.

SingTel towards resistance $4 new High

SingTel one of the strongest blue chip facing $4 resistance challenge. Chart shows a lower low on 16 Oct 2014, if following trading days did not sustain may form topping pattern.

SemCorp Marine Broke support! Further down trend may continue.

SemCorp Marine broke $3.54 support make lower Low. Price chart shows further down side trigger, where is the support? I guess $3...may be...Sell or Hold is your call!

DBS Sell Signal appear on chart!

DBS chart appear Sell Signal, trader start to take profit. Chart shows 1) Big Down Bar 2) Reversal Candle Stick Pattern 3) Gap covered and 4) Increase in volume for down bar. If place stop order at $19.35 already stop out. If still holding it is better to take partial profit and let the rest of the position use run for maximum profit, use trialling stop to exit. 

SunTec REIT Break away Gap make New High!

SunTec REIT broke up consolidation pattern and make new high with Gap & high volume! However it did not close well and leave a tail behind. If the price fill the gap is no good for the trend. If price can hold above $1.80 is strong, new trend shall develop.

STI this week Frozen...

STI 3300 point difficult to hold without volume. This week it fail, next week may retest again. However U.S. market may retrace cause STI to follow. Support at 3240 point to watch.

DBS at all time High!

DBS make new High! Don't Bull Sh** ! Ya no sh**! This stock is the strongest among the 3 banks, it leads the way! 
This is the different between long term investor and short term trader, from the chart on 10 Oct 14 price broke down trend line sell signal. 13 Oct 14 confirm the broke down, short term trader should already exit position. Long term investor may still hold on to this stock, short term trader may only want to re-enter when the price break above $18.61. If the price holds well above $18.6 trend continue, now trailing stop (Profit taking) at $19. 

ComfortDelGro Testing New High

ComfortDelGro is strong in trend. Testing of new high is a challenge to see how much this stock price worth for investors to participate. Chart say if price break above $2.65 and hold well shall develop up trend, side way ranging for a period of time is healthy, worst case is break down $2.36 and down trend is inevitable. 

SMRT Strong and refuse to go south.

SMRT rebound and broke trend line is strong. If you did not sell at $1.5 and hold till now is lucky! How about those investors bought at $1.6 or above? Do you think they will sell? How about buy now? Your immediate profit is $1.63, Stop Loss $1.55, $1.52 or $1.50, Risk-Reward ratio not worth to risk, hit & run trade must be fast!

US Dow new High with 2 weeks Strong move.

US Dow break previous peak make new high without a retrace is no good, if it continue to move up may become more Volatile. Testing support and form chart pattern will be good and healthy for further up trend. The next 3 months will be critical for US market base on chart now is to either form a topping pattern or a pause before a new trend.

Osim had Over Sold rebound anytime soon!

Osim drop deep and fast, this kind of correction usually rebound fierce (if Strong) or side way movement (if Weak), Nevertheless, chart shows that this stock had confirm its down trend, $2.91 peak may need a Miracle to meet. Short term trading need confirmation of support before enter position, Long term? Can forget it!

STI strong rebound! It is a counter trend retracement.

STI got a strong rebound on Friday (31 Oct 14), from chart it is second week move up due to oversold retracement. Next week will move to test resistance 3300 point, if STI hold well above 3200 point, go side way and form chart pattern and break up with volume is bullish. Every inch up getting difficult without increase in volume, in longer term STI don't know where to go yet.