Wish all viewer a prosperous Chinese New Year

恭喜发财，万事如意!

Sing Post price took back the Gain

Sing Post price demonstrate a roller coaster pattern, price do not move in one direction. Profit taking or Profit Protection is a MUST LEARN skill. Otherwise you are wasting your time and money.

 

M1 price retrace from new High.

M1 price chart show a nice chart pattern with Break Away Gap, trending up make new high at $3.93. 

$4 may be a resistance face selling pressure. A gap being covered usually is a sell signal, trader starts to take profits, a strong stock will go side way or continue trend up. Support $3.85 to watch.

UOB price face $24 resistance

UOB Bank price chart already showed sell signals, now $24 overhead resistance not easy to clear and if drop below $23 support may trend down further. Swing Traders' playground.

OCBC price make New High!

OCBC price break up resistance make new high $10.63 (as on 4 Feb 2015 10:15am). The sky is the limit if price Hold above $10.50 may have strong trend.

If price fall into the congestion area is not good for the up trend. From $10 to $10.50 is the congestion area.

DBS price show SELL Signalssss!

DBS price chart form several SELL signals, such as Island Reversal, Big Down Bar, Shooting Star Candle Stick, Head & Shoulder pattern, break Support Trend Line and Neck Line. 

May be you have your reason to hold on but for me already EXIT for good.

Noble price meet Resistance Trend Line

Noble price need to break Down Trend line first before talk about reversal, next test support again and break out with volume. $1 support to watch. This Sector is weak right now.

U.S. Dow Topping Pattern or Consolidate Pattern?

U.S. Market Dow Jones show series of patterns, Head & Shoulder, Lower High, Lower Low and Bearish Candle Stick Combination pattern! Support 17000 point is it the last line of defense? Usually before a bear market start it have a topping pattern, at least 6 months to form. If follow up break up trend line and form higher high and higher low, previous pattern become invalid. Hence U.S. market still Bullish.

STI show sign of retrace, back to congestion area again?

STI today last hour drop fast down 27 point, next week if gap down shall form "Island Reversal" pattern. Cover the Gap and back to congestion area is not good for the trend, resistance 3465 point, support 3370 point.

Keppel Land price no "Heart Beat"

Keppel Land price side way due to corporate action, example like Olam on Mar to May 2014 . Usually for me shall exit to trade other stock, time is money.

SingTel price make New High! The Sky is the Limit!

SingTel price broke $4 resistance on Monday 26 Jan 2015, reaction (profit taking) the next day and today took back the loss reach $4.05 new high! 
Follow up if break support $4 and break $3.90 trade into the congestion zone is not good for further up side.

ComfortDelgro price did not go down trend but make new high

ComfortDelgro price bar form Head & Shoulder pattern and break up, today make new high! Now support $2.70. If cut loss earlier (see my previous post on ComfortDelgro), should have the guts to re enter otherwise cannot taste the fruit of success.

SMRT chart pattern similar to Sing Post

SMRT price consolidate and break up previous peak (see my previous post on SMRT), correction and from Bowl Pattern. Break up Bowl Pattern on 22 Jan 2015, resistance become support $1.65.

Sing Post price beak up from Bowl Pattern

Sing Post price break up $2 decisively from consolidate Bowl Pattern! Take partial profit and let the rest ride the up trend, Support $2.05. 

Keppel Land price Rocket Up you happy now?

Keppel Land price skip the "Form Pattern" part and GAP up (News driven? I didn't read the new don't ask me why!) What to do now? For me I take partial profit and let the rest ride the up side, Stop Order at $4.50.

STI ready for another Lap

STI finally break up congestion area with high volume, follow up is to watch for support 3370 point (cover GAP) and resistance 3465 point the previous Peak on 22 May 2013. Yes we still in the Bull run. What is the chart pattern look like to you? In fact doesn't matter, important is what are you going to do next?

Capital Land price Rocket Up

Capital Land price spike with High Volume, investor take profit follow up side way ranging. Support $3.50, Resistance $3.64.

NOL price chart show a nice Reversal Pattern.

NOL price reversal strong trend up, follow up retrace to test support is the Key to confirm its trend. Selling pressure may happen anytime, if price hold above $0.90 is strong otherwise may take a longer time ranging.

Keppel Land price strong move with increase volume!

Keppel Land price Gap up with Volume is strong, follow up if retrace with low volume form Cup & Handle pattern and break resistance $3.65 may have a new up trend. Support $3.52.

STI back into Congestion Area

STI fell into Congestion Area again, this cause previous chart pattern invalid. Next week side way ranging between 3270 point support and 3360 point resistance. STI Component stock either retrace or forming base, challenging period to trade.

Resources Prima price bungee jumping

Resources Prima price bar told you a story of Up & Down. Trading is never easy when decision have to be made to enter and exit a trade. 
The price chart told a honest story than any one else, if you do not cut loss, you are going to bear the Mother of All Losses!

SGX price nice Up Trend!

SGX move up as expected during my previous Post. If your heart strong enough can hold longer term, otherwise use Swing trade to Enter & Exit.

SIA price GAP & GAP meet 2011 resistance!

SIA price strong move with GAP, if Gap Filled price retrace. Further more meet overhead resistance $12.50, selling pressure any time!

Global Logistic price attempt resistance $2.50

Global Logistic appear in top Volume several times but price getting lower. After broke support neck line $2.50 now test resistance. The topping pattern shall valid if the price unable to break resistance down trend line and break $2.40. 

Genting Sing price coming to an edge

Genting Sing price test support few times now test again if break down may begin another down trend or false break follow by strong rebound. $1 support and resistance $1.10 to watch. Reversal may happen when $1.17 is taken out. Anyway this stock is still in down trend since Nov 2010.

YZJ ShipBldg investor who survive Win the Trade

YZJ ShipBldg price move up today, after more than one month consolidate, test support, test resistance and form "Cup & Handle" pattern finally break up on Monday. Trading is not easy, all about timing! 

Keppel Corp down trend not end yet.

Keppel Corp price Gap down (you know the reason better than me). Support $7.90 to watch for further downside, Trader who trade ranging may buy around $8 & sell at $8.90.

DBS show Island Reversal Candle Stick pattern

DBS price today deep retrace with Gap and big down bar with volume, an Island Reversal pattern formed, sell signal to exit your long position. Follow up price may test support trend line and attempt to fill up the Gap.

U.S. Dow 2014 Chart Review

U.S. market is still in super Bull since 2009, longer than 2003 to 2007 Bull Market. If you ask me this year U.S. market will continue the bull run? I don't know! The important thing is to take correct action at correct timing.

Take U.S. Dow as a "stock" chart, its a swing trade year for active trader. 

On 2 Jan 2014 it close with a down bar, following show downward movement and sell signal. 5 Feb 2014 a Doji candle stick follow by a long up bar, active trader may enter for rebound. 

As usual. test resistance on 4 Apr 2014 then test support form consolidate pattern and break up. This movement repeated 3 times! 1st time on 13 May 2014, 2nd time on 3 Jul 2014, follow by deep retrace and test support again rebound.

3rd time on 19 Sep 2014 show a "shooting star" reversal candle stick pattern with huge volume follow by another deep retrace.

16 Oct 2014 a reversal candle stick confirm by a follow long up bar trigger the rebound. This strong rebound broke several resistance decisively and surprisingly! 

Price don't always move in one direction, retrace then rebound and form pattern is what it will always do, now what pattern it form is not important, the resistance of 18000 point and support of 17000 point determine the following direction of U.S. Dow. 

Nobody can tell you what you should do except yourself, to profit or to loss the game.

2014 STI Chart Review

Tomorrow is the 1st trading day of STI, to guess where it move its meaningless to me. Usually end of year there are many prediction or forecast for stock market by broker firms or professionals just like 2013 talk about where STI will go on 2014 . How many can hit the mark? It doesn't matter.

Where STI will go is not important, what are you going to do when you see the move of the stock is much more important! The action you take determine your profit and loss. Take STI last year (2014) as a stock chart, what will you do if this year "repeat" itself?

On 2 Jan 2014 form an Island candle stick when next day Gap down long bar sign of weakness. Broke support on 23 Jan 2014 show exit signal, gap down next day confirm the down trend. We do not know when the rebound start until Gap was filled, active trader see opportunity enter early. 11 Mar 2014 met resistance retrace, test support twice rebound break resistance trend line, buy signal.

24 Apr 2014 met resistance pull back test support, rebound break resistance, retrace and test support again and so on... 31 Jul 2014 intra day high 3387 point next day Gap down Sell Signal! Rebound and test resistance twice but failed broke support trend line on 15 Sep 2014 Sell Signal again!

Deep correction broke several support form lower low, active trader look for rebound opportunity to enter and exit when reach target profit or sell signal appear.

Well I say is easy, to take action is difficult, that why trading is not an easy job to do. Preparation and timing is everything! 

Happy New Year 2015 to all viewer!

Wish all viewer have a Big Winning year ahead!