Happy New Year 2014

Happy New Year 2014! 
I wish everyone the coming year is a glorious one that rewards all your future endeavors with success!

Have you write down your New Year's Resolutions for 2014?
I guess most people have already written down their multiple resolutions in the brand new year.
I used to be the one that have many resolutions to achieve in the coming year. However this time round, 2014 will be a very tough year for me (as i will be going for a major surgery). Perhaps after Feb 2014, I consider my life as reborn. A brand new life is waiting for me. I know I will face a lot of difficulties to adapt my new lifestyle however reality is way too complicated. There are many things that are not within our control and to consider. Perhaps for those who love me and for those who I love. I will try my best to settle down, slowly accept the fate that crafted in my life and quickly back on track once again. 

My New Year's Resolutions for 2014

• Simple Life
• Healthy Life
• Peaceful Life

As simple as possible.

Market Update: 29 Dec 2013

STI is moving towards 3160 to close the Gap and perhaps back to 3188 whereby the opening price for year 2013. Will it form a doji candlestick for year 2013? We shall see.
After all, STI have to break above 50% FIBO in order to get out from the bearish trend. Do monitor carefully.

Marine counters is doing great for the past few days. Especially otto marine. YZJ trying to hit $1.205 too. However I will choose Cosco out of the rest of marine counter. Because the price is too near to decide whether will it out from the bearish trend line since year Feb 2012. 
$0.78 strong resistance.
$0.8 break will out from the downtrend.
Final target $0.835/$0.89

Plan and trade well!

Stock chart: KepLand

Kepland showing signs of rebounding after touching the resistance. RR is great to plan for a trade.
Final Support should be @ $3.26


We left less than a week for year 2013 and next week market is close due to New Year. So if you are not sure and uncertain about the market. Why not take a break and enjoy the remaining days of year 2013 and begin a fresh start for year 2014.

Happy Merry Christmas Eve

Happy Merry Christmas Eve to everyone and thanks for supporting my blog. Wish everyone have received their early Christmas Gift from the market. For those who haven't, don't get disappointed & never give up. One day, it will be your turn :)

Market Update: 23 Dec 2013

STI trying to break 3100 resistance soon. Once it break, monitor 3160 to see whether STI able to close the gap. Overall STI still not out from the bearish trend.

Stock Chart: THBEV

THBEV show the first sign of breaking the down trend resistance. If it successfully break $0.52. Let aim for the $0.55 as the target.

stock chart: Noble

Noble still not yet clear the major down trend. Watch out for the price pullback to $1.065/$1.08
If break below $1 mean H&S will successfully form out. Trade with care

Stock Chart: THBEV

THBEV will only able to decide bull or bear after whether it break or resisted by the tend line.
Do watch out carefully.

Stock Chart: SATS

SATS is well supported by 200D MA.  Tough trade but if you believe in double btm and believe it will break 3.18 to achieve double btm. Good Profit too look out.
Long @ current lvl $3.14
Watch out for 3.18/3.23
SL: 3.07

Market Update: 15 Dec 2013

DJI have touched my predicted support which i posted earlier. Currently a collection may occur till FOMC data release on coming thursday morning (singapore time) to confirm the direction and whether FED will taper the QE due to good NFP data.

STI may have a rebound after 7day consistent of bear attack. Do watch out the price @ 3100. If break maybe it will try to cover the gap. Afterall i still believe STI will try to touch 3000 final point.

SATS have been well supported by 200D MA & have not been breach through so far. However will the bearish STI, will SATS remain to be sustain by 200D MA? Break $3.05 will bring SATS into bear mode while not it will continue its bullish trend.

Stock Chart: YangZiJiang

YangZiJiang: STI managed to rebound back and closed the morning gap. It show that high chance for counter to do a pullback. I have given 3 support and resistance line. Up to individual to make their own risk. Take Note, once 1.165 breach, Bull still valid for YZJ till $1.205

Plan your own risk

Stock Chart: RafflesMg

RafflesMG: Which i did mention on Monday saying the long wick of the candlestick?
For those who have trigger short when it broke $3.1, congrats.
Current target remain the same. $2.98

Trade your own risk

Stock Chart: Yangzijiang

Yangzijiang: I have given two price for each entry, exit and target. Depend on your own risk & reward. 
If break 1.18 most likely will see 1.205. If break 1.125, most likey will try 1.06. Plan and trade well 

Entry: 1.16/1.17
Stop Lost: 1.18/1.205
Target: 1.125/1.06

Trade with your own risk!

Stock Chart: RafflesMG

RafflesMG have been moving side way currently and forming alot of "top" since June 2013. Next the long tail which i pointed out didn't successfully break out the triangle. 
Price to watch out for:
Entry: Once $3.1 break
Stop Lost: $3.16
Target: $2.98 (if break all the way, it mean successfully break from the triple top, final target once break @ $2.7+)

Trade with your risk.

Market Update: 08 Dec 2013

Last Friday (NFP) the jobless rate fell to a five-year low of 7 percent last month as payrolls swelled by 203,000 after a revised 200,000 increase in October, figures showed by the Labor Department.
The reports caused DJI to climb back and closed above 16000. Many economists believed that with such strong data will allow the next FOMC to begin reducing $85 billion in monthly bond purchases at Dec 17-18 meeting.

DJI show a rebound after strong NFP data came in on friday night. We shall see whether DJI will continue its bullish trend or will be trending side way until FOMC. Perhaps late buyer which rush in after NFP data caused the bullish candlestick.

STI finally broke through both 38% FIBO and symmetrical triangle. Currently with the strong NFP data on friday night perhaps may cause a pullback in STI plus with the "doji" candlestick closed on friday, high chance it may crawl back to close the gap which I highlighted in the chart or maybe back to 38% FIBO which turn from support to resistance.

GentingSP is the current stock I am following closely to see how it turn out to be. Since STI may have a high chance to pullback on the coming week, GentingSP as a 30 component under STI may likely to follow too.

Overall for the coming week:
STI seem to be isolated by other indices. It may not be affected by the strong NFP data which came in on last friday night. Do watch out STI closely & plan wisely for every single trade before trigger.

STI figure to watch out for:
Resistance: 3170
Support: 3100

Stock Chart: Genting SP

Genting SP: 
Short Sell @ $1.485
SL: $1.525
1st/2nd Target: $1.42/$1.37

Update on STI 
STI have finally fall below the FIBO 38.2% and also broke down the symmetrical triangle to close below my target of 3125. Next watchout out for 3100/3060/3000
However, reminder, tmr will be Non-Farm Payroll new release. If the figure come to be good enough to show a strong positive strength in US, Tapering may come before March 2014. This new will either trigger DJI to surge for new high or a true correction for DJI!. 

Stock Chart: SuntechReit

SuntecReit: This trade is basically trigger after the support have been breach through. No indicator involve. Slightly Risky & tight stop lost have to be placed strictly. 
If you like this trade plan, 
Entry after it break $1.535, 
SL: $1.575, 
1st/2nd/3rd Target: $1.485/$1.46/$1.415.

Trade on your own risk

Stock Chart: Wilmar

Wilmar: For the past few month, Wilmar was running on the bull trend and rebound higher every time it touched 20D MA. Currently Wilmar is gonna revisit this 20D MA once again, however will the rebound history repeat? There are certain support to look out, which i highlighted, for before the bull trend end. However if there a strong support holding around price of $3.50 to $3.52, watch out for any reversal bullish candle before the price shoot to the next high. 

Is all about probability, Remember to act accordingly.

Stock Chart: Noble

Noble candlestick show a sign of touching 20D MA. Do monitor carefully once it break 1.065 with high volume. This may indicate a bearish sign for noble to revisit 50% FIBO whereby its nicely support by 50D & 200D MA. However it noble fail to break down from the uptrend. Most likely it will reach $1.13 and $1.18 once it break.