Market Update: 20 April 2014

I'm away kind of busy for the past 2 week. Sorry for not updating my blog.
Anyway sell in "May" and go away coming soon. Should we be more careful for the upcoming months with all reports coming in too?
Lets us review for the upcoming week.

HSI: Congrats to those who hold all the way till the final target $22611. Currently there is no sign where will HSI head next, however i still believe it will float between the 3 target price which I kept mention since the last time.

STI: The last target I given was STI heading towards 3200. However it go way beyond the target price. Currently STI is too high for you to catch in now. As we know reports coming in, maybe it may somehow affect and pull down STI if the reports are bad. The best to re enter long position will be @ the shaded green area which is very near to the support area.

 Genting SP: I have been pointing out Genting SP again & again. Maybe is time to look into this lagged counter. Well support @ $1.29/$1.3. Currently forming double bottom. Will be good if it break $1.345 with volume. Is always good to catch the price before it run, however do plan for your RR.

GLP: Make a mistake by setting the SL base on the candle body but not the candle wick. However I'm still happy that i could spot out the consolidation pricing before it ran. Congrats for those who SL didn't trigger and able to profit from this counter :)

 SembCorp: I believe there are people out there looking for counter to short since they believe "sell in may" coming soon and with the pullback from STI, Sembcorp will be a good counter to consider.
$5.5 act as strong resistance for this ranging counter.

 Overall: As we know recently properties have been bullish since after commodities. Next will it be marine or any other sectors to take over? Perhaps you may like to pay some attention on counters such as (vard, cosco, Nol, Mermaid)
Remember not to chase price (such as properties counter cos it's kind of late)

You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 30 March 2014

I will be sharing HSI, STI, GentingSP, GLP & Review UOL chart as for this coming week.

As for those who follow my blog closely. I believed I have pointed out the hammer showing in the weekly chart last week. Congrats to those who went long in HSI futures. Good $$. Let's hope it will reach the first target. (for those who missed the chance to enter since last week, do not chase the price. Is fine to miss a boat than capsize it)

 STI: After saying it will be in ranging mode till either "green" zone give way, Last week the bull really step in! Once 3115 broke up, the bull run all the way to hit the first resistance @ 3165. As for this coming week, let monitor whether the bull will continue its way to 3200 or having a small pull back since it has been running for 6 continuous days.

 Genting SP: A starting signal of bull stepping in. EP: Above 1.33, SL: $1.29: TP 3target show in the chart.

GLP: Will this anti trend work out? As we can see usually for a bearish trend to reverse into bull trend, we need to catch the crumbs of bull before the price run off. I have circle out how consolidation workout over GLP. Do monitor closely and plan your RR wisely if you really wish to enter an anti-trend position.

UOL: For those who shorted @ $6 or below (by following my previous call) I hope you have already cut lost after I mentioned UOL turning bullish since last week before it hit the stop lost i given @ $6.22
Currently UOL forming inverse H&S.



You are remind to trade base on your own risk. Plan and Trade well :)

 Overall: STI have been bullish for the past few days, If you feel uncomfortable to enter any counter right now worry the pullback of STI will drag down your counters, do enter after a small pullback in STI will be safer.

Stock chart: GLP/Noble/KepLand/GentingSP

A quick review of those previous chart I plotted.

As i mentioned earlier, GLP have to cross $2.95 in order to see the $3/$3.03. However $2.95 resistance is way too strong and currently STI break below 3120. To be safe than sorry. I will suggest no action to be taken till STI find it support area or once $2.95 break through.

Noble pointed out earlier too. Bull & Bear have been fighting past few days till it finally break down and successfully formed H&S. Congrats those who shorted @ $1.04. Current target $0.97 & $0.92 (final, mirror image).

 Kepland on the weekly chart i pointed out to target $2.88. Of course is hard to have one way trip in a stock market unless financial crisis or company bad news. So for those who still believed there is room for kepland to continue to plunge, they may wish to short it @ the current price (since STI drop below 3120) or wait for it to pullback $3.37/$3.4.

Congrats those who shorted Genting SP @ $1.47 or those who shorted once STI 3120 give way. Now with the current high volume, let continue to hold on and shall see whether it able to reach the first target $1.42 follow by $1.37


Please take note next week due to CNY. Trading days will be reduce and volume may not be that strong.
You are remind to trade base on your own risk. Plan and Trade well :)

Market Update: 19 Jan 2014

Currently STI is drifting sideways since past 2 week. However sideways also mean there are counters going either way. So I will update 2 counters such as GLP & GentingSP. Let take a look. 

 GLP on the bull trend. Break $2.95 will see $3/$3.03. If STI going bullish, perhaps you can consider to long this counter. Plus in weekly chart. The last candlestick closed on 20MA. 

Genting SP inside the symmetrical triangle. I draw the symmetrical triangle base on the closing price. (Change it to line chart to see it clearly). Short @ current price (or you can wait till STI break 3120). Cut @ $1.525. 3 different target to aim. 

You are remind to trade base on your own risk. Plan and Trade well :)