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.

Market Update: 23 March 2014

This week. Let us review the same index on DJI, HSI, and STI plus review back all the counters which i mentioned on 12 march 2014.

DJI: By looking @ DJI, that long wick candlestick should tell you something for the upcoming week. We need another bearish candle to come in and act as a confirmation after that shooting stars candlestick.

HSI: Remember on the 9 march I did indicate to monitor closing after HSI showing pendant triangle? As for now under weekly chart, Hammer candlestick formed. Will this act as a trend reverse?

STI: Fake candlestick on the 20th March? Anyway STI maybe in ranger mood till either side of the green circle breakthrough. (very high chance it may go up next week if all the 3banks showing pullback sign)

YZJ: Nth much to say. consolidate and supported by 200d MA. If you not feeling confident to hold on to your short position, Just book in your profit. Money in pocket will never be wrong.

UOL: For those who trigger their short @ $6, You remind to watch this counter closely. Since there are sign of bullish candle showing for the last few days. It may be trying to form inverse H&S as $6.22 maybe the resistance line.

Cordlife: For those who have trigger directly after i mention on my blog the next following day. I hope by now you have already cut lost this counter @ $1.18. I'm sorry for the bad call.

Unionmet: Yet another bad call. I'm still trying my best to practice on penny counter.

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

Overall: From the charts, as you can see i do not own a crystal ball to tell me what will happen in the coming week. All i have to do is strictly follow my trading plan and react as what the candle show and tell us. I'm sorry for those who have follow and triggered the bad trade.

Market Update: 09 March 2014

Dear readers,

Its been exactly 1month since my last post. I'm back once again after my major surgery and will continue to provide my own view on the market. I will always treat this blog as part of my trading journal to understand more about TA. Please do continue to support.

Anyway, we shall look into next week forecast movement for certain index and STI counters.
Let's begin with DJI:

DJI: Previously I have indicated a certain level to watch out in order to know which way will DJI move. Currently, we are eying DJI to reach the previous high to determine whether it will continue to soar for next record high or forming a double top. Continue to monitor closely.
(not advisable to trade since RR is not worth currently)

HSI currently stuck inbetween the mid price level which i indicate earlier before and forming pendant triangle chart pattern. Monitor closely to see which way will it break out to determine bull or bear.
(not advisable to trade, need more confirmation)

STI: Base on my last STI forecast, I did say STI will be going ahead towards 3100 and we shall monitor from there whether it will continue to break rest of the resistance @ 3165 & 3200 in the following week

IndoAgri: As we know commodities have been running since last week. OLAM, Noble, Wilmar, FirstRes. Now the slow and lack off will belong to IndoAgri. Will IndoAgri able to break through the bearish trend and enjoy the bull meat? Double bottom already showing first sign with good volume. Once $0.965 break we shall see $1.13. Rmb to do your RR before enter into this position.

YZJ: Marine Counter don't seem to be doing good. YZJ double top formed previously. Currently it show another chart pattern of cup and handle. If $1.1 break down, we shall see $1.055 (resisted by 200dMA), follow by final target $1.


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

Overall, do remember the "war" between Russia & Ukraine will cause overnight panic and drag down the market plus certain counter. Do remember to trade those strong counters or control your position size which will able to withstand those "noise" period.

Market Update: 05 Jan 2014

Welcome back everyone and let start fresh for year 2014. 

We shall start with STI index. I know market actually open on 2nd Jan 2014. However to me i prefer to start everything from the beginning of the week. As i stated on 29 Dec 2013, I mentioned that do watch out STI may have the chance to cover back the gap @ 3160 and back to square one 3188 where sti open on 2013. Now where will STI head to in the following week. In weekly chart, we can see that STI still ranging in between a symmetrical triangle. So do monitor 3100 and 3065 for support. Break 3225 will eventually out from the bearish trend.

Next we shall take a look at HSI. Gap down on market reopen after holiday. Shall we say HSI forming H&S? Anyway do monitor once it break 22614 with high volume. Higher chance there will be a mirror image from the H&S. Target around 21663. Becareful HSI may eventually cover the gap before it continue its bearish trend.

Noble counter seem interesting to put under your watch list. As i said earlier in my previous noble post, I mention it will pullback around $1.065/$.108 and continue it's long term downtrend. Now we shall watch how noble pend out to be in the following week. Will H&S be successfully form after this week? Do monitor $1 as the support carefully. High chance mirror image will be form :)


After all please do plan and trade wisely for the start of the year. 
Last but not least, I wish everyone a green and greener P&L for year 2014. 

Market Update: 30 Nov 2013

We have come to the last month of 2013. Usually December seem to be low volatility month where by people start packing their luggage for holidays especially Index like STI which been floating sideway for so long. However the bull on other indices seems not interested for a holiday trip yet. They have been going higher and higher where by people believe X’mas gift will come before the day itself.
Anyway let’s look back on those indices which I charted out last week and another 2 chart which consist of Gold & AUDNZD. 

Please trade wisely :)

DJI seem like going to approach my highlighted resistance. Watch out for any reverse candlestick

HangSeng have touched 24000. If the next candlestick able to stay above this 24k whole figure resistance. Watch out for the next resistance.

Shanghai in the weekly chart candlestick show a successfully breakout which i have pointed out last week on my blog. Let's see whether it able to go for the next resistance.

STI remain the least movement for the week. symmetrical triangle still in play. Like I mentioned during last week. Perhaps STI will stuck inbetween the FIBO till end of year.

Congrats to those who follow my blog and traded on this breakout in the 4Hour chart. For those who traded on the breakout, my advise will be do a trail stop or step breakeven your stoplost.

AUDNZD have been in trend playing for weeks. The first circle which break below the support may seem to be a fake breakout. If you are keen in this trade. my advise will be: Entry after it break the trend line which i draw on the chart with a stop lost @ 1.110. RR is good with a 90pips stop lost over 300pips of profit target. (side note, both currency are strong and they are interested to lower the strength of their currency. So wont be one-sided game. Side way trading will seem to be fine)

Market indices update 24 Nov 2013

DJI have been closing daily high and everyone is guessing how high it will actually hit before the table turn. Mentally when the trend is in your favor, no one wish there will be a ceiling to stop it. However I will keep a look out for the 3points show in the chart.

(a) Resistance around 16200-16400

(b) Pull back to 15720

(c) Bearish trend start once 14789 break.

Watch out for HSI FIBO 100% @ 24000. If it manage to break FIBO 100%, then we target to see 24445 which the highest in 2011. If not, we will see whether HSI will be able to cover the gap show in the chart.

Shanghai in the weekly chart show that it have break through the bearish trend. However been resisted by 100W MA. If it able to close above the 100W MA, 2235/2272, we target 2437. If not the bearish trend will resume if break 2076 and will see 1970. 

STI last Thursday & Friday closed with 2 little hammer at FIBO 38.2%. Still consider within the symmetrical triangle. However if this week STI continue to fall and below the 2 little hammer, we till watch the price @ 3125/3100.  If not STI symmetrical triangle will continue to be in play or perhaps it will bound between FIBO 38.2% and 50% throughout the last week of the month or the year if only Capricorn effect do not take place