Market Update: 17 July 2016

Hi everyone. I'm back. We are now into the second half of 2016. Since after BRexit, market seem to absorb the impact and back to square 1. As we can see that from US index and FTSE charts which broke the all time high of 2016. However, in our local market, STI still seem to be lagging behind. As I always mentioned, 3000 is the key point for STI to determine over or under value. STI need to break above the "BIG" standard point "3000" before heading to 3100. This week update, I will show 2 SGX counters and STI index chart. Without further ado, lets go into charting.

STI - Heading towards 3000 since most of the western index & HSI have already broke their 2016 all time high. From the chart, we can see inverse H&S forming in weekly chart and 3100 will be a resistance for STI show in the weekly 100MA.

YZJ - Seem to be a lagged counter which have yet to be move. YZJ will be highly recommend base on charting. Both setup and entry points found in the chart. SL once it break below 0.84. (I hold no position yet but soon will).

Singpost - Downtrend chart since beginning of 2015. The descending triangle, lower high and the chart which can't thrust through the previous support indicate the downtrend persist. Beside that, the news of resignation from the CEO, CFO and COO in a year show a weak corporate governance. Furthermore, most of the investors invest singpost due to their fix and stable dividend, however singpost may plunge once if singpost cut their dividend payout. People who wish to short Singpost, remember to set your SL @ 1.69/1.7 once the lower high become invalid.
Those who prefer to long and keep in their portfolio (Like me), I will advise to monitor around 1.43 and long around 1.3. Who knows Singpost might be another counter like SMRT where by governments to take over.

Overall: Buy when everyone is bearish and sell when everyone is bullish. I believe this sentence is well known. As now, market is at all time high, be caution whenever you long. The steam might lose it power for another push. Long term investors gotta monitor their portfolio more frequently and equities is not the only product to add into your portfolio. I still believe the strength in USD and the bull might resume once Fed decide to go for rate hike in Sep 2016.


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

Market Update: 16 Oct 2014

Hello everyone. Is been two week since my last update. However i did recommend some counters in my Facebook for people to monitor and trigger a position. Those who added my facebook and manage to profit from there, Congrats to you guys. Thanks for the trust and follow my call. :)
Anyway just a short update for the 2 counters i recommended in my blog and facebook.

YZJ: Pointed out this counter on the 1st Oct 2014. Successfully reached the first TP @ $1.11, Waiting for the next TP to come by @ $1.085. Last TP i wanna add in @ $1.06 to $1. (Rmb last target only if you know how to manage it)

SuntecReit: Weekly chart!! Those who know how to read chart, I believe the candlestick tell you a story! How many week of Shooting stars / Pin Bar? Market is so bearish, if you miss all my previous post, Why not try out this counter! I believe this is a lagger counter which haven explode to the south zone. Watch closely and you may strike an attractive rewards :D

Overall: All market have been dropping crazily, especially euro market. (Dax). Now DJI which is the most stronger counter which kept resisted by 50W MA also break down and go into south zone. Nevertheless, it apply to Nikkei and HSI too! What else is there to say? Still feeling bullish or perhaps like what everyone else keep shouting is just only a pullback? Is your own money, your own call!

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

Market Update: 01 Oct 2014

Hi Guys. Sorry for the long waiting. I'm back to update my blog again. Going through those counters i recommended on my previous market update and plus introduce one addition counter.
But anyway, previously i did mention about revamping my blog and provide some basic TA sharing session.
I guess I will revamp my blog first over this weekend, and in the mean time, I’m currently working with my friends to plan how to conduct the basic TA sharing sessions. Perhaps this session ideally target those people who start and keen to learn how to trade using TA. Of course, it does include and cater for different category of levels. We do not wish to waste your time going through those basic again & again. We are still planning and hope it will be on live ASAP. Those beginner or those who wish to learn my trading style, just drop me a email to find out more :)

Let's move on to the charting :)

STI: As mentioned before base on that two candlestick. Does it prove the theory of TA? Target hitting soon!

Ezra: Hit my second Profit! Happy like Mad :) ~~~ Did you follow my call?

Keppel Land: Wa sibei heng! I did mentioned if only it closed below $3.4 then short it. So trade invalid!

Noble: Sad Baby! When it first break below $1.35, it dropped all the way to $1.305!!!! only $0.005 away from my first profit. End up I have to cut lost in my counter. But that is part and parcel in trading life. You gotta be strict in your plan to survive :)

SMRT: Be ware and watch out! the golden cross didn't work out. It back to ranging mode! Monitor closely if you are still inside :)

YZJ: This is the counter im currently eying on! H&S forming at the top channel! Monitor closely if you wish to catch this big fish! Overall market seem bearish plus the riot in HK! This should be the next counter zooming south!! :)

Overall: There are lots of index currently oversold and at all time high. No one dare to Long and waiting for a major news or hero to short the index. Those who are not well equip, kindly remain sideline from the market before you get burn. My friend and I will be eying to start our small noobie courses to prepare others for the coming year 2015. Those who are interested to join our polite session, Just drop me an email. I will provide more detail to you personally. :)

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

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.

Stock chart: YangZiJiang/UOL/Unionmet/Cordlife

YZJ: Dear readers, so did you follow the trade? Congrats for those who trigger the trade after $1.1 is break. Our first target will be reaching real soon @ $1.055. In the mean time, I will shift down my SL to $1.12 or BE if you feel unsafe. Lets pray it will reach our final target :)

UOL: Trade solely base on bearish trend line. Those who wish more confirmation can wait till $5.88 break down & those who are more willing to take risk able to enter straight.

Cordlife: Finally breakdown $1.16. Will this be the first sign showing bear have board this counter?
Enter @ any price you like, SL strictly @ $1.18

Unionmet: This is strictly for me to practice and monitor more on penny counter. I never like pennies but i'm willing to practice and love it more. SL: $0.061. The rest is up to individual RR.

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

Overall: STI seem like having hard time to break through 200d MA. Be ware if you intend to long any counter. As for IndoAgri which i pointed out on my last post, I will remove the counter and continue to monitor more before enter. Cos 0.965 seem hard for it to reach and break.

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.

Stock chart: YangZiJiang/THBEV/SuntecReit

YZJ which i mentioned before CNY. Double top formed. First target achieved @ $1.125. Currently we will see whether it able to reach the next target @ $1.04/$1.025.

THBEV also one of the counter i pointed out before CNY. No reason not to short it. First Target which i mentioned $0.505 achieved! Now heading to see whether can hit $0.495 (good volume) follow by $0.475 (why $0.475, just change your chart to monthly and you will know)

SuntecReit is been resisted by 200d MA. Thou past few days candlestick may seem bullish on this counter, however will it be due to news and cum-dividend whereby it lure all retailer to earn the dividend and since after Ex-D, all money start to flow out?

Overall summary, Since last week where STI start to dive down the deep well, we can short mostly all counters. However now STI still going lower, will it be safe enough to chase any short position or wait till a decent pullback? No matter what decision, You are remind to trade base on your own risk. Plan and Trade well :)

stock chart: YangZiJiang/THBEV

Congrats to all those who actually benefited from my chart.
GLP: NO action, price closed @ $2.86
Noble: Hit Final profit $0.92
Kepland: Resisted by $3.31
GentingSP: Hit first target $1.42, shall see $1.37 soon

 YZJ: Please monitor carefully for those who long this counter. In weekly chart, YZJ is been resisted by $1.24 and today candlestick closed below the bull trend. However we know maybe it was due to STI which closed -33point caused the drop. So please do watch out carefully if this week candlestick fall and closed below 20d MA. It mean the confirmation bearish candlestick is formed after a doji! If it crossed below $1.125 (Double top will only form after it cross below), the next support will be around $1.025 where by around 50d MA.

 THBEV: Just way too many signal not to short this counter.
Entry @ current price. $0.54
SL @ $0.58 (Must cut if high vol come in)
Target. $0.505/$0.475


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

Stock Chart: YangZiJiang

YZJ in weekly chart still show uptrend by judging 20w MA. However base on daily chart, as long as the price trade below $1.18 (below 50d MA), chances it may hit $1.115 and perhaps $1.055 if $1.115 break successfully.

Plan and Trade Well.

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: 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!