Market Update: 09 Feb 2014

DJI by right having inverse cup and handle where by the support @ 15720. However, friday closing above 15720. So now we shall see whether the green line able to act as the immediate resistance. If not we shall see DJI move to the next resistance level at around 16113. to form H&S.
If H&S formed, my target will be around 14900 by end of Feb.

STI in weekly chart showing a sign of rebounding candlestick. Apologies that i didn't on my 200d MA indicator. However the candlestick is below 200d MA. If next week the rebound able to sustain above 200d MA, we shall see STI go up to 3100. Two resistance level to watch out, if both break, bull will step in. First is the pink follow by the red resistance line.
However my view for STI still bearish.  My final target will be @ 2733 by end Feb.

Overall summary, DJI may been dropping past few days but it still within the uptrend channel till 14444 give way. So i may say DJI is still under the correction before the bear step in.
 As for STI, I guess the picture is much clearer for me to further explain. Bearish till 3247 give way. 


On the next following Monday, I will be going for my major surgery. (10days ward) So i won't be updating my blog till the beginning or mid March 2014. However both DJI & STI i have plot them in a longer view till end of FEB. Hopefully it hit my target by the time I'm back. 
I wish all my readers, all the best and trade well in the coming month. 

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

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 :)

Happy Chinese New Year 2014!

祝福您，

• 新年快乐
• 招财进宝 
• 生意兴隆 
• 岁岁平安  
• 财源广进 
• 马到成功  
• 發發發!!

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: 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 :)

Stock chart: Biosensors/Jardine CC

Biosensors weekly chart show a potential bullish candlestick. We shall monitor closely once it break and stay above $0.94 (20d MA) perhaps will hit $1.

Congrats to those who believe and trade base on the my chart :)


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