Biosensors - watch for break out

Recent rally in market seem to have hit some form of break at current level, similarly for Biosensors. The stock seem to be consolidating at its previous resistance high of 1.02. This is the third time in past 9 months that it has hit this resistance high. However this time, its seems to be third time lucky, as price seem to be holding well at current level coupled together with a huge increase in volume.

Though stochastic seem to have pulled back slightly from oversold region, price seem to be gaining momentum, as MACD is in positive region and seems to be pulling away from its signal line. Watch to see if price is able break out from current level. Look out for a break up above 1.04 with volume, for further upside, with price aiming for above 1.10. The 20 EMA has moved above its 200 EMA to form the first golden cross. Look out for its 50 EMA to form the second golden cross above its 200 EMA for further confirmation. Crossing above could signal a confirmation of changing into uptrend mode. Upon entry, cut loss could be set @ 0.925 (12%).

Enjoy and Cheers!

CapComm Trust - Break out above ascending triangle

Recent months saw a rebound in strength for REITs and blue-chip counters. While I am not sure how long this rebound might last, opportunity still arise whenever there is buying/ selling interests. Chart below shows the rebound of CapComm Trust rebound from its low region in 1.3x back to 1.6x level.

A further break out from its ascending triangle to move above 1.635 resistance shown continued interest in the counter. This break out presents good opportunity to entry as price has not yet run. Price movement breaks out of ascending triangle with long green candle. Stochastic move higher to cross back above its signal line. MACD firming in positive region and is moving back up towards its signal line. Crossing above the MACD signal will reaffirm the continued strength of the uptrend.

While price moves higher, keep a look out for profit taking. As long as price is supported by its 20 EMA upside will be firming intact. Set tight cut loss @ 1.560 (-5%).

Enjoy. Remember to share when you have profited.

Ezion Holdings - Correction completed. Uptrend to resume

Post first talk later.. as title above.
Ezion holdings seem to have competed its minor correction to move price into its uptrend support line. Selling pressure seem to have lessen in pass few trade session. Strong uptrend still firmly intact, with good buying opportunity at this level.

Chart speaks a thousand words.

Cheers!

Dyna-Mac - something brewing?

I recently noticed an increase in buying interest for this stock. Stock has been trading around its lowest support level for quite some time, however recent days there seem to be an increase in buying interest. This might be inline with the company's recent announce of its cash dividend, but I suspect there is something more.

Charts show that stock price has broken out of its down trending channel and moving towards its immediate resistance @ 0.405. A break and closing price above this level will provide more substantial support to my observation.

Chart analysis to come later.

Cheers!

Nam Cheong - again on target.

Its was exactly a week ago when I recommended a buy-in on Nam Cheong when it moved into one of its reaction low @ 0.310. Now exactly a week later, the stock raised and closed at its highest price, 0.350. Clocking in a gain or more than 10% in just a week! Further potential upside to be expected. Analysis below.

Stochastic indicator moved into overbought region, MACD crossed its center line "0", into positive region. both show signs of promise in Nam Cheong continuation uptrend move. The stock is now at its immediate resistance of 0.350, a break above might see a strong shoot-up in price. My own target price will be @ 0.400. Let see if I am able to keep getting it right.

Cheers!

STI index - uptrend resumes

Buying opportunity arises. Index successfully broke out of short-term downtrend channel. Now to test immediate resistance at 3190. A break above will strongly indicate that the longer term uptrend channel is still intact.

Cheers!

Double posting today, Nam Cheong & Biosensor presents entry opportunity

Been awhile since my last posting, hence to make it up to my readers, this will be a double posting.

First up, Nam Cheong, I have quite a few old posting regarding this counter, you can have a look at the archives if your interested, this counter so far so good. Uptrend channel is still firmly intact, recent low presents another good opportunity for those that is not yet vested in this.

A more detail analysis will be updated. Meanwhile enjoy the chart.

Analysis Updates:
Nam Cheong. Uptrend channel firmly intact, currently price moving up from previous reaction low @ 0.310. Stochastic moving back up from oversold region towards its signal line, crossing its signal line with volume should indicate strong demand and likely a bounce back up to continue its uptrend. MACD moving less negatively below the center line. Crossing the of its signal line and back up above center line will demonstrate trend continuation. Cut loss price to set at 0.290, single bip below major support at 0.295. Target profit price 0.350.


Second post, Biosensors. This was once a popular counter amoung traders and speculators alike. Counter has been on downtrend mode for quite some time. However, recently takeover news provided new hope to this counter. After hitting a double bottom, the stock has been trading in range mode and moved out of its downtrend channel. Bit of caution, this however does not mean that downtrend is over. It just provides a good opportunity to enter at low if there really is a trend reversal. I believe with good trading disciple and a reasonable cut off price, this counter provide a good opportunity to go big.

Detail technical analysis report to come later. Chart as shown.

Slightly higher risk, but also higher returns.


Analysis Updates:
Biosensor, breaking out of a long down trend after take over news. Price have been moving in range mode over the past 6 months, forming a double bottom in the process. Recent break out from the downtrend forms a resistance neckline with the double bottom. A break out above the resistance line should cause price to move towards 1.10 level. Stochastic signal moved above from oversolf region crossing the signal line in the process. MACD slowly down fom its descend and closing in on its signal line. Cut loss set @ 0.86. High risk taker might want to set it 2 bips below double bottom support level.

Cheers!!

Charisma Energy (5QT) - Looking to bounce from recent support low.

Charisma Energy seems to have consolidated around recent support low. Current price looking good for a bounce back up.

Entry and exit price shown in chart. Analysis to come later.

Kindly share this blog if you have benefit-ed. Cheers!

 

 

edited :

And just hours later... even before I could start on my analysis report. Guess there is no need for the report now.. haha

 

A nice 8% profit.. :)

Thaibev (THBEV) - uptrend continues, symmetrical triangle breakout

 Apologies that this is like becoming a habit.. but it is real late now.. so post first talk later (tomorrow)..

Picture speaks a thousand words (for now). analysis coming up soon....

Cheer! remember to share my post if its useful!

edit on (6 Mar'14):

think there is no need for my analysis now. the price action has spoken for itself. Broke out from the sysmmetrical triangle is completed with increased volume. Now is a matter of how long can the volume substain, and how high can this rally go. Currently there is immediate resistance at $0.620, the next major resistance will be at $0.650. If you like, you can take some minor profit now (around 8% gain, small woohoo!), and leave some on the table to wait for further upside.

Cheer! more profit to come!

STI index - This week's review

Pardon me for the lack of post recently. I am really loaded with work in office 2 week ago and is now away to serve the nation for my annual ICT. I took some time off during this book-out weekend and did a quick analysis of the STI stock index. Promise there will be more technical analysis of various stocks once I am done with the reservist.

For now, just a quick technical analysis of the Singapore STI index. See chart below.

Hope it breaks the short-term downtrend resistance to move back to uptrend mode. Cheers!

STI index - Market rebound, but is the selling over?

After last week selling which triggered fear of massive sell-off in the global market, investor seems to have taken a breath of relieve. This comes from the result of global data that released news of economic recovery particularly data from China. Together in hand with US fed chairman announcing the continuity of monetary easing policy rate, investor seem to have taken the news with certain degree of positiveness. With those positive announcement, the Singapore Stock Index rebounded from its uptrend support line into safety range of above 3,030.

From the charts, we can see that the charts touches and then bounds off the support trend line at ~2,950, moving back up strongly towards 3,035 level. This shows that the long-term uptrend, (shown by the parallel brown lines) are still intact. However, whether this rebound is really a show of economy recovery or just a technical rebound before the worst comes is still yet to be seen. Aside from the long-term uptrend channel, we can see that the price is still moving within the short-term downtrend channel, (shown by the parallel blue lines) this shows that selling might not be truly over yet. Should the price continues to move within the short-term trend, we would see first resistance at  ~3120 and a major resistance at 3180. Break above these range should provide assurance of the uptrend continuation, if not, then it will be better to prepare for what might be about to happen >.< (no eyes see)

Key Support and Resistance are draw in Green and Red circle respectively.

Cheers

STI index daily chart - testing trend line support

I posted an analysis of Singapore Straits Time Index index two days ago. The analysis was based on weekly charts and shows that index was treading carefully on the support line, with a descending triangle formation, that caution to be taken from any trades. For today's post, will be another analysis of the STI index, however it will be based on daily chart, and might provide a different angle for analysis.

From the chart, it can be seen that price action is still moving within the uptrend channel formed from more than 2 years ago. The high in first half of 2013 was a bump and run breakaway from the uptrend channel but was subsequently correct in May'13. Price then continue to move within the channel band in a narrow down-channel manner (enclosed by the 2 blue lines) till the recent drop that see price hitting the trend line support line (look at smaller red circle).

With the price treading closing on the trend line, a break off with force below this trend line and the horizontal support line (bold brown line) towards 2900 should indicate end of current uptrend. Should this happens, TP is expected to be around the bigger red circle (around 2700). It is where the downtrend channel (blue line) and red horizontal line support will meet.

Positive things from the charts are the technical indicators; MACD and Stochastic. (green circle) Both shows that are current price is at its low and a rebound is about to take place. Stochastic line moving across its signal line indicates the price is slowly moving up from its low. MACD histogram is decreasing, shows that the selling strength is dwindling.

STI index - not looking good

Global equity market shares followed a large sell off for the past few days. Things are looking gloomy at the moment with the Singapore index losing over 150 points since Monday almost 500 points or 15% off the peak about 7 months ago. Bad news just kept coming one after another, since the selling off of emerging market coupled with tapering of the US fed, and bad growth data from China and US economy. So will the selling continue or will it bounce off into recovery?

From the weekly index chart above, we can see that the price has gone down to test the support level of previous low at around 3025(bold brown horizontal line), giving the possibility of forming a lower low. The price has also dipped slightly below the uptrend line, as shown by the thing brown upward line, re-testing the strength of uptrend line. Any break down with force below both line should indicate the end of current uptrend.

Another thing to note is the formation of lower highs over the past few month, which the chart forms a descending triangle formation with the down sloping blue line. As descending triangle is usually a bearish pattern, things are looking even more gloomy. As for MACD and Stochastic indicators, both points to increasing strength in downside movement. MACD is moving away from its signal line and moving towards a lower low compared to the low in Sep'13. Stochastic is also moving back down after just scrapping the 60-mark.

Positive things from the chart are the possible formation of a mini double bottom (circled in red on the price chart) if the price manages to hold above the 3000 level for this week and/or the formation of the descending triangle is more of a continuation rather than a bearish pattern. (triangle are continuation patterns) BUT most indications are pointing otherwise. Just remember to trade/invest within your means and run before things turn really ugly, watch out for the break!

Nam Cheong - Another good entry opportunity.

post first. will update post again later. brief description is in the picture. night.

Update:
As seen from the chart, Nam Cheong was sold down to $0.305 level on 27 Jan, the sell down was mainly inline with the peak and trough of uptrend chart, however going down to $0.305 level seems abit too much as it is hits the 50ma support level with speed. The heavy sell down is likely due to recent poor sentiments on Asia markets, especially the emerging markets. However, as sentiments soon stabilizes, and Nam Cheong bounds right back up (on 28 Jan)

Charts shows good support @ the 50ma level, with stochastic reaching its low (below 20) and moving back up towards the signal line and 20 line. MACD also show declining strength of the negative MACD histogram and is moving closer to its signal line.

From the candle stick patterns, the gap down on 27 Jan might be last of the sellers liquidating all holdings to get out likely due to profit taking, coupled with poor market sentiments. However, the gap up on 28 Jan shows that this is an exhaustive gap and that selling pressures is diminishing, hence the gap is quickly filled as the price reverses with little remaining sellers. Price action shows that uptrend channel is still firmly intact, with first trough hitting the 50ma support since the break out above $0.300. This gives a good buying opportunity for those who missed out on the ascending triangle break out few weeks ago. A good entry price would be around $0.310 with tight cut loss at $0.300 (5%) of break out price.

Cheers! and please share my blog if you have profit.

p/s: current market sentiment is weak, due to weakening of emerging market and poor data statistic from China and Europe, hence cutting loss is very important when things start to go south. And lastly, please trade within your means.

RH Petrogas - short term up trend broken

After over a month of short term uptrend, RH seems to be unable to break resistance of $0.64 and has come down from there. The narrow uptrend channel has been broken, with current price supported at 150ma level $0.585. Any further downwards pressure could see 150ma support broken and price test $0.560. Any further break will see price move towards $0.50.

Things are not looking good as MACD has crossed its signal line and seem to be crossing the center line soon, which will signal a change from uptrend to downtrend in the near term. Price has also touched the lower bollinger band for the first time since the narrow uptrend which shows a gain in downwards pressure. Coupled with poor market sentiments throughout the whole Asia market, it would be better to get out and wait for recovery (if any)

RH PetroGas - upside to continue..

It has been awhile since my last post. Market has been quite quiet for the past week, not much movement on most of the charts except a few penny stock which is heavy speculated. Although global outlook for economy seem to be good at the moment but investor confidence is not quite there yet.

During this quiet week, I notice that RH PetroGas has been slowly continuing its uptrend, though movement are narrow and moderate its price is still slowly creeping up.

From the chart, price has been moving in a narrow uptrend channel. Recent consolidation at 0.605/0.610 provides another good entry point for those who has missed the initial breakout (link here), this is further supported by the lower uptrend channel line. Stochastic is moving closer to its signal line, a cross over will signal further confirmation of continuation for upside. Tight cut loss to be set @ 0.585 (5% loss)

Remember to share it you have profited. Cheers!

Good Chart for Sharing

This chart shows the gain vs loss percentage. Think this is specially useful if you are doing short to mid term trading.

The charts show how much % gain you need to achieve for in order to break even with the amount of % loss. Example: for every 10% loss today, you will need to gain 11.11% tomorrow in order to break even.

This will help you to determine your stop loss price and target profit margin. For me, I uses a stop loss of 10-15%(highlighted below).

RH PetroGas - post first talk later

post first talk later.

EDITED ON: 9 Jan 2014

Understand that this analysis came late, but better late than never. At current point of writing, the break out has already happen. For those less risk adverse, you might want to wait for further confirmation and wait for good entry position (check back here, i will post when it happens ;). The analysis, as see from above, another ascending triangle formed from mid Nov'13. there is strong consolidation towards the end of Dec'13. The recent low in stochastic provide good entry position, and stochastic cross-over provided further confirmation of strength. MACD cross over from the center-line shows a bullish crossover, confirmed that uptrend is intact. Centerline crossovers can last a few days or a few months. It all depends on the strength of the trend. The MACD will remain positive as long as there is a sustained uptrend.

Good luck for those that have entered. Near-term TP is $0.70.

Nam Cheong - Here it comes! WoooT

As previously posted, here and here
Nam Cheong has break out. Here it comes!

Cheers and congrats to all vested! Enjoy the coming New Year Holidays!

Happy Holidays - Santa Claus Rally, HO HO HO.

Christmas might be over for some, but for the stock market it is still enjoying the presents that Santa Claus Rally is giving.

The Santa Claus rally is a period between christmas and the new year where stock markets rally to a high point. There are many different explanation for this phenomenon, some say is due to people investing their christmas bonuses while others claims that shortist are on holidays. For this year, some claim to be the effect of the Fed's cut in stimulus program that demonstrate strong recovery in the economy. For me, it does not really matter as long as the market is moving in the right direction.

As seen from yesterday's market result, the top 20 counter are all GREENS, which shows that the rally is indeed beginning. It is a good time to buy(almost any stocks). But the question is how long will it last? and what to do when it ends? The obvious answer is to take profit and wait for the next entry point.

So the more important question is when to take profit? For me, there are 2 answer. 1st is when the stock has reached your target price (pretty obvious). 2nd is when the stock seems to have peaked at the current price. For analysing when the peak is reach, I normally look at 2 indictors, the stochastic cross over at the top and the closing major support price. (i cant find a good picture right now, will attach it once I get home)

Meanwhile, enjoy the rally and have a wonderful holiday!

Side note: if you still considering what to enter, you might want to have a look @ krisenergy and mirach energy. Most stock have already begin their rally but these energy stocks seems quiet. they might be having some delay effect.