Lian Beng 281207

Lian Beng just about managed to stay within the uptrend channel (blue).



It could forming a triple top now so exercise caution. Neck line seems to be at about 0.695

For monday :

Support @ 0.7458, 0.7342, 0.7273
Resistance @ 0.750, 0.7651

Good Luck !!

Ferro China 281207

Although Ferro China opened below the uptrend support (lower light blue), it still managed to close within this uptrend channel.



However, it would need to break up the long term downtrend resistance (red) to really signal a downtrend reversal.

For Monday :

Support @ 1.7879 (lower light blue), 1.6488 (blue)
Resistance @ 1.8078 (red) 1.8788 (upper light blue)

Good Luck !!

Cosco 281207

Cosco traded below the uptrend support (lower blue), and looks to continue to trade within the downtrend channel which I have just added in orange.



For Monday :

Support @ 5.627 (lower orange), 5.13 (red dotted)
Resistance @ 6.13 (green), 6.15 (blue)

Good Luck !!

China Aviation Oil 281207

China Aviation Oil looks to continue to trade within the downtrend channel (orange).



Support @ 2.005, 1.955
Resistance @ 2.063, 2.141, 2.165

Good Luck !!

China Sky 281207

China Sky initially opened below the 3 uptrend lines (green) and even touched the long term support @ 2.05 (upper blue). However, it managed to close above the uptrend support (lower green).



We may see China Sky testing the psychological support @ 2.22 (dot dashed) soon.

For Monday :

Support @ 2.20 (lower green), 2.057 (purple and blue converge)
Resistance @ 2.22, 2.266 (middle green), 2.312 (upper green)

Good Luck !!

BakerTech 281207

Baker Tech failed to maintain its momentum and broke below 2 trendlines initially - uptrend resistance (green and lower black). However it managed to close right on this support (after touching the downtrend support - purple, which I have just added).



If Baker Tech fails to break above 0.344 resistance (lower black) on Monday, we may see it hitting the support of 0.326 - 0.327 (lower purple and light blue converge).

For Monday :

Support @ 0.315, 0.3075 (upper orange)
Resistance @ 0.348 (green), 0.3557 (upper purple)

Good Luck !!

Yangzijiang 271207

Yangzijiang looks to continue to trade within the uptrend channels (light blue and green).



For tomorrow :

Support @ 2.006 (upper light blue), 1.974 (lower light blue)
Resistance @ 2.04 (blue), 2.05, 2.066 (lower green), 2.09 (upper green), 2.10 (red)

Good Luck !!

Ferro China 271207

Ferro China is still trading within the uptrend channel (light blue).



For tomorrow :

Suppport @ 1.769 (lower light blue), 1.667 (green)
Resistance @ 1.822 (red), 1.859 (upper light blue)

Good Luck !!

Cosco 271207

Cosco has dropped back into the channel and don't seem to be going anywhere.



Tomorrow's support @ 5.95
Resistance @ 6.15, 6.23

Good Luck !!

China Aviation Oil 271207

The uptrend for China Aviation Oil was short-lived as it closed below 2 trendlines today (upper orange and lower green). It seems to have found a bit of resistance @ 2.13, which is where the long term uptrend support (blue) indicatred.



For tomorrow :

Support @ 2.025 (lower orange),1.976 (upper brown)
Resistance @ 2.13 (green, blue converge), 2.18 (red, green converge)

Good Luck !!

China Sky 271207

On 26 dec, China Sky opened below the 2 resistance lines (upper blue and red). However, it managed to break the resistance of 2.11. I've adjusted the green trendlines to better reflect the trend now.



For tomorrow :

Support @ 2.163(lower green), 2.077(purple), 2.052(blue)
Resistance @ 2.18, 2.226(middle green), 2.267(upper green)

Good Luck !!

CH Offshore 271207

CH Offshore traded above the long term downtrend resistance (red) today. Volume was 598 today.



For tomorrow :

Support @ 0.790(lower green), 0.786(red)
Resistance @ 0.810(upper green)

Good Luck !!

BakerTech 271207

Baker Tech broke above the uptrend resistance (green) on 26 dec with volume. I've added in another uptrend support (lower black) joining the lows of 19, 21 and 24 dec, and paralleled the line to indicate the uptrend resistance (upper black). Baker Tech closed on the uptrend resistance on 26 dec.



However, 27 dec saw Baker Tech opened @ 0.360 (26 dec closing) and closed on the previous uptrend resistance (green), which showed that this line could be a good support.

If Baker Tech can open @ 0.3464 (green) or above tomorrow, we may see it testing the uptrend resistance of 0.3695 (upper black).

If that breaks, next resistance is @ 0.3747 (red).

Support @ 0.3394 (lower black), 0.3247 (light blue), 0.315

Good Luck !!

Yangzijiang 241207

Yangzijiang looks to be testing the 2.00 resistance (lower green) again on wed. If that breaks, next resistance is @ 2.02 (middle green and blue converge).



We may even see Yangzijiang hitting 2.11 (upper green and red converge) if all the resistances are surpassed.

Support @ 1.94 (upper light blue), 1.91 (lower blue), 1.83 (upper brown)

Good Luck !!

STX Pan Ocean 241207

STX Pan Ocean traded above the long term downtrend resistance (upper red) and long term uptrend support (blue). However, volume was low.



For wed :

Support @ 2.88 (middle green), 2.728 (upper red)
Resistance @ 2.933 (upper green), 3.05 (psychological resistance)

Good Luck !!

SPC 241207

SPC managed to stay above the psychological support of 7.35 today.



For Wed :

Support @ 7.40 (green), 7.30 (lower purple)
Resistance @ 7.60 (upper purple), 7.75 (psychological resistance)

Good Luck !!

Olam 241207

After running up for 3 days, it is understandable the Olam lost a little bit of steam. It opened right on the uptrend support @ 2.88 (light blue).



Olam looks to be trading within the upper 2 red trendlines for the next few days.

For wed :

Support @ 2.77 (middle red), 2.61 (lower red)
Resistance @ 2.86 (upper red), 3.01 (lower light blue)

Good Luck !!

Sky Petrol 241207

Although Sky Petrol managed to break out of the middle downtrend line, it looks more likely to be trading sideways, unless it can break out of the long term downtrend (red).



For Wed :

Support @ 0.440 (lower blue), 0.4255 (middle brown)
Resistance @ 0.455 (upper blue), 0.4732 (red)

Good Luck !!

SGX 241207

I've added in a new uptrend channel (green).



For Wed :

Support @ 13.30 (green), 12.95 (brown)
Resistance @ 13.51 (red), 14.00 (green)

Lian Beng 241207

As discussed on 21 dec, Lian Beng broke out of its corner and traded (almost) within the support (uptrend brown) and resistance (light blue) indicated. Volume was 8,224.



For wed :

Support @ 0.714 (yellow and brown), 0.70488 (blue)
Resistance @ 0.734 (yellow), 0.7395 (light blue), 0.7548 (green)

Good Luck !!

Ferro China 241207

Ferro China managed to break out of the downtrend channel (brown). I've added in 3 uptrend lines (light blue) to show the support and resistance levels for the next few days.



For wed :

Support @ 1.759 (lower light blue), 1.686 (brown and green)
Resistance @ 1.80 (middle light blue), 1.849 (upper light blue), 1.867 (red)

Good Luck !!

Cosco 241207

Although Cosco broke above the uptrend resistance (upper blue), volume was thin.



Immediate resistance @ 6.15
support @ 5.98 (upper blue) then 5.69 (lower blue)

China Aviation Oil 241207

Generally, China Aviation Oil is still on an uptrend, but only just as there was no volume.



For Wed:

Resistance @ 2.12 (blue and orange), then 2.21 (red)
Support @ 2.078 (green) then 2.018 (lower orange)

Good Luck !!

China Sky 241207

Today, China Sky managed to break out of 2 resistance lines (upper blue and upper red). However, there was no volume.



It will be critical on wed as you can see the 2 uptrend support and resistance (green) converging. If China Sky fails to break above this level (2.11), we may see it falling back to 2.034, where the downtrend resistance (upper red) and uptrend resistance (upper blue) meet.

Next support @ 1.972 (lower red), then 1.927 (lower blue).

Good Luck !!

CH Offshore 241207

CH Offshore still looks to be trading sideways.

BakerTech 241207

Baker Tech just about stayed within the downtrend channel (brown) in today's half-day trading. I've pulled the uptrend support (light blue) down to give a better feel of the support for the next few days.



As you can see, Support (0.3208 lightblue) and Resistance (0.3233 brown) for Wed is very close. Next resistance (0.3427 green).

Good Luck !!

Yangzijiang 211207

Yangzijiang touched the downtrend support @ 1.85 (middle brown) before staging a blazing surge up and broke the downtrend resistance @ 1.90 (upper brown).



We should see Yangzijiang testing 2.00 soon.

For Monday :

Support @ 1.866 (upper brown)
Resistance @ 1.981 (green) and 2.018 (blue)

Good Luck !!

Uni Asia Finance 211207

Another one of those 'cornered' counters. Chart shows the support and resistance for Uni Asia Finance meeting @ 1.03 (brown and light blue intersecting).



For Monday :

Support @ 0.954 and 0.922
Resistance @ 1.048 and 1.145

Good Luck !!

STX Pan Ocean 211207

As discussed earlier, STX Pan Ocean went sideways for 2 days, before break out today @ 2.69, which was indicated by the downtrend resistance (lower red).



It fell a little short of touching the uptrend support of 2.89 (blue) It did managed to touch the upper downtrend resistance line (upper red).

For Monday :

Support @ 2.65 - 2.67, 2.425 and 2.338

Resistance @ 2.774, 2.881 and 3.05

Good Luck !!

SPC 211207

SPC broke through the psychological support (black dash dot and middle brown) of 7.35 today.



For Monday :

Support @ 7.30, 7.105 and 6.897
Resistance @ 7.35, 7.431, 7.658 (upper brown) then 7.75

Good Luck !!

Olam 211207

Olam managed to break out of 2 downtrend channels (brown and red) over the last 2 trading days. We could see Olam testing the psychological resistance of 3.04 (dotted).



Support on Monday @ 2.875 (light blue) then 2.795 (upper red) then 2.632 (lower red).

Good Luck !!

Sky Petrol 211207

Monday's going to be very interesting for Sky Petrol. After finding recent support @ 0.430, we can see the uptrend support (blue) meeting the downtrend resistance (middle brown) right on 0.430 on monday.



For Monday :

Support @ 0.430, then 0.416 (lower brown) then 0.391 (green)

Resistance @ 0.4553 (upper brown), 0.479 (red)

Good Luck !!

SGX 211207

SGX broke out from the middle downtrend (brown) line today.



For Monday :

Support @ 12.76, 12.2829 (middle brown), then 12.1 (dot dash line)
Resistance @ 13.19 (upper brown), 13.50 then 13.70 (red)

Good Luck !!

Lian Beng 211207

Another one being 'forced' into a corner. Support for Lian Beng on Monday @ 0.7096 (lower brown) and 0.700 (blue and red).



Resistance @ 0.7171 (upper brown) and 0.7355 (light blue)

Volume : 6,185 (21 dec)

Good Luck !!

Ferro China 211207

Ferro China seems to have bottom out. However, the next few trading days would be critical as you can see Ferro China being 'forced' into a corner.



The long term uptrend support line (blue) was added by joining the lows of 5 mar (1.27) and 17 aug (1.48) and extended to the right.

Green trendline shows support for Monday @ 1.692, and resistance for Monday is @ 1.722 (brown).

You can also see 3 trendlines converging on Monday - Lower brown, blue and lower red. All @ around 1.645, which would be an important support level. If that breaks, Ferro China could hit 1.60 (16 aug low) or even 1.48 (17 aug low).

Good Luck !!

Cosco 211207

Cosco managed to break through the 3 resistance indicated yesterday. Again, like CH Offshore, volume wasn't as much, compared to 18 dec.



Support now should be @ 5.65 and Cosco is looking to break 2 resistance @ 5.90 and 6.15

Good Luck !!

China Aviation Oil 211207

China Aviation Oil managed to trade out of the 3 downtrend lines (brown), but only just. Could still be going sideways for awhile.



If you look at the charts, China Aviation Oil could be poised for action in the next few days as the orange, green and blue trendlines converge.

For Monday :

Support @ 2.048 (green)
Resistance @ 2.109 (blue) and 2.149 (orange)

Good Luck !!

China Sky 211207

China Sky managed to break through the resistance of 2.00 as indicated yesterday. Just that there wasn't enough volume, so this uptrend may not be sustainable.



Having said that, Monday should be interesting for China Sky. As you can see, there are many lines converging on Monday. If China Sky is able to open @ 1.98 and above (lower red), and break 2.02 resistance (upper blue), there would a high chance that China Sky can maintain its uptrend momentum.

All the more better if China Sky can break the 2.05 resistance (upper red), and with volume.

Support @ 1.92 (lower blue)

Good Luck !!

CH Offshore 211207

CH Offshore should be trading sideways for awhile.



For Monday :

Support @ 0.780 then 0.775
Resistance @ 0.808

Good Luck !!

BakerTech 211207

Baker Tech still looks to be trading within the downtrend channels (brown).



Good Luck !!

Cosco 191207

Although Cosco is still trading within the downtrend channel (brown), it is now within striking distance of the 5.65 resistance.



For tomorrow :

Support @ 5.15 and 4.967

Resistance @ 5.50, 5.65 and 5.81

Good Luck !!

China Aviation Oil 191207

China Aviation Oil hit the resistance @ 2.08 (brown and blue intersec) before closing at a low of 2.01 which is quite a bit off the support.



Although the low was higher, China Aviation Oil is still trading within the downtrend channel (brown).

In order to reverse this down trend China Aviation Oil would first have to break the downtrend resistance of 2.03 (brown), then 2.09 (blue), and with volume.

Support @ 1.88 (brown)

Good Luck !!

China Sky 191207

China Sky managed to break above the resistance @ 1.94 (brown) and closed @ 1.98 on 18 dec, which has showed some signs of a down trend reversal.



For tomorrow :

Support @ 1.913 (brown)

Resistance @ 2.00 (red)

Good Luck !!

CH Offshore 191207

Although CH Offshore was trading higher compared to 18 dec, it is still within the downtrend channel (brown).



In order to reverse the down trend, CH Offshore would have to break 2 resistance - 0.815 and 0.825, and with volume. That is, provided it can open above 0.795 on 21 dec.

Support @ 0.750 (brown) and 0.730 (blue).

Good Luck !!

BakerTech 191207

Baker Tech still looks to be trading within the downtrend channels (brown). It has also hit the support @ 0.315, which should hold for some time.



If the support of 0.315 breaks, next support will be 0.310 (brown) then 0.300 (blue).

Resistance @ 0.335 (brown).

Good Luck !!

Yangzijiang 181207

Nothing much has changed for Yangzijiang as it is still trading within the downtrend channel (red dashed and green dotted).



There should be strong support for Yangzijiang @ 1.86 - 1.87 level.

Tomorrow's support @ 1.83 (green dotted)
Resistance @ 1.89 (red dashed)

Good Luck !!

SPC 181207

Today, SPC broke up from the long term downtrend resistance (red) as well as the uptrend support (blue dotted).



8.00 still remains a bit psychological barrier for SPC to break. If that breaks, we may see it hitting 8.30 (red dashed).

For tomorrow :

Support @ 7.83 (red), 7.90 (blue dotted)
Resistance @ 8.00, 8.05 (green), 8.30 (red dashed)

Good Luck !!

Sky Petrol 181207

Sky Petrol broke down from its support of 0.460 on 17 dec and closed right on the down trend support @ 0.430.



Today saw Sky Petrol opening right on the support (0.420) before closing just above the downtrend support (green dashed) @ 0.450

Sky Petrol should still be trading within the downtrend channel (red, green dashed) unless it breaks above the downtrend support (green dashed) and 0.460 tomorrow with volume.

For tomorrow :

Support @ 0.410 (red) and 4 dec low.
Resistance @ 0.440 (green dashed) and 0.460 (red dashed)

Good Luck !!

SGX 181207

I've shifted the downtrend resistance (red dashed) downwards to join the peak of 12, 17 and 18 dec.



Looks like SGX is still on the down trend and trading within the channel (red dashed and green dashed).

If SGX breaks 12.00, we may see it testing 11.70 (24 sep low), which is also the support for tomorrow (green dashed).

Resistance for tomor @ 12.57 (red dashed)

Good Luck !!

Lian Beng 181207

Although Lian Beng opened below the downtrend support (green), it recovered and even broke through 4 trendlines (green, green dashed and blue dotted / dashed) before closing just below the uptrend support (blue dashed).



If Lian Beng can open above the green lines with volume, we may see it reverse its downtrend. Better still if Lian Beng can break up the blue dotted and dashed lines.

For tomorrow :

Support @ 0.6848, 0.7024, 0.705
Resistance @ 0.720 (blue dotted), 0.7288 (blue dashed) and 0.735 (red)

Good Luck !!