CH Offshore 310108

Since our last discussion on 28 jan, CH Offshore still looks to be going sideways for the time being.



Watch for volume if breakout is seen.

For tomorrow :

Support @ 0.530 (mid red --, upp pink --), 0.500 (mid pink --), 0.49 (low red --)
Resistance @ 0.552 (upp red --), 0.556 (low pink)

Good Luck !!

BakerTech 310108

BakerTech traded below the short term uptrend support (green) today. Volume is getting thinner and thinner, which could indicate selling pressure is getting lesser.



We may continue to see BakerTech trading within the downtrend channels (red --, pink) for the time being.

For tomorrow :

Support @ 0.263 (low red --), 0.258 (low red), 0.2503 (low pink)
Resistance @ 0.271 (mid pink), 0.2746 (upp red --), 0.2777 (upp pink), 0.281 (green, upp red)

Good Luck !!

Cosco 300108

Cosco broke the long term uptrend support (light blue) today. It also broke the downtrend support (red . .) Cosco is now resting on another downtrend support (mid pink).



If this support breaks, we might see Cosco testing the 4.00 level again, like it did on 22 and 23 jan.

For tomorrow :

Support @ 4.38 (mid pink), 4.12-4.14 (low pink, mid pink - -)
Resistance @ 4.56 (low red ...), 4.622 (light blue), 4.824 (upp pink), 4.89 (upp pink - -, upp red ...)

Good Luck !!

China Sky 300108

China Sky was trading within the steeper downtrend channel which I added on 28 jan. Short term support looks to be at around the 1.35 level.



I've added a short term uptrend support (blue), which happened to meet the downtrend resistance (upp pink) at 1.40 on 31 jan. So we may see some action tomorrow.

For tomorrow :

Support @ 1.40 (blue), 1.325 (mid red), 1.285 (low red, mid pink)
Resistance @ 1.40 (upp pink), 1.494 (upp green), 1.511 (upp red)

Good Luck !!

BakerTech 300108

BakerTech seems to be going sideways for the time being, with support at the 0.265 - 0.270 level.



You can see from the chart that many trendlines are converging this week. So expect action either tomorrow or friday.

For tomorrow :

Support @ 0.275 (green), 0.2609 (low red), 0.255 (low pink)
Resistance @ 0.275 (mid pink), 0.283 (upp pink, upp red)

Good Luck !!

China Sky 280108

After touching the downtrend support (low green) on 21 jan, China Sky recovered but is still trading within the downtrend channels.



I've also added another steeper downtrend channel (pink).

For tomorrow :

Support @ 1.34 (mid red), 1.283 (low red, mid green), 1.14 (low green)
Resistance @ 1.366 (mid pink), 1.474 (upp pink), 1.495 (upp green), 1.53 (upp red)

Good Luck !!

CH Offshore 280108

Another counter that should be going sideways for the time being. We should see CH Offshore trading within the downtrend channel (upp/mid pink - -) if it fails to break the downtrend support (mid red) soon.



For tomorrow :

Support @ 0.534 (mid pink - -), 0.486 (low pink - -), 0.480 (low red)
Resistance @ 0.560 (mid red, upp pink - -), 0.590 (low pink)

Good Luck !!

BakerTech 280108

Nothing much has changed for BakerTech since 23 jan as it is still trading below the long term uptrend support (blue).



We would probably see BakerTech trading within the downtrend channel (pink).

For tomorrow :

Support @ 0.2657 (red), 0.2632 (low pink), 0.2483 (upp pink - -), 0.233 (mid pink - -)
Resistance @ 0.2903 (upp pink), 0.2995 (blue)

Good Luck !!

China Aviation Oil 250108

China Aviation Oil managed to recover from its 22 jan low and even broke above the downtrend support (low red) last fri, 25 jan.



I've added a short term uptrend channel (green). If China Aviation Oil can maintain its uptrend momentum, we might see it testing the long term downtrend support (pink).

For monday :

Support @ 1.577 (low red, low green), 1.40 (upp red - -)
Resistance @ 1.722 (pink, upp gree), 1.844 (upp red)

Good Luck !!

Cosco 250108

Cosco managed to recover above the long term uptrend support (light blue) on 24 jan. However, it failed to break the downtrend resistance (upp pink).



If Cosco fails to break the 2 resistances (upp pink, upp pink - -), we might see it trading within the downtrend channel (red . .)

For monday :

Support @ 4.59 (light blue, low red . .), 4.29 (mid pink - -), 4.24 (mid pink)
Resistance @ 4.96 (upp pink), 5.03 (upp pink - -)

Good Luck !!

Lian Beng 250108

Lian Beng managed to recover after it hit a low of 0.480 (2 oct low) on 22 jan. It also managed to break above the downtrend resistance (mid pink) on 25 jan.



If Lian Beng can break above the higher downtrend resistance (upp pink), we might see it testing the last support of 0.670 (blue - -). If not, Lian Beng will probably trade within the upper downtrend channel (between mid and high pink).

For monday :

Support @ 0.561 (mid pink)
Resistance @ 0.630 (upp pink), 0.670 (blue - -)

Good Luck !!

Olam 250108

Is Olam trying to complete a Triple Bottom formation? Its first bottom was on 23 nov, second bottom on 18 dec, and the 3rd bottom could be on 22 jan. Neckline looks to be at 3.06.



For monday :

Support @ 2.79 (low light blue), 2.72 (mid red), 2.53 (low red)
Resistance @ 2.987 (upp light blue), 3.04 (blue) 3.06 (neckline)

Good Luck !!

Semb Marine 250108

After breaking 2 supports (low pink, low blue) on 22 & 23 jan, Sembcorp Marine managed to recover and close above 2 resistances (upp pink, upp blue) today.



However, as you can see from the chart, Sembcorp Marine is still on the downtrend.

For monday :

Support @ 3.49 (upp blue), 3.424 (upp pink), 3.34 (low blue)
Resistance @ 3.558 (low red), 3.68 (mid red)

Good Luck !!

Sky Petrol 250108

Sky Petrol managed to trade above the 2 support trendlines (blue - - and light blue - -) today. I've also added a short term uptrend channel (blue).



If Sky Petrol can maintain its uptrend momentum, we might see it trying to break above the downtrend channel (pink - -) on 29 jan.

For monday :

Support @ 0.3405 (low pink - -), 0.335 (blue - -), 0.320 (low blue)
Resistance @ 0.3655 (upp blue), 0.3746 (upp pink - -), 0.4095 (low red)

Good Luck !!

SPC 250108

The monday after our discussion on 18 jan, SPC broke the last 2 support and went into a free-fall. It even went slightly below (5.19) the low of 16 & 17 aug (5.20).



SPC has now fallen 2.31 (7.50 - 5.19), more than the 1.55 difference which we calculated on 18 jan. So we might see SPC recovering a little and trading within the lower blue channel.

For monday :

Support @ 5.50
Resistance @ 5.895 (mid blue)

Good luck !!

STX Pan Ocean 250108

Although STX Pan Ocean managed to recover from its low on 22 jan, it is still trading within the downtrend channel (red - -).



I've added a short term uptrend channel (blue) but it remains to be seen on monday if STX Pan Ocean can break above the long term uptrend support (green). Short term resistance could be at 2.70, where the 3 trendlines (red, green, blue) converge.

For monday :

Support @ 2.40 (blue), 2.318 (low red)
Resistance @ (2.524 (upp red - -), 2.687 (green, blue), 2.731 (mid red)

Good Luck !!

Uni Asia Finance 250108

Not only did the support (low red) hold well, we even saw Uni Asia Finance close right on the psychological support of 0.760 today.



I've added a short term uptrend channel (green) as it remains to be seen if Uni Asia can maintain its upward momentum on monday.

For monday :

Support @ 0.700 (upp pink), 0.608 (mid pink)
Resistance @ 0.766 (low red - -), 0.844 (green), 0.857 (mid red - -)

Good Luck !!

Yangzijiang 250108

Yangzijiang managed to climb above the downtrend support (low red) today.



We should see Yangzijiang testing the long term uptrend support (green) next week.

For monday :

Support @ 1.38 (low red), 1.26 (upp red - -)
Resistance @ 1.502 (green), 1.53 (low red)

Good Luck !!

Lian Beng 230108

I've added another support (green - -) for Lian Beng. This was the level (0.480 - 0.490) from where Lian Beng broke up on 2 oct 07.



From the chart, we can also see the long term uptrend support (blue) meeting this support (green - -) sometime next week.

If this support breaks, we might see Lian Beng going down to the 0.40+ region.

For tomorrow :

Support @ 0.490 (green - -), 0.485 (blue), 0.4656 (low pink)
Resistance @ 0.572 (mid pink)

Good Luck !!

Cosco 230108

Cosco is still trading below the long term uptrend support (light blue), and looks to be trading within the 2 downtrend channels (pink, low/mid pink - -).



If Cosco breaks the support (low pink), we could see it testing 3.50, as indicated by the pink - - trendline.

For tomorrow :

Support @ 3.773 (low pink), 3.725 (low pink - -)
Resistance @ 4.32 (upp pink), 4.392 (mid pink - -), 4.558 (light blue)

Good Luck !!

China Aviation Oil 230108

Nothing much has changed since our discussion on 21 jan - China Aviation Oil is still on the downtrend. I've added a downtrend support (low red - -) which joined the lows of 2 and 4 oct.



If China Aviation Oil cannot maintain above the downtrend resistance (upp red - -), we may see it testing the 1.20 level, as indicated by the downtrend support (low red - -).

For tomorrow :

Support @ 1.44 (upp red - -), 1.257 (low red - -)
Resistance @ 1.618 (low red), 1.735 (pink)

Good Luck !!

CH Offshore 230108

As discussed on 11 jan, after breaking the psychological support of 0.780, CH Offshore tumbled before finding some support @ 0.560 on 16 jan.



From the chart, we can see that CH Offshore is now trading below many support. It did, however, managed to find some support along the lower 2 trendlines (low red, low pink - -).

If CH Offshore maintains this downtrend, we may see it testing 0.450 next week, as indicated by the merging of the bottom 2 support trendlines (low red and low pink - -).

For tomorrow :

Support @ 0.520 (low pink - -), 0.500 (low red)
Resistance @ 0.562 (upp pink - -), 0.578 (upp red)

Good Luck !!

BakerTech 230108

BakerTech is currently still trading below 2 important trendlines - long term support (blue) and long term resistance (red).



BakerTech should find support @ 0.250 (17 aug low).

For tomorrow :

Support @ 0.250 (17aug low), 0.2473 (mid pink - -), 0.2294 (low pink - -)
Resistance @ 0.2739 (red), 0.2766 (low pink), 0.298 (blue)

Good Luck !!

STX Pan Ocean 220108

STX Pan Ocean gapped down today and failed to break above 2 trendlines - the downtrend support (low red) and downtrend resistance (upp pink).



If the downtrend support (low red - -) breaks, we'll find STX Pan Ocean trading within the downtrend channel (pink).

For tomorrow :

Support @ 2.057 (low red - -), 1.80 (low pink)
Resistance @ 2.267 (upp pink), 2.35 (low red)

Good Luck !!

Uni Asia Finance 220108

As discussed on 18 jan, after Uni Asia Finance broke through the 0.760 support on 21 jan, we saw Uni Asia trading in the lower downtrend channel (low,mid pink).



The next important support would be the long term downtrend support (low red). If this breaks, we might see Uni Asia heading for the 0.50, as indicated by the lower pink trendline.

For tomorrow :

Support @ 0.615 (low red), 0.600 (low pink)
Resistance @ 0.700 (mid pink), 0.760 (blue - -), 0.784 (upp pink), 0.886 (low red - -)

Good Luck !!

Yangzijiang 220108

Yangzijiang broke through the temporary support of 1.40 on 21 jan. It almost touched the downtrend support (low red - -) today.



If this support breaks, we might see Yangzijiang testing 1.00 or lower.

For tomorrow :

Support @ 1.131 (low red - -)
Resistance @ 1.301 (upp red - -), 1.42 (low red), 1.494 (green)

Good Luck !!

Semb Marine 210108

Sembcorp Marine has been free-falling ever since it broke 2 downtrend resistance (upp red, upp light blue) on 11 jan.



On 16 jan, Sembcorp Marine broke the downtrend support (low light blue). And today, it almost broke another downtrend support (low blue).

For tomorrow :

Support @ 3.358 (low blue), 3.291 (low pink)
Resistance @ 3.522 (upp blue, upp pink), 3.674 (low red), 3.81 (low light blue)

Good Luck !!

Cosco 210108

Would we see Cosco hitting 3.48 (17 aug low) again? Probably not this week. However, if Cosco breaks the downtrend support (low pink), who knows what will happen?



Cosco could be trading sideways within the gentler downtrend channel (red ...)

For tomorrow :

Support @ 4.61 (low red ...), 4.55 (light blue, low pink - -), 4.39 (low pink)
Reistance @ 4.943 (upp red ...), 5.103 (upp pink)

Good Luck !!

China Aviation Oil 210108

From the chart, we can see that China Aviation Oil broke down on 15 jan, when it broke the long term downtrend support (pink) and downtrend resistance (upp red - -).



China Aviation couldn't complete the double-bottom formation when it broke below the 1.92 support (red . .) on 14 jan too.

The difference from the peak on 6 dec (2.39) to the support of 1.92 is 47 cents. So we may see China Aviation Oil testing the 1.40 level soon. If you look at the chart, that is where the downtrend support (low red - -) is pointing to.

So we may see China Aviation Oil trading within this channel (red - -) this week.

For tomorrow :

Support @ 1.482 (low red - -)
Resistance @ 1.66 (upp red - -)

Good Luck !!

China Sky 210108

Ever since breaking the long term downtrend resistance (upp red) on 14 jan, China Sky has been trading nearer and nearer to the long term uptrend support (low green).



For tomorrow :

Support @ 1.35 (low red), 1.30 (mid green), 1.157 (low green)
Resistance @ 1.513 (upp green), 1.587 (upp red)

Good Luck !!

BakerTech 210108

BakerTech closed below the long term uptrend support (blue) today. We may see it trading between the support (blue) and long term downtrend resistance (red) for the time being.



For tomorrow :

Support @ 0.284 (low pink), 0.280 (red), 0.272 (upp pink - -)
Resistance @ 0.297 (blue), 0.3125 (upp pink)

Good Luck !!

Lian Beng 180108

Ever since falling from the neckline (0.670) on 15 jan, Lian Beng has testing this support turned resistance twice.



Would it be third time lucky ?

For monday :

Support @ 0.614 (green), 0.593 (low pink)
Resistance @ 0.663 (mid pink), 0.670 (neckline - blue - -), 0.691 (upp pink)

Good Luck !!

Sky Petrol 180108

Although Sky Petrol managed to close above the downtrend channel (pink), it is still quite some way off the previous support of 0.465 where it was free-falling from.



The difference from the support (0.465) to the peak (0.68) is 0.215. So on theory, Sky Petrol could still hit a low of 0.250.

For monday :

Support @ 0.350 (upp pink), 0.335 (blue - -), 0.315 (light blue - -, low red - -)
Resistance @ 0.374 (upp red - -), 0.3907 (upp pink - -)

Good Luck !!

SPC 180108

The day after our discussion on 16 jan, SPC almost hit the 6.00 level (day low 6.05). I got the 6.00 mark by subtracting the support of 7.50 from the peak of 9.05, which gave us 1.55. Then subtract this value from 7.50 and it gives us 5.95, which isn't far off from the low it went to (6.05) on 17 jan.



I've added a parallel support (low blue) which starts all the way back from 30 may (low of 5.05). We should see SPC trading within the blue channels for the time being.

For monday :

Support @ 6.256 (upp pink), 6.025 (low blue, low pink)
Resistance @ 6.507 (mid blue), 6.88 (low red, upp blue)

Good Luck !!

STX Pan Ocean 180108

Ever since breaking the long term uptrend support on 15 jan, STX Pan Ocean has found it difficult to trade on the upper side of the support. It is currently trading within the downtrend channel (red - -).



Although STX Pan Ocean managed to close above the short term downtrend channel (pink - -), it remains to be seen whether it has the momentum to break out of the longer downtrend channel (red - -). We may even see this happening on 22 jan when the downtrend resistance (upp red - -) meets the long term uptrend support (green).

It may still be a long way from breaking out of the long term downtrend channel (red).

For monday :

Support @ 2.489 (upp pink), 2.373 (low red), 2.18 (low red - -)
Resistance @ 2.659 (green), 2.703 (upp red - -)

Good Luck !!

Uni Asia Finance 180108

Uni Asia Finance may have found support @ 0.760, which is the low on 4 dec 07. However, from the chart, you can still that it is still on the downtrend.



If the support (blue - -) breaks again, we might even see Uni Asia testing the 0.60+ level.

For monday :

Support @ 0.760 (mid pink, blue - -), 0.665 (low pink), 0.635 (low red)
Resistance @ 0.840 (upp pink), 0.905 (low red - -)

Good Luck !!

Yangzijiang 180108

Yangzijiang seemed to have found temporary support (upp red) @ about the 1.39 - 1.40 level. However, it is still considered on the downtrend as it is currently trading below the long term uptrend support (green).



I've added a short term uptrend channel. If Yangzijiang can trade within this channel for next week, we may see it finding support above the uptrend support (green).

There may even be a chance for Yangzijiang to break above the long term downtrend resistance (red - -) at the end of next week.

For monday :

Support @ 1.445 (low blue - -), 1.407 (low red - -), 1.323 (upp red)
Resistance @ 1.494 (green), 1.572 (upp blue - -)

Good Luck !!

Yangzijiang 170108

Although Yangzijiang broke below the longterm uptrend support (green) initially, it still managed to close above the support.



Yangzijiang will need to trade above the support (green) for a few more days before we can see any chance of it reversing its downtrend.

For tomorrow :

Support @ 1.40 (low pink - -), 1.347 (low pink)
Resistance @ 1.501 (green, mid pink - -), 1.568 (upp pink - -), 1.632 (low red)

Good Luck !!

Cosco 170108

Cosco almost hit the downtrend support (low pink) today. It is still some way off the long term uptrend support (light blue).



For tomorrow :

Support @ 4.444 (low pink)
Resistance @ 4.77 (low pink - -), 4.963 (red . .), 5.155 (upp pink)

Good Luck !!

China Sky 170108

We should still see China Sky trading within the downtrend channels (green, red) for the time being.



Watch for volume if China Sky breaks above any of the resistance.

For tomorrow :

Support @ 1.366 (low red), 1.303 (low green)
Resistance @ 1.52 (upp green), 1.608 (upp red)

Good Luck !!

BakerTech 170108

BakerTech formed a Hammer today. Although it broke below the long term uptrend support (blue), downtrend resistance (pink, red), it managed to close above these trendlines.



Volume today was 10.6m lots traded. Watch for volume and a break out above the resistance for confirmation of downtrend reversal.

For tomorrow :

Support @ 0.2662 (upp pink - -), 0.248 (low pink - -)
Resistance @ 0.284 (red), 0.2967 (blue), 0.307 (low pink), 0.326 (upp pink)

Good Luck !!

Lian Beng 160108

Lian Beng broke through its neckline (blue - - -) after completing the Triple Top formation on 15 jan.



The difference from the neckline to the peak (3 jan - 0.82) is 16 cents. So the drop from the neckline would be @ around 0.50.

For 17 jan :

Support @ 0.5666 (upp pink)
Resistance @ 0.6286 (low red)

Sky Petrol 160108

Ever since failing to break the resistance convincingly on 8 jan, Sky Petrol has been free-falling within the downtrend channel (pink).



1st support level @ 0.335, which is the low around the sept 07 period.

2nd support level @ 0.315, which was from where it broke up on 20 aug 07.

Resistance 0.374 (upp pink).

Good Luck !!

SPC 160108

Although SPC broke the downtrend resistance (red . . .) on 14 jan, it also closed below the 7.35 support (green - - -) on 14 jan.



We may see SPC testing the 6.00 level (18 sep low) soon.

For 17 jan :

Support @ 6.49 (low blue), 6.326 (upp pink), 6.107 (low pink)
Resistance @ 6.854 (upp blue), 6.927 (low red)

Good Luck !!

SGX 160108

SGX failed to find support on the neckline (blue - - -) after completing the Head and Shoulders (H&S) formation on 14 jan.



I've added a parallel downtrend (red) which joins the lows of 4 oct, 20 nov and 23 nov. From the chart, you can also see that SGX traded below this downtrend support (low red) today (16 jan).

It will be awhile before we can see SGX testing the 11.00 resistance.

For 17 jan :

Support @ 9.01 (upp pink - - -), 8.39 (low pink - - -)
Resistance @ 9.557 (low red), 10.358 (low pink), 11.00 (neckline)

Good Luck !!

STX Pan Ocean 160108

STX Pan Ocean has broken through the long term uptrend support (green) on 15 jan. It has also lost what it has gained since 18 dec.



STX Pan Ocean looks to be trading within the upper downtrend channel (pink).

For 17 jan :

Support @ 2.253 (upp red - - -), 2.188 (low pink), 1.858 (low red - - -)
Resistance @ 2.655 (green, upp pink)

Good Luck !!

Yangzijiang 160108

Yangzijiang has broken through the long term uptrend support (green). We may see it testing the downtrend channel (pink) before attempting to reverse its downtrend.



For 17 jan :

Support @ 1.36 (upp pink), 1.28 (mid pink), 1.18 (low pink)
Resistance @ 1.49 (green, low pink), 1.578 (upp pink), 1.644 (low red)

Good Luck !!

BakerTech 150108

We may see Baker Tech testing the 0.300 level before it attempts to reverse its downtrend.



For tomorrow :

Support @ 0.3126 (upper red), 0.300 (lower pink), 0.296 (blue)
Resistance @ 0.3283 (upper pink), 0.3368 (lower light blue) 0.3504 (middle light blue)

Good Luck !!

China Sky 140108

China Sky broke through 2 important support lines today (lower red, upper green).



I've added a parallel downtrend support line (lower green), which joined the low of 13 jul and 22 aug.

For tomorrow :

Support @ 1.5256 (lower green)
Resistance @ 1.64 (lower red), 1.694 (upper green)

Good Luck !!

Cosco 140108

Cosco today broke through the long term uptrend support (light blue), and it also broke through the downtrend resistance (lower pink) and another downtrend resistance (upper orange).



I've added another support line which joined the lows of 27 sep and 18 sep (pink dashed). We may see Cosco trading above the support for the next few days. If this support breaks, Cosco would probably trade downwards within the orange channels.

For tomorrow :

Support @ 5.00 (pink dashed), 4.814 (middle orange),
Resistance @ 5.1065 (upper orange), 5.257 (lower pink), 5.50 (upper pink, light blue)

Good Luck !!