STX Pan Ocean 280208

Although STX Pan Ocean traded above the downtrend resistance today, there was no volume. However, it is still trading within the uptrend channel (blue).



From the chart, STX Pan Ocean could have formed a double-top, with the peaks on 18 feb and 27 feb.

For tomorrow :

Support @ 2.966 (upp pink), 2.905 (mid pink)
Resistance @ 3.00 (low blue), 3.16 (mid blue)

Good Luck !!

Uni Asia Finance 280208

Right after our discussion on 26 feb, Uni Asia Finance broke the short term uptrend support (light blue) and long term downtrend support (low pink). Uni Asia Finance even closed below the psychological support (blue) of 0.760 today.



I've also added a short term downtrend channel (pink --). From the chart, we can see that if Uni Asia Finance continues to trade within this channel, we might see it testing the long term downtrend support (red) soon.

For tomorrow :

Support @ 0.7411 (low pink --), 0.700 (red)
Resistance @ 0.760 (blue), 0.7844 (low pink), 0.829 (mid pink)

Good Luck !!

BakerTech 280208

BakerTech failed to stage any reversal, instead, it went into a free-fall. BakerTech also broke 3 trendlines - the short term uptrend suuport (green), the long term downtrend support (low pink ...) and long term uptrend support (blue) on 27 feb.



I've added a downtrend channel (red) which I think BakerTech would be trading for the time being. We may see BakerTech testing the downtrend channel (pink) 1st before there can be any chance of a reversal.

For tomorrow :

Support @ 0.290 (upp red --), 0.280 (low red --)
Resistance @ 0.300 (low red), 0.310 (upp red, blue, low pink ...)

Good Luck !!

Yangzijiang 280208

From the chart, we can see that Yangzijiang is currently trading below many support lines.



Watch for any breakout with volume.

For tomorrow :

Support @ 1.143 (mid red --), 1.07 (low red --)
Resistance @ 1.17 (upp red --), 1.23 (low red), 1.26 (mid red)

Good Luck !!

Sky Petrol 260208

After hitting a high of 0.390 on 19 feb, Sky Petrol traded sideways, probably due to profit taking. I've done some housekeeping and updated the trendlines.



For tomorrow :

Support @ 0.360 (green), 0.343 (low red), 0.335 (blue --)
Resistance @ 0.367 (mid red), 0.384 (upp red)

Good Luck !!

STX Pan Ocean 260208

We did indeed see STX Pan Ocean soften a little after 20 feb. Having said that, we still see STX Pan Ocean trading within the short term uptrend channel (blue), although it hit the downtrend resistance (upp pink) and uptrend resistance (mid blue) today.



For tomorrow :

Support @ 2.913 (low blue), 2.78 (green)
Resistance @ 3.00 (upp pink), 3.07 (mid blue), 3.14 (18 feb high)

Good Luck !!

Uni Asia Finance 260208

Uni Asia Finance broke the downtrend (low pink) and uptrend support (low light blue) of 0.852 today.



It also seems that Uni Asia Finance is forming a Head & Shoulders formation, with 20 feb till today being the head part.

If you look at 14 jan, Uni Asia Finance went on a free fall after hitting the 0.880 level. Watch for the 0.760 support too.

For tomorrow :

Support @ 0.80 (low pink), 0.760 (blue), 0.725 (red)
Resistance @ 0.842 (mid pink), 0.869 (low light blue), 0.932 (mid light blue)

Good Luck !!

Yangzijiang 260208

Yangzijiang tested the 1.20 level today but failed to break it. Could this be the third of the triple-bottom formation?



I've also re-adjusted the trendlines, and also removed some.

For tomorrow :

Support @ 1.204 (upp red --), 1.18 (low red --)
Resistance @ 1.2637 (low red), 1.289 (mid red), 1.31 (low light blue --), 1.38 (upp red)

Good Luck !!

Yangzijiang 250208

Yangzijiang traded below the short term uptrend support (light blue --) last friday 22 feb. Today, we saw Yangzijiang breaking through the long term downtrend support (low red) but just managing to close on the support.



Volume remains to be around the 30m level. Accumulation?

If Yangzijiang continues to trade within the downtrend channel (red) we might see it testing the 1.20 level very soon. Maybe even tomorrow or wednesday.

Watch for any breakout with volume.

For tomorrow :

Support @ 1.212 (low red), 1.157 (upp red --)
Resistance @ 1.302 (low light blue --), 1.311 (mid red), 1.387 (low blue), 1.40 (upp red)

Good Luck !!

SPC 220208

After bottoming off the week before last (11-15 feb), SPC shot up like a rocket. It broke above the downtrend support (low red) and uptrend support (low blue --) on 20 feb.



We even saw SPC breaking the downtrend resistance (upp red) and uptrend resistance (mid blue --) with volume on 21 feb. If SPC continues trading within the uptrend channel (blue --), we may see it testing the 1st psychological resistance (green --) of 7.35 very soon.

And don't forget that SPC's falls are equally dramatic.

For monday :

Support @ 6.863 (low blue --), 6.60 (mid red), 6.334 (low red)
Resistance @ 7.228 (mid blue --), 7.35 (green --), 7.50 (light blue)

Good Luck !!

Semb Marine 220208

After breaking through a few resistances on 15 feb, Sembcorp Marine went sideways a little, which is probably due to profit taking.



I've removed and adjusted some of the trend lines to give a better view.

For monday :

Support @ 3.40 (upp blue), 3.354 (mid red), 3.316 (green), 3.243 (low blue)
Resistance @ 3.50 (upp red), 3.59 (24 jan high)

Good Luck !!

Olam 220208

Olam is still trading sideways. It seems that the whole market is still quite undecided where it wants to head to.



However, things look interesting for Olam as the downtrend resistance (upp red) converges with the uptrend support (low blue) some time in the middle of this week.

Watch for any break out with volume.

For monday :

Support @ 2.604 (low blue), 2.55 (mid red), 2.45 (low red)
Resistance @ 2.64 (upp red), 2.69 (mid blue), 2.745 (upp blue)

Good Luck !!

Lian Beng 220208

Lian Beng just about managed to stay within the short term uptrend channel (green), although it did break slight below the support (low green).



Will we see another break out? Just like what happened on 19 feb? If Lian Beng breaks the uptrend support (low green), it will probably trade within the downtrend channel (pink).

For monday :

Support @ 0.571 (low green), 0.544 (low pink), 0.517 (blue)
Resistance @ 0.584 (upp pink), 0.600 (mid green), 0.623 (upp green)

Good Luck !!

Ferro China 220208

Ferro China seems to have come off the boil after hitting short term uptrend resistance (upp light blue) on 20 feb. Profit taking ?



We might see Ferro China trading within the downtrend channel (pink --), with 1.30 as the short term support (low light blue meeting low pink --)

For monday :

Support @ 1.558 (mid light blue), 1.458 (low pink --), 1.40 (low light blue)
Resistance @ 1.625 (upp pink --), 1.716 (blue), 1.738 (upp light blue)

Good Luck !!

Cosco 220208

We were discussing if Cosco could complete a double-bottom on 12 feb. On 18 feb, we thought it would after Cosco broke above the long term uptrend support (light blue). But the uptrend momentum wasn't sustained and Cosco weakened thereafter.



On 20 feb, Cosco went below the long term downtrend support (low red ...) again, and it even traded below the short term uptrend support (low blue) on 22 feb. Are we looking at a triple bottom?

For monday :

Support @ 4.076 (upp pink), 3.85 (mid pink, 22 jan low)
Resistance @ 4.32 (low pink --), 4.37 (low blue), 4.42 (low red ...), 4.48 (upp pink --)4.725 (upp blue)

Good Luck !!

China HongX 220208

After breaking out of the downtrend resistance (upp red) on 18 feb, China Hongx weakened, probably due to profit taking. It is still above the downtrend resistance (upp red) though.



Last friday (22 feb) saw China Hongx opening below the short term uptrend (low green --) but still managing to close above it.

If it continues trading in the downtrend channel (pink), which I think it would, we might see China Hongx testing the reversal point of 0.605 (12 feb).

For monday :

Support @ 0.678 (low green --), 0.628 (low pink), 0.604 (upp red)
Resistance @ 0.694 (upp pink), 0.711 (upp green --), 0.730 (low green)

Good Luck !!

BakerTech 220208

BakerTech traded below the uptrend support (low green) on 22 feb. This is the 2nd Doji it has formed, the 1st being on 21 feb. These 2 Dojis showed that the market is still uncertain, with most people choosing to be on the sidelines, as shown in the volume.



If we see another Doji forming on monday that is higher than the one on 22 feb, it could signal a downtrend reversal (Tri Star). If not, we might see BakerTech trading within the downtrend channel (pink ...) with 0.310 as the eventual support (low pink ... meeting blue).

For monday :

Support @ 0.315 (low pink ...), 0.307 (blue)
Resistance @ 0.335 (low green), 0.345 (upp pink ...)

Good Luck !!

Ferro China 200208

Ferro China broke above the long term down trend channel (red) with volume on 18 feb, and traded within the higher downtrend channel (pink).



On 19 feb, Ferro China gapped up and broke the uptrend resistance (mid light blue), again with volume. It is currently trading the the upper channel (light blue).

If Ferro China can continue to trade within this channel (light blue), it could well test the long term uptrend support (blue) very soon).

For tomorrow :

Support @ 1.507 (mid light blue), 1.477 (low pink --), 1.34 (low light blue)
Resistance @ 1.647 (upp pink --), 1.68 (upp light blue), 1.711 (blue)

Good Luck !!

STX Pan Ocean 200208

Although STX Pan Ocean is just about still trading within the uptrend channel (blue), it formed a Doji on 18 feb. With the trend prior to that was an uptrend, we could see STX Pan Ocean soften due to some profit taking.



I've added a short term downtrend channel (pink). It is also important to see if the long term uptrend support (green) holds for STX Pan Ocean. If it fails to hold, we could see STX Pan Ocean trading within the lower downtrend channel (red).

For tomorrow :

Support @ 2.90 (low blue), 2.766 (green), 2.718 (low pink)
Resistance @ 3.016 (mid blue), 3.08 (upp pink), 3.247 (upp blue)

Good Luck !!

Uni Asia Finance 200208

After our discussion on 15 feb, Uni Asia Finance did go on and break the 0.760 psychological resistance on 18 feb. However, it did not manage to break the long term downtrend resistance (red), and short term uptrend resistance (mid light blue).



The real signal came on 19 feb when Uni Asia Finance broke the 2 resistances (red, mid light blue) with volume. I've a feeling the next psychological support/resistance would be around the 0.880 level (14 jan low).

For tomorrow :

Support @ 0.875 (low pink), 0.860 (mid light blue), 0.80 (low light blue), 0.772 (red)
Resistance @ 0.986 (upp pink), 1.00 (upp light blue)

Good Luck !!

Yangzijiang 200208

Yangzijiang opened below the short term uptrend support (low light blue) today. As discussed on 15 feb, Yangzijiang also tested the neckline of 1.47 (high of 1.48) on 18 feb but failed to break it. Thus, the dip in the next few days could be due to profit taking.



However, it momentarily broke through the long term downtrend support (low red) today, but still managed to close above the support line.

I've added another short term uptrend channel (light blue --) to see if Yangzijiang can stage a rebound. If it doesn't, we may see it testing the 1.20 level (6 feb low).

For tomorrow :

Support @ 1.277 (low light blue --), 1.264 (low red), 1.206 (upp red --)
Resistance @ 1.358 (mid red, low blue), 1.394 (low blue, upp light blue --), 1.447 (upp red)

Good Luck !!

China Sky 180208

China Sky has somewhat weakened after breaking out on 13 feb. I've amended the uptrend channel (blue) to a less steeper one (green) and I've also added a downtrend resistance (pink).



If China Sky cannot maintain within the uptrend channel (green), we may see it trading downwards in the downtrend channel (pink).

For tomorrow :

Support @ 1.52 (low green), 1.39 (upp red)
Resistance 1.54 (upp pink), 1.66 (upp green)

Good Luck !!

CH Offshore 180208

If you had read my posting on 11 feb, you would have been watching for the signal to enter. The signal for CH Offshore came on 15 feb when it broke above the long term downtrend support (low red) with volume.



I've just added a short term uptrend channel (green). CH Offshore is also trading quite near the long term downtrend resistance (upp red) so expect some profit taking.

For tomorrow :

Support @ 0.630 (low green), 0.605 (upp green --), 0.583 (low green --)
Resistance @ 0.640 (upp red), 0.656 (upp green)

Good Luck !!

BakerTech 180208

BakerTech has been climbing steadily within the uptrend channel (green) for the last 2 weeks or so. We may see some consolidation as BakerTech trades nearer to the long term downtrend resistance (pink ...).



If BakerTech can break through this resistance (pink ...), we could see it forming some support at the 0.350 level.

For tomorrow :

Support @ 0.330 (mid green), 0.315 (low green), 0.305 (blue)
Resistance @ 0.350 (pink ...), 0.355 (upp green)

Good Luck !!

Lian Beng 150208

As discussed on 12 feb, we did indeed see some action on 13 and 14 feb. However, the breakout didn't last long and Lian Beng lost steam and probably succumbed to profit taking on 15 feb. However, Lian Beng still managed to just about closed on the downtrend support (low pink).



Next week will be interesting as we see if Lian Beng can maintain trading within the short term uptrend channel (green), If not, we might see it going into the downtrend channel (pink --) again.

For monday :

Support @ 0.550 (low pink, low green), 0.535 (upp pink --), 0.510 (blue)
Resistance @ 0.576 (mid green), 0.602 (upp green)

Good Luck !!

Olam 150208

Olam's movement has been rather topsy turvy of late. But looking at the bigger picture, Olam could be forming a Symmetrical Triangle (upp red, converging with low blue).



Watch for any breakout with volume if you're thinking of going in.

For monday :

Support @ 2.55 (mid red), 2.51 (low blue), 2.42 (low red)
Resistance @ 2.663 (upp red), 2.776 (mid blue), 2.85 (upp blue)

Good Luck !!

Semb Marine 150208

Sembcorp Marine's recovery this week was just as spectular as its fall about a month ago. Resistance could be at 3.59 which was the high on 24 jan.



For monday :

Support @ 3.42 (upp blue), 3.34 (mid red), 3.27 (low blue), 3.22 (low red)
Resistance @ 3.59 (24 jan high), 3.63 (upp red), 3.714 (low light blue)

Good Luck !!

Sky Petrol 150208

As discussed on 6 feb, the reversal signal for Sky Petrol did not quite materialise on 11 feb as it opened high and closed on the previous day's closing.



However, the signal came on 12 feb when Sky Petrol formed another Doji, this time right on the 0.315 psychological level (light blue --).

Sky Petrol broke out with volume on 13 feb, breaking the downtrend resistance (upp pink --) and the 0.335 psychological resistance (blue --) along the way.

I've added a short term uptrend channel (green), and if Sky Petrol is able to maintain this uptrend momemtum, we might even see it testing the downtrend resistance (low red) very soon.

For monday :

Support @ 0.335 (blue --, upp green), 0.320 (upp pink --), 0.315 (light blue --)
Resistance @ 0.362 (upp green), 0.366 (low red), 0.370 (low blue)

Good Luck !!

STX Pan Ocean 150208

After gapping down on 6 feb, STX Pan Ocean did not spend too much time in the downtrend channel (red). It opened above 3 trendlines (green, upp red, upp pink) on 13 feb but closed down below the same 3 trendlines.



14 feb saw STX Pan Ocean breaking above the long term uptrend support (green) with volume and closing above it. STX Pan Ocean's rises and falls have always been quite breath-taking. Will we witness another round of dramatic fall?

I've added a short term uptrend support channel to see if STX Pan Ocean can maintain this uptrend momemtum.

For monday :

Support @ 2.87 (mid blue), 2.75 (low blue, green), 2.587 (upp red)
Resistance @ 3.10 (upp blue), 3.23 (blue --)

Good Luck !!

Uni Asia Finance 150208

Uni Asia Finance tested the 0.760 psychological resistance thrice this week. Will it be able to break out of this resistance after spending more than 3 weeks trading below this resistance.



I've added a short term uptrend channel (light blue). If Uni Asia Finance can maintain within this channel, we might see it testing the long term downtrend resistance (red) very soon.

For monday :

Support @ 0.7445 (low light blue), 0.7288 (upp red --), 0.635 (mid red --)
Resistance @ 0.760 (psy resist), 0.810 (red, upp light blue)

Good Luck !!

Yangzijiang 150208

As discussed on 6 feb, Yangzijiang was trading largely within the downtrend channel (red --) until 14 feb, when it broke above the downtrend resistance (upp red --) with volume. It closed right on the long term downtrend support (low red).



The next day, we saw Yangzijiang trading within the short term uptrend channel (blue) which I added on 1 feb. I've also added another short term uptrend channel (light blue). If Yangzijiang can maintain within these 2 uptrend channels (blue, light blue) this week, we could well see it testing the neckline of 1.47 (21, 25 jan high)

For monday :

Support @ 1.33 (low blue, low light blue), 1.314 (low red), 1.26 (upp red --)
Resistance @ 1.439 (upp blue), 1.453 (upp light blue), 1.47 (neckline), 1.50 (upp red)

Good Luck !!

China Aviation Oil 130208

If you compare the charts between 13 feb and 11 feb, you will notice that the short term uptrend channel for China Aviation Oil is now less steep, and follows the recent trend more closely.



I've also added a short term downtrend channel (pink --), which joined the peaks of 18 and 25 jan. You can see that China Aviation Oil just managed to 'peek' above this resistance today. And also, China Aviation Oil also traded above the long term downtrend support (low red).

If China Aviation Oil can maintain within this uptrend channel (blue), we might see it testing the 2 long term downtrend resistances (upp red, pink).

For tomorrow :

Support @ 1.493 (low blue), 1.462 (low red), 1.40 (low pink --)
Resistance @ 1.504 (upp pink --), 1.54 (upp blue), 1.59 (29, 30 jan high)

Good Luck !!

China Sky 130208

China Sky is still trading within the short term uptrend channel (blue).



For tomorrow :

Support @ 1.53 (low blue), 1.422 (upp red)
Resistance 1.63 (mid blue), 1.74 (upp blue)

Good Luck !!

BakerTech 130208

BakerTech broke out yesterday (12 feb) with volume. From the chart, you can see that BakerTech broke above 4 trendlines - 2 downtrend resistances (pink, red --), uptrend resistance (green) and uptrend support (blue).



Today, we saw BakerTech trading and closing above the long term uptrend support for the first time since 22 jan. However, it is still a long way from its 0.380 psychological resistance.

For tomorrow :

Support @ 0.304 (blue), 0.300 (low green), 0.295 (upp pink), 0.291 (upp red --)
Resistance @ 0.317 (mid green), 0.325 (16, 18 jan high), 0.340 (upp green)

Good Luck !!

Lian Beng 120208

Nothing much has changed for Lian Beng since we last discussed on 1 feb. It is still trading within the downtrend channel (pink --).



However, seeing that the lows over the last few trading days have been higher, I've added a short term uptrend channel (green) to see if Lian Beng can reverse this downtrend.

As you can see from the chart, the uptrend resistance (upp green) meets the downtrend resistance (upp pink) either tomorrow or thursday. Volume has also been somewhat on the low side, suggesting that most of the selling is done. So we might see some action soon.

For tomorrow :

Support @ 0.537 (low green), 0.514 (low pink --), 0.503 (blue)
Resistance @ 0.552 (upp pink), 0.5653 (upp green), 0.5682 (upp pink)

Good Luck !!

Ferro China 120208

After breaking the long term uptrend support (blue) on 14 jan, Ferro China went tumbling down and almost hit 1.00 on 1 feb. Ferro China managed to recover about 30% since then.



It remains to be seen if Ferro China can maintain its uptrend momentum (light blue). If it fails to break the long term downtrend resistance (upp red), we might see Ferro China trading within the lower downtrend channels (red -- and pink --).

For tomorrow :

Support @ 1.20 (low red), 1.18 (low light blue), 1.16 (upp pink --), 1.07 (low pink --)
Resistance @ 1.277 (low pink), 1.30 (upp red), 1.34 (upp light blue)

Good Luck !!

Cosco 120208

As discussed on 1 feb, Cosco touched the 4.00 level (3.98 low) on 11 feb. Would Cosco be able to complete the Double-Bottom formation? Neckline looks to be around the 4.98 level.



If Cosco fails to break above the resistances (pink), we might see it breaking below the 4.00 level and trade within the lower downtrend channel (pink --).

For tomorrow :

Support @ 3.93 (upp pink --), 3.697 (low pink --)
Resistance @ 4.197 (low pink), 4.438 (upp pink), 4.50 (low red ...), 4.635 (blue)

Good Luck !!

China Aviation Oil 110208

Another one that couldn't maintain its uptrend momemtum. China Aviation Oil broke below the short term uptrend support (low blue) on 6 feb but managed to find support on the downtrend resistance (upp red --).



We may see China Aviation Oil continue to trade sideways if it fails to break the downtrend resistance (low red) and uptrend support (low blue).


For tomorrow :

Support @ 1.41 (upp red --)
Resistance @ 1.50 (low red), 1.58 (low blue)


Good Luck !!

China Sky 110208

After our discussion on 30 jan, China Sky couldn't maintain its uptrend momentum and traded sideways.



China Sky managed to break above the downtrend resistance (upp red) today but closed right on the resistance line. I've added a parallel support (low blue) to see if China Sky can trade within this channel (blue).

If China Sky fails to maintain its momentum, we might see it trading within the downtrend channel (red).

For tomorrow :

Support @ 1.442 (low blue, upp red), 1.332 (mid red), 1.20 (low red)
Resistance @ 1.541 (mid blue), 1.64 (upp blue)

Good Luck !!

CH Offshore 110208

Nothing much has changed for CH Offshore since our last discussion on 31 jan. From the chart, we can see that CH Offshore is trading nearer and nearer to the downtrend resistance (upp pink).



If CH Offshore fails to break that, we may see it trading in the lower downtrend channels (red --)

For tomorrow :

Support @ 0.524 (upp red --), 0.502 (mid red --, low pink)
Resistance @ 0.560 (upp pink), 0.576 (red)

Good Luck !!

BakerTech 110208

Ever since hitting a peak of 0.315 on 5 feb, BakerTech's volume has fallen drastically.



We may see BakerTech weakening in the coming days if it fails to break above the long term uptrend support (blue).

For tomorrow :

Support @ 0.290 (low green), 0.2765 (low pink), 0.270 (low red --)
Resistance @ 0.295 (upp red --), 0.3035 (upp pink, blue), 0.306 (upp green)

Good Luck !!

Sky Petrol 060208

Sky Petrol formed a Grave Stone Doji on 4 feb. As the trend prior to the doji was more a downtrend, there was inital hope that this Doji on 4 feb could be a reversal signal.



However, on 5 feb, Sky Petrol closed right on the psychological support of 0.315.

On 6 feb, it gap down and formed a Doji on 6 feb. To confirm a downtrend reversal (bullish morning doji star), we would need to see Sky Petrol opening at least 0.305 or higher, and closing much higher.

For monday :

Support @ 0.300 (mid pink --), 0.2888 (low pink --)
Resistance @ 0.315 (light blue --), 0.325 (blue --, upp pink --)

Good Luck !!

SPC 060208

SPC broke below the short term uptrend support (low blue --) on 6 feb, which was a half trading day. Could be due to profit taking.



We might see SPC trading sideways within the channels (pink, red) for the time being as there will always be people taking profit.

For monday :

Support @ 6.50 (upp red), 6.242 (low red), 6.168 (low pink)
Resistance @ 6.60 (upp pink), 6.76 (low blue --)

Good Luck !!

STX Pan Ocean 060208

After breaking above the long term support (green) and hitting a high of 2.82 on 4 feb, STX Pan Ocean lost steam and closed below the support (green) on the next day (5 feb).



6 feb, which was a half-trading day, saw STX Pan Ocean gap down. Although STX managed to break above out on 4 feb, there wasn't enough volume to suggest it was a true breakout.

We should still see STX Pan Ocean trading within the downtrend channel (low/mid red) for the time being.

For monday :

Support @ 2.217 (low red), 2.17 (low pink)
Resistance @ 2.632 (mid red), 2.72 (upp pink, green)

Good Luck !!

Uni Asia Finance 060208

Nothing much has changed for Uni Asia Finance as it is still trading within the downtrend channel (red --).



Uni Asia Finance will first have to break above the long term uptrend support (blue) before it has any chance of reversing its downtrend.

For monday :

Support @ 0.6235 (low red --), 0.584 (red ...)
Resistance @ 0.682 (upp red --), 0.7578 (blue)

Good Luck !!

Yangzijiang 060208

Yangzijiang broke below the short term uptrend support (low blue) on last wed's half-day trading.



We should see Yangzijiang trading within the downtrend channel (upp/mid red --) for the time being.

For monday :

Support @ 1.15 (mid red --), 1.10 (upp pink), 1.014 (mid pink)
Resistance @ 1.234 (upp red --), 1.28 (low blue), 1.386 (upp blue)

Good Luck !!

Happy Chinese New Year !!

Here's wishing everybody a prosperous and bountiful 2008 !!

China Aviation Oil 010208

After recovering from its 22 jan low, China Aviation Oil seems to be trading sideways for the time being.



However, it did managed to close just above the downtrend support (mid red) on 1 feb. If China Aviation Oil breaks this support, it may trade within the lower downtrend channel (red --). Could it also be doing a Double-Bottom formation like Cosco?


For monday :

Support @ 1.507 (low blue), 1.485 (mid red, upp red --), 1.367 (low red --), 1.351 (low red)
Resistance @ 1.654 (upp blue), 1.702 (pink), 1.74 (upp red)

Good Luck !!

Cosco 010208

Cosco broke below the long term uptrend support (light blue), as well as the long term downtrend channel (red ...).



If Cosco breaks the short term uptrend support (blue), we may see it testing the 4.00 level. Could Cosco be doing a Double-Bottom formation?

For monday :

Support @ 4.351 (blue), 4.214 (upp pink --), 4.00 (low pink --)
Resistance @ 4.50 (low pink), 4.539 (low red ...), 4.624 (light blue), 4.743 (upp pink), 4.872 (upp red ...)

Good Luck !!

Lian Beng 010208

As discussed on 25 jan, Lian Beng is still trading within the downtrend channel (pink).



For monday

Support @ 0.555, 0.541, 0.528, 0.495 (blue)
Resistance @ 0.579, 0.600 (upp pink)

Good Luck !!