Olam 010208

Olam seemed to have recover well from its low of 2.18 on 22 jan. It is currently trading within the uptrend channel (blue) which I've just added.



If Olam can maintain its push upwards toward the higher uptrend channel (light blue), we may see Olam testing the 3.06 resistance in the near future.

For monday :

Support @ 2.662 (mid blue), 2.555 (low red), 2.445 (low blue)
Resistance @ 2.707 (upp red), 2.80 (upp blue), 2.86 (low light blue)

Good Luck !!

Semb Marine 010208

Each time Sembcorp Marine recovers, it hits a new low a few days later. Sembcorp Marine is currently trading below many many trendlines.



We may see Sembcorp Marine testing 3.00 if the downtrend continues.

For monday :

Support @ 3.025 (mid pink), 3.00 (low red --), 2.965 (low pink)
Resistance @ 3.133 (mid red --), 3.271 (upp red --), 3.286 (upp pink), 3.308 (low blue)

Good Luck !!

SGX 010208

SGX almost touched the psychological resistance of 11.00 (10.96) on 25 jan, before retreating.



Could SGX be doing a double-bottom?

For monday :

Support @ 9.57 (low blue), 9.15 (upp red), 9.00 (low pink), 8,787 (low red)
Resistance @ 9.70 (upp pink), 10.27 (upp blue)

Sky Petrol 010208

Sky Petrol could not maintain its uptrend momentum and broke below the uptrend channel which I added on 25 jan. Sky Petrol even touched the 0.315 support on 31 jan, and broke below this support briefly on 1 feb.



If the 0.315 support breaks, we may see Sky Petrol trading within the downtrend channel (low/mid pink --).

For monday:

Support @ 0.315 (light blue --), 0.310 (mid pink --), 0.300 (low pink --)
Resistance @ 0.335 (blue --), 0.338 (low blue), 0.345 (upp pink --)

Good Luck !!

SPC 010208

As discussed on 25 jan, we saw SPC staging a recovery this week. However, SPC seems to have lost a little bit of steam on 1 feb.



However, it did managed to close just above the long term support (low red), on 1 feb. I have a feeling we may see some profit taking the coming week.

For monday:

Support @ 6.332 (low red), 6.25 (upp blue), 5.91 (mid blue)
Resistance @ 6.584 (mid red, low blue --), 6.932 (upp blue --)

Good Luck !!

STX Pan Ocean 010208

Although STX Pan Ocean broke below the short term uptrend support (low blue) that I added on 25 jan, so far it still managed to trade above the long term downtrend support (low red).



We even saw STX Pan Ocean breaking above 2 resistances (upp red -- and upp blue) on 1 feb. If STX Pan Ocean can maintain its uptrend momentum, we might see it testing the long term uptrend support (green) very soon.

For monday:

support @ 2.345 (upp red --, low blue), 2.252 (low red)
Resistance @ 2.62 (upp blue), 2.674 (mid red), 2.70 (green)

Good luck !!

Uni Asia Finance 010208

Uni Asia Finance broke below the short term support (low green) which I added on 25 jan. It is also currently trading below its 0.760 psychological support.



From the chart, I believe Uni Asia Finance should probably be trading within the downtrend channel (red --). Watch for any breakout with volume.

1 Feb volume - 1,406 lots

For monday:

Support @ 0.638 (low red --), 0.611 (red ...)
Resistance @ 0.712 (mid red --), 0.760 (blue --), 0.812 (upp red --)

Good Luck !!

Yangzijiang 010208

Yangzijiang couldn't maintain its uptrend momentum and traded below the long term downtrend support (low red) for the past 2 days.



I've added a new short term uptrend support (low blue). If Yangzijiang can trade within this channel (blue), we should see it testing the resistance at 1.40 (upp blue converge with mid red).

For monday:

Support @ 1.247 (low blue), 1.219 (upp pink), 1.166 (upp red --), 1.138 (mid pink)
Resistance @ 1.281 (low red), 1.355 (upp blue), 1.448 (mid red)

Good Luck !!

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 !!