Cosco 140308

Cosco today broke the 3.00 level momentarily but managed to close right on the support (mid pink).

(Please note that the volume is indicated wrongly)


For monday :

Support @ 3.00 (mid pink), 2.95 (low red --), 2.86 (low pink)
Resistance @ 3.15 (mid red --), 3.20 (upp pink), 3.48 (pink --), 3.56 (upp red --)

Good Luck !!

China Sky 140308

China Sky continues to trade within the lower downtrend channel (red), touching the support (low red), with volume dropping below 1000 lots.

(Please note that the volume is indicated wrongly)

If China Sky breaks this support, we might see it trading along the lower support (low pink --) and testing the 0.800 level.

For monday :

Support @ 0.932 (low red), 0.894 (low pink --), 0.773 (pink)
Resistance @ 1.067 (mid red), 1.173 (upp red)

Good Luck !!

BakerTech 140308

I have updated the gradient of the uptrend support (low light blue) for BakerTech and you can see that it runs parallel to the long term uptrend support (blue). We can probably take this (light blue) as good indication of the support level.

(Please note that volume is wrongly indicated)

Although BakerTech traded above the downtrend resistance (upp red), volume was extremely low (336 lots), making it a possibility of a false break.

If BakerTech breaks the uptrend support (low light blue), it would probably trade within the downtrend channel (red) and test the 0.24 level.

For monday :

Support @ 0.255 (low pink, low light blue, upp red), 0.245 (low red)
Resistance @ 0.265 (upp light blue), 0.280 (mid pink, green --)

Good Luck !!

Cosco 130308

Cosco did indeed gap up after the Harami Cross on 11 mar, but closed just above the day's low and almost on the support (low red --).

(please note that the volume is wrong)

Today saw Cosco even opening below the support (low red --) and breaking another support (mid pink).

For tomorrow :

Support @ 3.03 (mid pink), 2.92 (low pink)
Resistance @ 3.22 (low red --), 3.27 (upp pink), 3.52 (pink --), 3.57 (red --)

Good Luck !!

China HongX 130308

China Hongx broke the downtrend support (mid pink --) today, and it is also trading closer and closer to the long term downtrend support (red).

(please note that the volume is wrongly indicated)

If that support breaks, we might see China Hongx testing the 0.400 level.

For tomorrow :

Support @ 0.451 (red), 0.393 (low pink --)
Resistance @ 0.476 (mid pink --), 0.521 (upp pink --), 0.55 (low pink)

Good Luck !!

BakerTech 130308

BakerTech has been trading sideways since breaking the short term uptrend support (light blue) on 7 mar. It is also trading very close to the downtrend support (low pink).

(please (Please note that the volume is wrongly indicated)

For tomorrow :

Support @ 0.256 (low pink), 0.250 (low red), 0.240 (upp red --)
Resistance @ 0.260 (upp red), 0.277 (light blue), 0.280 (green --)

Good Luck !!

Cosco 110308

Although Cosco broke 2 supports today (mid pink, low red --), it managed to recover and close just about on the support line, forming a Harami Cross (well, almost).



Since the trend previously was down, we would need to see Cosco gapping up and closing higher tomorrow to confirm a reversal signal.

For tomorrow :

Support @ 3.26 (low red --), 3.155 (mid pink), 3.038 (low pink)
Resistance @ 3.383 (high pink), 3.604 (mid red --), 3.646 (upp pink --), 3.832 (upp red --)

Good Luck !!

BakerTech 110308

BakerTech seems to be forming a double-bottom, with the 2 lows on 22 jan and 10 mar. It also opened right on the downtrend support (low pink), touched the uptrend support (light blue) before closing above the higher downtrend support (low red).



Volume today was more than double of yesterday's. If BakerTech can break out of the downtrend channel (red), we might see it testing the 0.280 psychological resistance (green --).

For tomorrow :

Support @ 0.2611 (low red), 0.2591 (low pink), 0.250 (upp red --)
Resistance @ 0.270 (upp red), 0.275 (light blue), 0.280 (green --), 0.284 (mid pink)

Good Luck !!

Lian Beng 100308

Lian Beng is another one that broke 2 supports (low red, mid pink --) today. It tested the 0.400 level sooner than I had expected.



The last time Lian Beng hit 0.400 was on 27 aug, a few days after the big august sell down. It then went on to test the 0.490 psychological resistance before going on a super run in oct.

If Lian Beng fails to hold onto this 0.400 support, we might see it testing the 0.355 low on 21 aug, or even the 0.300 low on 17 aug.

For tomorrow :

Support @ 0.400, 0.3663 (low pink), 0.355, 0.300
Resistance @ 0.4066 (mid pink --), 0.4224 (low red), 0.447 (upp pink --), 0.4776 (low pink)

Good Luck !!

China Aviation Oil 100308

China Aviation Oil broke and closed below 2 downtrend supports (low red, mid pink) today. It even came to within $0.01 of the 22 jan low.



Would we see China Aviation Oil recovering like it did the day after 22 jan? Anyway you can see from the chart that it's a long way long to the next support (low pink).

For tomorrow :

Support @ 1.362 (low red), 1.206 (low pink)
Resistance @ 1.386 (mid pink), 1.456 (mid red), 1.526 (upp red)

Good Luck !!

China HongX 100308

China Hongx slipped into the lower downtrend channel (pink --) today.



If it continues trading within this channel, it won't be long before it tests the long term downtrend support (red).

For tomorrow :

Support @ 0.5017 (low pink --), 0.4841 (red), 0.480 (22 jan low)
Resistance @ 0.5456 (upp pink --), 0.573 (low pink), 0.6125 (upp pink)

Good Luck !!

Yangzijiang 070308

Yangzijiang seems to have found some temporary support around the 0.925 level. But it is still trading very close to the 2 supports (low pink, low red ...).



If Yangzijiang breaks these 2 supports, we might see it trading within the downtrend channel (red --) and testing the 0.800 level.

For monday :

Support @ 0.932 (upp red --), 0.9063 (low pink), 0.8936 (low red ...), 0.827 (low red --)
Resistance @ 0.9703 (upp red ...), 1.042 (mid pink), 1.106 (upp pink)

Good Luck !!

Uni Asia Finance 070308

Uni Asia Finance traded below the uptrend support (low green) today, forming a Doji. For confirmation of a reverse signal, we would need to see Uni Asia Finance gapping up on monday and close higher.



If that doesn't happen, we might see Uni Asia Finance continue to trade within the downtrend channel (pink --), and testing the 0.600 level.

For monday :

Support @ 0.628 (red), 0.620 (low pink --), 0.581 (upp red --)
Resistance @ 0.663 (mid pink --), 0.677 (low green), 0.7177 (upp green), 0.7376 (upp pink --)

Good Luck !!

STX Pan Ocean 070308

STX Pan Ocean broke above the uptrend resistance (mid green) and downtrend support (red) on 6 mar. The next day, 7 mar, STX Pan Ocean traded below the downtrend support (red) but managed to close above the uptrend resistance. (mid green).

If STX Pan Ocean can maintain trading above the uptrend resistance (mid green), then the double-top formation would be negated.



For monday :

Support @ 3.134 (mid green), 3.115 (mid blue), 3.00 (low blue)
Resistance @ 3.215 (red), 3.346 (upp green)

Good Luck !!

Sky Petrol 070308

Nothing much has changed for Sky Petrol as it has been trading sideways since 21 feb.



For monday :

Support @ 0.335 (blue --), 0.332 (low red), 0.315 (light blue --)
Resistance @ 0.343 (mid red), 0.358 (upp red)

Good Luck !!

SGX 070308

SGX broke the long term uptrend support (low green) on 1 mar, and even went on to break the 7.65 (17 aug low) on 5 mar.



SGX has now also broken the long term downtrend support (red) on 7 mar. SGX is currently trading within the downtrend channel (red --). If SGX continues to trade within this channel, we might see it testing the 6.00 soon.

For monday :

Support @ 7.00 (low pink), 6.946 (mid red --), 6.458 (low red --)
Resistance @ 7.223 (red), 7.695 (upp red --), 7.89 (upp pink), 8.23 (low green)

Good Luck !!

Semb Marine 070308

Sembcorp Marine's Head & Shoulders formation is still intact. Neckline looks to be about the 3.32 - 3.36 region.



For monday :

Support @ 3.38 (upp blue), 3.326 (mid red), 3.303 (low blue)
Resistance @ 3.446 (upp red), 3.555 (low light blue)

Good Luck !!

Olam 070308

Olam's recovery above the long term uptrend support (blue) on 6 mar was short-lived, as the next day saw Olam trading below the short term uptrend support (low light blue).



I've added a pair of long term downtrend channel (pink). You can see from the chart that Olam closed right on this support (low pink) today. It also closed on the downtrend support (red --).

If Olam breaks these 2 supports, we might see it trading within the downtrend channels (red --) and testing the 2.00 level.

For monday :

Support @ 2.233 (pink), 2.222 (upp red --), 2.10 (low red --)
Resistance @ 2.255 (low light blue), 2.368 (blue), 2.388 (low red)

Good Luck !!

Lian Beng 070308

Ever since Lian Beng broke the long term uptrend support (blue), it has gone on to create new lows everyday. Lian Beng even broke the 0.490 psychological support on 1 mar.



As discussed on 29 feb, Lian Beng is currently trading within the downtrend channel (pink --). We might see Lian Beng testing the 0.40 level if it continues to trade within this channel (pink --).

For monday :

Support @ 0.425 (low red), 0.4142 (low pink --)
Resistance @ 0.4508 (upp pink --), 0.480 (low pink), 0.483 (upp red), 0.490 (green --)

Good Luck !!

Ferro China 070308

Ferro China broke the short term uptrend support (low light blue) and fell into the low downtrend channel (pink).



If Ferro China continues to trade within this channel, we should see it testing the 1 feb low of 1.01 very soon.

For monday :

Support @ 1.047 (low pink), 1.03 (green)
Resistance @ 1.147 (mid pink), 1.19 (low light blue),