Lian Beng 180408

Ever since Lian Beng broke the long term uptrend support (blue on 28 feb), it has lost more than 50% since its 0.820 peak on 3 jan.



Lian Beng seems to have found temporary support around the 0.360 level. First resistance would be at 0.400 but Lian Beng would first have to break out of the purple channel to have any chance of testing that resistance.

For monday :

Support @ 0.356 (low purple), 0.3277 (low pink)
Resistance @ 0.363 (upp pink), 0.380 (upp purple), 0.400 (red --)

Good Luck !!

Lian Beng 310308

After rising for the past 6 trading days, Lian Beng broke 3 support trendlines today. Would it be going for another dip ?



For tomorrow :

Support @ 0.385 (mid pink), 0.337 (low pink)
Resistance @ 0.400 (low red), 0.420 (low purple), 0.425 (upp pink), 0.457 (upp red)

Good Luck !!

Lian Beng 280308

Lian Beng broke the 0.400 resistance level on 26 mar, and is now trading above 3 trendlines - the long term downtrend resistance (low red), and 2 downtrend resistances (low pink, upp pink --)



If Lian Beng can continue to trade within the uptrend channel (purple), and also break the long term downtrend resistance (upp red), we might see Lian Beng testing the 0.490 psychological resistance (green --).

For monday :

Support @ 0.405 (low purple), 0.400 (low red), 0.393 (low pink), 0.375 (upp pink --)
Resistance @ 0.4307 (upp pink), 0.460 (upp red), 0.4767 (upp purple), 0.490 (green --)

Good Luck !!

Lian Beng 250308

Although Lian Beng managed to recover over the last few days, you can see from the chart that it's still trading below many trendlines.



I think it'd be awhile before we can see Lian Beng testing the 1st psychological resistance (green --). First resistance looks to be around the 0.400 level.

For tomorrow :

Support @ 0.3545 (mid pink --), 0.344 (low purple), 0.3126 (low pink --)
Resistance @ 0.3834 (upp purple), 0.3922 (upp pink --), 0.4053 (low red)

Good Luck !!

Lian Beng 140308

After breaking the long term downtrend support (low red) on 10 mar, Lian Beng tested tried to break above it on 12 mar but was unsuccessful.

(Please note that the volume is wrongly indicated)

The next day, Lian Beng broke the down trend support (mid pink --) again and is now trading within this channel (pink --).

If Lian Beng continues to trade within this channel (pink --), we might see it testing the 0.355 low on 21 aug, or even the 0.300 low on 17 aug.

For monday :

Support @ 0.355 (21 aug low), 0.3466 (low pink --)
Resistance @ 0.386 (mid pink --), 0.415 (low red), 0.423 (upp pink --), 0.450 (low 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 !!

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 !!

Lian Beng 290208

After hitting a high of 0.605 on 19 feb, Lian Beng has weakened considerably and has also broke the long term uptrend support (blue) on 28 feb.



Lian Beng is now trading very close to the 0.490 psychological support (green --). If this support breaks, we might see Lian Beng trading within the downtrend channel (pink --).

For monday :

Support @ 0.490 (green --), 0.479 (upp pink --), 0.4428 (low pink --)
Resistance @ 0.513 (low pink), 0.526 (blue), 0.553 (upp pink)

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 !!

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 !!

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 !!

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 !!

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 !!

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 !!

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 !!

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)

Lian Beng 110108

What a fall from its high of 0.820 on 3 jan. Lian Beng has now given up almost all its gain since 18 dec.



Lian Beng has now formed the triple top, with its neckline around the 0.670 to 0.680 region. I won't be surprised to see Lian Beng testing this neckline in the next few days.

If the neckline holds, we may see Lian Beng propelling to new record highs. If the neckline breaks, Lian Beng will probably find support @ about the 0.570 region.

For monday :

Support @ 0.6879 (middle red dotted), 0.6734 (lower red dotted), 0.670 (neckline), 0.660 (red)

Resistance @ 0.708 (upper red dotted), 0.7333 (middle red)

Good Luck !!

Lian Beng 040108

Lian Beng's run since 18 dec has been quite breath-taking. From a low of 0.695 (18 dec) to a high of 0.82 (3 Jan), gaining almost 18% !



The psychological resistance of 0.795 has now become the support (blue dashed). However, we could see this support being fully tested on Monday. As you can see from its chart, Lian Beng's falls are equally 'breath-taking' too. So be prepared for a roller-coaster ride !

For Monday :

Support @ 0.795, 0.7824, 0.7726, 0.7645, 0.7448 (lower blue dotted)
Resistance @ 0.809 (red dotted), 0.8329

Good Luck !!

Lian Beng 311207

Volume for Lian Beng seems to be drying up.



Good Luck !!

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 !!