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 !!

Ferro China 140308

Ferro China almost tested the 1 feb low of 1.01 on 10 mar when it hit a low of 1.03 and touching the long term uptrend support (green).

(Please note that the volume is indicated wrongly)

If Ferro China can maintain is uptrend momentum (light blue), we might see it testing the 1.30 level again.

For monday :

Support @ 1.10 (low light blue, mid pink), 1.22 (mid light blue, upp pink), 1.266 (low pink --)
Resistance @ 1.03 (green), 1.00 (low pink)

Good Luck !!

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),

Cosco 070308

Although Cosco managed to recover from the low of 3.37 on 5 mar, it is still trading within the 2 downtrend channels (pink, red --).



Would require Cosco to break above the downtrend channels before we can have any chance of a reversal.

For monday :

Support @ 3.50 (upp pink), 3.29 (mid pink, low red --), 3.15 (low pink)
Resistance @ 3.62 (mid red --), 3.743 (upp pink --), 3.87 (upp red --)

Good Luck !!

China Aviation Oil 070308

China Aviation Oil first broke out of the long term downtrend resistance (upp pink) on 18 feb. However, its uptrend momentum could not be sustained, and it finally slipped below 28 feb.



China Aviation Oil then broke the uptrend support (low blue) on 1 mar, and it remained trading within the downtrend channel (red). It is now trading very close to the long term downtrend support (low pink).

If this breaks, we migh see China Aviation Oil testing the low of 1.33 on 22 jan.

For monday :

Support @ 1.391 (low pink), 1.38 (low red), 1.33 (22 jan low)
Resistance @ 1.472 (mid red), 1.538 (upp red), 1.61 (upp pink)

China Sky 070308

China Sky broke the long term downtrend resistance (upp red) and short term uptrend support (blue) on 4 mar. It also broke the 1.13 (22 jan) low.



China Sky is now trading very close to the downtrend support (low red, low pink --). If that breaks, we might see China Sky testing the long term downtrend support (pink).

For tomorrow :

Support @ 1.00 (low pink --), 0.993 (low red), 0.822 (pink)
Resistance @ 1.118 (mid red), 1.174 (mid pink --), 1.23 (upp red), 1.33 (blue)

Good Luck !!

China HongX 070308

China Hongx continues to trade within the downtrend channel (pink). It also broke the 0.605 reversal point and short term uptrend support (green) on 5 mar.



Will China Hongx test the 0.480 low on 22 jan ? If it continues on trading within the downtrend channel, there is every chance it would.

For monday :

Support @ 0.552 (upp pink --), 0.511 (low pink --), 0.4954 (red)
Resistance @ 0.582 (low pink), 0.620 (upp pink), 0.634 (green)

Good Luck !!

BakerTech 070308

BakerTech broke the short term uptrend support (light blue) today. From the chart, we can see that BakerTech is still trading in the long term downtrend channel (pink).



BakerTech will probably trade sideways, like it did from 24 jan to 1 feb. BakerTech formed the Harami Cross today again. But I guess, given the current market sentiments, a trend reversal would be unlikely. Nonetheless, just keep a watch for breakouts with volume.

For monday :

Support @ 0.2617 (low pink), 0.260 (upp red --), 0.250 (low red --)
Resistance @ 0.270 (low red), 0.273 (light blue), 0.280 (upp red, green --), 0.2867 (upp pink)

Good Luck !!

Ferro China 060308

Ferro China broke the short term uptrend resistance (upp light blue) on 5 mar and is now testing the neckline of the Head & Shoulders formation.



If the neckline breaks, we might see Ferro China testing the 1 feb low of 1.02 again.

For tomorrow :

Support @ 1.183 (low light blue), 1.161 (mid pink), 1.09 (low pink)
Resistance @ 1.28 (upp pink), 1.297 (upp light blue), 1.325 (low pink --), 1.372 (mid pink --)

Good Luck !!

Semb Marine 060308

Sembcorp Marine has been trading below the uptrend support (low green) and downtrend resistance (upp red) since 3 mar.



From the chart, it seems that Sembcorp Marine has formed the Head & Shoulders formation. Neckline looks to be around the 3.38 - 3.40 region. If Sembcorp breaks this neckline, we may see it testing the 3.00 level again.

For tomorrow :

Support @ 3.387 (upp blue), 3.35 (mid red), 3.31 (low blue)
Resistance @ 3.48 (upp red), 3.56 (low light blue)

Good Luck !!

STX Pan Ocean 060308

STX Pan Ocean broke out with volume today. It broke above the uptrend resistance (upp green) and the long term downtrend resistance (red).

Keep in mind that the trend prior to this break out was a double-top.



For tomorrow :

Support @ 3.23 (red), 3.13 (upp green), 3.08 (mid blue), 2.984 (upp pink), 2.965 (low blue)
Resistance @ 3.371 (upp blue)

Good Luck !!

Yangzijiang 060308

Although Yangzijiang is still trading within the downtrend channel (red --), it managed to trade above the 2 downtrend supports (low pink, low red ...) today.



We may see Yangzijiang bottoming off around the 0.90 level first before attempting to reverse the current downtrend.

For tomorrow :

Support @ 0.913 (low pink), 0.907 (low red ...), 0.861 (low red --)
Resistance @ 0.965 (upp red --), 0.9893 (upp red ...), 1.05 (mid pink)

Good Luck !!

Olam 050308

Olam first showed signs of weakening on 1 mar when it broke the uptrend support (low green) and closed right on the downtrend support (low red).



On 2 mar, it broke the downtrend support (low red) and long term uptrend support (blue). However, it still managed to close above the support (blue).

We finally see Olam falling almost to its 22 jan low today, closing below the long term uptrend support (blue) and downtrend resistance (upp red --).

For tomorrow :

Support @ 2.253 (low light blue, upp red --), 2.13 (low red --)
Resistance @ 2.366 (blue), 2.416 (low red), 2.473 (upp light blue)

Good Luck !!

SPC 050308

SPC has been trading below the uptrend support (low blue --) since 1 mar when it formed a Doji. Since the trend prior to 1 mar was down, it could have signalled a reversal. However, the confirmation signal on 2 mar wasn't convincing.



We may see SPC continue to trade within the downtrend channel (red --) and hitting the psychological support (light blue ...) of 6.66 before reversing.

For tomorrow :

Support @ 6.775 (upp red, low red --), 6.66 (light blue ...)
Resistance @ 7.022 (mid red --), 7.17 (low blue --), 7.35 (green --, upp red --)

Good Luck !!

STX Pan Ocean 050308

Although STX Pan Ocean touched the uptrend support (low green) today, it is still trading sideways. Psychological support (blue --) looks to be around the 2.80 - 2.82 region.



STX Pan Ocean is still not out of the woods (Double-Top) yet. We may see some action by this week as downtrend support (low pink) meets the uptrend support (low green) at the psychological support level (2.80 -2.82).

For tomorrow :

Support @ 2.937 (low blue), 2.876 (low pink), 2.82 (blue --), 2.806 (low green)
Resistance @ 3.00 (upp pink), 3.054 (upp blue), 3.123 (upp green)

Good Luck !!

Uni Asia Finance 050308

Uni Asia Finance looks to have completed the Head and Shoulders formation as discussed on 29 feb. Neckline looks to be around the 0.680 level.



Would we see Uni Asia Finance test the 0.635 low of 22 jan?

For tomorrow :

Support @ 0.676 (low green), 0.6622 (low pink --), 0.650 (red), 0.600 (upp red --)
Resistance @ 0.700 (mid pink --), 0.7154 (upp green), 0.760 (blue, low pink)

Good Luck !!

Yangzijiang 050308

Yangzijiang finally broke through the IPO price of 0.950 today. There was some hope of a break out initially as Yangzijiang opened above the long term downtrend resistance (upp red ...).



Then it was downhill all the way and Yangzijiang even momentarily broke 2 support trendlines (low pink, low red --), but still managed to close right on the short term downtrend support (low red --).

Watch for break outs with volume.

For tomorrow :

Support @ 0.922 (low pink), 0.903 (low red --), 0.884 (low red ...)
Resistance @ 0.975 (upp red ...), 1.004 (upp red --)

Cosco 030308

Cosco today gapped down and even broke the downtrend support (upp pink). It also traded lower than the 3.85 low on 22 jan.



I've added a short term downtrend channel (red --). If Cosco breaks this, we might see it testing the 3.00 level.

For tomorrow :

Support @ 3.70 (low red --), 3.50 (mid pink), 3.37 (low pink)
Resistance @ 3.72 (upp pink), 3.92 (upp red --), 3.97 (pink --)

Good Luck !!

China Sky 030308

Seems like the resistance for China Sky is around the 1.60 level. After testing it a few times in the middle of feb, China Sky weakened considerably towards the end of feb.



From the chart, you can see that China Sky is now trading very near to the long term downtrend resistance (upp red). If that breaks, we might see China Sky testing the 1.13 low on 23 jan.

For tomorrow :

Support @ 1.307 (blue), 1.27 (low pink, upp red), 1.167 (mid red)
Resistance @ 1.37 (mid pink), 1.42 (upp pink)

Good Luck !!

China HongX 030308

China Hongx has broke below the short term uptrend channel (green) on 25 feb, and continues to trade within the downtrend channel (pink).



As discussed, we may see China Hongx testing the reversal point of 0.605 very soon.

For tomorrow :

Support @ 0.594 (low pink), 0.540 (upp red)
Resistance @ 0.650 (upp pink)

Good Luck !!

BakerTech 030308

BakerTech seems to have found temporary support at 0.285 (green --), and it also formed a Harami Cross today.



Since the prior trend is a down trend, the Harami Cross usually points out the bottoms and could be a sign of a reversal, but we will need to see any one of the following confirmation signals - BakerTech gapping up or a higher close tomorrow.

For tomorrow :

Support @ 0.285 (green --), 0.280 (upp red --), 0.270 (low red --)
Resistance @ 0.290 (low red), 0.292 (low pink), 0.300 (upp red), 0.3104 (blue)

Volume for 030308 (2,085)

Good Luck !!

Ferro China 290208

Ferro China broke below 2 supports (low light blue, low pink --) on 28 feb. From the chart, Ferro China could be forming a Head & Shoulders formation.



The period from 11 - 15 feb being the left shoulder, and 19 - 27 feb being the head. We might see the coming week forming the right shoulder. The neckline looks to be around the 1.20 level.

For monday :

Support @ 1.32 (upp pink), 1.20 (low pink)
Resistance @ 1.408 (ow pink --), 1.526 (low light blue), 1.58 (upp pink --)

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 !!

Olam 290208

Nothing much has changed for Olam since 22 feb as it is still trading sideways. I've done some housekeeping and re-adjusted the trendlines.



Watch for breakouts with volume.

For monday :

Support @ 2.535 (low green), 2.465 (mid red), 2.39 (low red), 2.363 (blue)
Resistance @ 2.615 (upp red), 2.646 (mid green), 2.77 (upp green)

Good Luck !!

Semb Marine 290208

Sembcorp Marine broke out of the downtrend resistance (mid red) on 25 feb with volume.



For monday :

Support @ 3.66 (low light blue), 3.57 (low green, upp red), 3.37 (mid red, upp blue)
Resistance @ 3.754 (mid light blue), 3.817 (upp green), 3.907 (upp light blue)

Good Luck !!

SGX 290208

The closest SGX came to testing the 11.00 psychological resistance was on 25 jan. After that, it has been a downhill ride for SGX.



From the chart, you can see that SGX is trading within many downtrend channels. From the big picture, you can also see that SGX is getting closer and closer to the long term uptrend support (low green).

If that support breaks, we might see SGX testing the 7.65 low on 17 aug.

For monday :

Support @ 8.338 (upp red --), 8.20 (low green), 8.032 (low pink), 7.78 (low red --), 7.558 (low red)
Resistance @ 8.60 (upp pink), 8.896 (upp green), 9.34 (upp red)

Good Luck !!

Sky Petrol 290208

Sky Petrol formed a Gravestone Doji on 27 feb, and the confirmation of a downtrend came on the next day when Sky Petrol gapped down and closed even lower. The Gravestone Doji represents the graves of the bulls that have died defending their territory.



Sky Petrol continues to trade within the downtrend channel (red). We should see it testing the 1st psychological support 0f 0.335 very soon, maybe even on monday.

For monday :

Support @ 0.335 (blue --), 0.333 (low red), 0.315 (light blue --)
Resistance @ 0.360 (mid red), 0.375 (upp red, low green)

Good Luck !!

SPC 290208

After hitting the 7.50 psychological resistance (light blue) on 25 feb, we saw SPC softening, which could be due to profit taking.



I've done some housekeeping and re-adjusted the uptrend channel (blue --). I've also added a downtrend channel (red --).

From the chart, we can see that SPC is trading very near to the downtrend resistance (upp red) and downtrend support (low red --). If these 2 trendlines break, we might see SPC testing the 6.66 neckline (light blue ...).

For monday :

Support @ 6.963 (low blue --), 6.86 (upp red), 6.84 (low red --), 6.66 (light blue ...), 6.52 (low red)

Resistance @ 7.31 (upp blue --), 7.35 (green --), 7.42 (upp red --), 7.50 (light blue)

Good Luck !!

STX Pan Ocean 290208

As discussed on 28 feb, STX Pan Ocean is still on course for a double-top formation, with a neckline around the 2.95 - 2.97 level.



STX Pan Ocean barely managed to stay within the uptrend channel (blue). However, its volume for the past few days has been very low on the average.

If STX Pan Ocean breaks the neckline, we might see it testing 2.80 level, which is around the long term uptrend support (low green).

For monday :

Support @ 3.053 (low blue), 2.947 (upp pink), 2.883 (mid pink), 2.80 (low green)
Resistance @ 3.111 (upp green), 3.14 (18 feb high)

Good Luck !!

Uni Asia Finance 290208

We saw Uni Asia Finance climbing above the psychological resistance (blue) of 0.760 on 29 feb, after opening below the downtrend support (low pink --) and very close to the long term downtrend support (red).



However, volume was very thin so I wouldn't put too much thought into today's higher closing. If you look at the chart, Uni Asia Finance could very well be on its way to forming a Head and Shoulders formation as discussed on 26 feb.

I've also added a short term uptrend channel (green) to see if this Uni Asia Finance can maintain its momentum.

For monday :

Support @ 0.760 (blue), 0.730 (low green), 0.7206 (low pink --), 0.687 (red)
Resistance @ 0.7784 (upp green, low pink), 0.820 (mid pink), 0.836 (upp pink --)

Good Luck !!

Yangzijiang 290208

Yangzijiang has continued to show weakness. It has even broke the low of 1.16 on 22 jan. I've done some housekeeping on the trendlines. I've added a short term downtrend channel (red --) which is quite steep.



Click here for the big picture.

Will we see Yangzijiang test its IPO price of 95 cents?

For monday :

Support @ 1.02 (mid red, low red --), 0.977 (low red), 0.943 (low pink)
Resistance @ 1.115 (upp red --), 1.226 (upp pink), 1.246 (upp red)

Good Luck !!