SPC 180408

SPC did indeed open above the 7.35 resistance (green --) on 16 apr. To say that it tested the 7.52 resistance (red --) was an understatement. It practically pierced through the resistance and rocketed.



SPC went on to test the 8.10 neckline (pink --), which we saw it briefly breaking through on 17 apr, before settling down around the 8.00 support level (blue ...).

It remains to be seen whether the 8.00 support (blue ...) can hold since SPC has already been on the uptrend since 17 mar.

We would probably see some profit taking for SPC next week, with the price bouncing between the 7.80 support (green ...) and 8.10 (pink --) or 8.00 (blue ...) resistance.

For monday :

Support @ 8.00 (blue ...), 7.80 (green ...), 7.783 (low pink), 7.608 (upp blue --), 7.52 (red --), 7.41 (upp red)
Resistance @ 8.10 (pink --), 8.13 (upp pink), 8.15

Good Luck !!

Semb Marine 180408

What a week it has been for Sembcorp Marine !



On Monday 14 apr, Sembcorp Marine nearly broke the uptrend support (low blue) and 3.30 support level (blue --).

Then on 15 apr, it broke the 3.41 resistance level (green --), the downtrend resistance (low red --), and nearly tested the uptrend resistance (mid blue), before closing below the downtrend resistance (low red --).

Sembcorp Marine performed another dramatic rise again the next day, wed 16 apr. It opened above the 2nd downtrend resistance (mid red --), tested the 3rd downtrend resistance (upp red --), before closing below the 3rd downtrend resistance.

Sembcorp left the best to the last day where it broke the 3.88 neckline (pink), and even tested the 4.05 neckline (pink --).

This pattern is almost similar to the dramatic rise back in feb (11 to 18 feb).

We may see Sembcorp Marine run for a abit next week, but the peak would most likely be capped by the 3rd uptrend resistance (upp blue).

If Sembcorp Marine can keep its neck above the 4.05 neckline (pink --) next week, we might see it breaking the uptrend resistance (upp blue).

For monday :

Support @ 3.95 (low red), 3.88 (pink), 3.82 (red ...), 3.77 (upp red --), 3.65 (mid blue), 3.61 (mid red --, light blue --)

Resistance @ 4.05 (upp red, pink --), 4.10 (upp blue), 4.24 (blue ...)

Good Luck !!

Olam 180408

Olam broke the long term downtrend resistance (upp red) and the 2.60 neckline (pink ...) on 17 apr. Olam seems to have hit the 2.73 neckline (red --).



Olam has been on the uptrend since 10 apr but average volume has been less than 3,500. Since Olam has hit the 2.73 neckline (red --), we might see it trading sideways next week.

However, if Olam can maintain trading within the uptrend channel (green), and breaks the 2.73 neckline (red --), we might see Olam testing the long term uptren resistance (upp blue).

For monday :

Support @ 2.657 (mid green), 2.60 (upp red, pink ...), 2.48 (low green), 2.47 (red ...), 2.36 (low red, green --)
Resistance @ 2.73 (red --), 2.76 (upp green), 2.836 (upp blue), 2.92 (low pink)

Good Luck !!

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 !!

Ferro China 180408

Although Ferro China broke the uptrend support (low light blue) today, it still managed to close above it. FerroChina also tested the 1.30 support (mid red, blue --).



If the 1.30 support (blue --) stays intact, we might see Ferro China testing the 1.36 resistance level (red ...) next week. If the 1.36 resistance breaks, the next resistance could be around the 1.40 - 1.42 region.

For monday :

Support @ 1.30 (blue --), 1.2955 (mid red), 1.273 (low red), 1.21 (green --)
Resistance @ 1.333 (low light blue, upp pink), 1.36 (red ....), 1.386 (upp red, upp light blue), 1.40-1.42

Good Luck !!

China Aviation Oil 180408

After hitting a high of 1.73 on 8 apr, China Aviation Oil softened but found support at the 1.57 level (green --), before rebounding up again.



China Aviation Oil seems to be coming off the boil as the next peak on 17 apr was lower. We might see China Aviation Oil trading within the downtrend channel (red --) next week.

For monday :

Support @ 1.62 (mid red --), 1.57 (green --), 1.552 (low red --), 1.50 (green ...)
Resistance @ 1.65 (low blue), 1.66 (upp red --), 1.707 (upp blue)

Good Luck !!

China Sky 180408

China Sky continued trading within the downtrend channel (pink --) this week. However, it seemed to have found good support at the 1.00 support level (blue --).



If China Sky can hold onto the 1.00 support (green --) next week, there's a good chance it might reverse its downtrend.

However, if that support breaks, we might see China Sky testing the 0.900 level.

For monday :

Support @ 1.00 (low green, blue --), 0.960 (low pink --), 0.870 (low red)
Resistance @ 1.01 (upp red), 1.018 (mid pink --), 1.06 (upp pink --), 1.07 (upp green), 1.10 (red --)

Good Luck !!

China HongX 180408

China Hongx failed to stay within the uptrend channel (blue) and also broke the 0.545 support (blue --). China Hongx also tested the downtrend support (mid red) but managed to close above it.



To have any chance of testing the 0.610 resistance (blue ....) China Hongx would first have to maintain trading above the 0.590 level (green --).

If China Hongx continues to trade below the 0.590 level, and if it breaks the downtrend support (mid red), we might see China Hongx testing the 0.545 support (blue --).

For monday :

Support @ 0.576 (mid red), 0.560, 0.545 (blue --)
Resistance @ 0.590 (green --), 0.600 (low blue), 0.610 (blue ...), 0.630 (upp red, upp blue)

Good Luck !!

BakerTech 180408

After hitting the 0.315 resistance level (pink --), BakerTech softened today but still managed to close right on the downtrend support (upp pink).



If Bakertech breaks this support (upp pink) next week, we might see it testing the 0.280 support level (green --).

For monday :

Support @ 0.288 (upp pink), 0.280 (low red, green --), 0.277 (low green), 0.270
Resistance @ 0.293 (mid green), 0.305, 0.313 (upp red), 0.315 (pink --)

Good Luck !!

Cosco 170408

Cosco opened right on the uptrend support (blue) before weakening, and broke the downtrend support (low red), and closed right on another downtrend support (mid pink --).



If Cosco fails to hold onto this support (mid pink --), we might see it testing the 2.85 support (green --) again.

For tomorrow :

Support @ 2.95 (mid pink --), 2.85 (green --), 2.82 (low pink --)
Resistance @ 3.01 (low red), 3.045 (low light blue), 3.15 (upp pink --), 3.26 (blue, upp light blue, blue ....)

Good Luck !!

China HongX 170408

China Hongx managed to recover above the 0.590 support level (green --) today. It also managed to test the 0.610 resistance (blue ...).



If China Hongx can trade within the uptrend channel (blue), we might see it breaking the 0.610 resistance (blue ...) soon.

For tomorrow :

Support @ 0.590 (green --), 0.580 (mid red), 0.545 (blue --), 0.535 (low red)
Resistance @ 0.593 (low blue), 0.610 (blue ...), 0.620 (upp blue), 0.635 (upp red)

Good Luck !!

BakerTech 170408

BakerTech managed to recover on 15 apr and broke the 0.280 resistance level (green --). It also broke the long term downtrend resistance (upp pink) and tested the 0.310 resistance level (pink --) on 16 apr.



Although today BakerTech opened right on the 0.310 resistance level and weakened, it still managed to close above the uptrend support (mid green) and long term downtrend resistance (upp pink).

If BakerTech continues to trade within the uptrend channel, we might see it testing the 0.310 resistance level (pink --) again. If the support is broken, we might see BakerTech receding to the 0.280 support level (green --).

For tomorrow :

Support @ 0.2914 (mid green), 0.2894 (upp pink), 0.280 (green --), 0.2758 (low green)
Resistance @ 0.315 (upp green, pink --), 0.330

Good Luck !!

SPC 150408

SPC has been rising steadily since 20 mar and is now less than 10 cents away from the 7.52 resistance level (red --).



SPC broke the 1st resistance level of 7.35 (green --) today. If SPC opens above this resistance level (green --) tomorrow, we might see it testing the 7.52 resistance (red --).

For tomorrow :

Support @ 7.35 (green --), 7.28 (low blue --), 7.10 (upp blue), 6.92 (low blue), 6.88 (low red)
Resistance @ 7.458 (upp red), 7.52 (red -- , upp blue --)

Good Luck !!

Semb Marine 150408

Sembcorp Marine today broke the 3.41 resistance (green --) and came very close to testing the 3.61 resistance (pink --).



If Sembcorp Marine can continue to trade within the short term uptrend channel (blue), we may be looking at Sembcorp Marine forming a triple bottom formation, which has it lowest bottom back on 11 feb.

For tomorrow :

Support @ 3.43 (mid blue), 3.41 (green --), 3.376 (mid red), 3.33 (low blue), 3.30 (low red, blue --)
Resistance @ 3.54 (upp red), 3.61 (upp blue, pink --), 3.633 (low red --)

Good Luck !!

Olam 140408

The signal for Olam came today when it opened above the downtrend resistance (low red) and broke the 2.47 resistance (red ...).



Olam also tested the uptrend resistance (upp green) and downtrend resistance (upp pink), before closing right on the uptrend resistance (upp green).

If Olam can open above the 2.47 resistance (red ...) tomorrow, we might see it testing the 2.60 resistance (pink ...).

For tomorrow :

Support @ 2.47 (red ...), 2.38 (low red), 2.36 (low green, green --), 2.26 (low pink)
Resistance @ 2.50 (upp pink), 2.53 (upp green), 2.60 (pink ...), 2.62 (upp red)

Good Luck !!

Cosco 140408

After bouncing off the downtrend support (upp pink) yesterday, Cosco managed to open above the downtrend resistance (low pink --) today.



Cosco may see some resistance around the 3.02 - 3.03 level (19 mar high).

For tomorrow :

Support @ 2.88 (low pink --), 2.85 (green --), 2.74 (upp pink, low red)
Resistance @ 3.00 (low blue), 3.024 (mid pink --), 3.09 (mid red), 3.146 (upp blue)

Good Luck !!

China Sky 140408

China Sky has been trading within the downtrend channel (pink --) ever since breaking the uptrend support (low green) and 1.10 psychological support (blue --) on 9 apr.



However, China Sky seems to have found temporary support around the 1.00 level.

If China Sky continues to trade within the downtrend channel (pink --), we might see it testing the 0.960 - 0.965 level.

For tomorrow :

Support @ 1.013 (low blue), 0.987 (low pink --), 0.950 (low pink), 0.922 (low red)
Resistance @ 1.048 (mid pink --), 1.062 (upp red), 1.076 (upp blue), 1.09 (upp pink --) 1.10 (blue --)

Good Luck !!

China Milk 140408

There wasn't enough follow through buying for China Milk today, closing just on the downtrend resistance (upp red --).



If China Milk cannot open above the uptrend support (low blue), then we might see it testing the 0.680 support (blue --), or maybe even the 0.650 support (blue ...)

For tomorrow :

Support @ 0.6977 (upp red --), 0.680 (blue --), 0.650 (blue ...), 0.643 (low red)
Resistance @ 0.715 (low blue), 0.740 (red ...), 0.767 (upp blue), 0.780 (upp red)

Good Luck !!

China HongX 140408

China Hongx broke the 0.595 support (green --) today, and is still trading within the downtrend channel (pink).



We might see China Hongx testing the 0.545 support (blue --) before there's any chance of it reversing up.

For tomorrow :

Support @ 0.566 (mid red), 0.545 (low red, blue --), 0.536 (low pink)
Resistance @ 0.581 (low purple, upp pink), 0.595 (green --), 0.610 (blue ...), 0.627 (upp purple)

Good Luck !!

Sky Petrol 110408

After breaking the 0.345 resistance (blue --) on 8 apr, Sky Petrol seem to have weakened but still managed to bounce off the 0.345 resistance turned support (blue --).



Sky Petrol could trade sideways next week. If Sky Petrol doesn't break the 0.345 support (blue --), there's a good chance it may test the 0.365 resistance (pink ...) again.

If the 0.345 support (blue --) breaks, Sky Petrol may revisit the 0.315 support (light blue --).

For monday :

Support @ 0.338 (low blue), 0.345 (blue --), 0.331 (low red, low red --), 0.315 (light blue --)
Resistance @ 0.350 (upp blue, mid blue), 0.358 (upp red), 0.365 (pink ...)

Good Luck !!

SGX 110408

After testing the 8.95 resistance (red --) on 4 apr, SGX weakened and broke the long term uptrend support (green) and closed right on the downtrend support (low red) on 9 apr.



SGX recovered a little and is now trading within the short term uptrend channel (blue). If SGX can maintain trading within this channel (blue), it might have a chance of breaking the uptrend resistance (green).

If SGX breaks below this channel (blue), we might see it testing the 7.64 support (blue --).

For monday :

Support @ 8.01 (low blue), 7.76 (low red), 7.64 (blue --), 7.36 (low pink)
Resistance @ 8.34 (green, upp blue), 8.50 (upp pink), 8.57 (upp red)

Good Luck !!

Semb Marine 110408

Sembcorp Marine seem to have found temporary support at the 3.41 level (green --). It managed to recover and is now trading within the uptrend channel (green).



It remains to be seen if Sembcorp Marine can maintain its recovery and continue to trade within this channel (green). If it can break the downtrend resistance (upp red) and uptrend resistance (mid green) next week, we might see it testing the 3.61 resistance (pink --).

However, if Sembcorp Marine breaks the 3.41 support (green --), we might see it revisiting the 3.25 support (blue --).

For monday :

Support @ 3.44 (low blue), 3.43 (low green), 3.41 (green --), 3.39 (mid red), 3.31 (low red), 3.25 (blue --)
Resistance @ 3.533 (mid green), 3.558 (upp red), 3.61 (upp blue, pink --), 3.65 (upp green, low red --), 3.70

Good Luck !!

Olam 110408

After hitting a high of 2.58 on 7 apr, Olam broke the 2.47 support (red ...), and some other supports, the next day (8 apr). Olam even came close to testing the 2.18 support (blue --) on 10 apr.



However, Olam opened right on the uptrend support (low green) today, breaking 2 resistances (mid red, upp pink), and came close to testing the 2.47 level (red ....).

If Olam can open above these 2 resistances (upp pink, mid red) on monday, there's a high chance we might see Olam breaking the 2.47 resistance (red ....) again.

For monday :

Support @ 2.433 (upp pink), 2.40 (mid red), 2.36 (green --), 2.33 (low green), 2.27 (low pink)
Resistance @ 2.47 (red ...), 2.52 (mid green), 2.60 (pink ...)

Good Luck !!

Ferro China 110408

After testing the 1.31 support (blue --) and uptrend support (low green) on 10 apr, Ferro China managed to recover and trade above the 1.31 support (blue --) and downtrend support (mid pink --).



If Ferro China can continue to trade within the uptrend channel (green, light blue), we might see it test the downtrend resistance (upp red, upp pink --) next week.

However, if Ferrochina breaks the 1.31 support (blue --) again, we might see it testing the next support which is at 1.21 (green --).

For monday :

Support @ 1.33 (low light blue), 1.31 (low red, low green, blue --), 1.30 (mid pink --), 1.26 (low pink --), 1.21 (green --)
Resistance @ 1.375 (mid green), 1.40 (upp light blue, upp pink --), 1.417 (upp red), 1.44 (red ....)

Good Luck !!

Cosco 110408

Cosco seems to have found temporary support @ 2.85 (green --). It is also trading within the downtrend channel (pink) now.



If Cosco is able to bounce off the 2.85 low, it could be forming a double-bottom formation. If the 2.85 support breaks, we might see Cosco testing the 2.60 level, or even the 2.50 level.

For monday :

Support @ 2.85 (green --), 2.783 (upp pink), 2.635 (low pink)
Resistance @ 2.93 (low pink --), 3.07 (mid pink --), 3.13 (low red), 3.26 (upp pink --, blue ...)

Good Luck !!

China Milk 110408

China Milk broke the long term resistance (mid red) and downtrend resistance (red --). Today is also the second time China Milk tested the 0.740 resistance (red ...). The 1st time being on 8 apr.



If China Milk opens above the two resistances (mid red, red --) on monday, there's a high chance it might break the 0.760 resistance (red ...).

Watch for volume for confirmation of a breakout.

For monday :

Support @ 0.7113 (mid red), 0.706 (upp red --), 0.700 (low blue), 0.650 (low red, low red --)
Resistance @ 0.740 (red ...), 0.756 (upp blue), 0.782 (upp red)

Good Luck !!

China HongX 110408

China Hongx seems to have found temporary support @ 0.590 (green --). It also closed on the 0.610 psychological resistance level (blue ...).



Will China Hongx open above the 0.610 resistance on monday ? Or will it trade between the 0.590 and 0.610 levels ?

If China Hongx can stay above the 0.610 level, we might see it testing the 0.650 resistance level (red --).

If China Hongx trades below the 0.590 level, it would most likely test the 0.545 support (blue --)

For monday :

Support @ 0.600 (mid red), 0.595 (upp pink), 0.590 (green --), 0.565 (low pink), 0.552 (low red), 0.545 (blue --)

Resistance @ 0.610 (blue ...), 0.633 (upp purple), 0.650 (red --), 0.655 (upp red)

Good Luck !

BakerTech 110408

BakerTech opened right on the uptrend support (low light blue) and downtrend resistance (upp red) today. BakerTech also tested the 0.280 psychological resistance (green --)



However, there wasn't enough buying interest and it closed below the uptrend support (low light blue) and downtrend resistance (upp red), which means that BakerTech could still be on the downtrend (red).

If BakerTech breaks the long term downtrend support (low pink) next week, we would most likely see it testing the 0.240 low again.

For monday :

Support @ 0.270 (upp red), 0.268 (low green), 0.264 (low blue), 0.262 (mid pink), 0.256 (low pink)
Resistance @ 0.276 (low light blue), 0.280 (green --), .2835 (mid green), 0.290 (upp green)

Good Luck !!

STX Pan Ocean 100408

You can see from the chart that the current trading pattern of STX Pan Ocean is very similar to the pattern during the feb 14 period.

Although STX Pan Ocean is still trading within the uptrend channel (blue), the peaks have been getting lower each day.

We might see STX Pan Ocean consolidating around the 2.82 support (blue --) level. If that support fails to hold, we might see STX Pan Ocean testing the 2.70 level.



For tomorrow :

Support @ 2.885 (mid green), 2.82 (low pink, blue --), 2.75 (mid red, low green)
Resistance @ 2.94 (low blue), 3.03 (upp pink, upp green, 3.10 (upp red)

Good Luck !!

Semb Marine 100408

Sembcorp Marine today broke the 3.61 support (blue ...), as well as the uptrend support (low blue). If Sembcorp Marine breaks the downtrend support (low red), we might see it testing the 3.25 neckline (blue --).



For tomorrow :

Support @ 3.52 (mid green), 3.488 (low red --), 3.42 (low green), 3.40 (mid red), 3.36 (low red), 3.25 (blue --)
Resistance @ 3.587 (low blue), 3.61 (blue ...), 3.628 (upp green), 3.646 (upp red --)

Good Luck !!

Cosco 100408

From the chart, you can see that Cosco today gapped down below quite a few supports.



Volume was also probably a record !

For tomorrow :

Support @ 2.815 (upp pink), 2.67 (low pink)
Resistance @ 2.95 (low pink --), 3.087 (mid pink --), 3.18 (low red, low pink ...), 3.26 (blue ...)

Good Luck !!

China HongX 100408

China Hongx gapped down today and broke the 0.610 support (blue ...), downtrend support (mid red), and also the uptrend support (low purple).



We may be looking at China Hongx testing the 0.545 support (blue --)

For tomorrow :

Support @ 0.555 (low red), 0.545 (blue --)
Resistance @ 0.602 (mid red), 0.610 (blue ...), 0.633 (low purple)

Good Luck !!

Yangzijiang 090408

Yangzijiang broke the 1.01 support (red --) today. It is also trading below the uptrend support (blue). Furthermore, Yangzijiang just about closed on the downtrend support (low pink).



If Yangzijiang fails to hold on to this support (low pink), we might see it testing the 0.900 level.

For tomorrow :

Support @ 0.9688 (low pink), 0.887 (upp pink --), 0.819 (low pink --)
Resistance @ 1.01 (red --), 1.058 (upp pink), 1.09 (blue)

Good Luck !!

Ferro China 090408

We did see Ferro China test the 1.44 neckline this week (on 7 apr). However, there wasn't enough volume, and there was also no follow through the next few days.



Ferro China closed below the uptrend support (low light blue) yesterday, and it traded entirely below this support today.

Ferro China could trade within the downtrend channel (pink --) for awhile. The next support I'm looking at is around the 1.31 level (blue --). Ferro China may first have to test this support before attempting to break the 1.44 neckline again.

For tomorrow :

Support @ 1.32 (mid pink --), 1.31 (blue --), 1.30 (low green), 1.25 (low pink --)
Resistance @ 1.364 (mid green), 1.378 (upp pink --), 1.432 (low light blue), 1.44 (red ...)

Good Luck !!

Cosco 090408

Cosco today broke the 3.48 support (blue --) and closed below it, settling right on the downtrend supports (low pink, mid pink --).



The next support for Cosco would be @ 3.26 (blue ...). If that also breaks, we might see Cosco test the 3.00 level.

For tomorrow :

Support @ 3.317 (mid pink --), 3.26 (low pink, blue ....), 3.223 (low red), 3.129 (low pink --)
Resistance @ 3.48 (upp pink, blue --), 3.575 (upp red), 3.60 (upp pink --)3.764 (low purple)

Good Luck !!

China HongX 090408

China Hongx traded sideways for the last few days, and it seems to have found support at the 0.610 level (blue ....).



Again, if China Hongx fails to hold on to the 0.610 support (blue ....), we might see it revisiting the 0.545 level.

For tomorrow :

Support @ 0.610 (low red, blue ....), 0.545 (blue --)
Resistance @ 0.6212 (low purple), 0.650 (red --), 0.661 (upp red), 0.6812 (upp purple)

Good Luck !!

BakerTech 090408

After 4 apr, BakerTech came no where near to testing the long term downtrend resistance (upp pink). Instead, BakerTech broke the uptrend support (low purple) on 8 apr, and even broke the 0.280 psychological support today, almost touching the long term downtrend support (low pink).



If BakerTech fails to hold on to the support (low pink), we might see it testing the 0.260 level.

For tomorrow :

Support @ 0.280 (green --), 0.272 (low light blue), 0.268 (low pink), 0.265 (low red), 0.2587 (pink ...)
Resistance @ 0.284 (mid pink), 0.288 (upp light blue), 0.2927 (low purple), 0.300 (upp pink)

Good Luck !!

Semb Marine 040408

Updated the trendlines for Sembcorp Marine.

Sembcorp Marine tested the 3.82 neckline twice, on 1 and 2 apr, before trading sideways for the last 2 days. Incidentally, the high (3.88) on 2 apr is the same as 27 feb.



We might see Sembcorp Marine attempt to test the 3.82 neckline again next week. If Sembcorp Marine can break the 3.82 neckline, as well as the 3.88 high, the next resistance would be around the 4.00 level.

If Sembcorp Marine is unsuccessful, we might see it receding to the 3.60 level.

For monday :

Support @ 3.748 (low green), 3.68 (low red), 3.61 (blue ...)
Resistance @ 3.82 (red ...), 3.857 (upp red), 3.88 (pink), 3.94 (upp green), 3.98 (upp blue)

Good Luck !!

Olam 040408

Updated the trendlines for Olam.



Olam tested the 2.47 psychological resistance (red ...) twice, on 03 and 04 apr. Having been on the up since 20 mar, we might see some profit taking for Olam next week.

For monday :

Support @ 2.44 (mid red), 2.33 (low pink, mid green), 2.30 (low red), 2.218 (blue)
Resistance @ 2.47 (red ...), 2.50 (upp pink), 2.52 (upp green), 2.60 (pink ...)

Good Luck !!

Ferro China 040408

Updated the trendlines for Ferro China.



The closest Ferrochina came to testing the 1.44 psychological resistance (red ...) was on 2 apr, when it hit a high of 1.43. From the chart, we can see that Ferro China is still trading within the 2 uptrend channels (light blue, green).

Ferro China is getting closer and closer to the end of its double-bottom formation. If Ferro China can continue to trade within the uptrend channel (light blue) and break the downtrend resistance (upp pink --) next week, there's a high chance we might see Ferrochina testing the 1.44 psychological resistance (red ...) again.

Watch for volume too.

For monday :

Support @ 1.36 (low light blue), 1.346 (mid green, mid pink --), 1.28 (low green, low pink --)
Resistance @ 1.407 (upp pink --), 1.44 (upp green, red ...)

Good Luck !!

Cosco 040408

After running up for almost 2 weeks, it is inevitable that Cosco takes a breather. It peaked at 3.92 on 2 apr, which is very close to the previous high of 3.90 on 3 mar (before it went downtrend).



From the chart, we can see the 2 immediate support levels for Cosco - 3.48 (blue --) and 3.26 (blue ...). If Cosco can rebound off any of these 2 supports, we might be looking at a double-bottom formation for Cosco.

The testing of the long term uptrend resistance (light blue) might have to wait for a longer while.

For monday :

Support @ 3.50 (low pink), 3.48 (blue --), 3.42 (low pink --), 3.348 (low red), 3.26 (blue ...)
Resistance @ 3.60 (upp pink), 3.67 (mid pink --), 3.697 (upp red), 3.82 (red --)

Good Luck !!

China Aviation Oil 040408

China Aviation Oil opened above the 1.50 psychological resistance turned support (green ...) on 31 mar but closed below it. However, on 1 apr, we saw China Aviation Oil again opening on the support (green ...) and continued to trade upwards within the uptrend channel (purple).



Although China Aviation Oil broke the downtrend resistance (upp red) today, we also saw China Aviation Oil opening and closing at the same price - $1.64, which may probably indicate that it has hit some resistance at that level.

If China Aviation Oil cannot break the 1.64 temporary resistance, we might see it consolidating at around the 1.60 level (mid purple meet upp red), before attempting to break it again.

If China Aviation Oil breaks the uptrend support (mid purple), we might see it receding back to the 1.50 psychological support (green ...).

For monday :

Support @ 1.608 (upp red), 1.57 (mid purple), 1.50 (purple ...)
Resistance @ 1.64 (4 apr opening/closing), 1.682 (upp purple), 1.75 (19 feb high)

Good Luck !!

China Sky 040408

After breaking the 1.10 psychological resistance turned support (blue ...) on 1 apr, China Sky seems to be trading sideways for the last 3 days, testing the downtrend resistance (upp pink --) but closing below it.



Would be interesting to see if China Sky can hold on to its 1.10 psychological support (blue ...) next week. If this support breaks, we might see China Sky receding back to the 0.95 to 1.00 support level.

If China Sky continues to trade within the uptrand channel (green) and break the downtrend resistance (upp pink), we might see China Sky testing the 1.35 neckline (red ...).

For monday :

Support @ 1.10 (blue ...), 1.077 (low green), 0.976 (upp red, low pink --), 0.927 (low pink)
Resistance @ 1.115 (upp pink --), 1.232 (upp green), 1.30 (upp pink), 1.35 (red ...)

Good Luck !!

China HongX 040408

After closing below the 0.650 neckline on 02 apr, China Hongx broke the uptrend support (upp purple) the nex day. Today saw China Hongx breaking yet another support (low purple).



China Hongx still manages to trade above the downtrend support (upp green). If that support holds, we might see China Hongx consolidating around the 0.600 level.

However, if that support (upp green) breaks, we might see China Hongx testing 0.545 support (blue --) level.

For monday :

Support @ 0.613 (upp green), 0.580 (low pink, mid green), 0.560 (low red), 0.545 (blue --)
Resistance @ 0.650 (red --), 0.6675 (upp red, low purple),

BakerTech 040408

BakerTech traded above the 0.280 psychological resistance (green --) and downtrend resistance (upp red) today. BakerTech is still trading within the uptrend channel (purple).



Next resistance level for BakerTech looks to be around the 0.310 level (pink --). However, BakerTech would first need to break the long term downtrend resistance (upp pink) before there can be any chance of testing it.

For monday :

Support @ 0.288 (mid pink), 0.2835 (low purple), 0.280 (green --), 0.276 (upp red)
Resistance @ 0.3026 (upp pink), 0.3066 (mid purple), 0.310 (pink --), 0.314 (upp purple)

Good Luck !!

Yangzijiang 020408

Yangzijiang broke the 1.01 psychological resistance (red --) today. It also broke the long term downtrend resistance (upp red). Yangzijiang just about managed to stay above the downtrend resistance (mid pink).



It remains to be seen if there is any follow through for Yangzijiang tomorrow. If Yangzijiang continues to trade within the uptrend channel (blue), we might see it testing the next resistance level which could be around the 1.20 level.

For tomorrow :

Support @ 1.01 (mid pink, red --), 0.9755 (low blue), 0.952 (upp red)
Resistance @ 1.09 (mid blue), 1.18 (upp blue)

Olam 020408

Olam not only opened above the 2.18 psychological resistance (red --) today, it also broke the long term uptrend resistance (blue). Olam also tested the downtrend resistance (upp pink), and closed right on the trendline.



If Olam can open and stay above the long term downtrend resistance (upp pink), and continue to trade within the uptrend channel (green), we might see it test the next resistance at the 2.47 level (red ...).

For tomorrow :

Support @ 2.248 (upp pink), 2.223 (mid green, blue), 2.18 (red --), 2.11 (red), 2.09 (low green)
Resistance @ 2.373 (upp green), 2.47 (red ...)

Good Luck !!

Cosco 020408

Cosco today broke 2 long term downtrend resistances (upp red, mid pink --). From the chart, you can see that Cosco is trading nearer and nearer to the long term uptrend resistance (light blue).



If Cosco continues to trade within the uptrend channel (purple), there's a very high chance that Cosco might break the long term uptrend resistance (light blue).

And if that happens, we might see Cosco really reversing its downtrend. Keep a close watch.

For tomorrow :

Support @ 3.77 (low purple, upp red), 3.728 (mid pink --), 3.487 (low pink --), 3.437 (low red)
Resistance @ 4.012 (light blue), 4.12 (upp purple), 4.26 (upp pink --)

Good Luck !!

China Hongx 020408

Although China Hongx opened above the 0.650 resistance level (red --), it closed below it due to selling pressure. China Hongx just about closed on the uptrend support (low purple).



For tomorrow :

Support @ 0.618 (mid green), 0.569 (low red), 0.541 (low green)
Resistance @ 0.650 (low purple, red --), 0.674 (upp red), 0.700 (upp green)

Good Luck !!

BakerTech 020408

BakerTech today opened above the 0.280 psychological support (green --). Whether the 0.280 level can continue to be the support remains to be seen as the BakerTech's closing price is the same as its opening price, which may indicate selling pressure.



BakerTech would have to continue to trade within the uptrend channel (purple) and break the downtrend resistance (mid pink) convincingly to really reverse its downtrend.

If BakerTech is unable to break the downtrend resistance (mid pink), we might see it revisiting the 0.260 level.

For tomorrow :

Support @ 0.285 (low purple), 0.280 (upp red, green --), 0.266 (low red), 0.262 (low pink)
Resistance @ 0.291 (mid pink), 0.305 (upp pink), 0.310 (upp purple)

Good Luck !!