Been away

Haven’t been posting anything for awhile now.

Been busy with life.

meanwhile, nothing much exciting in the sgx. making small climbs. same goes for other markets too

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SGX S68 Short Term

SGX (S68)

Support: $7.45
Entry: $7.55 – $7.60
Near Term Resistance: $7.65
Target: $7.74

Time Frame: 2 weeks – 1 month

Comments: Previous times when we see such candlestick with good volume, good tendency for the stock to climb higher for the next few days. Good to target for $7.65 breakout, and take profit zone around $7.74 as it seems to be the resistance for previous times. Bullish Stochastic crossover under 20% level

Bumitama Agri (P8Z) Short Term Idea

Bumitama Agri (P8Z)

Support: $0.77
Entry: $0.785
Resistance: $0.835
2nd Resistance/2nd Target: $0.865

My Preferred Range Trade: $0.785 – $0.835
Time Frame: 2 weeks – 1 month

Comments: 2 good signals. Stochastic crossover below 20%, good signal. Possibility of MACD Histogram value above equilibrium line soon? Signal line crossover.

Short Term Trading Idea on Yangzijiang Shipbuilding BS6 9 Dec 2016

Yangzijiang Shipbuilding (BS6 / Daily Chart)

*This idea is to trade on the higher possibility of advancing share price. I highly recommend clients to have stop loss when doing trading.*

Cup and Handle formation spotted. It is a bullish continuation pattern.

(Details on formation: http://www.stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation)

Comments: Stock seems to trade with support of 14 days Moving Average (Indicated by Thin Red Line). If the 14 day Moving Average crosses the 200 days Moving Average (Long Term, Thin Green Line), it will have high chance of trading at a even higher price. This is even better if coupled with higher trading volume.

Short Term Price Support: $0.86
Next Price Support $0.83

Resistance Price: About $0.93
Suggested Entry: $0.83 – $0.86

Target Profit Taking Price: $0.93 & Higher (6.70% Profit, with entry at $0.86)
Time Frame: 2 weeks – 1 month
Suggested Minimum Trade Size: 5000 shares (About $4.3K)

Risk Level: Mid
Stop Loss: Once the share price breaks below $0.83 (5.36% Loss, with exit at $0.825)

*Chart at 12pm*