Friday, March 26, 2010

NOL


Trend : Uptrend, price rested on 20d MA
Last candle : Doiji display indecisive, pending confirmation on direction.
MA: 20d MA pointing up but 50d and 100d are flat. suspected limited upside movement in near term.
Indicators:  Caution - bearish divergence!
MacD histogram below ctr. is red while signal line bearish crossover are bearish.
RSI pointing down towards 50% pending rebound
Stochastic at oversold has bullish crossover.
Conclusion:

Potential rebounds at current support 1.93. Wait for confirmation candle!
Immediate resistance at 2.03 has limited upside. If rebound at 1.93, it is higher low, hence showing strong uptrending...
If breaks support, be aware of price gap at 1.89. Further support at 1.81 is confluence with 50d MA

Kepcorp


Trend: Uptrend, broke psychological 9.00 with high volume.
Classical analysis:
Price retracing toward support level. 20d MA is bullish.
Indicators: No bearish divergence.
MacD histogram 5R, pending one G to confirm entry signal.
Stochastic rebound at 50% is bullish
RSI uptrend t 70% is overbought
Observations:
Flag formation with price target 10.00 if breakout. Nearest resistance at 9.31. Support level - 9.00, 8.74
Good risk rewards ratio.
Recommend to long when breakout formation with volume.

Sembcorp


Overall sentiment:

  • Uptrend.

  • Stock rebound from bottom to 50% is currently retrace to 3.90 resistance turn support.

  • 3.90 support is strong because the mar 11 breakout with significant volume.

  • Weekly chart shown stock trading in uptrending channel is currently retrace to lower channel. Hence watch out if stock break below 3.90.

  • Also noted bearish divergence on RSI and stochastic indicators.

  • 20d vertical up is bullish, 50d and 100d are pointing up.
Conclusion:

Watchout for immediate support at 3.90. If breakout below, wait for retracement to lower channel as shown in weekly chart above for rebound since indicators shown bearish divergence and RSI, stochastic trend are compromised.

STI

Trend :
 Uptrend, Higher high, higher low, MacD signal above ctr.
Support :
 2884 minor support/ 2840 (strong - rising window confluence with 20d MA) / 2800 20w MA support
Resistance:
 2930 - 3000
Candles/ Moving Average :
 Weekly and daily show retracing. 20d MA bullish crossover 50d and 100d MA is bullish.

Indicators : No bearish divergence
Bollinger band - stock is retracing towards ctr. of bollinger at 2840 also confluence with a rising window.
MacD - daily  histogram 4R is pending 1R for entry sign, weekly MacD moving towards ctr. line.
RSI - daily overbought, moving sideway, weekly RSI is 53% hence, suspect this retracement is temporary.
Stochastic - moving down near 20% over sold expect limited down side.

Observations:
Strong support at 2840. If rebound around this level, also supported by 20w MA, stock could be continue the upward channel as shown in daily chart.  Rebound around this level will reconfirm uptrend, higher low.
Any breakout below 2840 could potentially attemp to cover the rising window at 2800.
Weekly trend suggest between 2930 - 2686. Hence 2840 is critical level to watchout!

Tuesday, March 16, 2010

Citi

Trend
  • Uptrend, Higher high and Higher low
  • MacD signal above Ctr. is displaying uptrend
  • 20d MA is pointing up and recently completed 50d bullish crossover.
  • Price brokout from long standing  resistance @ 3.47 with high volume is significant would be strong resistance turn support.
Candlesticks
  •  Last trading display bearish engulfing, indicating short term retracement expecting, need one more bearish candle to confirm
  •  Price supported by rising window ( 3.92 - 3.86) and appeared to be on top of a channel.
Indicators
  •  RSI overbough 70% pointing down is expecting to retrace towards 61% level in channel.
  •  MacD histogram 4G1R is bearish, expect short term retracement.
  •  Bollinger band - Price outside the band is expecting to retrace back to 20d near term
  • GMMA chart shows short term and Mid term MA are crossing above long term. The long term MA consoldiation suggest investors approaching Price/value agreement and down trend is ending soon if the long term MA begin to expand. i.e. good to enter when short term MA rebound near the long term MA.
Conclusion
  • Short term is expecting price to retrace.
  • Long term indicating confident is building up and good to consider 'long' when price rebound to support (3.857  rising window support, 3.5 )
  • Wait for MacD 4R1G to enter
  • Target resistance @ 4.3, 4.87

Tuesday, March 2, 2010

Elliott Wave


Except Kepcorp and SembMar, most of these counters are on Wave (B)!
Watchout for the Corrective wave patterns..Could it be Zigzag, Flat or Triangle..?