China Sky

This is going sky high or ...

My take is 49 (Break up) - 51 (Break down)

Break up as in, u see the similarity of doji form at 52 weeks low?? 0.12 Stochastic shows perviously price always rebound from this point.

Break down as in, weekly chart show previous rebound from 0.12 is supported by lower bolinger band.. This time round if it has to touch lower band to rebound that will make it all the way to 0.085.. Takut. Also 52 weeks at 0.12 seems the support is not as strong after monitoring the volume for 2nd days. Hong Xing, Celestial can go to 0.055, i don't see why not this??

Semb Marine

Wow today touches 1.97.. Sembmarine Resistance After this, next support 1.88 will be in play. Why i know this?? You have to ask my buddy.. We bloody went in to short at THIS POINT and breakup happened.. and many opening and closing due this point.

Why Sembmarine MIGHT rebound from this point?

1) Do you see the GAP? Why so special with this GAP. This is island where GAP down at 1.97 and close 1.97 and GAP UP next day!!!

2) 7-day RSI at 37.6 should give a buy signal on any further drop towards 30 which could come if it hits below $1.97.

3) Left one trading week towards 8 of May report (Expecting good FA)

4) The last time Semb Start turn bull on 3 March is almost one trading week ahead STI reverse bull on 10 March.. Looking at STI potential at 1740-60 region? Would this sexy lady lead again at this Point?

Worst case is it will breakdown 1.88 supported by lower bolinger band. The risk here is, during bull run price trend hug very closely and majority on upper bolinger. Even touches lower bolinger band it will bouce easily to met upper band.

My take (60% Breakup) (40% Breakdown)

STI Outlook 27 - 30 April 09

Hourly STI Chart: Index has broken the MA(50) line. MA(10) and MA(20) are already showing its downwards movement. RSI (42) heading to (30) soon. Stochastic is bottoming. In short, major trend is bearish with sign of bottoming soon. But Where??

Daily STI Chart: Showing Fibo 38.6 resistance at 1760 region PLUS MA (65) support. Wow very strong.. From current level of 1808 index t make the stochastic bottom at 0%k, that will make the index to drop another 70 points.. Which is 1740. Worst-case scenario is a pullback to 1685, which is the 50%downward retracement of STI’s rally from 1457 to 1947

Weekly STI Chart: Showing strong support MA (14) line coincide with MA (25) at 1720 region.

So, my take is wait, wait, wait... wait 1740-60 region then hoot big big.. Downside risk is - 70 points? Upside risk is 390 points.. i think i can sleep well with that entry point... Muahaha

Dow Outlook 20-25 April

All right. Cut it short. Dow on Wave D (4th out of 5 Bear Term Waves). Hovering around fibo 21%, dow is doing correction. Why i think is just a correction?

1) Previous Wave B actually hit 61.8 Fibo. Wave D target 38 Fibo at least to make Wave D valid? Jan High.

2) MACD shows flattening but the average is firmly above centerline. This is sign of bulliness. Compare to Wave B, same thing happened but higher high is made after correction

3) Lower bollinger is sharping up making higher support. Thus correction should strongly support at 1750 level.

4) Volume analysis do not shows any sign of decreasing. Suggesting market interest is there

STI Outlook 20 - 25 April 09

On the right show STI weekly candlestick. Typical recession form 5 wave down before bottoming. Currently at?? Wave D Uptrend. So how far it goes for this rally? Previous Wave B hit objective of 38.6 fibonacci. Thus, we are expecting this trend to hit 2100 -2200 objective. Comparing the Stochastic, it simply tell us there are room for further upside before Wave E.

However, today daily chart form consencutive 3 days black candle. My take is correction for the market is around the corner after massive 6 weeks rally. Everyone scratching their head now, where this correction heading?? Could it be filling 1837-1846 gap. I think so.. Good entry point for accumulation at the Gap for further upside.

Again, TA doesn't 100% accurate. I am reminding myself again market is unpredictable.

Banking Sector

Banking Sector: DBS shows sign of bearishness from its weekly and daily chart. Daily chart has broke its flag and coming down for 2nd day. Weekly chart shows touching sexy resistance. This week gonna see if it hold. UOB 50-50, No sign of breakdown yet. There are room to go up further before next resistance. OCBC shows sign of buliness, EVEN weekly. What to do, don't short yet!!

STI Outlook 13- 17 April

Weekly Analysis

Counting the bear term, is possible sti is forming wave 4 preparing for last huge wave down to make the bottom. If this is true, for major wave, previous STI reverse at the point close to Stochastic 90 while current level 65. Thus, there is room of continouing is bulliness for this week and soon will turn to into grey area for another week or 2 before plunge? Seems current momentum might trap by Fibo 23% 1940-60 (Nov High) region. 2nd scnerio if STI die die follow previous Fibo 38%, Previous wave 3 technical rebound hit the fibonacci 38% too. If tast the case, that will make it 2170 region. In other words

To Long: upside is limited, risk is high.

To Short: Is too early, no confirmation of bearishness yet.

STI Daily Analysis

Resistance, 1806 (Broke), 1828 (Friday Close), 1854, 1889, 1940-60

SEMB MARINE

Kepland - Buy Buy or Bye Bye