STI Elliot Wave Count

Current at Wave 1-5. Very likely to be the shortest wave. Be ready for Wave2-a very soon

China Sky

Ding Ding Ding, small token for myself over ascendesreit call. See a hugh white candle form last trading day... :)

Lets move on.. What is meaty to look at for coming week. China Sky? Not an inducement to buy. Analysis done solely on TA.

Bottom at 0.15. Target 0.22 in 3 - 4 weeks

Ascendasreit

Likewise, Capmall display similar potential uptrend as this baby. Personally i would prefer ascendasreit simply due to bolinger wider for more rooms upside + Price touching lower bollinger with ascending volume.

***Once livingston has been a genius winning all bucks from bucket start losing when he came to New York Exchange. He demostrate how he found out an different trading profile to suit a new trading environment. What is important here is FIND OUT YOUR OWN trading pattern that win you most calls accurately. Find? Find? Find Out NoW

Small Cap Return???

My Pick of The Day:
Abterra

Summit

Midas

Peanut formed.. hehe. So break up or break down? We shall see on monday

STI Outlook (25 - 29th) May 09

Bears would say there may be a double top at 2284 and 2274 which
implies that to negate this view the STI must quickly overcome 2284
and move well into 2300 territory. Anything below 2100 would be a significant pull back (Althought is not likely to form lower low)

Bullish technical signals says next week we are expecting a pullbacks to below 2200 offer another chance of buying again. Support, 2163

Similar to Dow, which is recently still staying in grey area, betwen double top or further cheonging. The only conclusion drawn is no strong sign of selling as for now yet. My take is TA plus market sentiment showing potential minor pull back early next week, and continues its journey to met physicologycal region 2400/2500. From there a significant down waver must happened based on Weekly indicators.

Comfort Delgro

Proudly today i present you ComfortDelgro.. with current sentiment follow by starhub, defensive stock will kick in on uncertain market. With its both daily and weekly chart showing bottoming, i suspect exploration is on its way. Ops did i just says, today FA Q1 looks quite attractive for this stock but without div announced?

In my humble opinion, doji star says.. Go Go Go!!!

ST Engineering

Today Support is critical.. If further breakdown we shall see 2.1 region. TA wise, Volume, Stochastic, RSi shows potential of rebound. However, i will not be surprise if breakdown further as OBV shows no interest of fund at the moment. MACD infact still bearish.. Need confirmation tomorrow (Critical)

Raffles Education

With current TA, raffles looks attractive. OBV shows very strong momentum.

Resistance: 0.52

Support: 0.41 (Plus ma50 support) together with sub uptrend support.

Scenario 1: Likely to temporary rebound from current low to hit 0.52 before correction

STI Outlook (11 - 15th) 09

From STI Weekly, my view monday open will continue to stay above its 2 years downtrend resistance. Now is support. (Daily chart shows staying above ma200. Next strong resistance or potential turning point to watch 2310 region.

Dow Outlook (11-15th May) 09

Dow has broken and stay above its multiyear downtrend for 2nd days. The breakup is confirmed. Next level target? The strongest is where fibo 38 and MA200 met at 1915 region. Of course 1900 will be round number pychology barrier but weak one.

Indicator: Daily stochastic is showing overbought. Personally i am expecting any retracement near term will be mild one. MACD crossever stay very firmly above middle line means very bullish and heading up. MA near term is heading. Thus, near term the price will anticipate uptrend. However MA200 has not u turn yet. Do Note during previous bull run, twice down touches ma200 and went higher. During this bear run, Wave B touches ma200 and didn't break through. Wheather dow is turning from bear to bull or continues its journey of Wave E for big plunge will look at ma 200 resistance.. so near term, another 500 points rooms for Dow to cheong!!!

Bank Sector Outlook

DBS, UOB and OCBC all sharing the Same Chart. 3 In one.. Look at the key resistance ahead.. Can this be broken.

Currently Sentiment says YES. TA says Full valued. Thus, i say YES mild correction ahead and is very likely to break like nothing soon..

ST Engineering

Ding Ding Ding.. i can get one point for forecast to Starhub..

Lets move on. Sadly today i make a big mistake. I enter a position without confirmation!! Thus, i have enhance my trading rule. Talking bout ST Eng

Positive:

1) Higher high, higher low stock. Look at the volume is plain obvious some breakout is around?

2) Support of 50 ma is very strong

3) Assuming bull run, ST eng is touching lower bollinger and should rebound.

(During bull run even touching, there is chance the price will hugh all the way down)

Negative:

1) Stochastic is not fully form

2) MACD has no clear sign of UTURN!!!. Further more MACD signal is coming downward but long way to go.

Obviously i did a big mistake in this trade.. learn from lesson..

STI (Quote Lim and Tan)

Starhub

Very upset to see everyone on the boat but you are not.. have some faith.. one lagging big titanic is awaiting you.. YES wait for you... Don't miss lar.. LOL. My take is 70% up.. Wow

1) Volume Increasing significantly

2) MACD going to form positive divergence

3) Of course Stochastic needless to say

4) Competitor, Sing ah Tel already sail loe..

5) Is defensive Stock. Good fundamental. Same cap size of singtel i see why singtel is 1 dollar more expensive.

Riding The Last Boat

Looking at STI weekly, fear dominate my greed.. Storm is at our doorside within a week or two for sure. and this should be a big one. Yet, STI daily show marginal upside potential.

Cheery Picking: China Sport?

1) Very well stay above 50 ma after touches and rebound. Previous data shows 50 ma is the major resistance. Resistance turn support.

2) Daily and weekly stochastic looks convicing

3) MACD is making u turn with cross over strong staying above center line.

4) Don't forget CUM Dividend. Not too attractive but not as bad after all

Now what is the entry price? 0.11? The hammer form today is the one which scare me.. but i think 65% upside. Good Luck!

One Million Dollar Question

Wow it is coming to me, that as time passes, this is the 3rd years ever since i started to gain my interest deeper in this game. Recalled all my effort placed, the time, money, stress.. am i doing the right thing here or i am just trying to do the things right?? How naive am i trying to win the whole wide world?

I have this chance retreat to outskirt for couple of days... the one million dollar question kept on popping out in my mind. Am i doing the right things? Earning the right money? Or i am just another plain fool trying to win the world. Million dollar question not answered...

Maybe i should have pursuing the Right Thing that will reward me even more handsomely... Hmm..