Yanlord

I will review Yanlord closely until uptrend is intact (Profit) before i will consider to add any long position at current market

Today low support by 2 support lines. 1st the 20 months old support line at 2.2 and recently march rally uptrend support.

Next Resistance: 3.15 uptrend channel. 2.4 major resistance

Next Support 2.15,2.0 level

DOW + STI

Looks like everything still sitting probaly in their channel.. So is ideal to sit tight with your long position in bull run..

Yanlord

Okay i have revisited TA for Yanlord on the request of my trade buddy.. First lets have a bigger picture of how i get the major trend line (Blues). Following is a narrow view of recent price movement. As you can see, we are still in yellow downtrend pending breakout (Up)..

First Support 2.26-2.3, broken if will continues its downtrend all the way to 2.1 or so.. slow bounce off (Sideline after touching lower BB)

First Resistance 2.36-37, downtrend channel. 2.4 is major resistance but if downtrend brokeout, it could be overcome easily. From the TA point of view, Yanlord is well position for a good rebound with the support and resistance very clear cut with its momentum indicator. Or in fact good entry should be after 2.4 broke up confirmation. cut if support broken. My major concern would be major sti sentiment which seems a bit bo lak compare to previous rally.. Suggestion is to load small position during retrace.. Slowly when the initial position gain profit, top up to double profit along the way.. with this you keep yourself with lowest risk. (Note: no contra is advisable for this stock)

Next TA is using Elliot Wave analysis.. Mine is kanasai skilled but so far i find it pretty useful to analysis general direction (As indicator never provide how a potential trend can goes but EW does .. :))

Now Wave 2 never retrace 50% of wave 1 which usually does. In our case, 23.6 38.2 region. Wave 3 the longest. Wave 4 never touches wave 1 region. Common Fibo retracement for wave 4 is 0.382 region. but in yanlord case 23.6.. unless yanlord is superbullish (Likely) or my Elliot wave count sucks... WRONG. In this case we are primary B, Wave C... (Bear looking for bottom)

Okay This is how i did it..

Impulse Waves. For wave 3, 5 the common Fibo ratios are 1, 1,618, 2.618 and rarely 4.618.. To calculate Waves 3 projection, we take the distance traveled in Wave 1, 0.705, multiply with 1.618 and extend from the extreme of wave 2. The results is 2.35 . In our case actual wave 3 2.47 which is relatively close.

Wave 5 is a bit tricky. 2 scenarios:

1st:

Wave 3 will typically be the extended wave while wave 1, 5 will tend toward equality. So our first Fibo ratio is equality 1. 2.15 + 0.705 = 2.855.. Fui Yo.. 2.89 as End of Wave 5 ?? So close?

2nd:

Wave 5 is extended wave, thus 1.618 ratio to Wave 1 - 3, in our case target 2.92? Within Wave 5, 5 sub waves is nicely defined. Huat Chai ba

NOL

Yanlord

Hope this Lardlord can make some money for me.. look carefully, it is well position and consolidated.. first thing it has to break out 2.4 with decent volume.. support at 2.28 region... (2.32 lot for next few trading days before it break uptrend support line)

Ascendasreit

See immediate resistance and support. Any breakup above red resistance.. will go further to fill the gap at lease. any break down below green line support.. cut.. must cut.

STI Plus Epure

Look carefully intor STI. Immediate downtrend resistance as of yesterday high 2610-20 region. However, momentum indicator strongly suggest that uptrend will resume (Likely hood of breaking resistance is strong). The short coming of indicator is never tell us how far it can goes.. so trade with care.. i will buy on dip.

Epure has form beautiful turning point.. suggest buy low sell high today

Stock for Short Term Trade

Ascendasreit
Epure

Stocks to monitor:
Yandlord
First resource

Kepland

Bollinger very tight Something very big going to blow up within the triangle formed.. it will follow as per market i strongly believe.. chances is there is potential to break up.. Pls wait patiently for the volume

Dow

STI Big Picture

Capitamall

Mr Turtle is climbing very slowly but steady..

STI Intraday

Chances is here See breakup or down

Focus on Long: Capitamall 1.5 region

Focus on Capitaland and Straits Asia: Intraday

Elliot Wave Technical Analysis

Trying a variety of analytical techniques is a problem for traders.


My style of trading is defined with the major trend with the timeframe of 1-2 weeks. Wave principle + Chart patterns on Hot Stocks.



Elliot Waves: Cut to the point:
A single cycle comprises of eight waves:
1) In a major trend we assume 5 subs Wave. Be it 1,2,3,4,5
2) In a consolidation phase we assume 3 corrective subs Wave. Be it A,B,C
Both applies to Bull and Bear Market.

Thus, Wave 1,3,5 are impulse wave. Wave 2,4 on the other hand are corrective waves because they correct waves 1 and 3.
The longest cycel in Elliott concept is grand cycle. Each further subdivided into 8 supercycle waves. so and so forth to embrace primary, intermediate, minute, minuette and subminuette

3 Rules:
1) Wave 2 can never retrace more than 100% of wave 1
2) Wave 4 may never end in the price territory of wave 1
3) Out of the 3 impulse waves,1,3,5 - wave 3 can never be the shortest.



Lets put it in practical on Capitaland (Hot stock)... To be continue

STI Outlook

Today STI performance really drop many off the chair. Although is expected but the magnitude of correction is greatly out of expectation.. Thats market. It seems to me previous correction trend form an immediate support for our current correction (Red trend). However the major/chances for rebound, we are looking at lower up trend (Blue trend). Which we are looking at 1500-1520 region potentially.. To long or to short in these grey area is not recommended..

Previous call on Biosensor, still quite sustainable abeit market plunge like hell.. A mere market recovery will bring this baby up i think.

Capmall on hold.. revisited but no clear sign of bottoming (expecting next two days)

Biosensors

Could really Cup and handle as powerful as previous Ellipsiz and Rowsleys?? Let biosensors prove it.. It has remarkable volume i must mentioned. Any pullback next few is a good buy (Not an inducement). Potential break up!!!

STI Elliot Wave Count - 2 Potential Scenario

Although majority of the market predicting Scenario A, humbly i say market is really unpredictable. Anything could happen, Scenario B, C, D?? haha

STI + Capitalmall

Support 2500 to
2515
Resistance 2744

CapitalMall

Load.. 1.47 today..

Chances of rebound is there... Need volume verification today..

Simple charts (3 months Lower and 5 days hourly Upper) showing that ~2560-70 immediate support must hold. Else we are heading to ~2400 region potentially.

Best play now is to focus on pennies. But not the cheap pennies 5-20 cents type.

Rowsley

This chart is posted after 1 week of previous call.. I hope everyone bottom at 0.14 start huat-ing.. Huat lar.. POWER of Cup and Handle if support by real volume.. During handle formation we will see cheezing volume ready for explosion (Bottoming chance)

No trend line is needed. Compare this with Ellipsiz.. any commonality?? Keep an eyes with this.. Volume is remarkable.

3rd liner Play

Focus on Unifiber, Rowsley (potential), Healthway and Medtec. Monitoring if any breakup potential..

Ellipsiz

Power of Cup and Handle

Update the next day after the call.. ding ding ding.. Power!!

STI Intraday

Wait Still no sign of break up yet from hourly chart.. Load when downtrend channel is breakup!

Sino Tech Fibre

Low at immediate support 0.135. More downside foresee..? Worth to monitor..a huge gap to fill soon

STI Outlook 4th Aug 09