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Archive for March, 2012


SGX – possible bear flag

If SGX break support of 6.75, it is possible that bear flag will be in play which targets to a price of 6.50 which coincides with the 100 day moving average and also a classical support. It would be good if there is higher volume when it breaks the support.

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Waiting patiently…

Market has gone up for the last few days. And with Straits Times and Hang Seng near resistance, I will be watching closely on its price action on what it will do there. Other than that, I am just having fun scalping EUR/USD awaiting the seasonal winds.

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CandleAlert updates and termination

Over the last few weeks, I received a lot of emails asking when will I be able to release the CandleAlert to the public, and yes, i have been working on it. But over the last few weeks, I noticed that the failure rates has suddenly jumped and the percentages of success is not as […]

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Hang Seng Index

I will be watching how Hang Seng will be behaving around 21300. If it displays bearish candlestick, I may consider entering some short position.  

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FirstRes – a counter that refuses to die

Today FirstRes closed at historical high and looks poised to climb higher. For those that are shorting this counter would have hit the cut loss level or if tomorrow kept on going higher, one would have to seriously consider cutting loss.  

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Mar 12, 2012 Weekly Singapore stocks with Jonathan Tan

It was a good Non-Farm Payroll but the technical Greek default spoils the party. So moving forward what will need to watch out apart from Federal Reserve meeting on Tuesday, Option expiration on Friday? Can Singapore stocks break out from its resistance to go even higher or the dark clouds over the horizon are getting […]

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Straits Times Index – Support and resistance level

Straits Times has a short term lower high and lower low. Which means the for a potential change of trend, STI would have to go and closed higher than 3000 to create a higher high, which is also the psychology level.

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Osim – reaching strong resistance

Osim has formed a lower high and lower low. If this is a technical rebound, then the resistance to watch  is 1.185.

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Sky One – running out of air

Sky One today formed a high volume shooting star. If it starts to turn lower, high chance it is end of the road.

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FirstRes – near historical high

FirstRes is near historical high. Resistance to watch out is 1.865. If closed higher than that, the bearish signals will be negated. This is one strong counter that refuses to die.

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