June 25, 2012 Weekly Singapore stocks with Jonathan Tan
Dow Jones dropped 250 points on Thursday and on Friday recovered 67 points and everyone breath a big sigh of relief. The neckline of the inverse head and shoulders are still intact for Hang Seng and Straits Times whereas in Dow Jones and S&P, it already broke. With contradiction signals, what can we expect in the window dressing week? Will be continue to go higher or break lower? How will Singapore stocks performs? Find out what it is in this week video edition.
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June 24, 2012 10:00PM Singapore Stocks Webinar with Jonathan Tan [InnerCircle]
Dow Jones dropped 250 points on Thursday and this morning (Friday) recovered 67 points and everyone breath a big sigh of relief. The neckline of the inverse head and shoulders are still intact for Hang Seng and Straits Times whereas in Dow Jones and S&P, it already broke. With contradiction signals, what can we expect in the window dressing week? Will be continue to go higher or break lower? How will Singapore stocks performs?
Join me in this exclusive webinar dedicated to [InnerCircle] only where it is less crowded and more strategies discussed.
(Note: [InnerCircle] do make the effort to join in this special night time webinar as I will be discussing specific levels to look out for. And you know when I do call for ad-hoc webinar, it means some major movements is expected)
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Cosco – could not break resistance
If Cosco breaks below 0.965, it would not be a good news for the bulls.
Yanlord – shooting star seen
Yanlord has been resisted by the 100 day moving average and today has a slight higher volume shooting star candle seen. For those in long position, do set a trailing stop.
CapMallsAsia (on request)
CapMallsAsia is now near to the fibonacci resistance and also a classical resistance at 1.53. For those in long position, do remember to set a trailing stop. It is now “expensive”, but do take note that expensive can get more expensive.
Hang Seng (On request)
Hang Seng now hit the 200 day moving average, and in addition, it is also in convergence with the 50 DMA. On short term wise, it could be consolidating to go higher but it would have to clear the 2 moving average first. Plus, it is also in overbought region. Support and resistance are highlighted in the chart.
Yanlord (On request)
Yanlord is possible forming a bullish pennant. Resistance to watch out for will be 1.185
CityDev (On request)
CityDev ran higher over the last 2 weeks and cleared the resistance at 10.60. Next resistance to watch out for is 10.88 (fibonacci weak resistance) and the recent high of 11.24. Support is 10.20 which is about where the 20 and 50 day moving average will meet. Right now, there is no signals to long or short. It is now at overbought level.
Cosco (On request)
As per mentioned in YouTube, it hits a falling window acting as resistance. It would have to clear it before it is “bullish”.
