CityDev – Hammer at MA support but…
CityDev today formed a hammer with fibonacci support and also the 200 day moving average support. However, it is also resisted by 20 and 100 DMA. Therefore watch to see if it can clears this MA resistance.
Ezra – hammer on downtrend
Market finally did a technical rebound today and Ezra formed a hammer at 200 day moving average. Do take note however Ezra is a downtrend counter, therefore caution is needed.
NOL – fast reaching to round number
NOL seems like being drawn to $1.00 support and it is approaching really fast. Do watch to see if there is a reversal candle at round number if it does reach there.
Cosco – on support
Cosco is now sitting on a weak classical support which is also together with a fibonacci support. Both are weak support, therefore watch for a reversal candle before deciding. Do take note that you will be doing a counter-trend trade and before entering any trade, do remember to watch my this week YouTube.
May 14, 2012 Weekly Singapore stocks with Jonathan Tan
What a change from the beginning of May with bears attacked fiercely. What happen to the bulls? Can we still buy on dips? With JP Morgan bearish news, can Dow Jones continue to go higher? What about Greece government? So many questions and so few answers. What will happen to Straits Times and Singapore stocks? Find out what it is in this week video edition.
Remember to let your friends know about this video, ChartingAcademy.com, and Facebook. Thanks.
Nothing much to post tonight
Looking at the bunch of charts, only thing worth looking is KepCorp but no reversal seen yet. I am short term (in days) small bull but am a patient bear waiting for the signal to stretch. Once Europe sneeze again, the cards will tumble. Therefore, we are in no news is good news situation. And since it is Friday, do take a good rest this weekend because you will need it in the next 1 to 2 weeks time.
S&P500 levels being highlighted in the webinar
For those that have yet to watch this week YouTube which is being recorded as webinar, I highlighted that S&P500 must not break the critical level. If you have not watch it, better watch it soon…
May 10, 2012 10:00AM Singapore Stocks Webinar with Jonathan Tan [InnerCircle]
Put on your seat belt and jump into the ride. When everything looks good to the upside, Greece pulled a fast one and threatened to scrap the bailout. Aunty Merkel is going to be “pissed” and when a woman is not happy, everyone around her will suffer. How will this affects the world? How will this affects Singapore stocks?
Join me in this exclusive webinar dedicated to [InnerCircle] only where it is less crowded and more strategies discussed.
KepCorp – testing resistance broken turned support
Previously KepCorp hit the resistance around 10.80 and went higher. Now it is back to this range again. Will this previous resistance now will turn to support? Watch to see if there are any rebound.
Straits Times – now watch to see
Straits Times now have to watch to see if best friends can become worst enemies. That would be a good place to initiate shorting position.
