CapMallsAsia – possible support coming
CapitalMallsAsia after profit taking is coming to the 50 day moving average which also coincides with the fibonacci 61.8% support. Do watch for any bullish reversal candle before considering.
Wilmar – trying for a technical rebound?
Wilmar today formed a small hammer at fibonacci support. It is possible that it could be trying for a technical rebound, but your risk is high as one would be going against the trend. It if does rebound, there is a possible bullish divergence.
Life’s complications…
It’s insane: we all have busy lives, we have jobs, we have interests and some of us have children. Everyone’s lives are just getting busier, not less busy, in this busy society. You just don’t have time to learn this stuff, and everything’s getting more complicated… We both don’t have a lot of time to learn how to use a washing machine or phone.
– Steve Jobs, The Independent, 29 Oct 2005
Apr 9, 2012 Weekly Singapore stocks with Jonathan Tan
http://ChartingAcademy.com http://DreamFirstAid.com
US Non-Farm Payroll added in the fewest number of jobs in the last 5 months and Dow futures fumbled. Bulls got kicked, but will the bears take this advantage? Straits Times has been continuously in sideway trying to go higher but so far has not cracked the 3030. Kepcorp tried to break the resistance but closed below. What about other 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.
Dow futures collapsed due to bad jobs report
After a bad jobs report, Dow futures collapsed. One has to wonder why comes out with a report on public holiday. I remember sometime last year, a bad report also came out during holidays and over the weekend, a lot of “good” news came out and it wasn’t that “bad” after all. So watch out for any news this weekend to sooth out this bad news. If not, it will be a gloomy Monday for bulls. Do take note that on Monday, a lot of European countries are still on holiday. So which means, major movement will be on Monday night and Tuesday.
KepCorp – just waiting to fall
KepCorp has been hanging near the resistance of 11.10. If it still cannot break higher, then when selling pressure do comes in, KepCorp will be following downwards.
Singtel – must not break rising trendline
Singtel has been forming an ascending triangle for a very very long time, but it has yet to break higher. However if Singtel do break below the rising trendline, then those longing have to be cautious as it would not be bullish.
Ezion (on request) – nicely hit fibonacci projection level
Ezion flew higher and today formed a white shooting star look-alike. The tip of the shadow nicely hit the fibonacci projection level before profit taking came in. If those in long, do set a trailing stop. If one is thinking of longing, there are some announcements out today which means one is slightly late for long.
Genting SP – reaching MA support
After a few days selling down, Genting SP has retraces close to 50% which is also near the 20, 50 and 200 moving average. In addition, slightly lower than the MA is also the fibonacci 61.8% support. Do watch for any bullish reversal candle before considering.
Do be cautious…
Alert: No chance to send out the email alert but hopefully everyone gets to see it here. Tonight at 8:15pm (Spore time) got ADP Jobs report. This report may be crucial. Therefore stay cautious if you have long or short position, especially if you have long position. I am not saying that you have to close your position, but you got to have a plan for your position.
