Quick update…
Apologies, as today too many counters for me to post one by one. It will just take too long. So, I will summarize in here counters that have bearish candle and you open the chart yourself. It is one of those days where bears are in full attack mood. Heard it is because Hong Kong got bad unemployment data.
CWT
CapitaComm
ChinaFish
Cosco *Highlighted in the email alert last week and is still in play.
Genting SP
NOL
OCBC
Olam
SGX
SIA
UOB
Yanlord
Sakari
GoldenAgri
KepCorp
Noble Grp
SembMar
SIA Engg
Yangzi (bearish but not engulf)
Straits Times
Hang Seng
Today is what I called a target rich environment. Do your due diligence and I will see if I can send out any email alert later.
Wilmar (on request) – lost the grip at 5.00
Wilmar tried very hard to regain the psychological support of 5.00 as been highlighted in my regular YouTube over the last 2 weeks. Now, price action looks bearish. so close yet so far
It kinda remind me of this video below:
Biosensor – shooting star at moving average resistance
Biosensor today hit the 50 day moving average and formed a shooting star. Do watch out for possible profit taking.
Overall we are still in uptrend
On a bigger picture we are still uptrend, just that now we are near resistance. To short, one will be against the trend, so do understand the risk that you will be taking but it is easy to cut loss as the cut loss point will be above the break of the resistance. To long, just wait will resistance break first.
I forgot to add this into the email, so I thought I would add it here.
Disclaimer: This is just my own personal opinion and I am not your broker. Please consult your own broker or remisier as they are licensed to advise you.
Amtek Engg and Yoma (on request)
Amtek Engg still could not clear the falling window resistance (shaded area) previously and now may be gaining momentum trying to clear it again. On Friday, it cleared the 200 day moving average, but to enter long position now, one would be chasing. Support would be the 50 dma, and classical support at 0.655.
Biosensor and LionGold was highlighted in this week’s YouTube, so do watch it there.
I got a few request for Yoma as it was highlighted by someone (but don’t ask me who, ok). Do understand different people have different technique of looking for stocks therefore I do not want to get involve in who is better or worse type of battle. I give him the respect.
Yoma:
All I can say for now is Yoma is trading inside a range from 0.38 to 0.50. If one has not entered on long position, then the risk and reward right now would not be good.
Mar 19, 2012 Weekly Singapore stocks with Jonathan Tan
http://ChartingAcademy.com http://DreamFirstAid.com
It was a non event option expiration week and US continues to go higher. However a lot of Singapore stocks are stuck at resistance. Are we going to have a bull run with Golden Cross or will this resistance break the bull backbone? Find out what it is in this week video edition.
Remember to let your friends know about this video, ChartingAcademy.com, and Facebook. Thanks.
Note: There will be no webinar this Thursday and next Thursday as I am taking a course on how to be an actor, director and producer on this Wednesday and Thursday (basically a how to shoot video course lah). Next week, I will be helping out in a seminar throughout the whole week at Singapore Expo.
Therefore, there will be a last regular webinar scheduled this Sunday March 25th at 10:00PM.
There will be no regular open webinar from April onwards.
Previous alert…
Based on the price action for Cosco Corp, the previous alert being send is still valid for Monday and Tuesday.
Help me help you…
It has been a year since I started my YouTube. Time really flies. I would like your help as I want to know your problems. How can I be a service to you? I do not mean you asking me Wilmar can buy, or Capitaland can sell. I mean more than that, what can I do to help you? If you are not comfortable answering it in Facebook, feel free to email me at 
If possible, I would like to know if Youtube and Thursday webinar has been helping you and how can I improve on it? And how can I improve this website so that you get more benefits out from it.
Take this as your yearly review on myself.
Thank you very much for your support.
A little bit on education
This was seen in yesterday’s evening using 5 min chart in EUR/USD. It nicely formed an ascending triangle and blast off higher when the resistance break. And if one missed it, there is a second chance (see left circle). And when it is about to top out, it displays several shooting star in a row (see right circle). Morale of the story: If one waited long enough, there will be opportunities just drop onto your lap if you know how to recognize it. Some people call it luck, but I say if one depends on luck without the correct knowledge, the luck will never come because even if showing it right in front of the face, one will also do not recognize the opportunity.
Even though this is a forex chart, price action will also be similar for stocks. So wait patiently for the right signals before entering. If one everyday goes looking for stocks with the expectation of catching a fish every single day, then not only will one be disappointed, but will also lose their hard earned money too.
Sembmar – into closing window resistance
Sembmar is coming to a strong resistance. It would need a bullish news or market for it to go higher.
