SoundGlobal – History repeating itself?
Previously SoundGlobal formed a hammer and price went higher. Now is has formed another hammer. but this time with higher volume. Could it be repeating itself?
SembCorp – tiny hammer at support
Sembcorp today formed a small hammer at 3.89 support. Do watch your stop loss but also do note that there are a lot of resistance to the upside.
Capitamall – Bullish engulfing at support
Today CapitaMall did a bullish engulfing candle, which is a bullish candlestick. Do note that overall it is a downtrend therefore caution is needed. Watch your stop loss as market can turn at any moment.
ST Engg (on request) – broke support but near another support
ST Engg has been forming 2 doji continuous for the last 2 days. If tomorrow is another doji but higher than today, it could be short term bullish. It could then be forming a doji tri-star pattern. However have to watch tomorrow. Just take note that overall, it is a downtrend.
Olam (on request) – At crucial support
Olam is at crucial support of 2.20. Overall, it is a downtrend but may have a technical rebound. To the upside, there are 2 trendline resistance that may stop it from going higher. Therefore if tomorrow can go higher than today, long small run fast strategy.
Webinar room started late this morning
It was brought to my attention that a quite a few people could not get into the webinar around 9:55am this morning. My apologies, it was my fault as I only manage to open the room about 9:56am as I woke up late. Slept late yesterday as was trying to figure out some services settings and by the time I slept, it was quite late. Normally the open would be open by 9:55am, sometimes earlier.
Therefore in the future, if the room is not open by 9:55am, please knock again. If still not open, push the door and shout “Wake up!!!”, ke ke ke…
Dec 15, 2011 Mid-week Singapore Stocks with Jonathan Tan
2 more days to quad-witching and the end of last full trading week of December. Next week onwards, a lot of people will be in holiday mood for Christmas and New Year. How will this week be? Find out in this live recording of the webinar.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
Midas (on request) – bearish but near support
Midas chart is bearish but it is near classical and trendline support. However, since it is below 0.50, there is a very high risk to enter this counter. So far, historically is not on their side.
Dec 15, 2011 10AM Mid-week Webinar (Open to everyone)
Now that Ben Bernanke announced nothing and Dow Jones sell off its gain, what will happen to the market? Today HSI closed the falling window and came lower. Will this week quad-witching still in play? How volatile can the market get? Will we have a year end window dressing? So many questions asked. Join in this webinar to find out some of the answers. This webinar is open to everyone. Just click on the link below at 9:55am to join in.
Awaiting market next move
Singapore counters are getting oversold but not yet to clear 1 sided. Basically awaiting market next move. Although I am leaning towards bullish side, I will let the price to confirm the movement fist before jumping in. Anyway, I have been quite busy getting some website configuration done and I am sure you will like it once it is ready.
The late Steve Jobs says to build a team, but it is easier said than done. Therefore before I got a team setup, have to do it all by myself and it is a steep learning curve for me. Therefore, just bear with me while I have a few things setup for your conveniences. Already spent several hundreds US$ to purchase the services. Now have to figure out how to configure it to make it easier to use.
