Yangzijiang – running out of candles
Yangzijiang is running out of candles to fit inside the symmetrical triangle. Something has to happen soon. Therefore watch the support and resistance.
Sakari – lower high forming?
Sakari previously have bearish divergence, and now perhaps is forming a descending triangle. Support to watch out for is 2.14
SGX – Angel fish pattern spotted
SGX formed a symmetrical triangle within the angel fish. With the trading volume ever decreasing, something has to happen soon.
Wilmar – potential bear flag forming
If wilmar breaks the support of 5.06, high chance a bear flag is in play. Therefore watch the 5.06 level. If wilmar did not break, still be cautious as the last 3 days volume are very low.
Sembmar – Same pattern different counter
A lot of counters are forming symmetrical triangle, all waiting for a signal to go higher or lower. And since we are running out of candles to fit inside the triangle, something has to happen really soon.
OCBC – 2 pattern spotted simultaneously
OCBC has a head and shoulder and a small symmetrical triangle pattern being formed at the same time. So far, OCBC has been ranging between 8.10 and 8.60. It needs to break the 2 levels before a clearer direction can be predicted. And looking at the way symmetrical triangle is formed, a decision has to be made very soon as it is running out of candles to be fitted inside the triangle.
DBS – Needs to close above the resistance
DBS has been trying and trying but somehow cannot convincingly close above 12.90. If it still cannot close above 12.90, it will turn bearish. The volume has been getting lighter which may signify lesser buying pressure. Therefore watch the 12.90 level.
Nov 16, 2011 11PM Mid-week Webinar (Open to everyone)
Market has been ranging over the last few days looking for a direction. Sooner or later the support or resistance will have to break. Which way will it break? Join me in this special night webinar to find out more.
Nov 14, 2011 Weekly Singapore Stocks with Jonathan Tan
I quit, I quit… That’s the new catchphrase. Seems like a lot of countries PM have been saying the same thing. Stand down with dignity or they’re trying to run away before it blows up in their face? Singapore stocks has bullish and bearish pattern in a lot of counters. Find out what it is in this week video edition.
Remember to let your friends know about this video, Facebook and weekly webinar (Thurs 10am). Thanks.
FirstRes – If it cannot go higher, it is going down
If FirstRes cannot go higher than 1.52 within the next 2 days, those on contra will start to add to the selling pressure. If FirstRes goes below 1.46, then the upside is in trouble.
