IndoAgri

Commentary:

The prior low at $0.37 proves to be strong support. Price is now on a new up trend channel. The strong vol on last trading days seens to suggest more upside to come in near future.

Strategy:

Traders can consider long position if the intermedate resistance line since the high of Sept 22 is broken. Another strategy could be to initiate position at the lower band of the new uptrend channel. Cut lost once lower band trendchannel is broken.

Trading as a Business- Do You Have What It Takes?

Can you make a living in the stock market? Of course you can, but you have to treat it like a business. Before you can properly invest, you need to invest in yourself. You need to prepare yourself mentally, physically and financially. It takes commitment!

What Do You Need to Succeed?

1.Knowledge: If you want to trade for a living, you will have to spend time to learn the strategies that best suits your lifestyle and most comfortable to you. Learn them inside out. You will know what to do when the strategy works and when it goes against you.

2.Information: The Internet is your primary source of information. Without this crucial information, you're practically ‘blind’. It's definitely not healthy.

3.Low Brokerage Commission: It all adds up. Squeeze your broker, get the best rate. Brokerage commission is just like your business overheads. The greater you reduce your overheads, the better it is for your P&L statement. Start calling your broker now!

4.Money: If you're planning to treat trading as a business, your money represents your inventory. As the saying goes, “It takes money to make money.” How much money is necessary to start your business? It depends on what strategies you want to use. Do your sum well. Start saving now!

5.Time: You've got it. Now, you just have to prioritize it. If trading is your business, you'll have to do research on what and when to buy. That takes time. Can you afford it?

6.Emotion: You can't afford it. It has no place in the business of trading. If you properly follow your trading rules, a loss is just a cost of doing business. Nothing more. Keep emotion, along with your ego, in check. You will have both good and bad streaks, but if you use common sense, and know every aspect of your business, you can do just fine. Just be heartless!

7.Desire: You have to want it badly enough. It's amazing, if you want something badly enough, you' will be surprised how far desire will take you.

8.Survival: It comes down to survival. How do you survive when you are stranded in a thick forest? You have to stay positive and start sourcing for something which is good for your stomach. Similarly, if you want to continue to trade and stay in business, you must always maintain a positive mindset and concentrate on making good trades. You have to protect your inventory(money). How? Self-discipline. It's a rare commodity. You can't buy it at NTUC. Either you have it, or you don't. If you think you don’t have it, try getting yourself stranded at MacRitchie Reservoir for a start. Good Luck.

SembMar

Commentary:
Inverted H &S chart pattern formation. Recent short term action tracing in a upward trend channel. Breakout impending.

Strategy:
Traders can consider initiating position nearer to the trend channel bottom line (watch the opening price for day traders), or upon breakout of H&S formation with strong vol. Price target for short term traders could be the short-term upper trend channel line as profit taking region.

Trading Logic

"Luck comes and goes.....Knowledge Stays Forever. "

-Unknown

Trading Logic

No more money, no more trading! Simple ...

"Don’t focus on making money, focus on protecting what you have."

-Paul Tudor Jones

Parkway

Parkway breakout from downtrend line with piercing pattern. $1.25 1st resistance. Subsequent resistance at various FR level. Looking Good. Trade with care. Hint of rising in agony if vol does not accompany upward movement in price action.

DTI for 25 Nov

Candidates:
Sembmarine- $1.84 entry-L
NOL- $1.05 entry-L

Please exercise own trading and money mangement discipline.

Venture

Commentary:

From intermediate to short term, the trend is down. Price broke 10 yr low on heavy volume. This is a very bearish sign and any rebound will probably be capped by the short-term upper downtrend channel line.

Strategy:

Short-term traders can consider shorting on rebound with tight cut-lost set at above upper downtrend channel line. Price target would be for price to test the lower downtrend channel line. A continuous 2 days closing of price above the trend channel will signal an immediate reversal. Price would than be likely to test the intermediate down trendline as drawn.

NOL

Commentary:

NOL was well supported right at prior low of around $0.94. The strong white candle on the last trading day was a good vouch that the support level was very strong. Price is poised for more upside possibility.

Strategy:

Price has move above MA5 which points to short-term bullishness. Traders can consider long position once price break above downtrend line. Price targets/resistance are set at various Fibonacci level.Traders should consider taking profit along the way up. The next resistance at $1.18 is likely to face some strong resistance with confluence of indicators. Strict cut lost policy should always be in placed.

Capitaland

Commentary:

Since mid Oct, Capitaland has been range bound as denoted by the 2 horizontal line draw. During this period, Price action has moved in a zig-zag manner as depicted by trendline 1-4. Price action is currently heading lower and there is a strong chance history might just repeat itself again and rebound from range support level.

Strategy:

Aggressive short-term traders should track capitaland closely and go long once price action break up above downtrend line 4. If this happens, price momentum are likely to gather pace and test range resistance level of around $3.30 again. This likely scenerio will be negated if price action close under range support level for 2 consecutive days.

KepCorp

Commentry:

As expected KepCorp has been under some heavy selling pressure since mid Sept. Recent rally fom the low, ends at fibonacci resistance of 38.2%. Thereafter price action has shown signs of cluttering under the downtrend line.

Strategy:

This cluttering under the downtrend line is an ideal setup for traders to assume short position as cut lost can be kept very tight if price action would to pierce the trendline. Prior support at $4.55 was broken and MA 5 has cut down MA 20 from above. Price is likely to test prior low at $3.35 in the near future

Yanlord

Commentary:

One way ticket. Down, down, down. Weakness in recent rally was apparent when price fail to move anywhere near downtrend resistance line. Breaking of all time low in today's action could signal of more downside momentum. Bollinger band tightening suggest of explosive move soon.

Strategy:

Traders can consider short position with tight cut lost set at above $0.65. In the unlikely event price move beyond $0.69 (which is the gap resistance $0.67-$0.69), this would signal a reversal and potential double bottom formation. Market getting volatile, timing and speed matters. Trade with care.

Singtel

Commentary:

Price of Singtel has been relatively stable for a considerable period till mid September when it started its precipitous fall. From the low of its price of $1.99, Singtel has in recent week traced out a bearish pennant formation chart pattern. This pattern in theory is a continuation pattern and price are likely to break support after this period of consolidation and resume its downward momentum on heavy volume.

Strategy:

Despite price tracing out in a pennant formation which suggestion temporarily pause before continuation of trend, nevertheless, short-term traders should bear in mind the slight possibility of reversal. As long as price break out of pennant with heavy volume (note: strong vol is very important, else it could be a trap) short-term traders can consider initiating position in the direction of the breakout. Tight stop lost policy should always be in placed.

Ezra

Commentary:
Ezra has fallen from its peak of $3 in June to recent low of near $0.30. Recently from the prior low, it stage a strong rally with huge volume by escalating to a high of $0.85 within 1 week. As expected the surge in price tapered off at the downtrend resistance line.

Strategy:
Short-term traders as usual should let price action decide their next course of action for quick profit (Personally, I dont rely much on momentum indicator for decision making). Price could be consolidating now for the next push. Traders can consider going long once price break the downtrend resistance line on a strong vol day which could hint of further upside. On the contrary, if price action goes below MA20, we might see a retest of the prior low again.

STI ETF

Commentary:

The price of STI ETF is clearly in a well-established down trend since middle of this year. In early October, it suffer a precipitous fall where price hit a low of $1.58. The huge vol registered in the sell-down and the pierceing pattern of the lowest price action day signalled a selling climax and hence a potential key reversal day. Price has since trend higher where it is currently facing resistance from the down trendline drawn.

Strategy:

Traders are encouraged to react according and watch out for significant break out point. A break below short-term support level of $1.78 might see price heading lower to test the all-time low of $1.58. Agressive traders can consider short position once $1.78 fails. However, a break above the trendline, MA5 and MA20 (~$1.90) on a closing basis could see price trending towards the fibonacci resistance level at $2 where price is likely to face stern resistance. The next resistance beyond $2 is at $2.30 where price action is deem unlikely to penetrate in the near or medium term considering the dire global economic condition. Golden rule on tight stop loss should be in placed.

Wilmar

Commentary:

Wilmar has been trading under its intermediate downtrend line since May. This intermediate trendline was violated once on 10 Nov. Similarly the double bottom formation since early Oct was violated once as well on the same date on a closing basic. Subsequently, price has not been able to attain a higher high for the past 2 trading days and were still trading under the intermediate trendline and double bottom breakout point level. The price action on 10 Nov therefore points to a false break and hint of more downside pressure in the coming days.

Strategy:

Aggressive traders can either choose to short nearer to the resistance level of $2.75 or wait for a break below the short-term uptrend support line before initiaing short position. Having said that, in the unlikely event Wilmar is able to break above $2.75 on a closing basis for more than 2 consecutive days. It will therefore signal both an intermediate trendline break and confirmation of double bottom formation. This will inadvertedly signal a change in medium term trend from bearish to neutral. Traders should than consider initiating long position once that happen with price likely to test the prior high of $2.91 and subsequently the all important $3 mark.

Ausgroup

Commentary:

Ausgroup had recently been trading within the intermediate bearish trend channel for the past 5 months. 2 weeks ago it managed to break out from this persistent bearish band with some strong vol white candlestick day. It has since been trading in this new bullish trend channel. MA5 has also cut above MA 20 and MA 50 from below, while current price is now lying on MA50 support and short term bullish trend channel support line.

Strategy:

As the recent short-term bullish price actions have been ascending at a somewhat steep angle (~55degree) as compare to the 5 month intermediate bearish trend which descend at a gentler level (~30 degree), there is a high probability its momentum might face exhaustion soon and price is likely to take a breather in the very near future. A fall in price below the short-term bullish trendline support would signal a pause to the recent run up. Existing short-term traders can therefore consider taking some profit off the table once that happen.

CapitaComm

Commentary:

Today, price action broke out from its 3-months resistance trendline since 8 Sep with healthy vol. A bullish divergence of vol since Sept was also identified and the break up in price action today confirm that price action could be poised for more upside potential.

Strategy:

Traders can consider to enter Long position once $1.02 (which is the high of today and also the MA20 resistance line) is penetrated with strong buying interest. Price are likely to face some resistance at $1.08 (smaller prior peak) but a more likely short-term price target should be in the region of $1.18-$1.20 (fibonacci resistance, more significant prior peak). A tight stop-lost plan should nevertheless be in place.

SGX

Commentary:

Intermediate to long term prospect remains bleak for SGX where price action has been downtrending since last Dec 07. The possible continuation of short-term strength will depends on if price action is able to penetrate 5.60 on a closing basis.

Strategy:

Based on above negative commentary on longer term prospect, Short-term agressive traders can consider initiating Long Position only if $5.60 is taken off with tight cut lost point in place. Do take note of the resistance at prior high ($5.70) and MA50 ($5.80). Traders are strongly encourage to take partial profit at the various resistance level mentioned. If trading against main trend does not appeals to you, consider- Avoid.

ST Engineering

Commentary:

ST Engineering has been trading within an intermediate downtrend channel since Jun 08. The upper trend channel line has proven to be extremely strong resistance with price action touching it for close to 10 times without pentrating it on a closing basis during the period under consideration. Short term wise, Price action has turn somewhat bullish with higher lows registered based on last trading close. Bullish Counterattack Line, Bullish Belt-Hold candlestick on the last 2 trading days and MA5 cutting MA20 from below lend weights to the current short term bullishness.

Strategy:

Agressive short-term traders can cosider long position at $2.40-$2.45 with tight cut-lost plan in placed. The upper trend channel line which conincide with MA50 line points to a price target of $2.55 where price are likely to face intense resistance.

Conservative traders who wish to trade in the direction of the intermediate trend should wait for price to trend nearer to upper trend channel line before taking short position. However, do note that a break of the MA50 line and upper trend channel line on a closing basis (especially with good volume) will signal a change in intermediate trend from bearish to neutral.