Saturday, February 25, 2017

Chart[40] - Golden Energy

Buying interest gathered in the counter since last year end. Last week saw price broken resistance 0.545 with significant volume. Shall buying volume persist, price could test next resistance 0.65. Trend could change shall price fall below 0.545 again.

Friday, February 17, 2017

Chart[39] - Acromec

The counter saw strong buying volume since last December as shown in first chart. Price has been consolidating between 0.46 to 0.6. Price zone is getting narrower over the time. Shall it break up from 0.595 with strong volume, it could test 0.65 then 0.72 as shown in second chart.


Saturday, February 11, 2017

Chart[38] - ST Engineering

From the upper chart, the counter swung up three twice since last year December. On both ocassions, price retreated from 3.41. Last trading day saw price closed again at 3.41. Considering the lower low formation and also decent buying volume. The counter could welcome triple top break up soon.
Second chart suggested ~ 3.5 could be strong resistance shall break up happens. Considering recent bullishness among other STI constituents, laggard like the counter could give some surprise move. It will release latest results on coming Thursday.