Sunday, August 27, 2017

Chart[59] - Hanwell

The counter saw strong buying interest on mid May and early June. Looking into weekly chart, it failed to break up 0.38 twice but price has been forming higher low formation.A triple top breakup from 0.38 is possible shall buying interest come in third wave. Trader could take position from recent price falling.

Friday, August 18, 2017

Chart[58] - ComfortDelgro

On last trading day, the counter saw strong buying volume to negate recent downfall. Shall buying interest continue, next resistance shall be 2.26, followed by 2.35 as major ceiling. Alternatively, price trend could be bouncing between 2.13 to 2.26 as well. It should find certain support ~ 2.13. Similar pattern can be referred to early July as below chart.

Friday, August 4, 2017

Chart[57] - Japfa

Following negative results from latest earning release, the counter gap down from 0.66 to 0.59 as refer to first chart. The sell down paused at 0.52 shortly. Similar support price was seen on last May. Shall price rebound, 0.59 would serve as immediate resistance. The price gap could be potential profit target shall strong buying interest kick in. Potential price catalyst could be policy change from China to import more swine from Vietnam. Shall 0.52 be broken, next strong support could be 0.455 as refer to second chart.
http://www.thepigsite.com/swinenews/43879/rise-in-pork-prices-owing-to-new-stimulus-programme/