Friday, December 1, 2017

Chart[69] - ThaiBev

The counter has been riding on bullish trend since early October. It failed to break up from 0.98 twice. Recent retreat could be last entry chance for a triple top break up. Looking past two months, it has been forming higher low pattern, so could look forward more upside. Shall price break down from 0.94, uptrend could reverse.

Saturday, November 18, 2017

Chart[68] - Wheelock

The counter formed triple top break up on early October. ~ 1.91 formed new support for the trend. Recent downfall was not in high volume, so it could be short term correction. Since price has been hovering around support, entry opportunity could be now.


Friday, November 10, 2017

Chart[67] - M1

The counter has been bouncing between 1.77 to 1.84 for past three months. Market might have absorbed most negative prospective factors for the telco counter. Looking into bullish break up from its peer, Starhub, similar break up might happen on M1 as well. Last Thursday saw relatively strong buying volume. Similar spike up happened before as well. Shall price break up from 1.84 with decisive volume, it could head towards 1.9. There is a trading gap from 1.96 to 2.04, which might be your most ambitious target.

Friday, November 3, 2017

Chart[66] - Sheng Siong

The counter saw rising buying interest upon latest earning results release. On last trading day, price paused at resistance 0.96. Shall it be broken, next resistance range could be 0.99 to 1.005.

Friday, October 20, 2017

Chart[65] - Golden Energy

The counter saw strong buying volume since mid August. Price up >25% to 0.485. It failed to break up further twice on early September. Its trend is weakening afterwards. Last trading day saw price having small rebound from support 0.425. Looking backwards, price didn't come down with significant selling volume. It suggests that buyer could be waiting for next bargain hunting window. Shall current support hold, price could range bounce between 0.425 to 0.48.
Second chart (weekly base) shows current weak movement might be small correction from its first up moving on mid August. Entry position might present to trader.

Friday, October 13, 2017

Chart[64] - Singpost

The counter saw increasing buying volume last week. Price broke up from resistance 1.28 on last trading day. Shall buying interest continue, it could test next resistance ~ 1.32. Long term resistance ~ 1.375. Shall price fall below 1.27, range bouncing could persist like past two months. 1.235 serves as support 4 years support. Company has been buying back shares consistently.

Friday, October 6, 2017

Chart[63] - Talkmed

The counter saw some significant buying interest over last trading week. Immediate support is 0.58. Shall buying volume continue, next stronger resistance is ~ 0.69.

Buying volume seems to increase only after the release of following report:
https://www.theedgesingapore.com/monetisation-talkmed%E2%80%99s-stem-cell-treatment-cancer-will-have-wait