Friday, March 31, 2017

Chart[43] - Singpost

The counter showed sign of reversing from recent downfall. Last trading saw it breaking resistant ~ 1.35. Buying volume was not significant although higher than previous day. Downfall could have pause with support ~ 1.315. Shall buying strength persists, price could head towards next resistance ~ 1.41. There is a trading gap between 1.41 to 1.46 which is looking forward to be filled.

Friday, March 24, 2017

Chart[42] - Spackman

The counter rebounded from support 0.154 with significant volume. Immediate resistance is ~ 0.169. Shall buying interest continue, it shall head towards next resistance 0.191.

Saturday, March 18, 2017

Chart[41] - Starhill Global REIT

The first chart (daily) shows strong buying volume for the counter on last trading day. Price rebounded from support ~ 0.73. Zooming into second chart (10min), volume surged to 11m only on last ten minute. Shall buying interest continue, price could bounce to the ceiling ~ 0.775. The counter has been range bouncing for past four months.

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.

Sunday, January 29, 2017

Chart[37] - Cityneon

The counter broke up from resistance ~ 0.95 last week with significant transaction volume. Price retreated to new support 0.95 on last trading day. Shall buying interest continue, price could head towards 1.08. From the weekly chart below, strong support is 0.85, while strong resistance is 1.21.