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/


Friday, July 28, 2017

Chart[56] - ISOTeam

The counter broke up from down sliding channel as shown on upper chart below.
Zooming into shorter time frame, some significant buying volume entered the counter on last trading day. Shall buying interest continue and break up from immediate resistance 0.37, next resistance could be 0.4.

Friday, July 21, 2017

Chart[55] - Cogent

The counter saw strong buying volume on last trading day. Looking backwards, the price has been consolidating between 0.735 to 0.86. No significant selling volume in the period.
Zooming into the last three month activity as snapshot below. Price might face resistance ~ 0.8 to 0.81 when moving ahead. Shall buying interest continue, trader could target 0.86 as exit price.

Friday, July 14, 2017

Chart[54] - CNMC Goldmine

The counter has been range bouncing between 0.255 to 0.305 for last two months. Price tended few times to break up higher with high volume as circled below. Shall buying interest come again, it shall test 0.305 and above. Immediate support 0.265.

Friday, July 7, 2017

Chart[53] - ComfortDelgro

The counter has been down falling since early May. Two years support 2.37 was broken on end June. Price finally found some support ~ 2.22. On last trading day, the counter rebounded with quite significant buying volume. It might suggest a pause from recent free falling. 2.37 has become new resistance shall rebound continue.