Hi-P

Hi-P close highest at $1.24 today, up 1.64% while STI was flat. I have posted this stock for many many times, since $1 and i think it is still a strong stock.

Ex Div: 3 May, 1st Q result: 4 May

Gallant, Brightwor, Osim

Gallant, has been going sideway consolidation since the wide range bar appear, volume has also been diminishing. Watch out for big movement/volume.

Brightwor, have gone sideway for quite a long time after a period of uptrend. Recently it breakout from the sideway trend with high volume, signifying there is strength continue with the uptrend. Result coming out 29 apr, AGM on 28, Ex Div 10 May.

Osim International said first- quarter profit more than doubled to $20.1 million. Sales in the three months ended March 31 rose 16% to $149 million, the Singapore-based company said in a statement after the close of trading today.(bloomberg)

Charting wise, we have a buy signal today. This stock has always been outperforming the STI and most stock in sgx, i reckon it will have a very powerful uptrend if it can break 1.74.

Genting Sp follow up.

following up my previous post..

Genting has showed strength of holding on to the price after breakout, stay outside the downtrend channel for more than 10days and tested the resistance turned support line without falling back to the channel. Today, when market fall near 30points, this guy still standing strong and close the day at the highest point. These evidence give us reason that that this stock is likely to continue its short -mid term bullish trend. Can consider entry if it move higher tomorrow, stoploss can put at 2.05

CapmallsAsia downtrend channel

Capmallsasia, can take a look at this stock for shorting. Currently it is at the resistance of the downtrend channel. If the trend continues, we will be targeting 1.60. Use CFD for shorting, nothing is 100% always put ur stoploss.

Bearish Stock to Short

Swiber closed 0.84 today, current trend is still down and just bounced off the resistance line few days ago. Got potential to go lower, can consider to short if it go lower tomorrow, Stop loss can put at 0.89. Timeframe around 2 week.

NOL, since the start of this year, this stock has been going downtrend, few weeks ago, it change to consolidation phase when STI rally. Got potential to go lower if it break the box. Stoploss can put at 1.97.

Chinaminzhong

ChinaMinzhong broke previous channel(green line), retrace back into the channel breakout again before testing the support. We some how can confirm that it has form a new and stronger upward trend. Good stock to look at for next 1-3month.

SIA Engg

SIA Engg closed 4.02, having a downtrend since October last year, this stock have been trying hard to break the 4.10 support. Finally it break through on 17/3 with a long black candle. As previously mentioned, a successful breakout is when the stock stay below the resistance for more than 10days and price fail to break through resistance when tested. Using our short term reversal system, we have a short sell signal today, Entry can be 4.00 , stoploss 4.11, Target 3.90 timeframe 2 week-1month. (disclaimer: nothing is 100%)

Genting Sp

Genting Sp rallied to 2.09 today, looking at the chart the price has just hit the upper channel resistance. There will be 2 possibilities:

1) It hit resistance, turn around and continue it's downtrend.

2) Breakout above the downtrend channel and continue to move higher(trend change)

For effective breakout we have to observe the chart movement for the next few day.

a) price move above 3% of the resistance line

b) price accompanied with high volume

c) Price continue to stay above for next 3-5day

d) price did not drop back into the downtrend channel for next 10days(sideway consolidation)

The stock will confirm the trend change when it make a "higher low"

Technically speaking, the above criteria is hard to meet unless the stock is really very strong. Hence for short term investor, we should consider to sell (half) when stock reach resistance. Buy back when the trend is confirm.

Biosensor

Biosensor, after forming a low in the February market correction, the stocks rallied and break above the upper downtrend line forming a “high” point and then retrace to form another low. As this low point is higher than the February low, this is what we mention by a “Higher Low”. Having the 2 low points we can connect the 2 points to draw a uptrend support line for this stock, if there is more than 20 trading day(1month) between the 2 point, we will consider this as a mid-term trend. Another point to note is that this stock make a Higher low when STI is forming a lower low, this show that this stock has a “Stronger” trend than the market(STI). As market now is in overbought region, suggest to buy less than normal position if you want to buy.

STI outlook

STI +38 to close at 3095 today. Immediate resistant will be at 3100 and major support remains at 2920.

STI hit 3100 resistant today and retrace to close at 3095 which is above 200MA. Long term wise, we see some light, don’t worry of losing out to those who bought lower because if this confirm to be end of the downtrend, It is also beginning of uptrend so lets move in the market slowly (Buy with 10-30% of capital now for 1-3month trade). It will be better if we can see STI profit taking back to 3050-3000 level and turn back up. I am looking for a Higher High and a Higher Low to form in the index to confirm uptrend.

But short term the overall market(Global) is in an overbought position hence we do not think now is a good time to enter.

Wilmar, Noble Group: Swing Short

Swing Short setup for both Wilmar and Noble Group, With moving average 20ma below 40ma, CCI overbought, we can consider to SHORT tomorrow if the price drop below previous day low.
Wilmar- Timeframe 3-5days Entry: 5.16, Stoploss: 5.24, Target: 4.96

good risk reward ratio.

Noble Group, Timeframe 3-5days, Entry: 2.06, Stoploss: 2.11 Target:1.95

STI outlook- red alert!

I call this the Andy Yew Long term ETF investing system. What do you think the Red arrow is telling you?

Bearish Stock

STI is now below 200ma, if the index continue to stay below 3000 level for this 2week, we might be at the end of the 2year+bull run

Beside is a list of BEARISH stock you can consider to SHORT tomorrow. ONLY SHORT when it go lower than previous day low.

As you can see there is alot of index stocks in the list, STI also have short signal, so those who have bought STI etf may consider to exit you position.

Alot of stocks is below support level now, i do not suggest bottom fishing/ picking low.

STI outlook

STI -10 to closed at 3092, immediate resistant will be at 3120 which is the 50% retracement level of the index’s 315pt correction during the Jan-Feb period and support will be at 3060.

Today pullback is normal so that it will give chance for those who missed out to buy again. So long STI stays above 200MA, we expect more upside for STI. If STI breaking above 3120, we shall see the index find it resistant at 3160, and with current market sentiment we believe it will reach 3220.

Sembmar, Semb Corp, Kep Corp, STI etf are still in play, take opportunity to buy on dips while STI is pulled back.

Long term: can look at UOB, Kep Corp,

Short term: can consider UMS,Brightwor,Osim only buy if price rise above previous day high!

Semb Corp, Kep Corp

It has been long since i last posted, it is because there is really little good entry for trade to be done and my view remain the same, buy when STI crosses 200ma! Those stock i mentioned in my previous post indeed had done well this week. =)

Kep Corp: if you have bought earlier, can consider to add position if it break prior day high.

Techoil&gas: Can consider entry if it break prior day high

STI ETF: hold for long term, buy only when it go >3% higher

Take a look at SEMB CORP, closed 5.04, mid term wise can consider entry if price break above previous day high. Entry 5.08, Stoploss 4.70 Timeframe 1-3month. Target ard 5.70

STI outlook

First of all, thank you those who have attended our monthly client seminars on Thursday, hope that you have benefited from our 3hr sessions and bring back some knowledge of trading. We will be having a more exciting topic next month, do keep a look out on our emails or sms. =)

STI jumped 52 points on Friday! Many will ask if this is a dead cat bounce or a real rebound. Well, I have to say that it is hard to tell with just 1 day of rebound but whether real or not realwhat is important for us to know is to buy or not to buy?

From the STI index chart, we analyse and found the following points(disclaimer, just for your info) :

• - If you are have seen STI on 15 years chart you will see that the 200ma is very significant line to determine the long term trend, now we are still below 200ma (200 days moving average)
• - If we buy when STI cross above 200ma, we have 80% chance that the index will rally for at least the next 3month(base on STI chart 10year).
• - Currently the 200ma is sitting at 3052
• - From the lowest point, we might see consolidation for 1 week before the bear turn into bull
• - The last year correction STI went 127pt below 200ma, we went 90pt below this time.

Our advise is to slowly accumulate if you are aggressive investor, maybe you can load 30% of your money into stocks now. *** Make a stoploss if you are wrong, do not lose more than 5% of your capital each time. If you are conservative investor wait to see STI go above 3052.

Long term: STI ETF, Kep Corp, Starhub, M1

Mid-term: Sunvic, Hi-P

Short Term: UIC, Thinkenv, Ramba

Lastly, stay away from those stocks that have drop tremendously (52weeks low), Wilmar, yanlord, tigerair, SIA…… a lot more. Do not buy these stocks..

Keep in mind: What goes up, will come down. What goes down, may not come up!!

Have a great weekend!

Hi-P, ChipEngS

Hi-P 1.18, posting this stocks again as it is always performing well in despite market sentiment is bad. Can consider to add position if tomorrow hit 1.19-1.20 area. Mid-long term trade. Stoploss, can place at 1.10

ChipEngS closed 0.445 today with unusual high volume. This is a uptrend stocks that is now at support level (50ma) Can consider to get it around this level, Stoploss 0.425.

Ramba

STI close 3070 (-16) today, overall market is still weak, it might go down to test 3030-3000 this week, hopefully it go down soon so that investors who are waiting at this point will all jump in and buy. However we still believe market will go higher once correction is over thus be ready to invest again!

Ramba 0.485, recently had a spike in volume and price. I believe that this is the signal to the end of its down trend. It had a small retracement last week and now seems to regain strength again. Can consider to buy around 0.485 stoploss at 0.44, mid-long term trade.

Market Sentiment

STI +14 close at 3094, resistant will be at 3120 and if break above this level we will see more upside. However if it fail to stay above 3120 then the rebound is not sustainable and traders must remain cautious! First support will be at 3060, follow by the 3000.

Why we said any good buying opportunity would be when the STI reaches around 3000 & 2980? First if ST break below 3060(the 200ma) there will probably be a heavy sell down to the next support level which is likely to be 3000 & 2980. Second US market has been very bullish since Dec last year without significant pullback, if it does pullback it will definitely affect regional market, thus STI breaking below 3060 may be possible. If market sentiments continue to be bad, short the property counters!

Good stocks to look at if market turns around: Kep Corp, SGX, CoscoCorp, SembCorp, Sembmar, NOL, Noble Grp... if you want diversification, can look at STI etf

STI broke crucial support!

STI down 47, to 3103 today! The 3120 did not hold as well as i expected. As this crucial support has been broken, we might see further downside in the next 2-5days. The next support can be found at 3050 and follow by 3000. Many asked why the market drop, well there are many reason here and there (china rate hike, US market 8days winning streak may end with correction or maybe a lousy budget announcement). Well.. i believe many shortist had entered short position when STI crosses 3120 which escalate the plunge across the board(My view la). So next is to find, where will they cover shorts?

The pic beside is the list of stocks that have been performing well for past few month, long term still uptrend, but mid term trend is bearish. If continue to drop, the long term trend will change its trend. Hence get out if it drop 1bid below prior day low. (those stocks the has been bearish for some time might not be shown here.)

If you not sure, do half.