Yangzijiang

Yangzijiang, still in down trend and the price moves within the descending channel. Today it has went up about 5% and hits the descending trend line as it major resistant. Question is will it breaks above resistant? We don't know but as a trader we will not enter when it hits resistant, we will wait for break out and use break out strategy to handle the trade. If the break out fail then the short-sell may occur. Let see how it perform! 

Singapore Stock - CapmallsAsia Chart

CapmallsAsia now trading at $1.65, on the chart we can see that this stock is moving on a steady uptrend in a price channel. We always look for stocks that is trending up and buy near support when it pull back from its high. Right now CapmallsAsia has pull back from its high of $1.70(resistance) and the trendline support is somewhere around $1.625. This time round we might be interested to go for a shorter term trade e.g 5-10days, targeting $1.70 again. Stoploss $1.62

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Genting SP - 1Q12 Net Profit Down 33%

Overall revenue for first quarter of 2012 was affected by lower win percentage and business volume in the premium player business when compared to first quarter of 2011. Consequently, the Group's net profit for the first quarter of 2012 was S$211.5 million as affected by the revenue mentioned above.

Genting Sp closed 1.67 today before the announcement of the Q1 result, the ART system show us a sell signal today. Will trigger sell if tomorrow drop 1 bid below today's low which is 1.66. Though there is support at 1.635, but I am not sure whether it will hold the stock. If tomorrow it gap below 1.635, it show more WEAKness

Wilmar decide to go lower?

Wilmar opened at 4.85 today buy end closing at 4.79, our system gave a Short signal today telling us there is chance for this stock to go lower. Entry will be one bid below prior day low 4.77, Timeframe mid term(2weeks +) Stoploss place can place at 4.90. Target?? I drew the parallel channel of this chart, a reasonable target will probably be 4.40 (previous low), follow by 4.00(channel line support)

CSE Global

CSE global, an uptrend stocks that have appear in my scan. Ideal entry will be 1.18,Exit at 1.09, timeframe mid-long term. As this stocks is a low volume stocks, try not to buy more than 20lot size, if not u might find difficulty selling later on.

STI reaching resistance level 3220, if break this level the next level will be the previous high 3300. Current support level remains at 3150