Market Diary:
World Indices:

Tuesday, September 30, 2014

SBI Offshore Update

SBI Offshore ( 5PL ) - Ref my post dated Sept 11, SBI did move as expected.  It has rallied in a steep fashion from .285 on Sept 11 to .48 today - a gain of 68.5%.

Counters Removed From Watch List :
Triyards was removed because it was not triggered.  Hongkong Land was removed because the ascending triangle was invalidated. 

Counters Added To Watch List :
UE E&C Ltd,  Cogent and Tuan Sing Holdings

Counters Continued To Hold Long :
ThaiBev and SingPost - because both continued to stay above support


Sunday, September 28, 2014

Singapore Stocks - Technical Analysis

SembMar ( Bearish / Long Term View - Not For Trading )

On Feb 15, 2014,  I posted a chart for SembMar showing it has broken down from a Descending Triangle.  Since then, it has taken SembMar several months to complete the 'return move' and resume the the downtrend to hit the trendline violation target.

OCBC ( Neutral / Long Term View - Not For Trading )

In early August, OCBC breakout from a downtrend line and since then going through a 'return move'. The 'return move' appears to have completed in early September and currently supported by an uptrend line.  It is worth watching whether the uptrend line can hold as well as whether this observation is correct.


Tuesday, September 23, 2014

SingPost - Potential Breakout

Singapore Post ( S08 ) - Attempted to breakout from a trading zone today with reasonably high volume.  Unfortunately, it has failed to close above the last significant high at $1.795 so ended up as a false breakout.  In order to constitute a valid breakout, a decisive close above the congestion zone with high volume is required.  Once a breakout is successful, we may expect 20 ~ 30 cents of upside potential.


Sunday, September 21, 2014

Innovalue - RSI Bearish Divergence

Innovalue rose from .28 on Sept 6 to .365 on Sept 16.  A 30% growth or 8.5 cents in 10 days. RSI is now showing a bearish divergence cautioning the stock is losing upward momentum. Perhaps it is time to take some profit off the table if it has not been done yet.

Thursday, September 11, 2014

SBI Offshore Analysis

SBI Offshore ( 5PL ) is consolidating in a possible bull flag formation ( although not a textbook fashion due to a false breakout ).  It is worth watching because there may be another leg of steep rally equal the length of the flag pole should a valid breakout occur.  The red colour bars in the MCD indicator shows sign of institutional investor presence.


Tuesday, September 9, 2014

Innovalues - Update

Innovalues ( 591 )  closed at $0.315 today,  3.5 cents or 12.5% higher than last Friday's close of $0.28.  A fresh CSI buy signal has surfaced today with a trigger at $0.320. 

CSI is a proprietary trading system of Mr Collin Seow, CFTe.


Saturday, September 6, 2014

ThaiBev - Potential Breakout

Thai Beverage ( Y29 )  has arrived at an important chart point.  It is making a 2nd attempt to retest a multi-months resistance at .71 and managed to close above it on last Friday. A decisive breakout may see prices excel to new high.


Innovalues - Potential Breakout Play

Innovalues ( 591.SI ) has rebounded from a recent retracement to retest the last significant high. It is worth watching the price action next week to see if a breakout will occur. Based on the MCD indicator ( the red bars in the 2nd panel ), there is presence of fund.