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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.