Chart Guru

Chartnexus Traders Club (9 June 09)

Posted by Edwin Edangelus Cheng Labels: CTC

SGX: Correction in the Making?

Posted by Edwin Edangelus Cheng Labels: SGX

Interesting day today with many counters breaking 20-Day MA. Bank counters also showing signs of weaknesses with DBS breaching the Resistance turned Support level.

Below is the list of counters of stocks breaking 20-DMA today:

No. Stock Name Triggerred Date Triggerred Rules
1 ASL Marine 8 Jun 2009 ((Price touching MA))
2 Biosensors 8 Jun 2009 ((Price touching MA))
3 Broadway 8 Jun 2009 ((Price touching MA))
4 CH Offshore 8 Jun 2009 ((Price touching MA))
5 China XLX 8 Jun 2009 ((Price touching MA))
6 ChinaAOil 8 Jun 2009 ((Price touching MA))
7 ChinaFish 8 Jun 2009 ((Price touching MA))
8 ComfortDelGro 8 Jun 2009 ((Price touching MA))
9 CSE Global 8 Jun 2009 ((Price touching MA))
10 Ezra 8 Jun 2009 ((Price touching MA))
11 F & N 8 Jun 2009 ((Price touching MA))
12 FIRST RESOURCES LIMITED 8 Jun 2009 ((Price touching MA))
13 Golden Agri 8 Jun 2009 ((Price touching MA))
14 Goodpack 8 Jun 2009 ((Price touching MA))
15 IndoAgri 8 Jun 2009 ((Price touching MA))
16 KepCorp 8 Jun 2009 ((Price touching MA))
17 Longcheer 8 Jun 2009 ((Price touching MA))
18 M1 8 Jun 2009 ((Price touching MA))
19 MacqIntInfra 8 Jun 2009 ((Price touching MA))
20 MERMAID MARITIME PUBLIC CO LTD 8 Jun 2009 ((Price touching MA))
21 Midas 8 Jun 2009 ((Price touching MA))
22 Rotary 8 Jun 2009 ((Price touching MA))
23 SembCorp 8 Jun 2009 ((Price touching MA))
24 ST Engg 8 Jun 2009 ((Price touching MA))
25 StamfordLd 8 Jun 2009 ((Price touching MA))
26 StarHub 8 Jun 2009 ((Price touching MA))
27 Swiber 8 Jun 2009 ((Price touching MA))
28 Swissco 8 Jun 2009 ((Price touching MA))
29 TechOil&Gas 8 Jun 2009 ((Price touching MA))
30 Wing Tai 8 Jun 2009 ((Price touching MA))

SGX: Venture - A respite in uptrend?

Posted by Edwin Edangelus Cheng Labels: SGX

SGX: Stock Watch for 19 May (Kepcorp & SGX)

Posted by Edwin Edangelus Cheng Labels: SGX, Stock Watch

Kepcorp

The current uptrend support line is holding up well. Stock closed marginally with a white candlestick today. Currently still awaiting a 4r1g MacD histogram signal.

Action to take: Good for a LONG trade if stock trades and has a possibility of closing above $6.31 (20-Days Moving Average) and above previous session's high of $6.32.

SGX

Another stock which caught my attention today is SGX. Currently resting on a conflux of multiple support levels. Watch out for a Gap Resistance at 7.32 to 7.48.

Action to take: Good for a LONG trade if stock trades above $7.02 (Fibo 38.2% Resistance)

*Caveat emptor - All usual disclaimers apply.
Trades are valid only for a short term time frame

World Indices: DJI - Downtrend Channel Negated

Posted by Edwin Edangelus Cheng Labels: DJI, world indices

Interestingly, DOW has broken out of its recent downtrend channel on the 5-minutes interval chart as of 9:30pm. The index has entered into a Zone of Bullishness and is expected to test the resistance provided by the previous recent high at 8500 over the next few days.