Capitaland

I think Captialand has bottom for now, charts look like it is about to stage a rebound. Personally, i feel that Capland does not need the IR to make it good.

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Straits Times Index

Mr Market looms in uncertain mood. With Kep and Cap Land not getting the IR deal, there was a big sell off in the morning, however, some people in the SI forum says that it is short covering. 1.) i would like to highlight, how some individuals comment on the market. From what i know, one is not able to tell if one is a genuine buyer or s short seller covering its position. Short of SGX publishing the stats, no one knows. From the 30 mins charts of the STI, market seems a bit soft and SIMSCI is constantly below the spot price. I would think it is a matter of time before the spot market catch up with the SIMSCI. STI indicators also point to come retrcement. Lets see what this afternoon is installed for us.

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Straits Times Index

What a lovely picutre don't you think? The power of TA bounced off the 26.1% retracement. However, monday is going to be interesting, with both Lands losing the IR bid, it will be interesting to see at what price they open. I am guessing about 4.10 for captialand and 4.16 for kepland. No guess for Citydev lah :) confirm gap up and depending on involvement, Citydev might be testing the previous high of 11.50 :) Technically, the STI is not hugging the lower bollinger band the slide has eased off. RSI looking good bouncing off the 30 and moving up. MACD has a higer low, indicating some strength to come. STO has also bonced off its oversold and slowly creeping up. Have a wonderful week ahead.

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Straits Times Index

What a lovely picutre don't you think? The power of TA bounced off the 26.1% retracement. However, monday is going to be interesting, with both Lands losing the IR bid, it will be interesting to see at what price they open. I am guessing about 4.10 for captialand and 4.16 for kepland. No guess for Citydev lah :) confirm gap up and depending on involvement, Citydev might be testing the previous high of 11.50 :) Technically, the STI is not hugging the lower bollinger band the slide has eased off. RSI looking good bouncing off the 30 and moving up. MACD has a higer low, indicating some strength to come. STO has also bonced off its oversold and slowly creeping up. Have a wonderful week ahead.

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Straits Times Index

What a lovely picutre don't you think? The power of TA bounced off the 26.1% retracement. However, monday is going to be interesting, with both Lands losing the IR bid, it will be interesting to see at what price they open. I am guessing about 4.10 for captialand and 4.16 for kepland. No guess for Citydev lah :) confirm gap up and depending on involvement, Citydev might be testing the previous high of 11.50 :) Technically, the STI is not hugging the lower bollinger band the slide has eased off. RSI looking good bouncing off the 30 and moving up. MACD has a higer low, indicating some strength to come. STO has also bonced off its oversold and slowly creeping up. Have a wonderful week ahead.

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StarHub

Touching the support trend line and bouncing off it. StarHub remains on the up trend. Market is still a bit uncertain although the run today proves to be a welcome change. As of writing this, Wall Street is still up but not by much.

CNBC reporter said that typically the street ends up pre-holiday. I will wait and see. If Wall Street holds and the market sentiment positive, StarHub might retake 50% retracement at $2.15, coincidently it is also the 90 day EMA. SH holds now at 38.1% retracement @ $2.10. All indicators point upwards. Daryl Guppy uses 10, 30 and 90 EMA as it measures short to medium term. I do check with the 200 day/40 week EMA for a more long term view.

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Straits Times Index

STI has hit a critical retracement level 23.6% If this does not hold, we may test 2190. It is a scary thought. Good luck all.

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Straits Times Index

Looks like we are stuck in range trading for the time being, if u are me, range trading is better than dropping like bird shit. My observations tells me that the market is looking for a leader and wall street is not showing it could lead now due to numerous domestic deraliers. Perhaps, the big boys in North Asia and Europe could show the way? Good luck to those still vested in the markets.

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Magnecomp

So many tails on this fellow. Shows resiliant, with big boys buying, not sure why keep on sliding. My friend sweating over this fellow. Hope he put on a good show soon.

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Straits Times Index

Some signs of relieve for the SG market. Hope it will hold. N225 and HSI are in the black already. Hope they Hold. Wall Street Futures are also up.

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StarHub

A super bumpy ride for StarHub, opening at $2.10 and diving to an intraday low of $2.02. Those who were quick to captialise on the drop would have made a decent profit in very stormy day. ML wrote that StarHub might return up to S$500 million in the form of share buy back, that could have supported the price today. Their target is S$2.50. Chart looks poise for a run up barring unforseen circumstance.

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Longcheer

Bouncing off the 50% retracement. MACD and STO show some side ways movement. Volume is low to push the stock up or down. Purely on a technical basis, this counter might be in range till it gather sufficent momentum to push up. Lets not forget the currnet storm that is brewing in the global equities market.

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Straits Times Index

What a ride, when penning this, Wall Street Futures are sharply up. I hope this is not the end of the Bull Run. Fundamentally, global economic and geo-political tension has not deviated very much from 1 month ago. However, the bears are out in full force and contrarians are predicting a full fledge bear on slough.

The STI hourly charts show some reprieved but a lot will have to depend on Europe and Wall Street's performance tonight. Keeping my fingers cross.

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STI ETF 100

IMHO, possible entry point maybe coming up. North Asia markets retreating from its lows and Wall Street Futures point higher. SG afternoon session will be important to determine. Hope this bloodshed will end today.

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Ferrochina

My aunt and my friend highlighted to me before but I tunnel vision and selective hearing. Otherwise this is a decent chicken rice money for this week! what an idiot!

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StarHub Daily

Since reaching its high, StarHub has been steadily sold down. It has been getting mixed reviews from the investment banks. The most conservative Philips Research, has upped its target to S$2.64. This target is inline with Macquarie Research S$2.60, JP Morgan S$2.71 to S$3.34, OCBC Research S$2.45, Citibank S$2.60 with the exception of Lehman Brothers S$2.10 target. Looks like Lehman might be right :)

Setting my sights a bit further, StarHub will be coming up with Captial Management in June, this effective might return a heafty sum to shareholders. Market talk is rumored from 10 cents to 25 cents per share. If this were to happen, be assured a good run up before the pay out.

My personal technical target for this stock is between S$2.41 to S$2.70 in the medium term. In the short term, in line with the global markets and SG market correction. SS$2.00 should be a strong support and likely to stay in range trading between S$2.00 to S$2.20.

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Straits Times Index

STI should be recovering, Europe is coming off its lows. If the PPI numbers are in line tonite, Wall Street would breathe easier.

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EMA (Exponential Moving Average)

A simple and clear article on trading using EMA (Exponential Moving Average) A kaki of Ninjatrader wrote it.

Trading - Jadason

Jadason - Hourly
Jadason - Daily
TA

This counter had a good run up from Mid-Feb 2006. On the day charts, I think sell signal could emerge very soon. On the 1 hour and 30 mins charts, sell signals have already confirmed. I would like to state that sell signal does not mean it is a good time to short as retracement might be short lived for bullish stocks (like Jadason, tech sector is a bullish now) This is a TA view and not a FA view. Barring unforseeen circumstance and news, it will retrace.