Oct 11, TA for NOL

Oct 11, TA for NOL,

Trend - Side
Momentum - Moderate or flat
Candle - Doji (indecisive)
Volume - 0.7x
Pattern - 40D Symmetrical, 28D Descending
Support - 1.14
Resistance - 1.04

Currently,  NOL is at below NAV and trending into SIDE (Stable). It is not starting to trading into a narrow band. It is a sign of some bullish. A good value investing counter for long term.

Oct 10, TA for HSI

Oct 10, TA for HSI

Trend - Down
Momentum - Oversold
Candlestick - Hammer (bullish reversal)
Volume - 1.4x

From HSI weekly chart, as mentioned in my previous post on performance chart. HSI is the worst index. It has tasted the 16,200 lowest LOW before closing above 16,700. While other global indices are trending in Wave B and strongly supporting the level. HSI had broken the support and testing new LOW - A strange index after all, when compare to other index.

If HSI breaks the 16,700 (It is aligned with Fibo 61.8%), then it is about time to look at the FA-HSI and start your bargain hunting position. As we are not too far away from the last 2008 low, and no-one can ever predicts the stock pricing movement. Stocks that exhibits Value investing with proper yield is already a good pick. To combine both FA + TA entry is when TA trend spotter indicate "SIDE", then entry should be more safe, but unlikely you can pick up the lowest point. Trying to pick at the lowest LOW is LUCK.

Oct 10,TA for STI

Oct 10, TA for STI,

• Trend - Down
• Momentum - Oversold
• Volume - Slight above Average
• Candlestick - Shooting Star (Bearish reversal)
• Pattern - Downward Channel

From the daily chart, STI had rebounded from the 2522 and heading north to 2650, however the momentum is now blocked with a "shooting star" Bearish reversal.  If STI can recover back to 2700, then we are still pretty much in Wave B.  However, if the momentum is still in downward for another week or so, then likely we will head south to 2238. 

From the weekly chart, the candlestick shows bullish reversal. It is contradicting to the daily chart. Personally, we will need to see another week of clear candle to see how market is responding to those news. 

Oct 10, Global Indices Performance Chart

Oct 10,  TA for global indices.

Global Indexes performance chart is a good reference to feel the movement of money flow. The only index that outperform all indices is the USD Dollar. If you park your money in HSI, it should be the worst index of all, next will be the Silver which seems to be closely related to Gold is the 2nd worst performer.

The blue arrows show how the main index and STI is trying to maintain above the support level like the DJI, 10,700, FTSE 5000 and STI 2700. In short, DJI, FTSE and STI are pretty much in "Range Trading".  

Oct 6, TA for SembCorp

Sembcorp is pretty much in down trend and approaching to 20D MA resistance and 28D downward resistance. As long as it never break the chart pattern, it is still a good SHORT candidate. How to enter a SHORT, make sure from the TA Hourly Screener - you should not be seeing a high volume Ratio and a White Marubozu Candle. It is my our TA short signal that we are looking for.

TA for SIA and Starhub (28 days Pattern) = Upward slope formation

On 6 Oct, SIA and Starhub have a upward channel pattern formation. It is a bullish signal. 

Oct 3, TA for Global Indexes

STI is in Downtrend, the daily chart shows that it is still in
1, Downward slope channel - The Support and Resistance are at 2720 and 2585.
2. The Classical Support is at 2650.

In weekly chart, using Fibonacci Retracement support and Fibo Fan (Timezone) chart, we are at the critical point to decide a trend reversal.

In HSI weekly chart, we can clearly see that whether Fibonacci Retracement and Fan (Timezone) are neared. The market will need to decide critical movement. This chart shows that HSI broke support and trend down support with high volume to break strongly the Fibonacci support. HSI should trading within the 18200 and 16700.

The performance chart, most of the global indexes are still in side trending and HSI is the only one that trend outside the range. USD is clearly the winner among the indexes.