Swiber

Swiber has formed a bullish symmetrical triangle. The next higher reistance to break will be 1.04

Ho Bee

Ho Bee has recently break its symmetrical triangle and moved uptrend. The next higher resistance to break will be 1.6

STI is in christmas mood

It been a while since august, the stubbon index has been in a slight up trend channel while its RSI continue to show bearish divergence.
Is year end christmas mood men, who got the time to talk about stock. At the moment shopping & buying christmas gift is the most enjoyable event in the month of december.
Wish all of you a merry christmas and happy new year.

STI Move up but weak volume

i mentioned a few times in my early post dated 29, 26, & 15 in Oct to patiently wait & see its trend direction. i had even mentioned that i prefer the sti to break 2745 and i lack of confident that sti can move uptrend. Above chart show everything about my thought, it break 2745 and volume continue to be weak. So far only bank counter which listed under sti component had performed well and at it peak now. Better watch out !!
Non sti component counters so far are not performed well, indeed many of them their RSI indicators are weak.

If nothing worth trying, then i think it is better to do nothing.

Cheers

Creative Technology Long Term Uptrend

This counter has been inactive for about 3 months. And it was slowly & steady formed a symmetrical triangle. When it come to the critical end point, the next target for them to break out is at the nearest resistance level of 6.15.

dow is in 38.2% Fibo Retracement down turn

dow has finally broken down its rising wedge formation last week. Currently i think it has completed the elliott wave 5 since March this year. In order for the equity market to start the next cycle of bull run, we expected a 38.2% fibo retracement from its recent peak as to go in line with the elliott wave theory.
If this is the case then most of the Asia's major index shall follow this down turn soon.