Singapore Wyckoff & Volume Spread Analysis

My First Forex post. Firstly, please take a look at the link below. http://harmonicforex.com/wp-content/uploads/2012/12/euraudbat.png Stolen from Gump's website. If you do not know, Terry is a fx trader and is the founder of his own website of harmonicforex.com.  On the month of December, he is up by 60% of his portfolio. Unbelievable if you were to ask me. As I mentioned that I will be doing FX too, Gump will be guiding me in learning harmonic while I try to provide some analysis, using SVSA. Of all the pairs that he mentioned, I am very interested in this pair, EUR/AUD Bat. Possible Entry, profit taking level will be.... Entry : 1.2733 Exit : 1.2834 Profit Taking Level : 1.2550 Notice the ultra high volume shown on the chart. This will provide some kind of support for this pair which I am wary of. Thus, my profit taking level will be closed to the bar over there. An updated post on 12/31/2012, 3:53 PM GMT On top of the EUR/AUD that I mention, USD/CHF is lo

Looking back my blog posts like a diary, I understand that I make a lot of calls, some hitted, some never move, some misses. However, overall hit rate was still very decent. I dare say higher than 65% for most of my watchable stocks will not incur you losses. Of coz there are many others that I did not publicise. I also see myself fine tuning my trading techniques and setup the last 6 months. I am not here to sell you my trading semniars or to be yaya. This is just a diary. There are always people that are much better than you, have more access to private informations than you etc. One thing that i learnt from my 1 year of experience in stocks trading is that always be humble . You are humble to yourself, not to anybody. Admit you are wrong, weak when you truly are. Understand what happened and what went wrong. One year ago, after graduated from my training courses,  I started thinking that i can conquer the world with some "Pi Mao" TA, looking at stochastic, macd etc. This

List of small caps that I been watching and haven't run so far yet.

On Saturday, I read about Rowsley and its relationship with Peter Lim. This is the news : Rowsley, an investment holding company controlled by billionaire Peter Lim, RSP Architects Planners & Engineers and Vantage Bay, a developer of a mixed-used project in Malaysia's Iskandar region, have teamed up in a $581 million deal that will transform Rowsley into a real estate player. The all-share deal, when finalised, will see the 56-year old architect firm headed by prominent architect and businessman Albert Hong listed on the SGX through Rowsley. It will be one of only two building design and engineering practices that will be listed on the SGX. Rowsley will acquire RSP from Dr Hong and four of his partners for up to $223 million, to be paid by the issue of Rowsley shares at 15 cents a share. At the same time, Rowsley has also entered into another term sheet with Vantage Bay to buy 9.23 ha of land at Iskandar for $358 million. If the deals go through, Rowsley will  re

Looking at this, more upside ahead?

Another 3 bidder in action. Bakertech caught my attention last few day.....hmmmm Poise for breakout.

A short little whine.... I don't owe my clients "trade ideas" and "kang tao". I hate the feeling of having the obligation of the stock to ran up, after I initiate a buy call. I seldom initiate a buy call, but if I do, I supported it with research reports. That's the job of a broker - to maintain your account, tell you facts and if I am close to you, i give you my personal opinions.We are suppose to be non-advisory anyway. I rather alert someone to watch-out for certain stocks, but don't rely on my "watch-out" as a sign of buying. Charts that I posted here are dead. If they move to what I expected them to, good for you. Anyway, I was just sharing with YJ to monitor Geo Energy in the morning and Geo energy broke out today towards the end of today's session. I was sharing how similar this 2 counters were. Of coz, i showed to my colleagues these charts a few weeks back, before today ran up. I am not saying that it will run up. My thou

I believe round 2 is coming soon

TT Int seems to be able to hit 20 cents. Can it do a blumont? With strong upgrades from analysts of SIA/ST engineering and the strong price actions ofthe 2 counters, it this a revival time for Air Lines? I am particularly interested in Tiger Air. A short update on what am I looking this week. Aspial, Ezra, CMZ and Hyflux Of all 3, Hyflux seems to be the one that is trending good. All 4 of them are watchable next week. Special note to ezra : Test close to 1.105 will be good entry level. Update on 18 December : Tigerair seems to be strongly traded at 71.5 cents. Holding above 71 cents will be important. CMZ : 79 cents seems unreachable. 79.5 cents will be good enough for entry imo. Hyflux : Seems that there is a little selling pressure. Hopefully can close above it. And low can be higher. Aspial : still early : will be waiting after xmas for another run up. Ezra : Damn, keeps moving up with longer tail >.<

Lack of update for my blog for the past few days. I better post fast beforei forgot about the stocks that I wanted to blog... I was attempting to formulate some chart patterns that we usually see and how it can be used as a potential trading setup. After looking through so many charts and attempting to use VSA as a core technique for trading method, I think this works pretty well. So far, i dare to say hit rate is more than 50%, possibly close to 70-80%. Is is about having the patience and timing...Everyone wants the stock that they buy to move immediately after that. However, please don't mistaken all my blogposts as "kang tao", they are never meant to be in the first place.

End of the rising market.

In my weekly diary post, i talked about UPP has immense potential also. True enough. If you are reading my blogposts and you are thinking that I am casting a huge net, of coz one - two fishes will be caught right? Then you are wrong. Of coz they will swim, its about timing. Probably is when. Anyway, i am not here for you to judge also. Blog serves as a diary. On Blumont, just as this stock is going higher and higher without any resistances, today we see SM unloading. Well, I guess that speaks a lot on my principle of chasing the stock.

Have not been actively scanning for charts. Probably does not has the time to look through all the charts in details also. Yangzijiang does shows a tremendous setup. The hourly chart shows the strength in Yang since it rock bottomed at 85 cents. Looking at the daily chart, it does show a slight signal, but not obvious enough.

Well, I am more of a conservative guy you can say. I think in my weekly post, I talked a lot on looking at tests before going. However, if the STI is going to be up by 30 points everyday, does that mean that we wouldn't be see any tests? Likely yes. If sentiment for the day is really bullish. But, what comes up must also comes down. When the stock is coming down, that is when you will look for tests for re-entry. When the stock is going up and you are buying on momentum without any real trading setups. However, does not mean that we shouldn't buy on momentum as well. I think that really depends on the trader/investor mentality. If he is there to scalp, probably it is okay, on a case by case basis. Meanwhile, as market is going higher, there will be lesser clearer setups to spot. There will be lesser base accumulation kind of stocks that we can watch with enormous risk to reward ratio.

I will attempt to have this weekly write-up every week to consolidate all the stocks that I am watching and monitoring for imminent move. Starting this week.If you are watching them too, good. 2 other counters will be UPP and Kreuz. All the charts below are not buy/sell calls. It is basically what I am monitoring and what I want to see in the near future. 

Above chart is on Midas, No analysis. this time round as this will take quite awhile. I call this setup, V - Accumulation. Will backtest this setup if I see it again nextime. I blogged this awhile back on the first yellow circled when we spotted some good signals. However, things did not go as well as it seems. Link is here  for my previous post on Midas, which is one month ago. Probably, things to take note is that the slope has to be gentle. If its a steep slope downwrads, expect steep slope upwards as well. However, with a steep slope down then up, we likely will not see Midas still accumulating at its previous zone. Probably momentum will be too strong and will do a bull flags instead.

Last post on STX osv, i highlighted that it is a "probable trade to go long" After the huge absorption volume from SM as shown above, STX was on side-way mode. While STX OSV did not immediately spurt out, people who follows this stock know the behavior of how volatile it can be. While I not been updating STX OSV, it was actually one of the chart that I been monitoring closely as well. I am expecting it to go up all along, its just a matter of when SM wants to make the move. After the huge absorption volume from SM as show above, SM was on side-way mode. Looks of strengths was identified since the huge absorption volume. Next resistance will be @ 1.5 Future : With the strong momentum going forward, I expect to see a test bar after today's strength, this will be a good indicator to potentially add your position. PS : Buddy has long this counter since 1.3, great pick and roti prata treat from your boss!!! haha

Been observing this stock for quite sometime after Benson posted its chart in a facebook group not long ago. I totally agree with him that OUE showed good strength that day. Confirmation comes on 5th December for me.

olympus the 3rd largest shareholder is likely the one that did a married trade with someone, from bloomberg. I didnt know olympus actually has stakes in this company but do they know CMZ businesses? Probably they do. Will this trigger a similar like incident like Temasek on Singtel? GIC also has stakes in CMZ as well, what if Olympus sold his shares to GIC instead? Many whys....but, embrace the volatility. My thoughts : So, share price fails to hold the 80cents despite married trade at 80 cents. Share prices has fallen more than 5 cents since then. Next support is around 70 cents. Volume is decreasing as the market closes today. What is the perspective of the SM? To drive the stock prices down and accumulate more at premium prices? before pushing them up again? Maybe, as long as the married trade party is not that chui... Important thing to take note : SM, has been painstakingly chionging/holding the stocks at 80 over cents for the past few days, thus today downmove is probably a pl

Not been very active in scanning most of the stocks, but today, IEV did rose up. Blogged about IEV with other counter on this post : http://www.finanovice.blogspot.sg/2012/11/diary-on-25112012.html Below is the chart and my short and brief analyse on IEV. As I have been following IEV since my post, the trade really favours a nice risk to reward trade set-up. As simplified from "   Ms Neo , she was saying that to pick stocks that are at the bottom,  we have to take note of the resistances and if the r:r setup is good enough? Do visit her facebook page if you haven't. I never subscribe her program but I like what she has been providing for the community. I Couldn't agree with her more. Below shows the updated chart. 50, 52.5 and 55 cents will be the resistances. Future : As today bar shows very high activities, beware of distribution and do not get sucked into the trading. If there a potential to go long, look out for test bars in the future. Update

I posted on UE twice last week, http://www.finanovice.blogspot.sg/2012/11/united-engineer-diary-post.html My view : United Engineer is on its way to break its 3 year high of $2.80. Below is an email on an alert to tell my clients of this potential setup. In my opinion, this stock still warrants a buy. Very bullish signal was seen. A nice close at $2.80. Good evening, Just a follow through my last post on United Engineer. After breaking the $2.60 resistance turned support level, United Engineer continues to move upwards and it is up by 20 cents. $2.80 is at its historical high. This level will prove to be a resistance for UE to move further upwards. However, if broken, UE could broke its 3 year high level at $2.80 Best Regards, Lee Hong Wei ----- Forwarded by Lee Hong Wei on 05/12/2012 04:58 PM ----- ****29/11/2012 05:59 PM  To  cc  Subject  RE : United Engineer Good evening all, Last post of the week, I will be on leave tomorrow and will only be bac

Saw a potential quick potential arbitrage opportunity today on UE. As posted earlier on, UE showed good strength and was trading at $2.68 on Friday. Today's morning, I saw opportunity to buy in the market at $2.56-$2.58. On top of its earlier strength shown on Friday, market was not that bad enough to cause it drop by 10 cents definitely. I feel that this is due to mis pricing from the market. Maybe the Chng Kay is still asleep and is late for work....but anyway, this seldom happens.

Wah, I really haven't been hardworking enough to monitor these counters. I wonder if a scanner for volumes will help me not? Civmec shows tremendous SOS since 10/19, its stopping volume. Then after, we see lots of tests along the way, confirmation signal will come at 24th and 25th. Meanwhile, as we have seen no sign of weakness yet but more SOS along the way, Civmec might continue to move...upwards. Let's see.

A very nice stock to play. While one might not dare to go long, It is rather a lot safer to go short after its high.

Emailed my clients about UE breakout trade on Thursday. Image is chart on Thursday. I did not tell my clients much as most of them are non-TA practioners. Price has now up by 8 cents. How far up will it go? $2.80 and recapture new high? Why not? 100 years special dividend incoming? Perhaps... However, most peole who follow my blog know that I am not a breakout trader, but seeing the strength behind UE... I thought it is reasonable to still have some upside.

 Very nice setup. Note to self : A very nice application on trending stock near the slant trend line.

In summary, from MW report summary :   Initiating Coverage on Olam International – Strong Sell Published: November 26, 2012 Muddy Waters rates Olam International (SGX:O32; OTC:OLMIY/OLMIF) shares a Strong Sell. In this latest report Muddy Waters highlights how: Olam runs a high risk of failure. Its “asset heavy” strategy appears to be an off-the-rails CapEx and acquisition binge. Management talks about the “gestation” of these projects, but our research makes clear that they are marred by incompetence and perhaps significant misconduct. The vast majority of the acquisitions we have researched are of low quality assets that appear to bring little more than cosmetic benefits to Olam. In short, these projects are “pie in the sky” that we strongly believe are destroying substantial amounts of capital. Bond holders in particular should be asking where their money goes (and how they will get it back). Olam has spent S$571.0 million less on acquisitions than announced. However, it

Below is a forwarded email for my clients on mDR......  RE  :mDR joint venture in Myanmar 2 & SINGTEL's possible licensing in Myanmar Gathered more informations on the Myanmar Golden Star Group, which owns GMS. As quoted below... "The JVC will also provide exclusive consultancy and retail franchisee procurement services to Myanmar-based Golden Myanmar Sea Co. Limited (“GMS Co. Ltd”), which will be involved in the mobile devices and accessories distribution and retail businesses. GMS Co. Ltd is owned by the Myanmar Golden Star Group in Myanmar, an established business conglomerate involved in diverse businesses in Myanmar such as food, alcoholic and non-alcoholic beverages, financial and medical services, farming, agricultural and natural resources, aviation, and consumer electronics trading and distribution." A huge conglomerate with diversified businessess. http://www.mgsgroup.net/   -> (group website) MORE IMPORTANTLY.... Below is quoted from the pd

Additional commment : Immediate resistance will be at $3.20, forget to add the line in. Just to add on, notice the behaviour of the upper slant trend line when Wilmar is trading close to it...we always see major signs of weakness...