Singapore Wyckoff & Volume Spread Analysis

Another stock that has been recently added into MSCI small cap index is IRC Ltd. I am very interested in IRC from the technical aspect. As for the fundamental, iron ore has been rather strong in the last 1-2month or so. I do particularly like the higher volume in the iron ore chart.Chart is from a china iron futures platform As for IRC, its weekly chart also showed similar kind of rebound In the weekly chart of IRC, there could be chances of potential rebound as well... Of course, with 1029 being added into the index...which is the main reason.

-Below is a chart of Easyknit Enterprieses. This stock recently announced a rights subscriptions recently which led to the low during April. Rights was oversubscribed with 3%. Since then, 616.HK has been trading in a range from 70cents to a high of 90cents ++. You might want to take note that this stock was recently added into MSCI small cap index. I will be keep my eyes on EasyKnit 69-72 cents seems to be a valid entry. PnF chart

Some updates on the HK market from marketinout scans...Been busy with new job and trainings for the last few weeks :D Firstly, on Petrochina and CNOOC. Both companies ran up close to 30-40% gains in the last month due to rumor of merger. But on its fundamental, we might had witnessed the bottoming of oil prices. I report that I read from Maybank mentioned that they expect oil prices to be bottom out and it will be the best time to invest in these companies. They have picked CNOOC due to its fundamental...shall update on it tomorrow..Fei Hua Bu Duo : PetroChina, 857.HK chart isn't as pretty as Cnnoc chart from a technical point of view. BB might have taken the chance to offload during the run up as seen in the fugly upthrusts. As for Cnooc, I haven't take a look at its tape but just from the chart, it could potentially go higher given stronger growth,bottoming of oil prices(which probably had already happened) and towards a target of 75 bbl. lastly,..i will