Singapore Wyckoff & Volume Spread Analysis

Good evening all, Attached below are all my opinons. This is strictly not a buy/sell recommendation. Please make your own investment decisons when doing trades. Below are 2 charts attached for Noble and Nol. These 2 counters have not been doing very well during for the past 2 financial results. Definitely not up to analysts expectation. Today, both Noble and NOL are @ resistant and they could potentially faced with more downwards pressure in days to come. Noble opens at 1.075 today, down 1 cents from Friday's closing and closed at 1.045. Its recent low was back at around May-June period when it briefly touches 1.05 and rebounded back sharply. Will noble retraces back this time round? My opinon is no. This counter can potentially be as cheap as 80 cents , according to fibonacci retracement.   With the index trending at around 2982 at today's closing, down 33 points. the STI index still has the capacity to fall to its recent low of 2700. With renewed

Hi all, I know its abit "Horse Back Cannon" when i say i called for a short when JB Food reaches 410/415. That was purely due to the charts that i see that time. Over the past few weeks, I have been reading VSA alot...alot alot alot alot alot...and I thought this new IPO counter will be best to analyse using VSA. WHY? Because of the omnipresence of the 'Chng Kay' aka Bigboys. So..i actually dont need you all to believe you all my call actually, cause i just want to share about my analysis..it is my first analysis from a VSA perspective. It is different than normal TA perspective but they are refreshing and they are where the Bigboys put their smart money @. So lets start with the fundamental analysis of JB Food.....None, why do we need it anyway =) We are just riding on the IPO sentiments. There is no need of FA. 1)The 3rd Green candle sticks signals very heavy selling pressure from the BBs. Day high occured there and it is very important to notice of th

Good Afternoon all, Sorry for the lack of updates. Definitely been watching the market as it is my job but been lazy to post. Below are my views on the current market and might not be correct, just my own personal opinons. First of all, this is not a buy/sell recommendation and merely my 2cents in how i feel the market is responding. 1 month back, STI retraces from its low of around 2700 and reaches the 3000 recently. On its route there then the top 20 volume is pretty much dominated by blue chip coutners/mid cap. (Eg golden agri was at about 58 cents then) 2 weeks ago, we see a resurgence of the penny counters again, TT Int, GSH corp, Unifiber etc. All of them churning out good volume and lured investors/gamblers into buying them. (As these counters have no basis in the foundation, buying these counters in my opinon is equivalent to gambling - no offense) At the moment, these penny counters are all down from their highs, likely profit taking had taken place.