Just a update on the STI.

I have been waiting for IndoAgri for one week. Set up was formed on 9 Dec 2009. The next day it was form Doji and made indecision for 4 days. The candle is consolidating to get strength pushing up. 

Finally trigger today on 2.04. A good trader must remember put cut loss, here you can set on 1.99.

I posted last week Trigger Buy on OCBC for Swing Trade. I would like to thanks my readers for supporting me.

This stock is one of the bullish stock this year. I am looking it to hit next resistance 9.06.

This one of the blue chip stocks in singapore, i may place my trigger buy on 8.57, Cut Loss 8.52 on the closing previous candle. Target may reach onto 8.74 for 3-5 trading days.

Go look at OCBC, yesterday candle tells us that bearish rejected from below, today open gap up and now seems bulish is winning the battle.

The entry price may on 8.4, Target 8.74 and Cut Loss 8.32.

The shock news of Dubai’s debt problems last week raised fears of a return to the darkest days of the financial crisis as markets plunged across the globe.

Markets in Asia, Europe and the United States stumbled as fears of bad debts bred fresh concern for the world economy after Dubai’s shock request to suspend major loan repayments.

Today STI Open at 2751.46 and went down to 2731.65. Last week on Thursday STI was closed at 2762.22.

Look at Falconene, I would choose to short as it has never made the recent high.  The highest high was on 24 Sept 2009 and then continuously with lower high until 16 Nov 2009. Falconene broke the previous low and also broke the support line on 0.7.

Trigger short be on 0.695, Cut Loss 0.73 and Target 0.635. Time Frame may consider how market moves this week.

It may consider for swing buy and hold for 3-5 days. The entry price 1.145, Cut Loss 1.115. The target is subjective as the market is not stable recently.

As my post on STI last week, STI has broken down from the 40 and 50 Moving Average. I was suggesting to lock in some profit and go for short.

One of the stocks you may short today, you may take a look at Neptune Orient Lines (NOL). Since 16 October 4oMA has cross above 20MA. Yesterday Inverted Hammer Candle Stick touched the 20 MA and bounce back. Today the price broke the yesterday low. These all tells us that bearish is winning.

The Entry Price may take on 1.6, Target be previous lowest on 1.51. Cut Loss 1.65 and You may take it as 3-5 trading days time frame.

Yesterday candle touched 20MA and CCI was -100. It is consider trade within 3-5 days, Entry : 1.08, Target: 1.17, Cut Loss: 1.03.

Bulls and Bears was fighting yesterday on CapitaLand. CCI is below -100, 20MA  and 40MA opening up and also slopping up. Seems bulls be winning the land as Volume come along.

Base on the previous chart, Entry price 4.15, Target 4.45. Cut Loss is 4 and Time Frame 3-5 days.

ST ENGINEERING still up trend! CCI  is below 0 and broken yesterday high. It’s above 40MA and touch 10MA

Entry 2.9, Time Frame 3-5 days.

Cut Loss 2.83 and Target 2.99.