Keppel Corporation

KepCorp, next in my radar..

Star-Trader

Sembcorp Marine Technical Analysis: Part 2

Will continue to explain on today's analysis for Sembcorp Marine..
Today, it closed on Bearish Engulfing Candlestick. It marks a potential change but reliability is low as few days confirmation is still needed to confirm this.

Why i put the stock in radar yesterday? Because it shown sign of uptrend (white top spinning candlestick with increased volume though confirmation is still needed. Indicator trend showing oversold though this is not the buying signal confirmation as I explain previously what is the difference between Trend and Signal.

This time round I have drawn on 3 lines as well.. First line - High Resistance , 2nd line - Low Resistance
3rd Line - Support Level.

This stock is still in my radar and if you want to do averaging down, please know your holding power and also observe the 3 lines below.

Star-Trader

Singapore Press Holdings Technical Analysis

Supposed to post yesterday on SPH together with Sembcorp Marine (which I posted yesterday) as buying signal confirmed on the 3 days white candlesticks with today another long white candlesticks. It is a 'hold' for this stock if you have bought today in the morning but remember to exercise prudent profit when you want to exit your position in SPH.

Star-Trader

Sembawang Marine SGX Technical Analysis

SembMar today closed as white spinning top after previous day's Doji indicated that buying pressure is on and RSI is at 30%..Highlighted blue on the chart itself. Definitely a stock to watch. Let's see. 

Star-Trader

Tomorrow crucial's candlesticks for Wilmar

Tomorrow, will be crucial if I would like to cut lose or if there is any reversal on Wilmar which I bought 2 days back , by having a white candlesticks to cover the top spinning black candlesticks the previous days.
As for now, is a wait and see for this stock.

Will provide insight next on a stock that is on my radar, SembMar, coming up soon.

Star-Trader

Capitaland Technical Analysis for today..

First of all, posted my purchase of Capitaland below which I started the thread at 10:01am after observing this stock and got in at 2.90. (Click the link below for more information and scroll to 10:01am, by me..)

http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=7883&msgbdName=Capitaland&topicTitle=Capitaland

Thereafter, market didn't go up and one of the forumers of sharejunction mentioned that it could consolidate lower. He might not wrong in the sense but I observed something on Capitaland and assurance that will accumulate more if it drops to 2.85. Today, it closed with long white candlesticks. (Please see the blue colour that I highlighted below chart). The volume is building up with white long candlestick formed the pattern on uptrend again which today's candlestick body covered the previous day.

Anyway, I got in at 2.90. Whether to dispose off or to keep, it will depends on tomorrow's volume and the candlestick again. Let's see. Meanwhile, I will prepare a lesson on "Spreading" that I promised to my subscribers.. Stay tune..

Star-Trader

Wilmar International Technical Analysis

Today, Wilmar ended with Doji after few days of black candlesticks with Wilmar currently is on oversold region and can be some sign of mini-wave uptrend again if I observed correctly the candlesticks patterns.

Personally, I have got in at 3.58 today but must be willing to hold and cut loss if the trend doesn't goes the way that what it suppose to be..This is crucial to exercise caution when the trend doesn't go the way it should be and I never keep a stock for long term (except CapitaMall)..

This will be differ if I am trading blue chips. Will explain more next as what I mentioned previously, every stocks has different character and you got to trade differently.

Do exercise profits as well, I intend to lock out from Wilmar if the price is good and earn a little profit from it.. which is of course above 3.60.. :)

Till then,
Star-Trader

Wilmar, next..

Will be doing Wilmar's analysis soon.. stay tune..

Economic Data pulled down the market again..what's next?

Market News once again pulled down the STI and retract temporary for most of the stocks. As usual, stock market influences by market news and move sideline but does this offers oppurtunity to lock in?

How's one should react to the market when this happens? I will post this in my next lesson to my subscribers soon.. Lesson 13..

Star-Trader

Why buying stocks are like picking good fresh vegetables at the market?

As promised, I would like to talk about how you would trade a stock.. this is something I would like to re-affirm again..For those that have been following my blogs for quite sometime, I would always say this.. Pick a stock that is fundamentally good before you do any technical analysis on it..
Well, if you don't know how to read the financial reports, no worries..just make sure that on financial yearly basis, the stocks that you want to trade are making profits or so and have a good business sense that you think will be sustainable throughout the years.

What I consider on those stocks that don't fall into the categories above? I would say from my opionin, it as merely speculative trading which I admitted I did do that long long time back when I first traded the stocks..It could be based on "someone's" tips, friends' influence, stock brokers call, etc etc..

Hope this will give you more insight on how you would like to trade a stock..

Till then,
Star-Trader

Fundamental analysis vs technical analysis

Before we move on to another stock analysis, on and off will try to explain some other important elements.. Stay put..

Wilmar's Gap, what I mean by this?

During my last post, I mentioned about Wilmar gap open at 3.58. I have people asking me what I meant by that. You have also notice some stock forums, some contributed did mention about gap. But different people has different way of interpreting.

Let me explain here. From my own interpretation of meaning "gap", when it opens at certain price at a higher level then the previous closing price, it means that there are high volume pre-trading that willing to lock in at a high price in order to anticipate the stock will hit higher.

Certainly, Wilmar did go as high as 3.72 the next following day, and we will see a different pattern there after. Why did I say that? Because BBs that locked in during probable price of 3.58 on the gap, or price like 3.59,3.60,3.62 with high volume could have probably locked in some profit during the rally to 3.72.

Yesterday it closed at 3.58. So is that means that it is good to buy again to ride on the mini wave? That we will see again next week. So, from here.. I would also like to say that stocks characteristics are different from one another day even during the trading time to spot the signals.

Star-Trader

Noble at lowest point with ADX showing some trend..

Noble is very much similar to Wilmar with 2 mini peaks trying to breakthrough but unable to and believe it has already out from the selling zone.. ADX is about to show some sign on the trading range, 20 to 40 range..which uptrend soon persist soon. So, definitely a look out for this. 0-3months, out with a minor profits. Cut loss at 1.00 or trend below this price support.

Star-Trader

Subscribe to my newsletter..with ADX(Average Directional Index) in mind..

Hi, before I post Noble Group Technical Analysis, I will be sending out Lesson 12: ADX (Average Directional Index) which will use Noble Group as the real life example..

Meanwhile, stay put and relax..more to come..!

Star-Trader

Noble Group..next target? and JBFood IPO, someone asking me to give a view..

Would be posting the analysis on Noble Group soon as well as JB Foods IPO if I have some time on doing a much thorough fundamental analysis which I am still learning. Till then, let me post technical analysis for Noble Group soon, pretty soon..
P/S: Hope you made a little money with Wilmar during the mini wave if you managed to sell off today too. If not, 0-3months still applicable with the Cut-loss price of 3.45 which a price level support that indicate more downside moving towards below 3.45.

Star-Trader

Wilmar International

Willmar opened with 3.58 with a gap today and looks for the support price of 3.60. The mini-wave of the 2 peaks Jun 16 to July 13 has indication that it is looking for uptrend if the support is well maintained.. Looking at 0-3months. Cut-loss price 3.45.

Let's see.

Star-Trader

So, now I am back with analysis..what's next?

These are some to-do lists.. - I will be back to share my thoughts at sharejunction.com. - I will be sharing technical charts at the blog here instead. - I might be sharing fundamental analysis of the stocks as well. - I am only doing SGX Stocks analysis, if you want US Stocks, this is not the place. - I will only be concentrating here and won't setup another site to cater for technical analysis or so. - If more, I will put it down here.. Happy Trading! Regards, Star-Trader