Advice on Technical Analysis on SGX Stocks, how to trade it with japanese candlesticks..and trade with other parameters to gauge the direction of a particular stock if it is uptrend or downtrend..Of course this is only my personal view with disclaimer on my website. "To check Disclaimer, it is on the left top of the website here"

Sunday, August 26, 2012

Hutchison Port Holding Trust Technical Analysis




Today, I am going to share on technical analysis for HPH Trust. HPH might have formed a support base.
Notice the 2 white candlesticks before yesterday's black spinning top. Black spinning top occurred where indecisiveness between the bullish and bearish sentiment still occur that prompts that this stock might have uptrend in mind soon if the volume well supported as well as +DI starting to turn towards upper base.
The blue line that I have drawn on the first chart below is a support price 0.68.

for the 2nd chart, it shown the trading range that have been trading in between the 2 blue lines, thus why I believe support base for this stock will prompt the stock to go higher again.

Let's see.

Star-Trader







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