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.

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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.

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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. 

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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.

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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..

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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,
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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..

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