Jaya Holding

Jaya Holding rebounded from the support line located at S$0.545 and closed at the day high which is a bullish. I am watching the stock to breakout the resistance level at S$0.615 which tell us that the down trend should be over. A closed over the 10MA might see the stock retest the resistance level. Today i managed to get in small position at near the 50MA with my stop loss at S$0.525. The support line which is located at S$0.540-S$0.545 should hold on bearish. 

5 Stock Leaders on Tuesday, 09/02/2010

Wilmar, was nice rebounded from the 200MA and managed to close at the day high which is bullish. The resistance level is at S$6.35 and if the stock can break this level, the gap might be filled up and retest the 10MA. I am watching this stock to breakout the 10MA.

Golden Agri, closed back over the 10MA but the volume was not as high as expected. The immediate support level is now adjusted to S$0.49 followed by S$0.46 and the resistance level is located at S$0.53.

UOB, closed at the day high with high volume which is bullish sign. This is a nice rebound after falling from 7 Jan 09 due to shooting star candlestick was formed. The stock is now going to test the resistance level at S$19.18 which is also the 50MA located. I think the gap will be filled as soon as on this week. 

City Developments, was finally closed over the 10MA after rebounded from the immediate support level located at S$10.30. The resistance is now located at S$11.05 which is also 50MA located. 

OCBC, nicely formed a marubozu candlestick today. This indicate a very bullish signal on this stock. The stock is going to rest the 50MA and a break of this level could gain more upside. 

5 Stock Laggers on Tuesday, 09/022010

NOL, formed a nice hammer candlestick which is a bullish candlestick. But the stock broke below the 50MA and tested the 200MA. A break below S$1.60 could retest the immediate support which is located S$1.57.

SMRT Corp, fell back again below 50MA. The immediate support level is at S$1.84 followed by S$1.80. The stock formed triple tops from May 2007 to Feb 2010. I have been avoid this stock lately because it is very difficult to get back to the peak.

SIA Engineering, continued to trend down but still remained above 50MA. If the stock breaks this level, we could see more downside. The support level is now located at S$3.34 which is 50MA followed by S$3.2.

F&N, kept falling from S$4.4 and had been breaking down all the major MAs. I would be buyer if the stock could get back to S$3.81-S$3.85. The support is now adjusted to S$3.64 as well as S$3.5.  

Genting Singapore PLC, continued to trade above 10MA. The stock had difficulty to breakout the 50MA and the volume was getting lower. A closed below the 10MA could retest the support level located at S$1.04. 

5 Stock Leaders on Monday, 08/02/2010

OCBC Bank, rebounded from the low and managed to close over the 10MA. We could see more upside on this stock. The resistance level is located at 20MA which is located at S$8.43. Today, all the bank stocks were taking a lead in the market.

Singtel, was on fire monday as Singtel announced its Group mobile customer base expanded 285 million. The stock was nice rebounded from the previous day low. We could more upside if the stock closes over the 10MA.

DBS Group, spiked up after DBS announced its full year financial report but the volume was not as high as expected. Meanwhile, the stock closed at the day high which mean a bullish. The resistance level is located at S$14.5 as well as S$14.92. 

SIA, rose to S$14.32 after the Director of SIA declared his deemed interest in the shares of Starhub Ltd. The immediate resistance level is located at S$14.58 followed by S$14.76. 

UOB, closed over the 10MA again as the bank stocks took a lead as leader. The resistance level now is at S$18.84. 

5 Stock Laggers on Monday, 08/02/2010

Cosco Corp Ltd, broke out the 200MA and hit the support level at S$1.15 then rebounded back to S$1.18. The resistance level is now located at S$1.23.


F&N, briefly fell below S$3.81 and closed below the 200MA. The support level is adjusted to S$3.65 as well as S$3.5.


Genting Singapore PLC, rebounded back from 20MA but still continued to trade above 10MA. Today the stock's volume was still high. The support is still located at S$1.04.


Olam, continued to trade below the 200MA. The resistance now is located at S$2.31 and the support level is at S$2.15. I would be a buyer if the stock moves up to S$2.35.


Sembcorp Marine, retested the 10MA but continued to trade below this level. The stock might be going to retest the 200MA if the immediate support level located at S$3.30 has breakout. 

Genting Singapore PLC

Genting Singapore PLC was on fire friday despite the market was bearish. This is a huge reversal for the trading day and closed over the 10MA. There is a classic short term bottom which i have some position on S$1.01 and S$1.02. On the upside, there is resistance located between S$1.18 - S$1.22. If the stock can close back over these resistances level, i think we could see a retest at S$1.30 - S$1.32. On the other hand, if the stock fall below the S$1.01, the following support level could be the 61.8% Fibonacci Retracement level located at S$0.97. This is a good stock worth watching into next week.

5 Stock Leaders on Friday, 05/02/2010

Genting Singapore PLC, was nicely rebounded from the low and closed over the 10MA. This is a stock worth watching into next week. The support is at S$1.04. 


ST Engineering Ltd, refused to closed below 10MA. Despite the market was bearish, the stock closed at the day high. A break below 10MA could retest the support level at S$3.09.


Capitamall Trust, closed at the day high with high volume. The stock was now trading on sideway and the support level we could watch is at S$1.66 followed by S$1.54. 


DBS Group Holding, fell below the support level at S$14 on Friday. The stock had a bearish divergence which could be very bearish. The support level is now adjusted to S$13.78.


Keppel Corp Ltd, fell in the second straight days after forming the dark cloud cover and shooting candlesticks. The support level at S$8.08 should hold. If the stock breaks below this level, it might test 200MA.