Yanlord hit resistance!

Yanlord is now at the resistance level, hitting the downtrend line which formed since July 2009. Will it bounce off the trendline and go lower this time? I am not so sure too, Mid and short term trend is still bullish. We better watch how the market perform next week and wait for a better buying opportunity rather then chasing aimlessly. Congrats if u have followed my previous post. =)

Genting Sp

Genting Sp is back to test the resistance line again! If you have follow the last post on Genting SP, you should know what i am talking about, the price turn down after failing to break thru the resistance trend line.

Not sure whether this time it will break the downtrend resistance line but it will be safe to get out as market is also in the overbought position.

Gong Xi Fa Cai

Market Talk email on Tuesday 17/01/2012
First of all congrats those who followed our email and have bought stocks for the past few weeks and hope you have made yourself nice profit for the Chinese New Year! Remember that we also mention that the STI index 2906- 3000 is the resistance level. We are pretty close to the resistance level now, and we are going in to holiday season in next few DAY. We think that it would be safe for us to take profit off the table as to better manage our risk and enjoy our holiday.
- Reduce Long position in the market OR
- Lookout for some Weak stock and have small Short position for hedging (If you are holding some long position)

Market talk Email is a service provide to my client, if you wish to receive
our MarketTalk Email from me, please drop me an email at yew.andy@ymail.com
Gong Xi Fa Cai

Yanlord

Yanlord, oh my lord! We got a buy signal here! Recently the mid term change to bearish(Red candlestick) but the long term trend(blue ribbon below) remain bullish. Now the mid term trend is back to bullish, if u are looking at this stock tomorrow will be a good entry if the price break above today's high), if not, just wait for another day for it to break prior day high.

Semb Corp, Ho Bee

Happy 2012 to ALL!!! STI rose 57 points and closed at 2716 last week, volume has been pick up accordingly as well. Apart from the impact from US and Europe market, Investors are also expected to increasingly focus on corporate news next week as Singapore companies enter the earnings-reporting season. 2630 is the key support which is also what I called buy zone. 2740 is the first resistance we face to now, for STI to go up to next level, we need to see it stay above 2740

SembCorp Closed 4.2 on friday, ever since it rise from the trough of 3.2, if have been going on sideways for the past 2month or so. Well, sometime a stock moves sideway is good, especially when the rest of the market is falling down, our ARTS- position trade has got a signal for entry on mid-long term trade. Entry only when it break above prior day high.

Ho Bee last close at 1.035, Long term trend down, mid term trend down, short term reversing, if market is going to be bad. This stock might be a good choice to short as our system gave a signal that it is showing weakness. can consider to short if it break below 1.02. Stoploss at 1.08.