Stocks Turning Bearish for Mid Term

Today when I did a stock analysis in the class, I was quite surprise a lot of blue chips and active stocks appear in the bearish stock scan report. I normally use this as a signal to sell or short. This list is similar to the list that I generate on 20 June 2012, when the market start to turn up. This time will it be the turning point(turn down) as well? For sector wise, Banks and Shipping is again the weakest sector.

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Kep Corp, Supergroup

Kep Corp close $11.26 today. Currently the stock is still up trending, and there is a sign of turning up again after the pullback this 2 week. If you think market can go up further. You may want to look at this stock if tomorrow it breaks above $11.29, Support is somewhere at 11.08. Do place your stoploss if the price really fail to stay above the support.

Supergroup close $2.04 today. This stocks has been going on sideway since June with the support at 2.04 and resistance at 2.23. Right now there are two group of trader who will trade this stock, first group is people who think that it will continue to trade sideway hence they will "buy at support, Sell at resistance".

Second Group of trader will think that this time if it breaks below the support, the stock will have quite some space to fall. They will Short this counter when price break few bid below the support. Stoploss will be place if stocks goes above $2.04.

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• 日期：8月24日  (星期五，• 华文讲座)
• 时间：晚上7点半 至10点
• 地点：141 Cecil Street, Tung Ann Association Building 
#07-02 S(069541), 
丹戎巴葛地铁站G出口，• 直走80米，• 红绿灯对面

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Singapore Stock - CapmallsAsia Chart

CapmallsAsia now trading at $1.65, on the chart we can see that this stock is moving on a steady uptrend in a price channel. We always look for stocks that is trending up and buy near support when it pull back from its high. Right now CapmallsAsia has pull back from its high of $1.70(resistance) and the trendline support is somewhere around $1.625. This time round we might be interested to go for a shorter term trade e.g 5-10days, targeting $1.70 again. Stoploss $1.62

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New IPO IHH Healthcare Chart

Asia Largest Hospital operator IHH Healthcare recently get a buy call from DBS vickers(see below link for reference), as for the chart the price seems to be forming a round bottom chart pattern, a kind of reversal pattern which for long term trade similar to cup and handle pattern. Though the time frame might be too short to call it a round bottom pattern, the price also seems to be supported by $1.225 where the ipo opening price is. One might look into this stock if you missed out the first wave, $1.255 is the breakout price. Stoploss can be place below the support level.

http://in.reuters.com/article/2012/08/22/markets-singapore-stocksnews-ihhhealthca-idINL4E8JM0YR20120822

Round bottom: http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reve

Yoma - Going Trending or Range Bound?

On my previous post on Yoma, we saw yoma breaking the primary trend line for the long term which signals bearish on this stock. However the stock does not fall as we expected. As a technical guy, i usually dont ask why it happen this way as we know this is a game of probability. As the George Soros says: It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. Ultimately we need to lose small, win big. 

Coming back to Yoma chart, right now for mid term, we see it as going sideways/ range bound with the support at 0.36 resistance 0.415. In longer term the price seems to be going back into the uptrend zone. Right now at the consolidation phase, its is either a accumulation or a distribution. My feel is a big move might come some day (I dont know when) but right now ART system shows upside bias. Will it break out from here?


Jim Rogers on Yoma
http://www.sharesinv.com/articles/2012/08/06/jim-rogers-take-on-the-investment-arena/

Jim Rogers on Myanmar
http://seekingalpha.com/article/725201-jim-rogers-myanmar-best-investment-opportunity-in-the-world

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Tat Hong's Q1 profit triples

Read more at Today Online: Tat Hong's Q1 profit triples
http://www.todayonline.com/Business/EDC120813-0000102/Tat-Hongs-Q1-profit-triples

Another coincidence Tat Hong, another counter that announces profit was scanned out by our Art Position Trade system. We had a trend change signal, which means today's surge might be a start of a new trend, the blue signify bullish trend. A good entry for this signal will be 1 bid above previous day high, e.g. $1.06. Stoploss $0.99, Mid-long term.

ComfortDelgro posts profit for Q2 result

Read more at  Channelnewsasia: ComfortDelGro posts Q2 net profit of $65m
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1219926/1/.html

After looking at the chart I did a search on google for news on Comfortdelgro and the above "link" came up to me, our system gave a bullish signal for this stock. A good entry will be 1 bid above the previous day high, e.g $1.66, Stoploss below the pivot low $1.605. Mid term trade 2weeks and above. Short term target $1.715

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How Genting Sp Q2 Result will affect the Stock price

Genting Singapore PLC has announced that they will release its second quarter financial results ended 30 June 2012 on Friday, 10 August 2012, after trading hours. I still remember the last time we post about Genting Sp was on the day they release their Q1 result that time, we say if it is lower than $1.66 it will trigger the sell signal. I am really glad that I posted the chart that day and some friends did follow the chart and sold off in time. If not, you probably get stuck again!

Check the post here:
http://www.andy-yew.com/2012/05/genting-sp-1q12-net-profit-down-33.html

Right now Genting SP is at $1.275. This time round will this Genting SP Q2 result create a turning point for the stock price? I guess many people is "predicting" the direction, but then currently the price is still down trending for Mid term and for short term the price is turning downward again. Our chart show a short signal, which means that if price break below previous day low. It might be a good time to short this stock again. For short term, stoploss can place at $1.30, for mid term, stoploss can place at $1.35

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Singapore Stock Chart: Ezion, Midas, STXOSV, IndoAgri, Tiger Airways

Ezion Holding closed 0.945 today, this stock has been going for sideway for quite awhile. Right now it just turn up from the recent pivot point. After so much rest, it is probably time to move higher again, for entry we are looking for it to break above previous day high ( $0.96), Stoploss can be place below the bottom of the box (0.90) timeframe mid term trade (2weeks – 2 month)

Midas closed 0.365 today, congrats to some of you have bought it at the first signal which triggered at 0.31. now you are probably sitting with 20% profit. Now the second signal is out, for those who missed the first blue arrow, this might be a second better entry for you. A good entry will be 1 bid above previous day high. As this is a penny stock please watch your position sizing to avoid taking too much risk. Stoploss at 0.34

STXOSV(Above chart) closed $1.575 today, looking at the chart. This stock has been going on sideway for quite a while too, probably a lot people has also forget about this stock by now. The chart also tell us that STXOSV has broken the down trend line. Now might be  a good time to look at this as the price is near the downtrend line and it has become the resistance turned support level. Good entry will be 1.59, mid term stockloss at $1.48.

IndoAgri (below): Looking good here too as the past few day the price did not make a new low thus it has formed a nice pivot for us to draw our trendline (price are supported). If this is the “turning point” then the projected profit target we looking at is probably 1.60-1.65(channel line). Quite a good risk/reward reward ratio. Stoploss can place at 1.345. Short term/mid term.

Last but not least is Tiger Airways Chart: closed at 0.70 today, looking at the chart this stock has gone into a long term downtrend after they IPO for few month. Technically it stop dropping further since November. Will this stock come back alive? For long term investor you might want to consider to look at this stocks. Today our trading system signal us of the continuation of trend(mid term up trending) with a blue arrow. One might consider to invest in this stock for mid to long term. Stoploss can place 0.66. Below is some commentary of Tiger Airways for your reference.

Despite the seasonally weak quarter, Tiger managed to narrow losses sequentially. Tiger Singapore turned in its first operating profit after three quarters in the red. We believe losses should narrow in Australia on higher fleet utilisation and yields. 1QFY13 core net loss (S$14.5m, -12% qoq) was in line with our S$14.7m estimate. Losses should continue to narrow with higher fleet utilisation, stronger load factors and higher yields. CIMB-GK GOH SECURITIES RESEARCH HOUSE - 31/07/2012


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