Technical Analysis – 25th Nov 2008

Hey folks. Quick round up before I head outta here. Feeling the hangover still… *L*

I am just gonna post what got my attention today, namely Guoccoland, Venture and Kepland.

The charts are rather self-explanatory and the breakdown is more or less confirmed today. Venture tested its resistance and u-turned back. And so did kepland. Yes I do hold shorts on those 2. The others include CityDev, StraitsAsia and Noble.

Kepland was weird during matching. It seems as if they are trying to force the volume to spike so everyone knows the breakdown is confirmed. No doubt intraday it already had volume and the breakdown seems certain, they apparently wanna spike up the volume during matching. This is interesting to note personally.

Guoccoland on the other hand caught my attention when I peeked into the top 30 gainers. NO SELLERS! Woah…. and this is the result. What’s up with this counter now? hmmm

I will do a review of the STI and HSI tomorrow. The STI is getting boring and I have switched from index warrants to playing counters. The STI has been going in and out of the support-turn resistance turn support turn resistance… *L* It is basically directionless.

I’m outta here…. cheers all!