Trend: Uptrend, 20ma up, MacD above 0

Support: 2.39 (20ma & 50ma close), 2.31 (100ma)

Resistance: 2.54, 2.65

Observations
Candlestick – Bullish harami a like candle.
Histogram – 4Rs. No Bearish Divergence.
RSI – Around close to 70%. Not overbought. No Bearish Divergence.
Stochastic – No Bullish Crossover yet.
Bollinger Band – At mid band.

Conclusion:
Starhub recently had a strong surge after the announcement of its launch of its fibre optic service and pricing plans. But this positive emotion slowly cooled down as the price retraces from its high. Will Starhub carry on going higher or will it carry on retracing further?
Starhub’s trend is current uptrend as it had broke out from its sideway resistance of 2.39 level. It recently had formed a higher high and is retracing for a possible formation of higher low. Based on current price level, it is trading closely to the resistance turn support level of 2.39. And based on the candlestick, it is start to form a formation that is similar to bullish harami. Looking at the indicators, it has yet to show any bullish indication. Hence, Starhub might retrace slightly further to test 2.39 support level.
If Starhub is to confirm the support and forms a higher low level, it might surge to the immediate resistance of 2.54 level before it breaks for a higher level. The possible higher high level could be at 2.65 resistance level. Hence, the upside potential is pretty significant. But if Starhub fails to hold the support of 2.39 level, it could retrace to 2.31 for the next support.
In conclusion, Starhub could continue its uptrend movement as long as a bullish signal is formed at the support level of 2.39. Its upside potential is significantly good comparing to its downside risk. Hence, one should be watching out for a confirmation of the bullish signal if it forms.

What to watch out for this week:
1) Formation of a bullish signal
2) Breaking of 2.39

Trading strategy to adapt right now:
- Long when there is a formation of bullish signal
- Avoid if 2.39 support breaks as the trend might change to sideway

*Disclaimer applies

Trend: Downtrend, 20ma down, MacD below 0

Support: 1.56, 1.49

Resistance: 1.67 (50ma), 1.75 (100ma close)

Observations
Candlestick – One white soldier.
Histogram – Mixed. No Bullish Divergence.
RSI – Around 40%. No Bullish Divergence.
Stochastic – No Bearish Crossover.
Bollinger Band – Closer to mid band. Squeezing.

Conclusion:
Noble grp which is another counter that was badly beaten after strings of bad announcement is starting to show signs of slowing downward movement. Will this be the bottom for Noble grp?
The trend of Noble generally is still downtrend although it is starting not to form a lower low. There is a possibility that Noble is starting to form a same low at the support level of 1.56 level. The possibility could be high as the candlestick shows a one white soldier formation which indicates that the support level is forming.
If Noble is to break 20ma, it will confirm the bullish reversal and might head towards 1.67 resistance level. Chances of a same high could be formed there as the trend would have turned into sideways by then. If 1.67 resistance is to break, the trend could have changed to uptrend with and possibility of heading towards 100ma. Based on the indicators, the signals are fairly mixed and this happens when the trend is sideway.
In conclusion, Noble grp’s trend could have change to sideway as it refuses to break 1.56 support level. There might be a chance that Noble will be heading towards 1.67 as resistance first to form a same low. But if Noble breaks 1.67 resistance, it’s trend would have changed to uptrend.

What to watch out for this week:
1) Confirmation of one white soldier and breaking 20ma.
2) Breaking of 1.67 resistance
3) Breaking of 1.56 support

Trading strategy to adapt right now:
- Long when there is confirmation of one white soldier (Counter trend trade and not very good risk and reward currently)
- Wait for breakout of 1.67 resistance with high volume.

*Disclaimer applies

Trend: Downtrend, 20ma down, MacD below 0

Support: 0.615, 0.58

Resistance: 0.64 (20ma), 0.665 (50 & 100ma)

Observations
Candlestick – Bullish Harami.
Histogram – Mixed. Bullish Divergence.
RSI – Around 40%. Bullish Divergence.
Stochastic – Bearish Crossover.
Bollinger Band – Closer to lower band. Squeezing.

Conclusion:
Ezion had been badly beaten down as it failed to breach the 200ma resistance level. Recently, the magnitude of drop seems to be slowing down. Will this be a possible reversal point for Ezion?
The trend of Ezion remains downtrend as it struggled to rebound towards 20ma. But it is interesting to take note that bullish divergence starts to appear in the indicators as it is trending downwards. There might be a possibility that the downtrend might end soon. Based on current price, it is trading at 0.615 support level where it had consolidated for the past few days. On top of that, it had a bullish harami formation yesterday which might confirm the support level.
If the bullish harami is to be confirmed, it might face upside resistance of 0.64 level which confluences with 20ma line. If the bullish divergence is in effect, this resistance of 0.64 should break and could see price testing next resistance of 0.665 where a stronger resistance might be formed. But if bullish divergence failed, Ezion might break 0.615 support and might head towards 0.58 for the next support level.
In conclusion, Ezion’s downtrend might have ended if Ezion is to break 0.64 resistance and further confirmation will be when it test 0.665 resistance level. But if the bullish divergence fails to reverse the trend, Ezion might have a risk to head towards 0.58 as support and the downtrend could continue.

What to watch out for this week:
1) Confirmation of bullish harami.
2) Breaking of 0.64 resistance
3) Breaking of 0.615 support

Trading strategy to adapt right now:
- Long when there is confirmation of bullish harami (Counter trend trade and not very good risk and reward)
- Wait for a formation of higher low after 0.665 resistance is being tested.

*Disclaimer applies

Swing Traders Psychology
- Should I buy?
- Should I sell?
- Should I take profits?
- Should I cut loss?

These are some of the questions that destroy trading accounts because the novice traders asking these questions do not have a plan. If you asked a professional trader one of these questions he or she would say, “I don’t know. What does your plan tell you to do.”

So what ends up happening? They get excited and buy at the worst possible time. Then the stock reverses. Fear creeps in and then the stock goes lower… and lower… and lower. Finally the pain becomes too much to bear so they sell taking a huge loss.

Believe it! Now lets look at the psychology behind what happens when a stock does go in the desired direction:

Excitement! Euphoria! Yeah, I’m making money! “I had better sell to lock in these profits since I have had several losing trades in a row.” The trader then ends up selling too soon!

By now I’m sure that you have heard the saying, “Keep you losses small and let your winners run”. Look at what just happened in the above example. The un-disciplined trader has just done the opposite! They have let their losses get big and they have limited their winners!

All of this mental anguish can be eliminated by having a decent trading strategy and the mental discipline to stick with it. Write down a plan for the trade before you trade the stock. Then trade it according to the plan that YOU have written. Remember that you have devised a plan before you got into the trade when your emotions were stable. Now you can trade your plan with confidence.

For most novice traders, it is not their strategy that is causing them to lose money. It is themselves that is their biggest enemy.

Trend: Uptrend, 20ma up, MacD above 0

Support: 0.285 (20ma), 0.265

Resistance: 0.315 (Historical high)

Observations
Candlestick – Black Hammer.
Histogram – Many Rs. Bearish Divergence.
RSI – Around 60%. Bearish Divergence.
Stochastic – No Bullish Crossover yet.
Bollinger Band – At mid band. Starting to squeeze.

Conclusion:
Genting HK has been on the rise and had tested it historical high of 0.315 level. It failed to breach the historical high and started to retrace recently. Will Genting HK be breaking its historical high soon?
Genting HK’s chart is currently in an uptrend condition. It had formed a higher high recently and could be retracing for a higher low recently. The first possible higher low level could be at support level of 0.285 which confluences with 20ma. The next possible higher low could be formed at 0.265 support level. Based on the candlestick, it had formed a black candle yesterday which might confirm the support of 0.285 level. But the indicators have yet to show any bullish signals. One thing that we should take note is that the indicators are showing bearish divergence signal. Hence fore, there might be a chance that the trend might be changing.
If Genting HK manages to confirm the bullish candle, there might be a possibility that the uptrend would continue and 0.315 might be tested. If 0.315 is breached, Genting HK will head towards historical high and might not find any strong resistance level anymore. Bearish divergence might have failed if that happens.
On the other hand, if the bearish divergence is in play, the resistance level of 0.315 might hold and the trend might be threaten to change to either sideway or downtrend. In order for the trend to turn into downtrend, it must first break the 2 support level of 0.285 and 0.265 level.
In conclusion, Genting HK could be an opportunity for the long side as long as there is confirmation for the bullish candle. But one must be aware that there is existence of bearish divergence and risk management is to be tightened.
What to watch out for this week:
1) Confirmation of the black candle at 0.285 support
2) Breaking of 0.315 resistance

Trading strategy to adapt right now:
- Long when there is confirmation of the bullish candle but position size has to be cautious.

*Disclaimer applies

Trend: Downtrend, 20ma down, MacD below 0

Support: 7.36, 7.19

Resistance: 7.56 (20ma & 50ma),7.66 (100ma), 7.85 (200ma close)

Observations
Candlestick – Black inverted Hammer.
Histogram – 2G. No Bullish Divergence.
RSI – Oversold. No Bullish Divergence.
Stochastic – Bullish Crossover. Oversold.
Bollinger Band – Close to lower band.

Conclusion:
SGX has been dropping close to 2 weeks without any significant rebound. Many might find that SGX might be trading at a “cheap” stock. Is SGX really that “cheap” right now? Is SGX going to make a rebound?
The current trend of SGX is downtrend but yet to form a significant lower high. Based on yesterday’s price, it is currently trading close to a support level of 7.36 level. On top of that, Inverted hammers have been appearing at this support level signifying that there could be a potential reversal. Indicators are also starting to indicate bullish signal in an oversold condition. Therefore, the chances of rebound could be pretty high. However, if there is no confirmation of reversal, this support of 7.36 might crack and seek the next level of 7.19 for support.
But as the trend is downtrend, its upside movement could be capped by immediate resistance of 7.56 level where it could confluence with 20 & 50ma. However, if the rebound is a strong rebound, it might even test 7.66 level as resistance. In order for SGX to turn into uptrend, it must break 7.85 resistance level before a higher high could be formed.
In conclusion, the rebound for a formation of lower low could soon be seen. But this rebound could be capped by 7.56 or 7.66 resistance level. Hence, if one is to go long on this position, one must be aware of the risk of trading counter trend.
What to watch out for this week:
1) Confirmation of the bullish signal at 7.36 support
2) Breaking of 7.36 support level

Trading strategy to adapt right now:
- Long when there is confirmation of the bullish signal.

*Disclaimer applies

Trend: Downtrend, 20ma down, MacD below 0

Support: 3.85 (100ma), 3.73

Resistance: 4.03 (20 & 50ma close), 4.14, 4.21

Observations
Candlestick – White candle testing 20 & 50ma.
Histogram – Many Gs. No Bullish divergence is seen.
RSI – Around 40%. No Bullish divergence is seen.
Stochastic –No Bearish crossover yet.
Bollinger Band – Testing Mid band.

Conclusion:
Kepland has been one of the few property counters that corrected significantly ever since it hits its yearly high. Recently it held very strongly at its strong support level and showing signs of rebound. It is a good time to buy yet or has it turn into a good shorting opportunity? Let’s explore.
Based on the current trend reading, Kepland still remains downtrend despite its rebound. It has been testing a strong support of 3.85 level which confluences with 100ma. This confirms the formation of a lower low. If the trend carries on being downtrend, a lower high should be form. The resistance level that could be possibly forming a lower high current stands at 4.03 level. If a bearish signal is to be formed at 4.03 level, there could be a high chance that downtrend could continue. Which might eventually break the support level of 3.85 and head towards next support of 3.73 level.
But if 4.03 resistance level fails to hold and heads towards 4.14 level, the downtrend might have ended. And if 4.14 level breaks and test 4.21 resistance, the trend might have even changed to uptrend.
Based on the indicators, the short term momentum still remains bullish but still lack of a formation of a bullish divergence. Hence, if the indicators start to show bearish signs, downtrend might continue especially at 4.03 resistance level.
In conclusion, Kepland’s upside still remains capped at 4.03 resistance level but if this resistance level cracked, Kepland could have more upside potential. Therefore, one should be watching out for bearish signs in the indicators or candlestick when Kepland test the resistance level of 4.03. On the other hand, downside for Kepland could also be capped by the strong support level of 3.85. it will only exhibit more bearish movement after it crack that level.
What to watch out for this week:
1) Testing of resistance of 4.03 and form a bearish signal
2) Breaking of 3.85 level

Trading strategy to adapt right now:
- Wait for bearish signal to be formed at 3.85 level before initiating a short. But one have to be aware that 3.85 level could be a strong support level.

*Disclaimer applies

Trend: Downtrend, 20ma down, MacD below 0

Support: 0.905 (100ma), 0.84 – 0.845 (Rising window)

Resistance: 0.985 (20 & 50ma), 1.07

Observations
Candlestick – White candle.
Histogram – 3G. No Bullish divergence is seen.
RSI – Turning up from oversold. No Bullish divergence is seen.
Stochastic –No Bearish crossover yet.
Bollinger Band – Bounce off lower band and heading towards mid band.

Conclusion:
Osim has been retreating significantly from its high of 1.08 and had hit a low of 0.905 recently. Will this be a good opportunity to go long or has this counter start to show downside risk?
The trend of Osim is obviously showing a downtrend as indicated by the indicators. But based on price movement, it has yet to form a lower high to confirm the downtrend. Hence, Osim might have a possible rebound to resistance level to form a lower high. The immediate resistance stands at 0.985 level where it has close confluence with 20 & 50ma, therefore, this could be a strong resistance level. However, if the price manages to breaks 0.985 resistance, the next resistance will be 1.07. If the price is to reach 1.07 level, the trend of Osim might not be downtrend anymore.
As the trend is downtrend, resistance level should hold and on top of that, 0.985 is a strong resistance level, hence, chances of lower high being formed at this level could be high. Based on the indicators, there are still no signs of bearishness which means Osim might have a potential to reach 0.985 resistance level. But if bearish signals are to be formed at 0.985 resistance level, it could mean that lower high would be formed and downtrend could continue. If that is so, Osim might test the immediate support of 0.905 and might even head towards 0.84 – 0.845 window support is the downtrend is strong.
In conclusion, as the upside is limited due to downtrend, one should try to avoid the long side despite the significant drop in price. But good shorting opportunity could come if there is a bearish signal formed at 0.985 resistance level.
What to watch out for this week:
1) Testing of resistance of 0.985
2) Bearish signal forming at 0.985 level

Trading strategy to adapt right now:
- Wait for bearish signal to be formed at 0.985 level before initiating a short.

*Disclaimer applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 1.46 – 1.50 (Rising window), 1.30 – 1.35 (Rising window + 20ma)

Resistance: 1.68 (Historical high)

Observations
Candlestick – Short black candle.
Histogram – 4G1R. No Bearish divergence is seen.
RSI – Overbought. No Bearish divergence is seen.
Stochastic –No Bullish crossover yet.
Bollinger Band – At upper band.

Conclusion:
Genting Singapore has been in the limelight recently after it had announced its sterling earnings for its RWS. It broke upwards for historical high of 1.68 before it starts to retrace recently. Will this retracement become an opportunity to be part of Genting Singapore’s shareholding?
Despite a drop in price of Genting Singapore for the past few days, Genting Singapore remains uptrend. This retracement would allow Genting Singapore to form a higher low so as to build a base for the next upward movement. Based on the chart, there is a rising window being formed between 1.46 – 1.50 level. This rising window could be a possible support level for a higher low to be formed. Alternatively, if 1.46 – 1.50 level fails to hold, the next possible support would be another rising window of 1.30 – 1.35 level. 1.30 – 1.35 level should be a strong support level as it confluences with 20ma currently. Based on the indicators, some indicators had just triggered bearish signal and there could be a high chance that Genting Singapore should retrace further. On the other hand, it also shows signs of a bullish flag formation.
Therefore, it is pretty hard to determine which level Genting Singapore would be supported at. But we should be prudent for bullish signal once Genting Singapore reaches 1.46 – 1.50 level or 1.30 – 1.35 level.
What to watch out for this week:
1) Testing of rising window of 1.46 – 1.50
2) Testing of rising window of 1.46 – 1.50

Trading strategy to adapt right now:
- Look to long when bullish signal appears at either of the support levels.

*Disclaimer applies

Trend: Downtrend, 20ma down, Macd below 0

Support: 2.50, 2.42

Resistance: 2.59 (100 & 200ma), 2.68 (20ma close)

Observations
Candlestick – Black candle.
Histogram – 3Gs. No Bullish divergence is seen.
RSI – Just entered oversold. No Bullish divergence is seen.
Stochastic –No Bearish crossover yet.
Bollinger Band – Closer to lower band.

Conclusion:
Olam recently had failed to sustain it uptrend and has been plunging rapidly recently as waves of bad news flowed the market. Recently, it seems that it is poising for a rebound but it got stuck in a tight trading range. Will Olam be rebounding or is it consolidating for further downside?
Olam’s trend had started to form a downtrend after it had broken the higher low support of 2.59 level. But what is lacking right now is a formation of a lower high to confirm the downtrend. Hence, there is a chance that Olam might rebound for a lower high which the rebound seems to be in a very tight range now. Looking at the chart closely, one could find that Olam is in fact forming a bearish flag formation currently. And at the same time it is test the resistance turn support level of 2.59. This resistance level of 2.59 is a very strong resistance level as it confluences with 100 & 200ma line. Based on the indicators, there are still no signs of bearishness yet except for the candlestick. Therefore, Olam might continue to test this 2.59 resistance level. If 2.59 resistance level is broken, it might face another strong resistance at 2.68 level.
If the bearish flag is confirmed with the breakdown of its lower line with high volume, immediate support of 2.50 level might not be able to withstand the selling pressure and price could break towards the next support of 2.42 level. This also confirms a formation of lower high for Olam.
In conclusion, Olam’s rebound is currently capped at 2.59 level which in fact had already reached yesterday. One could adopt breakdown strategy on Olam if 2.50 support level breaks with high volume. If the flag is being confirmed, there could be a potential downside risk towards 2.29 based on the flag projection.

What to watch out for this week:
1) 2.50 support level breaks with high volume
2) Bearish signal is being formed at 2.59 resistance level

Trading strategy to adapt right now:
- Short when 2.50 support level breaks with high volume
- Short when a bearish signal is being formed at 2.59 resistance level

*Disclaimer applies