Trend: Uptrend, 20ma up, MacD above 0

Support: 1.11 (20ma), 1.05 (50ma)

Resistance: 1.24, 1.31

Observations
Candlestick –One white soldier (Bullish).
Histogram – Many Rs. No Bearish Divergence.
RSI – Around 50%. No Bearish Divergence.
Stochastic –Bullish crossover shown. Bouncing out of oversold.
Bollinger Band – At mid band and is squeezing.

Conclusion:
Biosensor has been trending in a very good uptrend and recently, it had a very decent retracement. Could this be a perfect entry point for it?
Biosensor is currently uptrending and had formed a higher high. It could have been retracing so that it can start to form a higher low in order for its uptrend movement to continue. Currently, it is trading at 20ma support with a good confluence of horizontal support of 1.11 level which is a very good setup position for a formation of a higher low. But if Biosensor fails to hold at this support level, its next support stands at 1.05 which is pretty close to current support. Hence, any downside for now should be limited.
Looking at the indicators, Biosensor had multiple bullish reversal signals which further strengthens the support level of 1.11 and increases the odds of a good rebound towards the incoming resistance. If the bullish signal is being confirmed, Biosensor might approach the immediate resistance of 1.24. As it is an uptrending counter, it could even break 1.24 and seek 1.31 as the next resistance.
In conclusion, Biosensor is showing bullish signs at a strong support level and the uptrend could continue. As long as the bullish signals are being confirmed, we could at least see Biosensor heading towards 1.24 as resistance or even 1.31 as resistance.

What to watch out for this week:
1) Confirmation of the bullish reversal candle.
2) Breaking of 1.24 resistance level to confirm the continuation of uptrend.

Trading strategy to adapt right now:
- Long when price confirms the bullish reversal candle.

*Disclaimer Applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 1.74 (50 & 100ma), 1.66 (20ma above)

Resistance: 1.84, 1.90 (200ma close)

Observations
Candlestick –Small black candle with little lower shadow.
Histogram – 3Rs. No Bearish Divergence.
RSI – around 60%. No Bearish Divergence.
Stochastic –No Bullish crossover yet.
Bollinger Band – Between mid and upper band.

Conclusion:
Ezra came to my mind when I notice Ezion tried for a break out for a higher high today. Would the bullish sentiment overflow to Ezra? Let’s look at Ezra’s chart.
Ezra’s trend is starting to turn uptrend as it had just formed a higher high. What is lacking right now is a formation of a higher low to confirm the uptrend. Higher lows could possibly form at the immediate support level of 1.74 where it confluences with 50 and 100ma. Based on current price level and candlestick, Ezra might have tested this 1.74 support level. But the indicators had yet to confirm this support is holding with bullish signals. Hence, there might also be a chance that this 1.74 level might not hold and seek 20ma as support or even the next support of 1.66 level.
If Ezra manages to confirm the support of 1.74 with bullish signal, Ezra might head towards 1.84 immediate resistance to test it. As the trend is uptrend, it should break 1.84 level and head towards 1.90 as resistance. But one has to take note of the 200ma line which could be a strong resistance for Ezra to break. Hence, the upside could be capped at 1.90 level.
In conclusion, Ezra is now trading at a very strong support level of 1.74 and rebound for higher low could happen soon. But what is lacking right now is formation of bullish signals from the indicators. Once there is confirmation of the bullish signals, Ezra should be able to head towards 1.84 and eventually 1.90 resistance level. But 1.90 level could be a very strong resistance level to break as 200ma is trending there.
What to watch out for this week:
1) Formation of bullish signal.
2) Breaking of 1.74 support and wait for 20ma as possible support
3) Breaking out of 1.84 resistance.

Trading strategy to adapt right now:
- Wait for bullish signals to form and long when there is confirmation of bullish signals.
- Long when 1.84 breakout with high volume (Might not yield good risk reward as the immediate resistance is close)

*Disclaimer applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 2.07 (20ma),2.00 (50ma)

Resistance: 2.24, 2.36

Observations
Candlestick –Long Black candle.
Histogram – 2Rs. No Bearish Divergence.
RSI – 55%. No Bearish Divergence.
Stochastic –No bullish crossover yet.
Bollinger Band – Middle of upper and mid band.

Conclusion:
CDL Htrust has been one of a stronger REIT counter around as it had broken for a new year high. Recently, it had hit a resistance and has been retracing then. Will CDL Htrust still able to sustain its upside movement or it would retrace further?
CDL Htrust’s trend remains uptrend as it has formed a higher high recently. Therefore, the recent retracement could be seeking to form a possible higher low. The immediate support of CDL Htrust stands at 2.07 level where it has a confluence with 20ma. 2.07 level has been a strong resistance level which has been broken through last week. Hence, this resistance could have turned into a strong support level. If a bullish signal is being form at 2.07 support, CDL Htrust might continue its uptrend and seek the immediate resistance of 2.24 level. If the uptrend is strong, it should be able to break 2.24 resistance and head towards next resistance level of 2.36.
However, if CDL Htrust fails to hold the support of 2.07 level, it might seek the next support of 2.00 level. If 2.00 level is being tested, it would mean that CDL Htrust’s trend might not be uptrend anymore. Based on the indicators currently, it is hard to judge whether 2.07 support would be holding. Hence fore, we have to watch for bullish signal to be forming at 2.07 support before further conclusion could be made.
What to watch out for this week:
1) Bullish signal at 2.07 support
2) 2.07 support level fails to hold

Trading strategy to adapt right now:
- Wait for bullish signal to appear at 2.07 support level and long when there is confirmation
- Avoid going long if 2.07 level breaks.

*Disclaimer apples

Trend: Uptrend, 20ma up, MacD above 0

Support: 2.83 (20ma close),2.77, 2.67 (50ma close)

Resistance: 3.02, 3.16

Observations
Candlestick –Black candle with upper shadow.
Histogram – Many Rs. No Bearish Divergence.
RSI – Just turned down from overbought, around 60%. No Bearish Divergence.
Stochastic –No bullish crossover yet.
Bollinger Band – Middle of upper and mid band.

Conclusion:
Olam had been in the limelight among the commodities sector play as it had a strong surge 2 weeks ago. Recently, it seems to be sluggish in the upside and could be retracing down further. How far would Olam retrace and where are the possible entry positions for Olam?
Olam’s trend is currently uptrend and had formed a higher high at 3.02 resistance level. Hence fore, it could be retracing for a formation of a higher low. The support level for Olam could be at 2.83 level where there could be a confluence of 20ma. But another likely level for a higher low support level is at 2.77. Currently, there are still no signs of bullishness from the indicators or candlesticks to justify that a higher low is going to form at the current price. Hence, there is a strong possibility that Olam would be heading towards 2.83 or 2.77 level for support.
But, if the retracement did not manage to hold as support at 2.83 or 2.77 levels, Olam might be in danger of not retaining its uptrend momentum as breaking 2.77 would mean that the next possible support is at 2.67 level. Testing 2.67 level would mean that the trend has turned into a sideway trend.
In conclusion, we have to expect price of Olam to retrace towards 2.83 or 2.77 support for a formation of higher low. If bullish signal is being formed at either level, the uptrend could continue. But if 2.77 level fails to hold, it could mean that Olam might not be uptrend anymore.
What to watch out for this week:
1) Bullish signal at 2.83 support
2) Bullish signal at 2.77 support
3) Breaking of 2.77 support

Trading strategy to adapt right now:
- Wait for bullish signal to appear at support and long when there is confirmation
- Avoid going long if 2.77 level breaks.

*Disclaimer applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 4.34 (20ma), 4.24 (50ma)

Resistance: 4.50, 4.68

Observations
Candlestick – Long black candle.
Histogram – 4Rs. No Bearish Divergence.
RSI – Just turned down from overbought, around 60%. No Bearish Divergence.
Stochastic –No bullish crossover.
Bollinger Band – Close to mid band.

Conclusion:
While our market is now focusing on small and mid cap play, some of the big caps have been suffering from activities. One of the known big cap is Sembcorp. While players in the same offshore sector are being in play, for example Ezra & Swiber, Sembcorp has quietly been retracing while the mid caps enjoyed their rally. Will the market start to rotate back to big caps in offshore sector?
Sembcorp is currently showing a very clear uptrend movement with a higher high being formed recently. Hence, it is now retracing for a possible higher low formation right now. The immediate support for Sembcorp now stands at 4.34 level which confluences with 20ma as support. Another possible higher low position could be formed at 4.24 level where it confluences with 50ma. Based on the indicators, it had yet to form any bullish signs yet and formation of higher low could be at either levels. Therefore, watch for bullish signs when both support are being tested.
If bullish signs are being formed and confirmed, Sembcorp might surge up to test the immediate resistance of 4.50 level and as it is an uptrend, it might even rally towards 4.68 level where a higher high could be formed.
In conclusion, Sembcorp might be retracing to prepare for further upside but what is lacking right now is the bullish signals. Hence, watch out for bullish signals appearing at 4.34 support or 4.24 support. If that happens, the upside potential can be very rewarding.
What to watch out for this week:
1) Bullish signal at 4.34 support
2) Bullish signal at 4.24 support

Trading strategy to adapt right now:
- Wait for bullish signal to appear at support and long when there is confirmation

*Disclaimer applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 2.17 – 2.18 (20 & rising window & 200ma close), 2.08 (50ma), 2.02 (100ma)

Resistance:2.35, 2.48

Observations
Candlestick – Bearish engulfing.
Histogram – 4g1r. No Bearish Divergence.
RSI – Just turned down from overbought. No Bearish Divergence.
Stochastic –Bearish crossover. Overbought.
Bollinger Band – At upper band.

Conclusion:
Straits Asia is one of the stronger commodities play in the market as it had broke out from its strong resistance level of 2.17 level last week. Will there be any upcoming opportunity to ride Straits Asia’s upward wave?
The trend of Straits Asia is currently uptrend and had yet to form a higher high confirmation. Hence, it is currently important to keep a look out for resistance level where possible higher high could be formed. The immediate resistance level of Straits Asia now stands at 2.35 level and recently it had tested this resistance. Based on the indicators, they are all showing bearish signals. Therefore, the chances of higher high formation are very high as long as there is confirmation of the bearish signals.
If the higher high is being confirmed, possible higher low could be formed at support levels. The immediate support of Straits Asia is at 2.17 – 2.18 level where it has multiple confluences. This support level would be a very strong support level. But if this strong support level breaks, it would imply that Straits Asia might not be uptrend anymore and might seek 2.08 as the next support.
In conclusion, it might not be wise to enter for a long position current as it is very close to resistance level and bearish signals are being triggered. What is lacking now is a confirmation for the bearish signals. Hence, one should be patiently waiting for Straits Asia to reach the strong support level of 2.17 – 2.18 level before initiating a long position.

What to watch out for this week:
1) Confirmation of bearish signals
2) Testing of 2.17 – 2.18 support
3) Breaking of 2.35 resistance

Trading strategy to adapt right now:
- Short when there is confirmation of bearish signal (Counter trend, risky)
- Adopt wait and see if 2.17 – 2.18 support holds with a bullish signal
- Long when there is a breakout of 2.35 resistance with high volume

*Disclaimer applies

Do be reminded that whatever I had posted, it is not an advisory. It is just to share how a good TA analysis works with its hits and misses.

Trend: Sideways, 20ma flat, MacD slightly above 0

Support: 2.30 (20 & 50ma), 2.24 (100ma & 200ma)

Resistance:2.42, 2.54

Observations
Candlestick – Black candle.
Histogram – 5Rs. No Bearish Divergence.
RSI – Around 50%. No Bearish Divergence.
Stochastic –Either bullish or bearish cross (uncertain).
Bollinger Band – Closer to mid band.

Conclusion:
Indoagri has been another commodity stock that did not follow strong surge by Noble grp, Olam and Straits asia. Could it be a laggard or could something be boiling within which no one knows?
Indoagri’s trend has yet to form a firm uptrend as it has not formed a clear higher high and higher low, hence, it could be moving sideways as indicated by the indicators. Based on yesterday’s closing, it could be forming an uptrend as it is trading above all the MA lines which uptrend stocks would trade above those. But it must form a higher low at the moving average line before it can become uptrend. Therefore, the key support level that Indoagri must hold before it might turn into uptrend is 2.30 level. This 2.30 support level could be a strong support as it confluences with 20 and 50 MAs. Based on the indicators, there is still no clear indication on whether this 2.30 support level will hold as they are not showing any clear bullish signals.
If Indoagri fails to hold this 2.30 support level, its price might continue its’ sideway movement, which also means that the low could be forming at same low. The support level which same low could happen is at 2.24 support level which confluences with 100 & 200ma. Hence, there could be a high chance for bullish signals to be forming at 2.24 support level; However, if this strong support of 2.24 breaks, the trend will turn into downtrend.
Going forward, if Indoagri is to rebound off at either support levels, it could meet 2.42 as resistance level which same high could form. But if Indoagri is to break 2.42 as resistance, it would no longer be sideway and would turn uptrend which could seek 2.54 as the next resistance level.
In conclusion, It is still very uncertain to conclude whether Indoagri would turn out to become an uptrend stock as it is currently sideways. But if Indoagri fails to hold 2.30 support to form a higher low, Indoagri would still end up as sideways and it should hold at 2.24 support level for a low. Because it is sideways, its upside would be capped at 2.42 unless 2.42 breaks and by then, an uptrend could be born. Therefore, Indoagri is now trending very differently comparing to the rest of the commodities stocks.

What to watch out for this week:
1) Formation of bullish signal at 2.30 support / breaking of 2.30 support
2) Formation of bullish signal at 2.24 support
3) Breaking of 2.42 resistance

Trading strategy to adapt right now:
- Long when there is a formation of bullish signal formed at 2.30 support
- Adopt wait and see if 2.30 support breaks
- Long when there is a breakout of 2.42 resistance

*Disclaimer applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 1.02, 0.955 – 0.98 (Rising window & 20ma), 0.91 (50 & 100ma close)

Resistance:1.09, 1.17

Observations
Candlestick – Gravestone Doji.
Histogram – 4Rs. No Bearish Divergence.
RSI – At 70%. Turning out of overbought. No Bearish Divergence.
Stochastic – No Bullish Crossover yet.
Bollinger Band – In between mid and upper band

Conclusion:
As the craze of TDRs issuance is getting the hype, Super group got its superb bullish strength in its price. Will this craze be sustainable or it is just an inflated hype?
Based on Super group’s chart, it is clearly showing an uptrend and is forming a bull flag. Recently, it formed a higher high and is retracing for a higher low. Currently, it is trading at a support level of 1.02. However, there is a much stronger support level at 0.955 – 0.98 window support which confluences with 20MA. Based on the indicators, they have yet to show any signs of bullishness but yesterday’s candlestick shows a possible support here. Hence, there could be possibility that Super group might seek 0.955 – 0.98 as the next support.
Apart from retracing to support level, Super group is also forming a bullish flag where breakout of flag could be adopted. If Super group is to break 1.05 with a high volume of more than 1.8mil, it might confirm the bull flag formation. Regardless of buying at support or breakout of formation scenario, Super group should be seeking an immediate resistance of 1.09. If the uptrend is a bullish one, 1.09 should break and the next resistance would be at 1.17 level.
In conclusion, Super group yet to show signs of its uptrend weakening or even changed, hence, further upside could be seen. Upside can be confirmed if a higher low is being formed at 1.02 or 0.955 – 0.98 level. One could either choose to wait for a bullish signal appearing at 0.955 – 0.98 support level or adopt breakout of bull flag with high volume.

What to watch out for this week:
1) Formation of a bullish signal at 1.02 or 0.955 – 0.98 support
2) Breakout of 1.05 (flag upper line) with volume more than 1.8mil

Trading strategy to adapt right now:
- Long when there is a formation of bullish signal
- Long when there is a breakout of bullish flag

*Disclaimer applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 0.835 (20ma close), 0.79 (100ma & 200ma close)

Resistance:0.87, 0.90

Observations
Candlestick – Small Black candle.
Histogram – 3Rs. No Bearish Divergence.
RSI – Around 68%. Not overbought. No Bearish Divergence.
Stochastic – No Bullish Crossover yet.
Bollinger Band – In between mid and upper band

Conclusion:
Biosensor has broke out of a very strong resistance at 0.835 last week and for the past few days, it had retraced closed to the breakout level. At the same time, it had formed a possible flag formation. Will Biosensor break out of the formation to seek a higher level this time round?
Biosensor’s trend is currently uptrend and it had just formed a higher high. Its strong support level current stands at 0.835 which could confluence with 20ma. This 0.835 support level could be where a higher low is being formed. But based on the indicators, it had yet to show a bullish sign. Hence, one should expect Biosensor to retest this 0.835 support level. But on the other hand, it is also forming a bull flag. To confirm the bull flag, Biosensor must break 0.855 level with high volume of more than 5.2 mil based on current level of the upper line. If that happens, Biosensor might be surge towards the immediate resistance of 0.87. As it is an uptrend, 0.87 might break and seek next resistance of 0.90.
However, if Biosensor fails to hold at 0.835 support level, Biosensor might seek the rest of the MA lines as support which still could form a higher low. But if all the MA lines also fails to hold, the last line of defence is 0.79 support level. And if 0.79 is being tested, Biosensor might not be uptrend anymore.
In conclusion, one can either wait for a bullish signal to form at 0.835 support level or look out for a breakout of flag formation with traded volume higher than 5.2 mil. And it is very important for Biosensor to hold above all the MA lines or else, Biosensor might not be uptrend anymore.

What to watch out for this week:
1) Formation of a bullish signal
2) Breakout of 0.855 (flag upper line) with volume more than 5.2mil

Trading strategy to adapt right now:
- Long when there is a formation of bullish signal
- Long when there is a breakout of bullish flag

*Disclaimer applies

Trend: Uptrend, 20ma up, MacD above 0

Support: 6.30 (20ma), 6.20 (50 & 100ma close)

Resistance:6.39 (200ma) 6.48, 6.62

Observations
Candlestick – Black candle.
Histogram – 4Rs. No Bearish Divergence.
RSI – Around 50%. Not overbought. No Bearish Divergence.
Stochastic – No Bullish Crossover yet.
Bollinger Band – At mid band.

Conclusion:
Wilmar had been one of the strongest commodities related counter listed in the market. But for the past few days numerous stocks in the commodities sectors rallied but Wilmar retraced instead. This is not the usual because Wilmar used to be the leader of this sector. Is Wilmar currently a laggard in this sector?
Wilmar’s trend is showing a clear uptrend as it had formed higher highs and higher lows. Based on the closing price, it is trading at support level of 6.30 which confluences with 20ma. But if this support level does not hold, the next stronger support is at 6.20 level where there is confluences of 50ma & possible 100ma. Based on the indicators, there is no sign of bullish signals yet and hence, there could be a chance that the support level of 6.30 might not hold.
If there is a bullish signal, Wilmar could rebound towards 6.48 as resistance. But before it can reach 6.48 level, one should take note that there is a 200ma at 6.39 level which could still resist Wilmar from going higher. Therefore, this 200ma line is an important line to breach before we could see upside towards 6.48 resistance or even 6.62 resistance level.
In conclusion, Wilmar is now trading in a very tight range bounded by the moving average lines. As it is an uptrend, it should be able to break the resistance level and head for a higher high. The key now is waiting for Wilmar to form a bullish signal and break 200ma before we can see further upside for Wilmar.

What to watch out for this week:
1) Formation of a bullish signal
2) Breaking of 6.39

Trading strategy to adapt right now:
- Long when there is a formation of bullish signal and 6.39 breaks

*Disclaimer applies