Michael's Stocks

china hongx n Jiutian up already

2010-01-08T23:47:00.004+08:00

Yes, Finally China hong x up already since my last post in dec 2009.

Juitian response up faster than my espect. cheers

Jiutian uptrend

2010-01-06T07:16:00.004+08:00

Yesterday we saw Aus Gp went up to 0.73 after my posting.
Today i se Jiutian could be next potential one to go up soon.
Good Luck !

aus group uptrend

2010-01-04T19:40:00.003+08:00

I am happy to se that most of the counters that i studied last month (Dec 2009) had gone up. Such as NOL, creative,ho bee, swiber, tathong & yongnam. In fact some had went up alot.
Today i se aus gp also breakout. Let se how it perform.
Good Luck !

nol up in year-end 2009

2009-12-31T12:33:00.005+08:00

As stated in my previous post dated Dec 26, this counter shall up and now at 1.66.
Many counters has been performed well in the past 2 weeks due to yearend dressing.
Today mark the last day for year 2009.

yongnam breakout

2009-12-30T16:22:00.002+08:00

yongnam today breakout 0.27. The next higher targer shall be 0.31 already. Happy New Year !!

2009 Year-end dressing

2009-12-29T14:46:00.004+08:00

Happy new year 2010 is coming soon !
We are now at 2009 year end dressing.
Most of the counters i recommended recently in my previous posts such as creative, swiber, hobee, nol has gone up strongly. I believe tat hong, china hong x or jade shall joint in the uptrend soon.

Once again Happy New Year 2010 & Good Health.

Jade might go uptrend soon

2009-12-28T12:18:00.006+08:00

Jade had been down to its lower level since june this year. High chance to hit 0.025 in near term. Once activated, the next higher target shall be at 0.06.

NOL go uptrend in near term

2009-12-26T17:53:00.004+08:00

This counter has been in its downtrend since sept, i think now it is time to take a look about its uptrend performance.

Creative Technology breakout today

2009-12-24T19:05:00.003+08:00

See, i knew it will up ! Cheers (Pls refer to my yesterday post)

Creative Technology may breakout

2009-12-23T20:25:00.004+08:00

Its touching 6.15 today with MACD upwards. Pushing up a bit more can cause breakout.
Merry Christmas

tat hong & china hong x break out

2009-12-22T09:37:00.003+08:00

Watch out of this 2 counters, they are under breakout already.

Ho Bee & Swiber

2009-12-21T21:24:00.004+08:00

Both counters has been up recently. refer to my previous post of Dec 4 & 10.

Cheers

Swiber

2009-12-10T19:49:00.002+08:00

Swiber has formed a bullish symmetrical triangle. The next higher reistance to break will be 1.04

Ho Bee

2009-12-04T11:03:00.003+08:00

Ho Bee has recently break its symmetrical triangle and moved uptrend. The next higher resistance to break will be 1.6

STI is in christmas mood

2009-12-03T14:17:00.006+08:00

It been a while since august, the stubbon index has been in a slight up trend channel while its RSI continue to show bearish divergence.
Is year end christmas mood men, who got the time to talk about stock. At the moment shopping & buying christmas gift is the most enjoyable event in the month of december.
Wish all of you a merry christmas and happy new year.

STI Move up but weak volume

2009-11-19T20:13:00.007+08:00

i mentioned a few times in my early post dated 29, 26, & 15 in Oct to patiently wait & see its trend direction. i had even mentioned that i prefer the sti to break 2745 and i lack of confident that sti can move uptrend. Above chart show everything about my thought, it break 2745 and volume continue to be weak. So far only bank counter which listed under sti component had performed well and at it peak now. Better watch out !!
Non sti component counters so far are not performed well, indeed many of them their RSI indicators are weak.

If nothing worth trying, then i think it is better to do nothing.

Cheers

Creative Technology Long Term Uptrend

2009-11-10T10:57:00.005+08:00

This counter has been inactive for about 3 months. And it was slowly & steady formed a symmetrical triangle. When it come to the critical end point, the next target for them to break out is at the nearest resistance level of 6.15.

dow is in 38.2% Fibo Retracement down turn

2009-11-02T19:15:00.012+08:00

dow has finally broken down its rising wedge formation last week. Currently i think it has completed the elliott wave 5 since March this year. In order for the equity market to start the next cycle of bull run, we expected a 38.2% fibo retracement from its recent peak as to go in line with the elliott wave theory.
If this is the case then most of the Asia's major index shall follow this down turn soon.

updating of current market status

2009-10-29T10:35:00.005+08:00

If you can recall my early post on Oct 20, i said tt DOW is in Bearish rising wedge formation. And exactly on that day onwards it start to fall until now. And it was also follow by the major asia market index to be fall from their overbought situation. In another words our STI also cannot be avoided
Eventhough i am very much to prefer STI to break the stubbon 2745 level that time, however in my post dated 26 Oct, i still cautiously to choose a wait strategy. I have no confident that STI can run out of its danger stage that moment if others index are all having down turn sign. I was right that moment in my decision.
At least we have a better picture now than before and most of the indexes are in their down turn movement. So in the full process of playing with the equity market game, one learnt that the important of "PATIENT".
Will be continue to update u again should any big move is arised base on my TA study.

good day !

STI movement

2009-10-26T08:13:00.002+08:00

My early post dated Oct 15 had mentioned that STI need time to firm up its next direction move. True enough from my opinion and we ready have waited for a week.
In fact if we look at DOW, NASDAQ or S&P, they are in down turn position. And even asia market index such as Hang Seng, Nikkei or Shanghai EX are in their overbought situation.
But somehow i hve feeling sti may want to react differently. Their strong resistance at 2745 and they want to break it. But before anything can be happened, my strategy still wait. I position that sti now still have not out of the danger stage yet espically other major index may go down move.

Cheers

Yanlord update

2009-10-23T23:43:00.002+08:00

I am right on my TA of my post dated Oct 21 regarding Yanlord shall move uptrend. But i did not expect that it went up so quick as i though it may take time to achieve it next week. i believe the uptrend shall intact and their next target will be 2.7 first this time.

Cheers

yanlord move uptrend

2009-10-21T17:26:00.001+08:00

Yanlord had break 2.4 & closed 2.43. The next strong resistant is 2.48 - 2.49. Once break it will continue to chanllange august highest 2.89 & it is achiveable.

Basically the indicators of MACD n RSI both show sign of return uptrend with a reasonable good vol. Furthermore the price shall also go beyond 50 days MA that is another plus point.

Cheers

Venture - Cup and Handle Pattern

2009-10-21T15:11:00.002+08:00

In my early post dated Oct 13, i mentioned that the venture will challange 9.55. Once break out it will then test 10 again. Till now 3pm it has finally reach above 9.55.
From the chart above, it shows that if it continue to move uptrend at 10, then a nice cup and handle shall form. This pattern has started since last year august.

All the best, venture !!

DOW is in Bearish rising wedge formation

2009-10-20T09:05:00.003+08:00

In my previous post dated Oct 15 i mentioned that DOW had not much room of uptrend.

As from the above chart we can see it forms the bearish rising wedge formation in 3 months time. This is somehow not a very good pattern we are expecting for.

What is Bearish rising wedge formation ?

First of all, a wedge formation is similar to a symmetrical triangle in appearance, in that they have converging trendlines that come together at an apex. However, wedges are distinguished by a noticeable slant, either to the upside or to the downside.
In our case of rising wedge is considered bearish.
So be alert in our local market that may cause big fall should Dow happened to be a trend reversal.
Cheers !

Market is back in active now !

2009-10-15T08:05:00.006+08:00

As i had stated in my previous post dated Oct 13 that venture is in its uptrend move this few days and we set a target breakout at 9.55. Till yesterday it show to me everything is in order. We are almost touching the level....Keep it up venture !

As for sti, finally the long winded index has reached 2700 again. This is still not a good moment to celebrate the next up trend move yet. As i se we will still need a strong break out signal to push it up firmly. Orelse the pattern may turn into trible top and it is not good at all. My strategy is to be more patient this moment, i understand a wrong direction move can cause big trouble. Well lets patiently wait for another 1 to 2 days to confirm the trend.

In my early post dated Oct 10 i had stated dow will reach 10000 in few days time & it does happen.What next ? It may go up further but not much room already.

Cheers