STI now at the top of a consolidation range

by Karen Loh on 30/01/2012

The Straits Times Index (STI) has begun the year on a solid footing gaining 258 points from the low of 2658. It recently closed at 2916 on Friday 27th Jan 2012. Let’s attempt to form a short-term technical outlook in this article.

On the weekly chart below, we first marked [Read More…]

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Sembcorp Industries – a potential play of price levels

by Karen Loh on 16/01/2012

2012 has begun on a bullish note with most STI component stocks making gains thus far.  The key question on investors’ minds is whether this is a good time to pile up on equities buys, given the prevailing macro-economic uncertainties.  Using technical analysis, we can look for signs of a [Read More…]

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Axis-Reit flies high; 52-week high and volume are key

December 14, 2011

Despite bearishness in global equity markets, Axis-Reit shows little sign of changing its bullish ascent. It has climbed strongly from the low of 0.995 traded in December 2008 and has beat the previous high of 2.30 set in August 2007. The latter was a record high until October last year.

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HongKong Land – where pattern meets resistance

December 11, 2011

In nature, we can see many awe-inspiring patterns from the zebra’s body prints to the sunflower’s spiral petals.  In charts which portray human behaviour driving price movements, this is no exception.  The use of chart patterns to uncover likely price directions is a valuable skill that sets the professionals apart

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Jardine Cycle & Carriage outperforms; cup and handle?

December 10, 2011

Against the down trend in the Straits Times Index, Jardine Cycle & Carriage is trading at its 52-week high. And mind you, we have never seen this price level before in the past. Moving averages are upward pointing with no evidence of converging. This is a good technical sign since

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Starhub bulwark for long term investors; failure at 52-week high may put bulls on defensive

November 26, 2011

Starhub bucks the trend by sticking close to 52-week high despite the Straits Times Index is in bear territory (see my story ‘Indices reveal bearishness to continue’). This puts the company among the diminishing minority. Bulls have been attacking the 52-week high. This is shown by the pink

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Singapore banks – the strong vs the weak

November 21, 2011

In a recent bus ad, OCBC featured itself as “the world’s strongest bank”. On the technical level, let’s see how it fares versus the two other Big Boys. DBS, UOB and OCBC are lined up in the daily charts below for relative comparisons. Moving in tandem with the broad market,

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Are Dow technicals doing a 2007 re-run?

November 19, 2011

History has a strange way of repeating itself. To cap that, it happens when you least expect it. For the past 4 weeks, I have been looking at the chart of the Dow Jones Industrial Average. The more I look the more convinced I am that there is a strong

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Aeon Credit trends; no reversal visible

November 16, 2011

Aeon Credit displays technical signs of continual bullishness. It is trading above 52-week highs achieved in June this year and is also above its historical high of RM 4.84. This is a 4-year old level. Until a significant bearish reversal pattern appears, the uptrend looks well entrenched. Its weekly chart

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Genting Singapore faces overhanging resistance

November 6, 2011

One of the most important pillars of technical analysis is the Support and Resistance (S&R) concept. Like nature’s laws that hold the earth in its regular orbit, the S&R principles help account for price movement resulting from the actions of buyers and sellers. To illustrate this concept, let’s look at

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