How to make money in stock market

Yanlord day 5

2010-10-16T23:50:00.004+08:00

This is daily chart of yanlord. On 11th October yanlord hit a low of 1.63, about 109 day later from 7th May bottom, with a double bottom. Back in mid-September, yanlord 100ma failed to support 1.77 level and price went down all the way to 1.63 low on 11th October before rebounding...

Yanlord day 10

2010-09-15T12:32:00.003+08:00

Yanlord day 4

2010-09-04T13:26:00.006+08:00

This is daily chart of Yanlord. On 31th August Tuesday, 44 days later after 30th June bottom, yanlord hit a low of 1.74 and started to go up. It is about 81 days from 7th May bottom when a higher low made on 31th August...

Noble day 15

2010-09-02T21:10:00.005+08:00

This is daily chart of Noble. As expected in the previous post, noble has been trading between 1.68 and 1.54. On 27th August, 11 days later from 13th August bottom, noble has done its backtest and continue to challenge next resistance...

NOL day 6

2010-09-01T20:23:00.004+08:00

This is daily chart of NOL. As expected on the previous post, NOL is having a difficult times with 1.92 support. On 25th August, NOL hit a low of 1.89, about 65 days later from the May bottom. NOL needs to clear several resistance before any significant rally can start. Which way will NOL move in September?

Noble

2010-08-22T13:06:00.000+08:00

This is daily chart of noble. On 17th August, 3 days after 13th August 1.54 low, noble sucessfully broke up the downtrending channel. It is about 61 days from 21th May bottom when the break up happened. Noble got to stay above 1.68 to keep the bullish momentum sustainable. It is important that Noble hold the 1.54 support on any pullback, otherwise lower low can be seen months ahead...

NOL day 7

2010-08-21T01:45:00.011+08:00

This is daily chart of NOL. NOL has been trading in a tight range between 1.99 and 1.92 for 7 days since it bottomed on 12th August. On 10th August NOL broke down back to the resistance line and until today any attempts to overcome this resistance line has failed. Will NOL break down 1.92 next week?

Swiber

2010-08-14T12:01:00.011+08:00

This is daily chart of swiber. It tried to break up the support-turned-resistance line on 21th June and 26th July but failed as higher price is rejected by the cyclical resistance. On 12th August, swiber dropped to 0.99 just at 50 day moving average after 26 days from early july low. Can swiber be supported by the 50 day moving average?

What happened to NOL?

2010-08-12T22:04:00.007+08:00

This is daily chart of NOL. NOL has been going up from May bottom for about 52 day to 2.16 high on 6th August. Since then NOL dropped all the way to 1.92 low today and about 27 day from last low on 5th July. This 1.92 is an important support and also a fibo support, Will NOL break down soon? On 25th May and 5th July, NOL was supported by my indicator(Not shown)and started to go up...

STI Update

2010-08-11T10:46:00.004+08:00

This is daily chart of Strait Times index. As you can see from the chart, STI is trading in the uptrending channel. As long as STI does not break down from this uptrend channel, the bullish uptrend is still intact...

statschippac's downtrend continues...

2006-12-31T17:41:00.000+08:00

This is daily chart of statschippac. As we can see, a downtrend channel is forcing statschippac to go down since the bearish divergence formed. As expected in the previous post, the bearish divergence has brought statschippac down from high of 1.33 to friday 29 dec's closing of 1.17. Statschippac is at the downtrend channel resistance line on dec 29 and it could go down next week as we can see from the chart above. Statschippac have to break up from the downtrend channel to see its price move up again...

CG Tech break down again...

2006-12-11T21:36:00.000+08:00

This is daily chart of CG Tech. As expected in the previous post, CG Tech is in a bearish phase and Bull is not yet able to fight against the Bear. CG tech share price have broken down 14, 20 and 50ma, this is bearish for CG tech and the Head & Shoulder pattern is a warning that the share price could go down...

statschippac's bearish divergence...

2006-11-29T22:02:00.000+08:00

This is daily chart of statschippac. As we can see, a bearish divergence is forming and statschippac could have a correction in the next few days. Statschippac has been rising strongly in the past few days and a correction is needed for it to advance in year 2007... What goes up, have to come down...

STI in danger...

2006-11-26T19:19:00.000+08:00

This is daily chart of straits times index. As we can see, the sti hit the upper end of the uptrend channel on Nov 23 and gap down the next trading day. This is bearish for STI as sti could correct to as low as around 2700 if the 'red line' support is broken. STI have enjoyed a 6 month rally and make new high day after day since the May selldown, a correction is needed for sti to have some rest and prepare for the new year rally... history repeat itself...

CG Tech's Head & Shoulder?

2006-11-20T22:41:00.000+08:00

As expected in the previous post, CG tech follows the direction of the divergence all the way down. Its price hit a low of 40 cents today and then rebounded from there as exactly the 50 day moving average. From the chart above, we can see a potential Head & Shoulder is forming. If CG tech is not able to break the H & S pattern, it is a bad sign...

statschippac on fire...

2006-11-20T21:54:00.000+08:00

Statschippac rose strongly 3 days in a row from 97 cents to 1.14 after weeks of consolidation between 0.96 and $1. What a bull market for statschippac! However, a gap at around 1.06 could force its price to come down trying to close the gap for the next few days and technical indicators also show that statschippac could pull back to correct the overbought. As I mentioned in the previous post, year end is bullish for tech stocks and from the fundamental we know that tech will be doing well in 1st half of 2007...history repeat itself...

statschippac on the rise...

2006-11-08T22:08:00.000+08:00

Statschippac is rising steadily within the uptrend channel and its price is above 14,50 and 100 ma. These are bullish sign for statschippac to move up further. Also, money is flowing in as shown in the chart. As tech stock tend to rally at year end, we can park our money in tech stock for this rally.... history repeat itself...

CG Tech break down...

2006-11-08T21:33:00.000+08:00

CG Tech broke down the uptrend channel today as shown in the daily chart. As expected in the previous post, CG Tech bearish divergence shows that price rally cannot be sustained and price tend to correct in the direction of the divergence. A potential resistance as shown could prevent CG Tech to move up unless it break up the resistance...

UTAC to rise?

2006-11-05T21:24:00.000+08:00

UTAC is hovering around at wave 2 support of 0.70 as shown in the chart above. In the previous post, I have mentioned UTAC 0.70 support must hold in order to see more price upside. UTAC will rise again if rebound from 0.70, and if UTAC do rebound from 0.70, the next target price is...

CG Tech's bearish divergence...

2006-10-22T21:51:00.000+08:00

CG tech recent run-up cannot be sustained as technical indicator is showing a bearish divergence. CCI is pointing down, and money flow indicator shows that money is pulling out of CG tech. On the other hand, stochastic and RSI are in the overbought region, they are due for pointing down in the near future...

statschippac is rising...

2006-10-14T16:09:00.000+08:00

statschippac break up from the short-term downtrend channel on oct 11 and it is on its way up. As expected in the previous post, statschippac hold the wave 2 support and rebounded. As we can see from the chart, technical indicator are all pointing up and from elliot wave count it could be in wave 3. Enjoy the ride...

SPC the abandoned black gold...

2006-10-08T18:01:00.000+08:00

SPC has been keeping on dropping since mid-May from a high of around $6 to Oct 6 closing of 4.72. As the oil bubble burst, SPC of which is oil-related stock cannot avoid the selling. From the chart, we can see that SPC is in a downtrend channel and has not been able to break up from it. As the oil monies move away and go to other sector, will SPC has another day of glory?

CG Tech to pullback?

2006-10-08T16:30:00.000+08:00

This is daily chart of CG Tech. As we can see from the chart, CG Tech is at the upper end of the uptrend channel and all the technical indicator CCI, stochastic and RSI are in overbought region. A pullback could bring CG Tech down to the lower end of the uptrend channel if it not able to break up from the channel next week...

where is UTAC heading?

2006-10-08T11:00:00.000+08:00

UTAC is in a downtrend channel and has not been able to break up from it. The resistance for utac is its downtrend channel and 20 day ma right now. IT has to break up from the resistance to see more price upside. If utac is not able to break up from its resistance next week, the support could be at wave 2 of around 70 cents. If 70 cents hold, then.....

sarin the beaten stock...

2006-10-08T10:03:00.000+08:00

This is daily chart of Sarin Technologies. As we can see from the chart, sarin is in a downtrend channel. it has to break up from this downtrend channel to have more price upside. The immediate resistance for sarin is its downtrend channel and 20 day ma at around 53 cents. From the indicator, CCI, stochastic and RSI are in oversold region and pointing up. The changes of sarin breaking up from the resistance is high. If sarin does break up, the next resistance is.....

Chartered in wave 3 soon ?

2006-10-03T23:43:00.000+08:00

This is daily chart of Chartered. As we can see, chartered could be doing a wave 2 down. The support for w2 is around 1.13 and if 1.13 hold, we could see chartered riding the w3 up. On the other hand, technical indicator CCI, stochastic and RSI are in oversold region. The chances of 1.13 support being hold is high...

statschippac update...

2006-10-03T17:33:00.000+08:00

Statschippac has been in wave 4 for couples of weeks and it is trending sideway between 0.96 to 1.04. But unfortunately, wave 4 support of 0.96 is broken today. As wave 4 support is broken, we are no longer in wave 4. Statschippac could be in wave 2 now and is heading towards .618 correction at 0.92... Wave 4 to wave 5 trade is dangerous as when wave 4 support is broken, W4 will become W2, and W2 correct more than W4. We have to monitor closely when trading W4 and get ready to cut loss when W4 support is broken...

Biosensor update...

2006-09-15T02:12:00.000+08:00

Biosensor opens with a big gap up today and test the triangle 0.95 resistance. (In the previous biosensor post, I had mentioned that Biosensor is forming a triangle). IT hits a intraday high of 0.955 but fail to close above 0.95. As Biosensor need to break up from the triangle to see more price upside, today closing of 0.935 is bearish and it is a doji . there could be a pullback from 0.95 if biosensor not able to break up from the triangle for the next couples of days...

Statschippac in wave 5 ?

2006-09-13T22:36:00.000+08:00

Statschippac closed higher at 1.03 today as overnight Nasdaq closed up strongly. From the daily chart, we can see that statschippac could be breaking up from wave 4 triangle and enter wave 5 up. As wave 3 brought statschippac from 0.87 to 1.05 three weeks ago and then enter wave 4 for about 3 weeks, It is likely that statschippac is ready for wave 5 as the charting shows. If my wave count is correct, wave 5 target is....

The Sep 4 aftermath of biosensor...

2006-09-07T21:47:00.000+08:00

The biosensor fierce Sep 4 selldown forms a wider triangle as shown in the daily chart above. IT will be trading in between the triangle until a break up from the triangle at around 0.95. If biosensor not able to break up strongly from the 0.95 triangle resistance, a pullback could hold it in the triangle provided that triangle support must hold and not be broken...

Biosensor to break up from triangle?

2006-08-29T22:23:00.000+08:00

Biosensor is on the brink to break up from the triangle. IT has to break up 0.95 resistance to see more price upside...

Ausgroup=ascending triangle?

2006-08-21T21:38:00.000+08:00

this is weekly chart of Ausgroup. As we can see from the weekly chart, Ausgroup could be forming an ascending triangle. the resistance is around 0.39 and it have to break up with high volume in order to see more price upside. there could be a pullback when it hits the resistance at around 0.39. Ausgroup closed 0.36 today...

where is SPC heading?

2006-08-13T23:01:00.000+08:00

SPC share price closed at $5.10 on 11 Aug 06. IT has not yet able to break up from the downtrend upper channel. IT has to break up from the downtrend channel until we can see futher price upside. From technical indicator we can see that CCI is nearing overbought region. As for Stochastics and RSI, there are still pointing up. A black long candle on 10 Aug 06 shows that BEAR could be in control next week. Will SPC break up from downtrend channel or pulling back from downtrend channel? The conflict between Israel and Lebanon could end on Monday, will ceasefire have any impact on SPC share price?

statschippac to rise?

2006-08-10T21:33:00.000+08:00

statschippac hit a low of 84cents on 24 jul. i believe 84 cents could be the bottom for statschippac. it must break 14MA resistance and downtrend channel before we can see its price moving up. the risk of its price making new low is very small as technical indicator CCI, stochastic,RSI is pointing up. From elliot wave analysis we can see that wave 1 could be 0.915. if wave 1 count is correct, then .618 corrective wave 2 could be 0.87. we can enter LONG at around 0.87 and ride wave 3 up...

history repeat itself?

2006-08-09T21:44:00.000+08:00

The US federal reserve hold rates unchanged at 5.25% on 8 Aug 2006. The FED pause rates after raising short term interest rates for 17 consecutive times. As we look back in history, stocks, gold, real estate and about everything else suffered a couple of months before the last of the FOMC increases. Then about weeks before the last increase, the market sniffed the end. The markets began to move. This times around, will the stock market repeat history? From the point of Technical Analysis, technical indicator are showing that the chances of stock market moving up is high, it is time for us to buy the BULL...