What’s your expectation? Moving north or south when the market opens on Monday.

In Technical Analysis, TA indicators will provide some information about the price action. Either the price action is at strong trend or there is already potential weakness.

To have some clue, I add CCI, Commodity Channel Index and set the parameter to 5. CCI has showed there is already a price action weakness. See chart.

Trade what you see, the indicator is just like traffic signal; provides you a warning that there is a potential that the price might be about to change direction.

Trade with caution!

It is fun to learn technical analysis, so you could understand what the chart is trying to tell you.

Have fun!

NOL Daily Chart with CCI

Neptune Orient Lines Daily with CCI

By Moses, February 5, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.

With the February 3, 2012 data loaded,we can see the price action is being resisted by the critical level.

So, is Neptune Orient Lines still forming an evening star? It is too early to jump into any conclusion. 

If you are not sure, stay aside!

Neptune Orient Lines Daily Chart

See the result of technical analysis. Have fun!

Moses, February 5, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.

One of the Singapore hottest traded stock. The price action has stayed around $0.730 and $0.745 for sometime. How long more the price action will remain at this level? One week? One month? Six months? Or even longer? Who’s know?

Our previous update has indicated Golden Agri has an inverted head and shoulders chart pattern. However, the price action has stayed at the neckline for sometime. So, what’s next? In TA the chart pattern will valid till when it fails. See the earlier posting for more information.

Golden Agri Resources Daily Chart

Golden Agri, E5H Daily Chart, January 30, 2012

Inverted Head and Shoulders Pattern.

January 14, 2012 posting for comment.  See the chart here for quick reference. Have fun!

Golden Agri E5H Daily Chart - Inverted Head and Shoulders, January 13, 2012

Moses, February 1, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.

Welcome to Moses’s Stock Scan Corner at AmiBrokerAcademy.com.  This is January 26, 2012 top 20 volume that have MACD bullish signal or bearish signal. The market benchmark, Straits Times Index closed at 2894.43 points, another 2.79 points higher than the last closed.

Technical Analysis

The index is one more small step nearer to 2900 level.  The index is now prepared to test 2900 level, the next neckline for the bigger double bottom. See my earlier posting predicting or analysis double double bottoms for the Straits Times Index, STI.

January 26, 2012 MACD Scan Results

Out of 20 stocks, 5 stocks have bullish MACD signal and 15 stocks have bearish MACD signal. These are script generated results.  Only the top 20 volume stocks are listed here.

By Moses, January 30, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.

Has Neptune Orient Lines completed the double bottom?

Moses’s Singapore Stock Analysis, Neptune Orient Lines, NOL Update, the NOL has clear the neckline of the double bottom. The price moved up quite strong. The market open at $ 1.225 and closed at $1.27. Unless the price action remain strong the keep pushing north. This may ended up a fail break out.

More ships is better?

From the market, NOL will build another 12 new container ships. In total, NOL will have 32 new container ships in the near future. Will this be timely, by then the gloomy global economy will be over. Who will know?

So, with more ships and loans to serve when there is more order booking of course all will be happy. However, if the economy remain gloomy and slow that will make everyone worry.

Technical Analysis

For technical analysis, you trade what you see and not what you think. Monitor the chart and trade with caution.

See the previous posting for more comment and analysis.

Neptune Orient Lines Daily Chart – January 13, 2012

Neptune Orient Line, NOL, N03 Daily Chart - Double Bottom Chart Pattern

Moses, January 15, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.

Singapore stock market benchmark, Straits Times Index, STI closed at 2747.13 points, rises further from the 2700 level. STI closed another 27.3 points higher than the last closed. Continue the rally.

Straits Times Index Daily Chart, for market ended January 11, 2012

Forming a Gartley AB = CD pattern? Break out from a triangle squeeze?

Straits Times Index, STI Daily Chart - January 11, 2012

By Moses

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Singapore stock market benchmark, Straits Times Index, STI closed at 2719.83 points, rises above the 2700 level. STI closed 28.55 points higher than the last closed. Continue the last week rally again.

Straits Times Index Daily Chart and Analysis

What is the Straits Times Index challenge for the next few days?

Straits Times Index, STI Daily Chart - January 9, 2012 and Gartley AB = CD

By Moses

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Last week Golden Agri Resources, stock code E5H stayed bullish for the whole week, riding the wave together with STI rally. The price action ended at $0.735. Monday, the price action get push further higher while the STI index was facing a deep. The high of the day was $0.75. It retest the February 7, 2011 high again. This is the high at $0.75 after eleven (11) months.

Yesterday, January 10 it continues to fight to retest $.745 again and again. It closed at $0.740 which $0.01 higher than Monday closed.

Golden Agri is fighting to break up the critical level at $0.74 and $0.75, if the price could close higher with strength. This will give a lot more space for this stock to retest last January high at $0.83 again.

What is the story the chart is trying to relate to us? We can see a bullish flag trend continuation pattern forming. Were December where the flag body; price consolidation accumulated enough energy for the outburst? Can this stock go rocket high? Who has a crystal ball that can gaze the outcome?

Now, many may say with the gloomy economy and the uncertainty of the global market it will be difficult for this to happen. However, do not forget the price action you see at the chart has already including all the trader’s psychology, emotions and fears.

But, the candlestick has no body is not a good sign. It is very risky with such candlesticks around. Really like to see a few solid big candlesticks around at the rally to support the push.

Monitor the stock and trade with caution. Happy trading.

Other post

Can Golden Agri, E5H Hold Up $0.75?

Stock Analysis – Golden Agri, E5H

Like what you read here. Thank you if you are the return visitor. Please come back often. Have fun!

Moses, January 10, 2012

Golden Agri, E5H Daily Chart - January 10, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.

Moses’s US Stock Analysis, HiSoft Technology, HSFT has bounced back up since December 28, 2011 at $9.06. Can this be the low and the start of the bull trend? Will see.

Analysis

The price action has crossed up the 20 days EMA, but the price action has closed below the 50 EMA. Can the price action cross up the 50 EMA? Who will know?

From a bigger picture, the price action has completed a Gartley AB=CD pattern. It is likely to continue with the Bullish Gartley pattern. But wait, this is only valid when the pattern complete. Don’t forget, in the last analysis, the retest fail. In TA, the analysis is correct till it is proven wrong! Please trade with caution!

Will the break down at $10.58 become a bigger bear trap? Will see.

MACD bullish pattern, MACD crosses up MACD signal line, MACD histogram is above zero line.

What’s your trading plan (for HSFT)?

Would you fly an airplane without instruments? Of course you say you will not. Trading without a plan is just like fly an airplane without instruments. But how many of you trade with a plan. To know when to enter, when to exit and how long you will trade. You can have a one week plan, or a six months plan. As long as you plan.

Next is can you trade with your plan.

Trading is different from investment. Trading is through buy and sell to gain profit. Investment is different from trading. Investment is you park your money and expect it to grow. Unfortunately many is confused between the two.

Technical Analysis is a tool you analyze the history data to understand the trend, thereafter you make a trading plan. It does not matter the market is in bullish or bearish. You will still able to find an entry and exit point.

The market is always moving up and down. Or the market is always moved in a zigzag manner. As there is always buyers and sellers. When the supply is strong the price will fall, when the supply is weak the price will raise.

HiSoft Technology, HSFT Daily Chart Close up View

HiSoft Technology Daily Chart Closeup View, January 6, 2012

HiSoft Technology, HSFT Daily Chart

Completed Gartley AB = CD pattern. Is it forming a bullish Gartley pattern? Will see.

HiSoft Technology, HSFT Daily Chart, January 6, 2012, Gartley AB=CD

Other related post

US Stocks Analysis – HSFT December 11, 2011

Disclaimer

The above result is for education purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stock of such is mentioned, they are meant as demonstration of Amibroker as a powerful charting software, what Technical Analysis is, some indicators such as MACD, Support and Resistance, and Moving Averages.  

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

Golden Agri Resources Ltd, listed in Singapore Stock Exchange, SGX, stock code, E5H is the world’s second-largest palm oil planter. The latest news said that output will increase as plantations are expanded in Indonesia and new trees mature. This is the fundamental.

From the chart and price action, the technical analysis is seeing a ‘big’ bullish flag. There were a few small bullish flags that formed the pole. There was sideways to consolidate for sometimes, that formed the flag like. Now the price is broken the resisted trendline. Can the momentum hold and truly break higher? Will see.

But, to complete the bullish flag pattern that the break up to be equal to the pole height or slightly shorter may take a few years. Base on the duration that completed the pole. Are you trader or investor? Can you hold for that long even if the break up is a very steep one? Manage your risk.

What is Bullish Flag Pattern? See the inserted picture on the E5H weekly chart for the pattern.

The rules are,

1)      The requirement is steep rise in price formed a “Pole” followed by a consolidation that formed “Flag” or “Pennant”.

2)      The psychology is “Flag” or “Pennant” shows a temporary disruption to underlying uptrend.

3)      Additional consideration such as falling volume in a “Flag” or “Pennant”, and Price close above resistance with increase in volume.

Trade what you see and not what you think.

Singapore based Golden Agri, E5H Weekly Stock Chart

Golden Agri, E5H Weekly Chart

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.