hmmm....do note that the cut loss of Wilmar is $3.60....if it falls below $3.60 and can't get back up, it will go down. be cautious as it seems unable to break above 3.74( resisted 2 times)

On the other hand, Yangzijiang is breaking up(with above daily average vol) above 98 cts which is the 50 days moving average...if it stays above it, likely we will see a rally.

 

Shorting targets: Sembawang Corp and Sembawang Marine just dropped sharply (with substantial vol) below their 20 and 50 days moving averages after announcing the 4th quarter and full year financial results. Seems like the uptrend has ended and downtrend began, if it fails to rebound back...based on its historical movement likely it will fall further.

 

 

 

Sembawang corp

 

 

Sembawang marine.

 Notice that the same pattern occurred during last November(after the previous quarter announcement of financial results).

Reminder: Take action(buy or sell) only after the signal appears, Do not try to predict the top or bottom which is stressful and risky....u might make abit less $$$ but, u will be more confident to take a bigger stake.

 

 

i still favour Wilmar...it is now sitting on(means : the current price is just above ) the 20 days moving average at $3.60....after it went up to $3.93......the last quarter result will be announced this Fri which just might provide the catalyst for it to rally....good luck! $4.20 is the 200 days moving average which i think it will attempt to reach for it....if it can cross it convincingly, likely it will move towards $6.00.

Also watch Genting(recently hit $1.63!...it was only $1.30 when i mentioned it here) and NOL, their results will also be announced this week.

The STI index and other world indices have rallied substantially since Dec..hence the downside risks (a correction might be not far away) are getting higher now although the economic conditions have improved. Do exercise caution)