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 am looking at the palm oil stocks now....Golden Agri resources and Wilmar ....both looks like bottoming. if u study, the other palm oil stocks have also stopped dropping....

Wilmar has daily share buy back at $3.00 and a Director has bought 2,000,000 shares at $3.18 recently.

BTW crude palm oil(CPO) has rebounded from the october lows...and seasonally CPO prices tend to rise from  Oct to Dec..due to the many festive seasons.

http://www.palmoilhq.com/crude-palm-oil-cpo-futures/

Noble is forming a nice uptrend, supported by the 20 dMA.

YZJ and Cosco should benefit from China Trillion yuan infrastracture stimulus package....both are near the previous low...COSCO $0.87..YZJ $0.91....with the good news from NOL....might stir interests in other shipping stocks.

market rebounded today!!! i re-enter several positions i reduced earlier.(Noble, NOL, YZJ, Genting)...you must be viligent and alert to sudden changes in the market....which is why i will not tell u what to do....i simply can't make that decision for u....it is yours to make....this is how i learn...and this is how u learn too..don't ever wait for me to tell u what i did....it is probably too late...

have u bought silver or gold? silver went up 8%! since i mentioned it.

better wait for the coast to clear before entering....i see most of the stocks at the support levels though.

The STI has broken the 20 dMA at 3013...let's see if the 50 dMA holds at around 2950. It either rebound or crash through and it will be downtrend....!!! Do note that the value of the moving averages 20/50/200 can be different for different charting softwares and duration ,6 months, 1 year, 2 years,...i am using Philip Poems chart....so the value is agar agar one....

Yangzijiang looks like going to break 50 dMA after crossing the 20 dMA.
it has been consolidating below the MA and refuse to go lower. Notice the higher volume in the last few days compared to the last rally in July which failed to break thru the 50 dMA.