TRADE WITH ME AT I*TRADE@CIMB

November 1, 2010 Leave a comment

Superbannerv1

‘It never hurts for you as a customer to open more than one trading platform from another broker house, SINCE IT IS FREE!’

Do you know you can open as many trading account as you want? You will only start paying the fees and charges when you start trading, if not it will always be maintenance free.

Why do I emphaise the importance of opening account?

As a trader you want to maximize your benefit through the broking house i.e. what the broker house can offer you that others couldn’t, or maybe the broker gives a better guidance for your investment plan.

Now what benefits can my company provide you when you trade with us online that others can or cannot provide you with?

The following services are provided as follows:

Read more…

Straits Times Index: Possible Double Top Forming? [Technical; Double Top]

July 18, 2012 Leave a comment

Straits Times Weekly

The double-top pattern is found at the peaks of an upward trend and is a clear signal that the preceding upward trend is weakening and that buyers are losing interest. Upon completion of this pattern, the trend is considered to be reversed and the security is expected to move lower.

Read more: http://www.investopedia.com/university/charts/charts4.asp#ixzz20w2vNP1x

 

Immediate Support: 2,905

Immediate Resistance: 3,030

 

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SingTel (Z74): Trading Range Bound [Technical; Price Channel]

May 31, 2012 Leave a comment

SingTel

A trading strategy that identifies stocks trading in channels. By finding major support and resistance levels with technical analysis, a trend trader buys stocks at the lower level of support (bottom of the channel) and sells them near resistance (top of the channel).

 

Immediate Support: $3.03

Immediate Resistance: $3.26

 

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Categories: SingTel (Z74) Tags:

Straits Times Index: Breakdown from Rectangle Consolidation [Technical; Breakdown]

May 14, 2012 Leave a comment

Straits Times

Rectangles represent a trading range that pits the bulls against the bears. As the price nears support, buyers step in and push the price higher. As the price nears resistance, bears take over and force the price lower. Nimble traders sometimes play these bounces by buying near support and selling near resistance. One group (bulls or bears) will exhaust itself and a winner will emerge when there is a breakout.

 

Immediate Support: 2,790

Immediate Resistance: 2,905

 

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Wilmar (F34): 1Q12 Profit Below Expectations [Technical; Price Channel]

May 11, 2012 Leave a comment

Wilmar

Losses in Oilseeds & Grains M&P segment was the main
reason for underperformance. An expected sequential
improvement in crushing margins in China proved
unfounded. Poor timing of purchases (i.e. losses in net short
positions) and weak Chinese crush caused the segment to
record a pretax loss of US$52.5m. Results were also
impacted by higher tax rate of 29% up from 16% in 1Q11
due to a greater contribution from higher tax jurisdictions –
despite a 23% fall in group pretax profit. Offsetting this was
stronger Palm & Lauric M&P, which saw a 53% y-o-y
increase in pretax profit to US$234.9m thanks to a higher
Indonesian contribution.

 

Immediate Support: $4.00

Immediate Resistance: $4.45

 

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Global Logistic Prop Ltd (MC0): Double Top Reversal [Technical; Break Down]

April 23, 2012 Leave a comment

GLOBAL LOGISTIC PROP LIMITED

As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between.

Although there can be variations, the classic Double Top Reversal marks at least an intermediate change, if not long-term change, in trend from bullish to bearish. Many potential Double Top Reversals can form along the way up, but until key support is broken, a reversal cannot be confirmed.

 

Immediate Support: $2.02

Immediate Resistance: $2.22

 

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DBS (D05): Acquistion of Bank Danamon [Technical; Price Channel]

April 4, 2012 Leave a comment

DBS

Channels
A channel, or channel lines, is the addition of two parallel trendlines that act as strong areas of support and resistance. The upper trendline connects a series of highs, while the lower trendline connects a series of lows. A channel can slope upward, downward or sideways but, regardless of the direction, the interpretation remains the same. Traders will expect a given security to trade between the two levels of support and resistance until it breaks beyond one of the levels, in which case traders can expect a sharp move in the direction of the break. Along with clearly displaying the trend, channels are mainly used to illustrate important areas of support and resistance.

 

Major Support: $13.90 (Broken)

Immediate Support: $12.95

Immediate Resistance: $13.90

 

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Categories: DBS (D05) Tags:

Genting SP (G13): Pending Breakout from Rectangle Consolidation [Technical; Breakout]

March 26, 2012 Leave a comment

Genting SP

Rectangles represent a trading range that pits the bulls against the bears. As the price nears support, buyers step in and push the price higher. As the price nears resistance, bears take over and force the price lower. Nimble traders sometimes play these bounces by buying near support and selling near resistance. One group (bulls or bears) will exhaust itself and a winner will emerge when there is a breakout.

 

Immediate Support: 1.705

Immediate Resistance: 1.785

 

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