Wilmar International 4Q results were weaker than expected, hit by a tough operating environment for its oilseed-processing business in China and weaker global refining margins.

Price plunge down 9%-10% yesterday, hitting a low of $5.17 before closing at $5.22. coupled with high volume indicates that selling pressure was strong and many has chosen to cut lost.

Technically price has broken down from its main uptrend channel, thus turning its support into resistance now.

My advice to investors are to adopt a wait and see as price are not stabilizing yet.

Immediate Support: $5.000

Immediate Resistance: $5.250 – $5.350

Since my last update on Singapore Straits Times Index Market rallied 2 months thanks to the bailout package for Greece. I believe a lot of investors has made some handsome profits throughout this period.

Technically STI has broken up and is on the up trend, but charts will never move in a straight line. With STI broke through 3,000 mark, this level will act as a psychological support for the Market.

As drawn on my chart, recently there are signs of volume thinning down as STI moving upwards. If volume is low means the price movement is weak and will likely reverse. In a Bull Market any retracement will be minimal and will act as a buying opportunity.

Immediate Support: 3,000

Immediate Resistance: 3,040

NOL current entering a major resistance and should be careful on their stock price. Should consider taking some profits off the Market.

Immediate Resistance: $1.350 – $1.380

Profits since last Post: 13.9%

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.

Breakout Buy: $0.730

Immediate Support: $0.690

Immediate Resistance: $0.785

Range: $0.055, 7.5%

Ezra Holdings current entering a major resistance and should be careful on their stock price. Should consider taking some profits off the Market.

Immediate Resistance: $1.000 – $1.040

Profits since last Post: 12% – 19%

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Breakout Buy: $1.580

Immediate Support: $1.500

Immediate Resistance: $1.650

2nd Resistance: $1.750

Range: $0.17, 10.8%

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Immediate Support: $0.400

Immediate Resistance: $0.500

Range: $0.100, 25.0%

Market continues to be trading on thin volume, unexpected in the first week of 2012 eventhough indexes has been edging up on the daily basis.

With Euro falling back to one year’s low, investors continues to stay sideline, watching the unpredictable Market in terms of their performance.

Technically STI is in the verge of breakout from it’s lower low as shown in the chart, a consolation from believers who think that the worst has already passed. This is conjunction with both crossing of 50 and 100 days moving average signaling a turn around for the Market.

As the Market moves, critical signal to watch out will be the confidence level of investors to re-enter. At this junction will be still too early to tell.

Immediate Support: 2,645

Immediate Resistance: 2,790

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: $1.185

Immediate Resistance: $1.35

Range: $0.165, 13.9%

Fibonacci Retracement: A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). The Fibonacci retracement is the potential retracement of a financial asset’s original move in price. Fibonacci retracements use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before it continues in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

Immediate Support: $0.925 – $0.93

Immediate Resistance: $1.00

Range: $0.075, 8.1%