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SGtrader Chart Analysis Corner
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tskmil
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18-Mar-2011 17:10
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hi sgtrader and divined, Thanks for the chart and comments, most helpful, will be watching my SL carefully. sigh! bought in expectation that the price will test the 50MA line, jus one day before the japan disaster hit,  and it took me on a huge turbulence ride this wk.. hopefully i can unload in a meaningful bounce. Though seeing the huge amount of sell orders in e order books, am not very optimistic. Cheers guys!  |
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divined
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17-Mar-2011 23:08
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Hi tskmil, This is my personal opinion. It may vary from other point of view. From a TA point of view, SIA looks to be trending down towards $12 region. Reasons below. SIA's current price of 13.00 is below 40ema which is currently at 14.84ish. This could signal long term weakness unless there is a huge catalyst  for price to move up. Rebound after 15/3/11's sell down failed, weakness followed. Volume on up days are very low which further signal weakness as price is unable to move up with volume.   From a FA approach,   SIA's earnings are affected by tourism and oil prices. Oil prices have been on a continuous uptrend, which may not be very good for the airline industry. Tourism industry may not be so hyped up anymore since RWS sentosa and MBS have been opened for awhile. With problems in japan/middle-east, there may not be as much flights as before. In the longer term, it just seems that there is no real catalyst for SIA to have a price reversal. Of course a technical rebound or short term rebound is possible. In the longer term, i dont feel very optomistic about this stock.   As mentioned earlier this is my own opinion. Hope that helps.        
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sgtrader
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17-Mar-2011 23:00
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Good Day Traders This is my opinion on Singapore Airlines Weekly Chart Analysis dated 170311
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krisluke
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17-Mar-2011 19:04
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street talk from singapore brokerage analyst implied a bearish outlook. TA would be a different story liao. sgtrader, can tip us on some entry price thingy base on your charting skill txs |
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tskmil
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17-Mar-2011 18:21
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Hi sgtrader, very thankful for all your analysis so far, I would appreciate if you could give your views for SIA, seem to be a beaten down cash cow. I would like to know if the $13 lvl will hold.. Thanks & regards |
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sgtrader
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16-Mar-2011 01:35
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Good Day Traders Newly created scanner picked up a stock for potential short sell. Once the stock is picked up, need to wait for the next two bars to spot any weakness for sell short. Indeed, this stock triggered " lack of demand" after the " Look for no demand for short" . To go short, the price of this week must be below 50% of previous bar. check chart here > http://tinyurl.com/6255rla   Personal blogsites: Youtube Videos:   Disclaimer Advice: |
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squallsim
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15-Mar-2011 07:55
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Thanks Sgtrader. | ||||
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sgtrader
Member |
14-Mar-2011 23:19
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Good Day Traders One more stock picked up for Potential Short Sell! View Chart > > http://tinyurl.com/4gan2ba   Personal blogsites: Youtube Videos:   Disclaimer Advice: |
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sgtrader
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14-Mar-2011 22:58
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Good Day Traders Scanner picks up a stock today for Potential Short Sell! View Chart > > > http://tinyurl.com/4e5ekxj Personal blogsites: Youtube Videos:   Disclaimer Advice: |
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sgtrader
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14-Mar-2011 22:53
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Good Day squallsim Today bar is considered a " test bar" and requires the next bar to confirm whether it is a successful test or failed test. With below average volume to move the price up, need courage and guts to do so inorder to attract sellers out of hiding. Tomorrow will be the key  to determine if price is supported above the buy zone (dotted blue line). If tomorrow, price goes up with average to high volume, the upside is sustainable. If tomorrow, price is negative, with lower volume but  above today's pivot level then price is supported and likely to stay sideway or move up. Apologize, I do not use MACD, Stochastics in my analysis. Just trend lines, some EMAs and bar by bar analysis. Cheers |
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squallsim
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14-Mar-2011 22:02
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so gar price will be up or down tomorrow as macd and stochastics  shows a down? |
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sgtrader
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14-Mar-2011 21:56
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Good Day Traders This is my opinion on Golden Agri Daily Chart Analysis dated 140311  
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teeth53
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13-Mar-2011 21:32
Yells: "don't learn through life, learn to grow with life " |
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I hav very good patience to wait for my px to  arrive at  B4 considering to vest on GAR, Meanwhile wish everyone happy trading this coming wk  and hav a nice day. |
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rotijai
Supreme |
13-Mar-2011 15:54
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er.. for me, i cant guaranttee whether how low gar can go or how fast gar can reach 62 or 58... from wat i learn from sgtrader is that there are 3 movements in the chart. (2 drawn by sgtrader earlier and 1 mentioned by me) the short upward trend is obviously out... so left with the slow long upward trend and the short downward trend.. so from the chart, the first defence from the slow long upward trend is 62 cents and the 2nd defence from the short downward trend is 58 cents.. all these info are based on chart (which says tat the upside is unlikely at the moment)
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Empathy
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13-Mar-2011 15:09
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sgtrader, from what you are saying that means that goldenagr will fall from the set go once trading starts tomorrow and will likely to fall till 0.62 where it will test its support further, with minimal possibility of upside to say .67. Am I right is this what you & rotijal are implying?
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sgtrader
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13-Mar-2011 14:47
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Good Day ZhiXuen I don't do day trading, I usually swing trade up to three months max. Weekly chart is good to filter uneccessary noises in daily. Daily chart is used for Entry and Exit. I use both time frames including monthly to have a top down analysis. Cheers |
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sgtrader
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13-Mar-2011 14:44
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Good Day Rotijai You are right! the 1st line of defense will be $0.62, failure to hold.. Will have more downside.     Personal blogsites: Youtube Videos:   Disclaimer Advice: |
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Empathy
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13-Mar-2011 14:44
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Thanks sgtrader! | ||||
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zhixuen
Veteran |
13-Mar-2011 14:42
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your chart is based on weekly movement.  So your analyst is on long term wise? Ok thanks your advise and analyze :-)
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rotijai
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13-Mar-2011 05:27
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sgtrader, just a question if we draw the downward lines from the peak (opposite the one u draw upward in short-term), gar might fall to 57-58 am i correct to analyse like this ?
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