NOBLE

HAPPY NEW YEAR TO ALL!

Noble - 31st Dec 2016

Noble after hitting the low of 15.9 cents on 30th Nov 2016 it had managed to stage a strong recovery and head higher to touch 17.7 cents on 29th Dec 2016. This is generally quite positive.

Macd is showing sign of a positive divergence which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely move up to test the recent high of 17.7 cents . Crossing over of 17.7 cents with good volume that may propel to drive the share price higher towards 18 cents than 18.7 cents. Breaking out of 18.7 cents with ease that may likely see the share price moving up to test the psychological level 20 cents then 20.5 cents.

( trade base on your won decision)

Golden Agri

Update - 4th Jan 2016

Golden Agri is still hovering in the consolidated/neutral range and may likely do another attempt to move up to re-test the recent high of 45 cents.

The main driver that help to boost the share price I think could be due to the higher cpo price that is projected to rise towards MYR3300. As of last Tue I think the cpo price is MYR3163 ( 3rd Jan 2017) which is a good sign that Agri may see a much better revenue & net profit to be reported for the 4th quarter result and perhaps for the next 2 subsequent quarter.

Golden Agri - 23rd Dec 2016

Merry Christmas to all!

Golden Agri looks like it may move up to attempt 45 cents again. From the chart we can notice that it had already tested 45 cents on 4 occasion. This is quite significance.

Currently, it is rested at the support level of 42/42.5 cents.
With cpo price estimate to rise higher towards MYR 3300 , I think this may likely benefit the palm oil related counter. The next coming 4 qtr result may post better and higher revenue/net profit.
Hopefully, this may accompany with higher dividend paying out for Final dividend announcement.

The past few days from my observation, there were people accumulating at 42.5 to 44 cents.
I think Golden Agri may have another leg of moving up to attempt 45 cents .

Look out for any confirmation signal if it is able to cross over 44/44.5 cents with good volume that may propel to drive the share price higher to test 45 cents again.
Breaking out of 45 cents with good volume that may drive the share price higher towards 46.5/47 cents with extension to 50 cents.
( trade base on your own decision)

Asian Pay TC Trust

Asian Pay TC Trust - 23rd Dec 2016

Asian Pay TC Trust from TA point of view looks super bearish. It has been fallen from the high of 61.5 cents on 3rd May 2016 and went down to touch the low of 37 cents today. This is rather negative.

The closing price of 38.5 cents + high volume does not bode well for the current situation. Both Macd & Rsi are still trending downwards which may be a tell tale sign that the share price may continue to head further south.
Further selling down pressure of the share price may be expected as the current price is staying below the SMA lines.

Short term wise I think it may likely go down to test 35 cents . Breaking down of 35 cents with high volume that may likely see further selling pressure and slide towards 30 cents.

A word of cautious is better not to chase blindly simply because of the high yield factor. One good example may be the recent shipping trust that is having problem with its financial situation. I think This could be a warning bell/sign esp when the price is falling substantially couple with super high volume.
( trade base on  your own decision)

Genting Sp

Genting Sp - update 23rd Dec 2016

Genting Sp has weaken again and dropped further from 94.5 cents on 16 Dec 2016 and closed at 90.5 cents on 23rd Dec 2016. This is rather bearish .

We can notice from the chart that it may likely go down to test 88 cents(50 SMA line) then 85 cents.
Breaking down of 85 cents may see further selling pressure towards 80 cents.

( trade base on your own decision)


Genting Sp - 16th Dec 2016

Genting Sp after hitting the high of $1.04 on 8th Dec 2016 , it had since corrected sharply and went down to touch 93 cents. This is generally rather bearish.
The current price of 94.5 cents is staying below the 20SMA line which is a sign of weakness and may likely go down to test the 50 SMA line at about 85 cents.

Breaking down of 85 cents that may likely go down to test 80 cents and below.

Fyi, recent selling of shares by directors may be a tell tale sign that the current price of 94.5 to 98 cents could be deem as a favorable price to divest.

Also it will be good to take note of the high PE of about 63 times base on the estimate EPS of about 1.5 cents ( 9 months eps 0.89 cents + /- of 0.61 cents for 4th qtr) .

I think the bull run from 74 cents to a high of 1.04 which is mainly attributed to the first interim dividend of 1.5 cents + the news flow of the Japan casino that may likely boosted the share price to go up. Looks like it may be losing out of steam. Trade with extra cautious . Dyodd.

( trade base on your own decision)

Best World

Best World - 16th Dec 2016

Best World seems like the bull run is losing steam. Last Thursday it has broken down the strong support at $1.30 and closed lower at $1.255. This is rather bearish.

On Friday it had again experienced further selling down and closed even lower at $1.20.

From TA point of view, looks like it may likely go down to re-visit $1.10 then $1.06. Once $1.06 is broken down expect to see further sliding down towards $1.00 then $0.92.

( trade base on your own decision)

Genting Sp

Genting Sp - 16th Dec 2016

Genting Sp after hitting the high of $1.04 on 8th Dec 2016 , it had since corrected sharply and went down to touch 93 cents. This is generally rather bearish.
The current price of 94.5 cents is staying below the 20SMA line which is a sign of weakness and may likely go down to test the 50 SMA line at about 85 cents.

Breaking down of 85 cents that may likely go down to test 80 cents and below.

Fyi, recent selling of shares by directors may be a tell tale sign that the current price of 94.5 to 98 cents could be deem as a favorable price to divest.

Also it will be good to take note of the high PE of about 63 times base on the estimate EPS of about 1.5 cents ( 9 months eps 0.89 cents + /- of 0.61 cents for 4th qtr) .

I think the bull run from 74 cents to a high of 1.04 which is mainly attributed to the first interim dividend of 1.5 cents + the news flow of the Japan casino that may likely boosted the share price to go up. Looks like it may be losing out of steam. Trade with extra cautious . Dyodd.

( trade base on your own decision)

Sembcorp Ind

Sembcorp Ind - 16th Dec 2016

Sembcorp Ind after hitting the high of 3.02 on 12th Dec 2016 it has since corrected/ retreated to touch 2.90 on 16th Dec 2016. From TA point of view it is still rather bullish. We may notice that from the past few days the no. of share changing hands volume were rather low. I think This is a good sign that the selling could be due to minority shareholder selling or taking profit.

With oil price heading higher and closed well at $52.03 ( Up 1.96%) on sign of producers will comply with output cut ( http://www.cnbc.com/2016/12/15/oil-prices-edge-up-as-kuwait-cuts-supplies-by-more-than-expected.html) .

This is generally positive for Oil & Gas related counter like Sembcorp Ind,

Short term wise , I think it may likely move up to test $2.99 then $3.02. Breaking out of $3.02 with good volume that may propel to drive the share price higher towards $3.08 then $3.13 with extension to $3.20.

Another positive note to take note is that higher oil price may also boost their revenue for waste to energy business.

NAV of $3.58. May be Final dividend of 6 cents for the coming 4th quarter result announcement.
P/B of 0.81x of which I think is still quite a good price.

( trade base on your own decision)

Hyflux

Hyflux - 16th Dec 2016


Hyflux has a very nice thrust bar for the past two days. The white thrust bar is accompanied with high volume which is rather positive/bullish.

From TA point of view it is a strong reversal rebound.Looks like it may likely continue to head higher.

Both Macd and Rsi are rising which may provide further indication for the share price to head higher.

Short term wise, I think it will likely conquer 54.5 cents and head higher towards 60 then 65.5 cents.
Hope you all huat !

today news - quote :
http://www.todayonline.com/singapore/singapore-malaysia-boost-fresh-water-yield-johor-river



(Trade base on your own decision)

SembCorp Ind

SembCorp Ind - 9th Dec 2016

SembCorp Ind looks rather positive from TA point of view.
Last Friday it had manged to cross above the formation of a Bull Flag pattern and closed well at $2.91.

Both Macd & Rsi are still rising and may likely see further upwards movement.

Short term wise, I think it may move up to test $2.95. Breaking out of $2.95 with high volume that may likely drive the share price higher towards 3.00 then 3.08.

( trade base on your own decision)

Genting & Ocbc

Genting & Ocbc  - 7th Dec 2016

1. Genting Sp - has a very nice breaking out of the $1.00 mark with good volume this is rather impressive breakthrough.

With both Macd & Rsi still rising, short term wise , I think it may likely move up to test 1.065 then 1.115.
( trade base on your own decision)

2. Ocbc - has a nice breaking out of 9.19 and closed higher at 9.30 on 7th Dec.

This is rather positive.

Short term wise, I think it may head higher to test 9.40 then 9.50.


( trade base on your own decision)

OCBC

OCBC -2nd Dec 2016

OCBC had a very nice run up again from the low of 8.33 on 9th Nov 2016 and stage a strong recovery and head higher to touch 9.19 on 30th Nov 2016. This is rather positive.

Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

The current price of 9.15 is staying above the SMA lines which is generally quite positive/healthy.

Short term wise, I think it may likely re-conquer 9.19 and head higher toward 9.30 then 9.41 with extension to 9.50.

( trade base on your own decision)

M1

M1 - 2nd Dec 2016

M1 is still looking rather weak/bearish from TA point of view.
Looks like it may likely go down to visit 1.94. Breaking down of 1.94 with high volume, that may see further selling down pressure towards 1.90.

If 1.90 support level cannot hold then most likely it may go further down towards 1.80.

One consolation point to take note is that Both Macd & Rsi are showing sign of a positive divergence which may likely see the share price moving up higher from the current price of 1.975.

In order for it to reverse this downtrend it might need to cross over 2.07 with great volume and buying interest.

Short term wise, I think it is still rather bearish and may likely consolidate further unless it can cross over 2.07 with good momentum .
( trade base on  your own decision)