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Friday, July 15, 2016

Silverlake Axis

Silverlake Axis -16th July 2016

Silverlake Axis after touching the low of 47.5 cents on 24th June 2016 it had manged to stage a strong recovery and head higher to touch 58.5 cents on 15th July 2016. This is rather bullish.



From TA point of view it had managed to clear the overhead resistance at 55 cents and closed well at 58.5 cents.Couple with increasing volume this is generally quite positive.

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

Short term wise, I think it may continue to trend higher towards 60 cents then 62.5 cents.
Breaking out of 62.5 cents with good volume that may drive the share price higher towards 69 cents.
(trade base on your own decision)

Vibrant Group

Vibrant Group - 16th July 2016

Vibrant Group after hitting the low of 32 cents on 1st June 2016 it had gone into a neutral mode.Recently it had managed to stage a strong recovery to head higher to touch 44.5 cents on 12th July 2016.This is generally bullish.

The current price of 42 cents is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the the momentum for driving the share price higher.

Both MACD & RSI are still rising which is also indicating that the share price may continue to trend higher.

Short term wise, I think it may move up to re-attempt the recent  high of 44.5 cents.Crossing over 44.5 cents with good volume that may propel to drive the share price higher towards 49 cents with extension to 55 cents.
(Trade base on your own decision)

Thursday, July 14, 2016

Genting Sing

Update - 20th July 2016 - Genting Sing

Genting Sing had managed to cross over the 80 cents overhead resistance and closed well at 80.5 cents today . This is rather positive.

I think short term wise it may move up to re-test 82 cents ( recent high being attained on 18th July).
Breaking out of 82 cents with good volume that may propel to drive the share price higher towards 86 cents then 90 cents.



Genting Sing - 14th July 2016

Genting Sing after hitting the low of 68.5 cents on 28th June 2016 it had since managed to stage a strong recovery and risen up to touch 78.5 cents on 14th July 2016. This is rather bullish.



The current price of 78.5 cents is staying above the SMA lines which is generally quite positive.

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

Short term wise, I think it may continue to trend higher to re-visit 80 cents . Breaking out of 80 cents with good volume that may drive the share price higher towards 87 cents then 90 cents and above.

( trade base on your own decision)





Friday, July 8, 2016

Innovalues

Innovalues - 8th July 2016

Innovalues had a very impressive run from the low of 82 cents from 29th Mar 2016 and staged a strong recovery to trend higher to touch 1.105 on 6th July 2016. Couple with high volume, this is rather bullish.



On 6th July 2016 it had managed to clear the overhead resistance and crossed over 1.095 and closed well at 1.10. This is generally very positive.

With both Macd & Rsi still rising this may likely provide further indication that the share price may continue to trend higher.

Short term wise it may continue to trend higher towards 1.15 then 1.20 with extension to 1.30.
(trade base on your own decision)

Tuesday, July 5, 2016

CNMC Goldmine

CNMC Goldmine 6th July 2016

CNMC Goldmine had a very impressive run-up from the low of 26.5 cents on 26th May 2016 and trend higher to touch 53 cents on 5th July 2016. This is super bullish.

As witnessed from the chart we had a very nice gap up with beautiful white bar couple with super high volume and closed high at 52.5 cents . This is very positive.
With gold price trending higher, i think CNMC may benefit and may likely continue to see it share price heading higher.

Currently, it is sitting at the resistance level at 52.5 cents. Breaking out of 52.5 cents with good volume that may propel to drive the share price higher towards 57 cents.

With the current price staying above the SMA lines and both Macd & Rsi still rising it may likely provide further indication that the share price may continue to trend new high.

In my opinion, crossing over of 57 cents with ease + high volume that may likely see it share price heading towards 60.5 cents then 66.5 cents with extension to 70 cents.
( trade base on your own decision)

Noble Rights & Mother share

Noble R - 5th July 2016

Noble R today first day of trading is rather impressive with a beautiful white thrust bar presented on the chart and closed well at 10.5 cents .
This is rather bullish . Couple with high volume of 626m Rights changing hand. This is generally quite positive.



In my opinion,this momentum is likely to continue to see it play out for the next two or more trading days as the strong demand is capable of driving the price higher.

Those having Noble share being purchased using Cash will be able to transact the trading of Rights on the SGX market and pocketed the gains from selling these rights.
If they would like to take up the Rights then they may accept the Rights offer via ATM or internet banking( is better to check with your broker if you are having doubts).

As for those Noble share being purchased using SRS account i think they can also do the similar exercise but must indicated selling under SRS.
For those that would like to take up the Rights offer then just have to wait for the letter to come and then just Sign and send back the letter or fax it back to their respective Bank that they have opened this SRS account.

Lastly, for those using CPF I think similarly they can also transact the selling of the Rights on the SGX market but must indicate selling under CPF. Please check with your respective Bank where you had opened this CPF investment account if you are not sure about this procedure.


Noble Mother share - 5th July 2016

Noble after hitting the low of  0.155 on 27th June 2016 it had since staged a strong recovery and head higher to touch 0.205 on 5th July 2016. This is rather bullish.
Couple with high volume this is generally rather healthy/positive.


The current price is also hovering above the SMA lines which is generally quite positive.

Also both Macd & Rsi are trending higher which may likely provide further indication that the share price may continue to trend higher.

In my opinion, breaking out of 21.5 cents with good volume  (which is also the current resistance) with ease that may propel to drive the share price higher towards 26 cents with extension to 30 cents.
( trade base on your own decision)