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Saturday, July 16, 2016

STI Index

STI Index - 16th July 2016

STI Index had managed to trade above the 200MA at 2825 and closed higher at 2925. This is generally quite bullish.

Both Macd & Rsi are still pointing upwards which may provide further indication that the Index may continue to head higher to test 2964.



With Dow market hitting new high at 18.5k level. This is generally quite bullish and local market may likely follow.

Short term wise , I think if it is able to conquer 2964 with ease then we may be able to see it rises higher towards 3000 then 3025 level.
( trade base on  your own decision)


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)