Entries by Spencer Li

Straits Asia – bearishness ahead after violating major trendline | Technical Analysis | Singapore Stocks

Straits Asia has broken the long-term uptrend line and the long-term horizontal support line, which suggests bearishness for the weeks ahead. The short-term target for it would be to test its old low of 1.81. Watch for the markdown phase to commence. It is only a matter of time.

Guest Speaker for STATS Market Outlook & AGM 2010

Today, I was invited as a guest speaker to give a talk at 2009 AGM of STATS (Singapore Technical Analysts & Traders Society) on the “Strategic Outlook for 2010”. Before the talk, there was a poll, and it seemed that the general consensus is for a correction in the medium term. Here also some of […]

Genting SP – get ready to short | Technical Analysis | Singapore Stocks

This is the 2nd test of the top of the box, watch it closely tomorrow. This stock has found good support at the 20-day EMA (red), and has yet to fall below the 50-day EMA (blue) in a long time. However,if you read between the lines, you will see that there is weakness in the […]

First Resources – time to take profits at the end of the markup phase | Technical Analysis | Singapore Stocks

A climatic move up will exhaust demand for the moment, meaning that it is time to get out until further price action gives a new buy signal. It is also unlikely to break through the strong psychological resistance on its first try, hence a quite short swing trade may be attempted, since risk is limited […]

Yanlord – an excellent shorting opportunity | Technical Analysis | Singapore Stocks

The general market is weakening, and with China’s property market taking some hits, this stock is a perfect candidate for markdown by the BB (big boys). It has broken the 200-day EMA and the middle channel line on high volume, taking the form of 3 black crows. Shorted this 2 days ago on a strong […]