Are we near a trend reversal ?
Latest S-Trader Trend Tracker resistance levels.
Resistance1 = USD 53.96
Resistance2 = USD 52.08
Source :
1) Metastock
Saturday, 29 April 2017
WTI Crude Oil - Update 29 April 2017
Daily chart of West Texas Intermediate (WTI) Crude Oil.
Are we near a trend reversal ?
Latest S-Trader Trend Tracker resistance levels.
Resistance1 = USD 53.96
Resistance2 = USD 52.08
Source :
1) Metastock
Are we near a trend reversal ?
Latest S-Trader Trend Tracker resistance levels.
Resistance1 = USD 53.96
Resistance2 = USD 52.08
Source :
1) Metastock
Thursday, 27 April 2017
WTI Crude Oil - Update 27 April 2017
Daily chart of West Texas Intermediate (WTI) Crude Oil.
Latest S-Trader Trend Tracker resistance levels.
Resistance1 = USD 54.21
Resistance2 = USD 52.34
Source :
1) Metastock
Latest S-Trader Trend Tracker resistance levels.
Resistance1 = USD 54.21
Resistance2 = USD 52.34
Source :
1) Metastock
Wednesday, 26 April 2017
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Tuesday, 25 April 2017
Jollibee Food Corporation (Phillipine Stock Exchange - JFC) - Update
Daily chart of Jollibee Food Corp.
Price break out around the corner ?
Source :
1) Metastock
Price break out around the corner ?
Source :
1) Metastock
Sunday, 23 April 2017
WTI Crude Oil - Crashes Into $40's As Hedge Funds Sell Off
Oil prices fell fast on Friday afternoon as traders see the rising rig count as yet another sign that the markets are still grossly oversupplied.
Detailed news, Oil Crashes Into $40’s As Hedge Funds Sell Off
Prior to the decline, there were two articles which caught my attention.
The first one was reported on 11 April 2017 raising the concern on oil majors' dilemma - how quickly should they seek to replenish reserves ?
For detailed news, Oil majors' reserves are shrinking and investors don't mind
Followed by report on 18 April 2017, Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, saying it's the season to have faith in raw materials and oil will probably rally to the mid-$60s by the end of the year.
For more news, Citi Sees Oil Surging $10 as OPEC Combats Roaring U.S. Shale
For those who followed this blog, a question was raised on 13 April 2017 in the post - Does the price action has momentum to go higher ?
Daily chart of West Texas Intermediate (WTI) Crude Oil.
Here is the latest S-Trader Trend Tracker resistance and support levels.
Resistance = USD 52.77
Support = USD 49.38
Source :
1) Metastock
2) www.oilprice.com
3) www.reuters.com
4) www.bloomberg.com
Detailed news, Oil Crashes Into $40’s As Hedge Funds Sell Off
Prior to the decline, there were two articles which caught my attention.
The first one was reported on 11 April 2017 raising the concern on oil majors' dilemma - how quickly should they seek to replenish reserves ?
For detailed news, Oil majors' reserves are shrinking and investors don't mind
Followed by report on 18 April 2017, Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, saying it's the season to have faith in raw materials and oil will probably rally to the mid-$60s by the end of the year.
For more news, Citi Sees Oil Surging $10 as OPEC Combats Roaring U.S. Shale
For those who followed this blog, a question was raised on 13 April 2017 in the post - Does the price action has momentum to go higher ?
Daily chart of West Texas Intermediate (WTI) Crude Oil.
Here is the latest S-Trader Trend Tracker resistance and support levels.
Resistance = USD 52.77
Support = USD 49.38
Source :
1) Metastock
2) www.oilprice.com
3) www.reuters.com
4) www.bloomberg.com
Saturday, 22 April 2017
Metastock : Live Event for Traders in Singapore
Power Trading with the RMO and RMO ATM - Featuring Rahul Mohindar
Tue, April 25, 2017 7:30 PM - 9:30 PM
Level 9, FTSE ROOM, Capital Tower, 168 Robinson Road, Singapore (068912)
Friday, 21 April 2017
Country Garden Holdings Co. Ltd. (HKSE - 2007.HK) - Negative News With Negligible Impact
On 5 April 2017, South China Morning Post reported Country Garden Holdings, whose Forest City project in Malaysia is the biggest overseas project by a Chinese property developer, will refund money to mainland investors caught up in Beijing’s escalating crackdown on capital outflows.
The move is the latest consequence arising from Beijing’s tighter policy on capital controls, with most Chinese developers engaged in selling overseas properties now forced to shift their focus from mainland buyers to other countries.
More details, click below link :
Country Garden pledges refund for Forest City buyers caught in Beijing’s crackdown on capital outflows
In early March 2017, South China Morning Post also reported the company has closed all sales centres in mainland China for its flagship Malaysian housing project amid Beijing’s intensified crackdown on capital flight.
Detailed news, click below link :
Country Garden halts Malaysian housing sales amid capital flight crackdown
Daily chart of Country Garden.
Despite the negative news, the above chart showed no impact on the company's share price and it still able to climb higher.
Prior to it, South China Morning Report reported the company spent more than any other Chinese developer on land acquisitions last month as it pursues faster sales growth in a bid to catch rivals China Evergrande Group and China Vanke, on 7 Feb 2017.
The company splashed out 10.2 billion yuan for 14 land parcels last month, including a 2.25 billion yuan residential site on the outskirts of Shanghai. The other plots are all in smaller cities such as Hangzhou, Nanchang and Wenzhou, according to a report by Tospur Real Estate Consulting.
More detailed news, click below link :
Developer Country Garden led its rivals in January’s land purchases
This news drove the company's share price to break out its sideway range on 7 Feb 2017 with high volume transacted as shown by S-Trader Volumetric.
Source :
1) Metastock
2) www.scmp.com
The move is the latest consequence arising from Beijing’s tighter policy on capital controls, with most Chinese developers engaged in selling overseas properties now forced to shift their focus from mainland buyers to other countries.
More details, click below link :
Country Garden pledges refund for Forest City buyers caught in Beijing’s crackdown on capital outflows
In early March 2017, South China Morning Post also reported the company has closed all sales centres in mainland China for its flagship Malaysian housing project amid Beijing’s intensified crackdown on capital flight.
Detailed news, click below link :
Country Garden halts Malaysian housing sales amid capital flight crackdown
Daily chart of Country Garden.
Despite the negative news, the above chart showed no impact on the company's share price and it still able to climb higher.
Prior to it, South China Morning Report reported the company spent more than any other Chinese developer on land acquisitions last month as it pursues faster sales growth in a bid to catch rivals China Evergrande Group and China Vanke, on 7 Feb 2017.
The company splashed out 10.2 billion yuan for 14 land parcels last month, including a 2.25 billion yuan residential site on the outskirts of Shanghai. The other plots are all in smaller cities such as Hangzhou, Nanchang and Wenzhou, according to a report by Tospur Real Estate Consulting.
More detailed news, click below link :
Developer Country Garden led its rivals in January’s land purchases
This news drove the company's share price to break out its sideway range on 7 Feb 2017 with high volume transacted as shown by S-Trader Volumetric.
Source :
1) Metastock
2) www.scmp.com
Thursday, 20 April 2017
KESM Industries Bhd (KLSE - 9334) - More Upside ?
Weekly chart of KESM.
Is there more upside for KESM ?
Source :
1) Metastock
Is there more upside for KESM ?
Source :
1) Metastock
Tuesday, 18 April 2017
China Huishan Dairy Holdings Co. (HKSE - 6863.HK) - Debt Bubble Sank The Ship
A treasury head went missing, mysterious 85% stock price plunge, half of its board members resigned and a tycoon chairman's wealth gone with the winds within 1.5 hours.
The company crisis has exposed a gigantic debt overhang looming over corporate China.
For more details, click the below link :
How the debt bubble burst for China’s Huishan Dairy
On 24 March, the share sank by a record of 85% before it halted trading.
The sudden crash wiped out about $4.1 billion in market value. A record 779 million shares in the Shenyang-based company changed hands,
the most on Hong Kong’s exchange.
In December 2016, Muddy Waters alleged that Huishan had been overstating its spending on its cow farms by as much as 1.6 billion yuan to "support the company's income statement."
The report also alleged that the company made an unannounced transfer of a subsidiary that owned at least four cow farms to an undisclosed related party and Muddy Waters concluded that Chairman Yang controls the subsidiary and farms.
More details, click the below link :
Huishan Dairy, Muddy Waters Target, Sinks 85% in Hong Kong
On 16 December 2016, the share dropped as much as 4.3% to HK$2.69 before being suspended in Hong Kong, which the Shenyang-based company said was pending a clarification announcement on the report.
It happened after short seller Carson Block's Muddy Waters Capital LLC said the company is "worth close to zero" and questioned its profitability in a report.
Detailed news, click the below link :
Muddy Waters Shorts Top China Dairy Farm as Shares Halted
Here is the daily chart of China Huishan Dairy.
When the share resume its trading on 19 Dec 2016, the price rebounded and broke all S-Trader Trend Tracker resistance on 30 Dec 2016. However, the price break out associated with low volume as noted on S-Trader Volumetric. A possible weak break out action and an early warning alert to shareholders and investors.
Few days before the share plunge, the price move higher on an increasing volume between 15 to 17 March 2017, A very high volume transacted (recorded by S-Trader Volumteric) but the price action failed to break out its side way range. Another possible sign of weakness and warning alert.
Thereafter, is history.
Here is the final price action chart after the share been suspended until now.
Source :
1) Metastock
2) www.bloomberg.com
3) www.scmp.com
The company crisis has exposed a gigantic debt overhang looming over corporate China.
For more details, click the below link :
How the debt bubble burst for China’s Huishan Dairy
On 24 March, the share sank by a record of 85% before it halted trading.
The sudden crash wiped out about $4.1 billion in market value. A record 779 million shares in the Shenyang-based company changed hands,
the most on Hong Kong’s exchange.
In December 2016, Muddy Waters alleged that Huishan had been overstating its spending on its cow farms by as much as 1.6 billion yuan to "support the company's income statement."
The report also alleged that the company made an unannounced transfer of a subsidiary that owned at least four cow farms to an undisclosed related party and Muddy Waters concluded that Chairman Yang controls the subsidiary and farms.
More details, click the below link :
Huishan Dairy, Muddy Waters Target, Sinks 85% in Hong Kong
On 16 December 2016, the share dropped as much as 4.3% to HK$2.69 before being suspended in Hong Kong, which the Shenyang-based company said was pending a clarification announcement on the report.
It happened after short seller Carson Block's Muddy Waters Capital LLC said the company is "worth close to zero" and questioned its profitability in a report.
Detailed news, click the below link :
Muddy Waters Shorts Top China Dairy Farm as Shares Halted
Here is the daily chart of China Huishan Dairy.
When the share resume its trading on 19 Dec 2016, the price rebounded and broke all S-Trader Trend Tracker resistance on 30 Dec 2016. However, the price break out associated with low volume as noted on S-Trader Volumetric. A possible weak break out action and an early warning alert to shareholders and investors.
Few days before the share plunge, the price move higher on an increasing volume between 15 to 17 March 2017, A very high volume transacted (recorded by S-Trader Volumteric) but the price action failed to break out its side way range. Another possible sign of weakness and warning alert.
Thereafter, is history.
Here is the final price action chart after the share been suspended until now.
Source :
1) Metastock
2) www.bloomberg.com
3) www.scmp.com
Saturday, 15 April 2017
WTI Crude Oil - Update 15 Apr 2017
Daily chart of West Texas Intermediate (WTI) Crude Oil.
Here is the latest S-Trader Trend Tracker support levels.
Support1 = USD 50.80
Support2 = USD 49.37
Source :
1) Metastock
Here is the latest S-Trader Trend Tracker support levels.
Support1 = USD 50.80
Support2 = USD 49.37
Source :
1) Metastock
Friday, 14 April 2017
Jollibee Food Corporation (Phillipine Stock Exchange - JFC) - Share Price Revival ?
Daily chart of Jollibee Food Corp.
Is the share price undergoing bullish rebound ?
For more information of the company, click below link :
http://www.jollibee.com.ph/
Source :
1) Metastock
Cathay Pacific Airways Ltd (HKSE - 0293.HK) - Replacement of CEO
Recent news reported Cathay Pacific's CEO Ivan Chu will be replaced by Rupert Hogg and he will takes over May 1.
It also mentioned that the change at the top usually occurs every 3 years at the carrier which comes in the midst of the biggest business revamp the company embarked on in two decades.
For more details of the news, click below link :
Cathay Names Rupert Hogg as CEO After First Loss in 8 Years
Daily chart of Cathay Pacific.
Will the top management replacement revives the share price in near future ?
Source :
1) Metastock
2) www.bloomberg.com
It also mentioned that the change at the top usually occurs every 3 years at the carrier which comes in the midst of the biggest business revamp the company embarked on in two decades.
For more details of the news, click below link :
Cathay Names Rupert Hogg as CEO After First Loss in 8 Years
Daily chart of Cathay Pacific.
Will the top management replacement revives the share price in near future ?
Source :
1) Metastock
2) www.bloomberg.com