tag:blogger.com,1999:blog-42765513297377571252011-10-02T20:53:48.446+08:00Welcome to my Trading Chart Patterns Blog. IMPORTANT: Please read Disclaimer at the bottom of this page.gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.comBlogger1251100tag:blogger.com,1999:blog-4276551329737757125.post-78441976791935832182008-05-22T10:47:00.003+08:002008-05-22T10:50:58.340+08:00

My Bank of America (BAC) POSITION Chart:After slightly more than a month, the chart pattern has finally played out the move, and that is, to the downside. Remember, "PRICE will continue in the direction it is going, until it fails".

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1tag:blogger.com,1999:blog-4276551329737757125.post-25815161950758157852008-04-17T08:55:00.002+08:002008-04-17T09:03:49.584+08:00

My Bank of America (BAC) Position Chart above...Hmmm...Is the worst over, for the banks? Or is there more to come? Stay tuned, folks...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-55181515438680870552008-04-09T10:06:00.000+08:002008-04-09T10:07:24.417+08:00

Came across this interview online at the Money Morning website...and it was done right here in Singapore. Click here to read more of Mr Roger's current views...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-11582231337702134062008-04-08T00:01:00.003+08:002008-04-08T08:20:56.291+08:00

My Mini Crude SWING Chart above...More pain at the Pumps? Sure looks like it...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-30707695831703542332008-03-13T10:06:00.001+08:002008-03-13T10:08:11.463+08:00

Came across this article from The Gold Report. To some, this article may paint a bleak picture. But to others, it could very well be the path to riches. You be the judge...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1tag:blogger.com,1999:blog-4276551329737757125.post-80802490838140168152008-02-19T11:48:00.004+08:002008-02-19T12:01:30.673+08:00

Have a look at this video...Click here to see it now.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-54539927635808362962008-02-14T13:54:00.005+08:002008-02-14T14:45:42.450+08:00

I stumbled upon a website this morning, only to be surprised that 2/3 of the posts were, word for word, my very own from myFutures Trading Blog. I really did not know how to respond to it.Flattery? Or just plain Stealing (cut & paste)? Do drop me your comments...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-1675304285349768802008-02-14T08:54:00.004+08:002008-02-14T08:57:39.412+08:00

I have just updated my SIMSCI SWING Chart on my Futures Trading Blog. It would make the Bulls very happy.Click here to see what I mean.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-56338103819298926612008-01-27T14:43:00.000+08:002008-01-27T14:45:43.989+08:00

Here is an interesting article on rogue trader, Jérôme Kerviel and his "rogue" trading activities at Société Générale.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-23991719056231496632008-01-17T11:28:00.001+08:002008-01-17T11:30:13.282+08:00

For more details of my commentary on the HSI Futures SWING Chart, head over to my Futures-Trading Blog.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-68361948522381531702008-01-12T22:51:00.000+08:002008-01-12T23:01:28.598+08:00

My CAT Position Chart above...Caterpillar Inc. (CAT) is still in a Bull TREND. With the Bullish Chart Formation, will we see a break to the upside anytime soon?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-68135943702255592012008-01-09T21:28:00.001+08:002008-01-09T22:12:34.573+08:00

My SIMSCI SWING Chart above...Let's not get too excited now...as long as PRICE is unable to take out the last PRIME Resistance, we are in a BEAR TREND - A Lower Low, followed by a Lower High, and then another Lower Low.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-90700767554713522872008-01-09T08:55:00.000+08:002008-01-09T10:28:46.297+08:00

My HSI Futures SWING Chart above...My HSI Futures SWING Chart above...Finally...some clarity going forward. With yesterday's PRICE plunge in the US markets, I believe we will see PRICE breaking out, to the downside of the Triangle (consolidation) formed so far.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-61912664657389012072008-01-04T13:12:00.001+08:002008-01-04T13:14:44.897+08:00

My HSI Futures TREND Chart above...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-59766978908604036962007-12-31T13:39:00.000+08:002007-12-31T13:48:11.977+08:00

My SIMSCI SWING Chart above...Unless & until PRICE takes out the last PRIME Resistance (Lower High/LH), we are still in a Bear TREND, on the SWING Chart.And for those of you tracking the EURO Futures, you might be interested to know that on the SWING Chart, the EURO has just created Leg 1 of Bear Break. For more, head over to my Futures-Trading Blog for the latest posting...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-23547667825176499022007-12-20T18:28:00.000+08:002007-12-20T18:33:13.344+08:00

For those of you tracking the BRITISH POUND, you might be interested to know that a possible Leg 1 of Bull Break on the SWING Chart is about to happen any time now.Visit my futures-trading blog for the chart action.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-2000985141269416722007-12-17T15:18:00.000+08:002007-12-20T18:34:22.062+08:00

My HSI TREND Chart above...The Break-Down from the Falling Wedge Chart Pattern has resulted in a deeper Leg 1 of Back Door Bull Break. Almost 1700 points have been lost in the last 3 days of trading. With the SWING Chart deep into oversold territory, do expect a puill back of sorts, in the next couple of days, for PRICE to head back up to challenge last PRIME Resistance, and to give us Leg 2 of

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-4314289347956977912007-12-13T12:05:00.001+08:002007-12-13T12:06:28.724+08:00

My HSI Futures TREND Chart above...Will we see a Break-Out from this Falling Wedge?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-49431108476399700822007-12-08T11:37:00.000+08:002007-12-08T21:48:33.751+08:00

Since my last post on the 21st of November, PRICE on the EURO Futures SWING Chart has created Leg 1 of Bull Break. Are we seeing a change in the Bull TREND? Have a look at the chart, at my Futures-Trading Blog.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-12645235342033975922007-11-21T09:11:00.000+08:002007-12-08T21:48:52.837+08:00

For those of you interested in the EURO, do drop by my Futures-Trading Blog for the Bullish Chart on the EURO Futures.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-12471043682466099192007-11-21T09:08:00.000+08:002007-12-08T21:49:37.144+08:00

My SIMSCI TREND Chart above...With the SWING Chart pointing up, coupled with the TREND Chart possibly getting a PRIME PPF of Support, do expect a change in the Bear TREND (on the TREND Chart) any time soon...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-24409891027545118782007-11-09T22:16:00.000+08:002007-11-09T22:17:55.695+08:00

My SIMSCI TREND Chart above...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-32163563195652348652007-11-05T21:16:00.000+08:002007-11-05T21:18:36.078+08:00

My SIMSCI TREND Chart above...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-75526868306238946292007-11-02T09:50:00.000+08:002007-11-02T09:53:07.001+08:00

My SIMSCI TREND Chart above...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-34376743680136769532007-10-19T16:13:00.000+08:002007-10-19T16:17:56.682+08:00

My SIMSCI TREND Chart above...For those of you who have an interest in the SIMSCI PRICE movements, do take note of the current Bear TREND in PRICEs. But on a SWING basis, PRICE is still trying to create PRIME Support, which is a Higher Low.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-60007607390230561522007-10-08T07:46:00.000+08:002007-10-08T07:52:18.226+08:00

For the last 2-3 weeks, I have been really bogged down by my day job. As such, I haven't had much time to look at the breakouts of some stocks on the SGX. Even my comments, on my Futures Trading Blog, have been kept at a minimum. I do hope that all will normalise soon. Thanks again for the support given. I will do my best to get this blog updated on a regular basis, as soon as my day job allows.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-39843772270361696972007-09-27T09:25:00.000+08:002007-09-27T09:30:13.353+08:00

With the market opening just half an hour ago, the STI has just breached the previous high of 3,688.58. The high of the today is 3,697.93.Sub-Prime issue? What Sub-Prime issue? Was there one?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-2171823808242285522007-09-15T08:33:00.001+08:002007-09-15T08:38:32.946+08:00

I apologise for not posting anything, the past trading week. I have been so consumed with my day job that the only blog that got updating was my Futures Trading Blog.It's been a crazy week for me and it was really difficult to find time to even just pour through the charts. I do hope to find some time, this coming week, to see how the STI Index is doing...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-36101971893408886982007-09-08T10:23:00.000+08:002007-09-08T10:26:14.887+08:00

Oculus & ALANTAC, which I featured the last week or so have certainly performed to expectations.I will try to scan through the charts this weekend for other potential breakout aspirants...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-83602490200661894292007-09-06T16:30:00.001+08:002007-09-06T16:39:02.586+08:00

4:30pm A quick look at the Top 30 volume counters, and the familiar names are there; ALANTAC, Jade, Armarda, Oculus. If this keeps up, the rest of the penny counters will follow suit...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-70508932629937835622007-09-04T11:03:00.000+08:002007-09-04T11:05:43.379+08:00

ALANTAC has done a breakout from the sloping Trend Line. Will have to see the closing PRICE at the end of the day.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-40576314812156400442007-09-04T10:53:00.000+08:002007-09-04T10:56:44.536+08:00

PRICE action does suggest a possible price low at $0.625. However, I would prefer it to make a higher high first, above last minor PRICE Resistance at $0.715.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-6944101888331348482007-09-04T10:06:00.000+08:002007-09-04T10:10:46.847+08:00

Looking at the Top 30 Volume today, it does look like some interest is being generated in counters like ALANTAC, Baker Tech, Armarda, etc...It will take some serious trading in these counters before the rest of the other counters join in.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-31003504507480690072007-08-31T07:45:00.000+08:002007-08-31T07:47:30.914+08:00

Have been pretty busy with my dayjob of late, so I haven't had much time to scan through the charts. But one thing for sure, is that Oculus has performed to expectations since I highlighted it last week.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-47090516666071756172007-08-27T19:10:00.000+08:002007-08-28T14:24:08.420+08:00

As pointed out last Friday, Oculus Ltd managed to clear the first minor resistance of $0.255. With an intraday high of $0.285, it looks like there is still room for PRICE to challenge $0.315 & then $0.375.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-92004603641591088512007-08-24T09:46:00.000+08:002007-08-24T09:49:04.352+08:00

PRICE action seems to suggest a bottom. PRICE looks set to head back up to challenge $0.255 first.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-46873884621066374082007-08-24T08:19:00.000+08:002007-08-24T08:21:08.535+08:00

My TREND Chart above...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-3949349882844914362007-08-17T11:22:00.000+08:002007-08-17T11:32:22.435+08:00

I thought there was a glimmer of hope this morning when the SIMSCI managed a Leg 1 of Bear Break on the TREND Chart. But alas, it was not to be. PRICE has gone lower with a New PRIME Support. The Bear TREND continues...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-22154386410669513942007-08-15T08:01:00.000+08:002007-08-15T08:08:29.872+08:00

Again, the markets tempt you to get in...was it a right choice to buy yesterday? With our market still actively tracking the US market, it is still a challenge to decide when is the right time to buy. PRICE movements can help one to see whether a bottom is being formed but with this "close tracking" of how the US indices close over night, anything can still go wrong.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-62825081135032785862007-08-08T11:06:00.000+08:002007-08-08T11:12:55.335+08:00

Reverse in the TREND, perhaps (We need 3 full Legs)? We had a PRIME Higher Low achieved at the close of yesterday's session and this morning's gap up created Leg 1 of Back Door Bear Break (Higher High), on the TREND Chart. Hopefully, this will help stocks to recover, in the next few weeks to come.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-88427122006343177632007-08-07T09:56:00.001+08:002007-08-07T09:56:54.506+08:00

Looking at the SIMSCI TREND Chart above, nothing has really changed...as yet. The Bear TREND, on my TREND Chart is still exerting itself.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-69688028534174067422007-08-02T22:14:00.000+08:002007-08-02T22:16:05.431+08:00

Looks like the recent carnage continues to play in everyone's minds...it's gonna take a while before it's back to business as usual.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-13364134721933986272007-08-02T08:31:00.000+08:002007-08-02T08:33:36.308+08:00

Hang Seng Futures TREND Chart is currently in a Bear TREND. But for its SWING Chart, it is still in a Bull TREND.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-38930778154620843882007-08-01T18:45:00.001+08:002007-08-01T18:47:06.811+08:00

Here is my SIMSCI TREND Chart...not very encouraging, isn't it? We are currently in a BEAR TREND, making Lower Highs & Lower Lows.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-36735174607023348962007-08-01T13:16:00.000+08:002007-08-01T13:21:36.772+08:00

One of the fiercest sell down of recent times. Penny stocks are literally being dumped. I've seen such ferocity before, back in the early 2000s, when the Bear market was creating havoc...It still remains to see if this is just a hiccup, or a change in the Primary Bull Trend.On the Index basis, the STI is still very much on a uptrend...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-63034823746271719292007-08-01T08:40:00.000+08:002007-08-01T08:41:32.775+08:00

Will we see more selling today? Was yesterday the day to buy, or to sell? We will know soon enough...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-53209485229441681502007-07-31T09:26:00.000+08:002007-07-31T09:27:05.045+08:00

The STI has effectively covered the gap down created last week...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-77631328363308700372007-07-30T11:58:00.000+08:002007-07-30T23:31:24.941+08:00

The weakness in the US markets last week has affected the trading "spree" in Penny Stocks over here in Singapore.On a personal note, I have already entered some positions in Adv Sys Auto (Disclaimer: This is NOT a recommendation to buy this counter. Please seek proper advice from your own Licensed Advisor, or do your own due diligence or research), with my CPF funds.I believe the penny stocks

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-43310862067496165802007-07-25T22:12:00.000+08:002007-07-25T22:31:19.189+08:00

Am involved in a 2 Full Day Seminar starting today - This is related to my day job. So I will not be posting any of my observations until Friday. Cheers!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-80389566485957456562007-07-24T21:37:00.000+08:002007-07-24T21:38:37.248+08:00

Personally, I would keep watch of the PRICE action, after today's breakout.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-31396505335447992652007-07-24T21:26:00.000+08:002007-07-24T21:28:23.520+08:00

PRICE of Hyflux needs to break the $3.32 level convincingly, in order to head higher...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-20885249240168957752007-07-24T21:18:00.000+08:002007-07-24T21:20:54.762+08:00

Those of you tracking this conglomerate will be glad to know that it broke out yesterday.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-88316974680606907432007-07-24T15:43:00.000+08:002007-07-24T15:46:37.239+08:00

Multi-Con System's PRICE action continues to look weak. I would seriously stay out of this counter. Today's low of $0.38 has effectively closed the gap formed last week.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-19872415646646296012007-07-24T15:40:00.000+08:002007-07-24T15:41:36.215+08:00

As posted yesterday, SSH Corp's first target PRICE of $0.495, has been it today...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-61739776920938125532007-07-24T15:36:00.000+08:002007-07-24T15:42:19.215+08:00

Will post the chart of Liang Huat later this evening...It did a breakout today. Breakout PRICE is $0.06, so Trendline Support is at $0.055.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-31091719105480007712007-07-24T07:50:00.001+08:002007-07-24T07:52:34.441+08:00

Here's the TREND Chart of the Hang Seng Futures. Isn't it lovely? Higher Highs & Higher Lows...The Bull TREND is very much intact.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-55062687215392847722007-07-23T15:05:00.000+08:002007-07-23T15:06:22.849+08:00

I featured this counter's PRICE action on the 15th of Jul. Today, it is continuing its move. Next target PRICE is $0.495

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-10080839953283613252007-07-23T11:43:00.000+08:002007-07-23T12:11:59.487+08:00

Again, I reiterate my stand to just wait for a clearer picture, before talking my next step. Having got out of Global Test & Adv Sys Auto last week, I am now just waiting for an opportune time to re-enter the market. Of course, you will still have the occasional counter (like Aztech, today), attracting attention but overall, for now, I feel it's best to just sit out, and wait.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-84091335625240700622007-07-21T12:28:00.000+08:002007-07-21T12:40:41.147+08:00

Dan Zanger's 10 Golden Stock Rules & Trading TipsNotice: My web site and its methodology work best for those people that can act promptly and without hesitation executing the golden rules and general notes listed below. It is also for those that are preferably on real-time quotes. Many stocks are listed in the nightly newsletter and only those that move quickly, on heavy volume, through the trend

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2tag:blogger.com,1999:blog-4276551329737757125.post-71405256292251071912007-07-20T22:29:00.000+08:002007-07-20T22:35:19.296+08:00

Today's session closed rather mixed, especially for the Penny Counters. Quite a few of them closed off their highs of the day.Give it a few more days. Because I personally feel that by then, the tone will be set for either more solid gains, or a possible further correction of sorts.Be patient and let the market, or PRICE tell us.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-69564106470227856112007-07-20T08:08:00.000+08:002007-07-20T08:14:45.577+08:00

For Achieva, the indicators are a tad bit overbought, but as you know, a stock can stay overbought, as long as its PRICE doesn't show a change in direction. All it needs to do is consolidate for a while, before it starts to move again. It's PRICE movement is key.On the other hand, it can also just spike up from here. Honestly, it's anyone's guess, at the end of the day.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-89784010202654217992007-07-20T08:02:00.000+08:002007-07-20T08:08:08.231+08:00

I like Ban Joo's chart purely because the indicators are deeply in oversold territory. But more importantly, PRICE will determine the next move. Will keep a look out for a bottoming of the PRICE. Like I said the other day, PRICE movements in the next few sessions will give us a better idea of what is to come.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-43576481074241136602007-07-19T20:22:00.000+08:002007-07-19T20:25:33.329+08:00

Was rather surprised by the resilience of the penny counters today. Quite a few of them actually bounced off their day's lows to post some very good intraday gains. I've singled out 2 counters for close scrutiny, namely Ban Joo & Achieva. Will post their charts later...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-71877077346467369152007-07-19T00:38:00.000+08:002007-07-19T00:41:23.567+08:00

AddValue Tech's PRICE has gone back to the level it orginally broke out from. Will have to see what holds for this counter, in the next few trading sessions.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-7523094095363667112007-07-19T00:32:00.000+08:002007-07-19T00:35:59.142+08:00

Still looks okay. It probably needs just a few sessions to sort out the bottom, before challenging the recent high of $0.19

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-14749663547445739372007-07-18T23:37:00.000+08:002007-07-19T01:06:33.721+08:00

And I'm not talking about Ugly Betty. A lot of the penny stocks charts were badly " damaged " by today's actions. Would probably need a few sessions to get a clearer picture. All said, it doesn't mean that all is doom. Some counters may face a slight retracement whilst others will lose more ground. The market will need to clear some back-log, before action comes rolling back again.However, one of

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-25011367106496199472007-07-18T18:20:00.000+08:002007-07-19T01:05:22.450+08:00

Well, the "irrational exuberance" on certain stocks (the last few weeks) finally caused a Sell-Down contagion effect on the rest of the market. Will scan through the charts to see what the impact is like, to some of the counters that were badly hit today.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-39165711708198981582007-07-18T15:49:00.000+08:002007-07-18T16:16:40.407+08:00

Was out since 11:30am & just step back into the house...All I see is a Sea of Red on my PC's monitor....What happened? A sell off in penny stocks? Am trying to confirm the actual events, leading to this occurrence, with my broker friend.In a situation like this, I always remind myself: DO NOT REMOVE OR ADJUST MY STOP LOSS PRICE.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-39611301548416562252007-07-18T11:13:00.001+08:002007-07-18T11:16:09.020+08:00

Some activity today on this stock, but I'm not in a hurry to enter as it is still within the trading range of $0.065 & $0.105. Will only go LONG with a touch of $0.11.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-13467794249076654032007-07-17T14:53:00.000+08:002007-07-17T14:54:55.021+08:00

Some activity today on this stock...$0.24 could well be the bottom.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-3420093663298499312007-07-17T12:27:00.000+08:002007-07-17T12:33:17.333+08:00

Media Ring's PRICE has dropped out of the triangle formed. Does look very bearish. The breakdown level is at $0.39 & personally, I would be getting out on any PRICE retracements up to the $0.39 level. PRICE looks to be heading down to test levels $0.31, $0.305 & $0.275.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-43977662584783617672007-07-16T22:31:00.001+08:002007-07-16T22:36:17.713+08:00

I'm keeping a closed watch on this one - A Breakout from the sloping Trend Line. Breakout level is at $0.315 with Support at $0.31. PRICE has been making higher lows at $0.265 (Mid May) & $0.285 (Early Jul). PRICE targets would be $0.335, $0.38 & $0.40.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-61393303558994525182007-07-16T21:29:00.000+08:002007-07-16T21:36:44.879+08:00

Another Breakout story by ABR Holdings - A stock that used to trade above a $1.00. Breakout level is at $0.285. I believe PRICE is heading up to challenge $0.47, $0.525 & $0.58 - Not all at once, of course...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-44139215085185264532007-07-16T21:19:00.001+08:002007-07-16T21:24:34.519+08:00

AddValue Tech did a breakout today. Breakout level is at $0.14. There was a "mini false breakout" last week but today's looks like the real deal. Personally, I would accumulate on weakness. Initial PRICE target I am looking at is $0.18, followed by $0.195. A good STOP LOSS level would be at $0.115.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-24287886247433488512007-07-16T21:08:00.000+08:002007-07-16T21:14:17.039+08:00

What a day! Looking at some of the stocks in the top 30 volume, one would think that these counters have gone berserk! Gains were in many fold as 52 week highs were clearly challenged & broken. Will other second-liner penny stocks follow suit? After all, it's a Bull market...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-36335981529326718502007-07-15T11:41:00.000+08:002007-07-15T11:56:29.062+08:00

Another Bullish Breakout by SSH Corp on Thursday. Breakout level is at $0.395. First target of $0.44 was hit on Friday's trading. Next potential target is at $0.495. My conservative STOP LOSS level is at $0.375.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-5491196599447659192007-07-15T11:26:00.000+08:002007-07-15T11:33:12.867+08:00

One can't help but to see the Bullishness in this stock. For 3 times in a row (Last Fri, inclusive), since Mid Jun 2006, the stock consolidated for a while, and broke higher. Will the Breakout this time fail, or will it head higher again? I would put my STOP LOSS at $0.305, if I am riding this baby for more upside gains.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-43289744772300643232007-07-13T08:38:00.000+08:002007-07-13T09:17:23.598+08:00

I've learnt, in the last 2 1/2 years, from the work of my Mentor, & his method of trading, is that you always need to confirm a Top/Bottom. I believe recently, one would have been bombarded from all quarters, "experts" calling for a market top - but from my charts, it says otherwise (we just cleared last Resistance of 1554.25, on the SWING Chart, making a new high at 1559.00, at the end of last

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-30283351286748199212007-07-12T15:56:00.000+08:002007-07-12T16:04:45.650+08:00

Am watching this counter closely. Including yesterday's low of $0.385, there has been 5 PRICE matches altogether, at this PRICE - clearly a sign of weakness/indecision, trying to go lower.If PRICE is able to trade above $0.41, then it would signal the first indication of a possible change in TREND, in PRICE. A long at this level of $0.39 - $0.395, with a STOP Loss at $0.36 is the other

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-23850466278668610552007-07-12T10:34:00.001+08:002007-07-12T10:51:12.078+08:00

The above is yesterday's end of day chart of Hyflux. Currently, at 10:35am, Singapore Time, Hyflux is trading at $3.12 (up $0.15 from yesterday's close), off from its day's high of $3.18. Clearly, it has broken out of the Rising Wedge. It is not uncommon for the PRICE to come back down, to challenge the breakout level at $2.96. However, there is also the possibility that it may not even head

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-763954351490724782007-07-11T23:56:00.001+08:002007-07-12T00:00:01.820+08:00

A possible PRICE Low at $0.315. Does look like PRICE is heading back up to test $0.36, then $0.39

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-79941098837860962972007-07-10T17:10:00.000+08:002007-07-10T17:17:57.562+08:00

I've been out the whole day seeing clients, and did not get a chance to see the market. Now, sitting in front of my PC, I see that ALANTAC has gone BONKERS !! It touched a low of $0.30 in the morning and it has closed at $0.36 !! It hit a low of just $0.22 when I first spotted it last Thursday and now it has closed at $0.36. That's almost a 64% gain just over 4 trading days !And the worst thing

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-3059546854018854672007-07-09T14:08:00.000+08:002007-07-09T14:10:59.937+08:00

Initial PRICE target of $0.10 has been hit. Subsequent PRICE targets are $0.12, $0.14 and $0.15. The "biggie" is at $0.185.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-59981483359761257822007-07-09T12:14:00.000+08:002007-07-09T12:20:32.101+08:00

Memory Devices is another counter I am watching very closely. PRICE could be bottoming here, with the Higher High (HH - $0.295) and possible Higher Low (HL - $0.25) forming. A change in TREND will be the case if PRICE trades above the Higher High (HH) of $0.295

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-56847732000400920732007-07-09T11:36:00.000+08:002007-07-09T11:40:00.161+08:00

My observations proved correct, for Adv Sys Auto. PRICE hit a high of $0.105 and volume is pretty decent too. Will have a look at the charts again to see where, is the next PRICE target.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-53779039576579191512007-07-09T11:33:00.000+08:002007-07-09T11:36:30.259+08:00

Was out and didn't manage to catch the market opening & PRICEs but WOW...!! ALANTAC definitely surpassed my expectations. Not only did it clear $0.285, it went up further to hit a high of $0.32 !

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-52227658348729263622007-07-08T21:44:00.001+08:002007-07-08T21:51:23.551+08:00

Personally, I would keep a close lookout for the PRICE action of this stock. If PRICE is able to trade above $0.42, it would signal a change in TREND. Even with that in mind, I would still put a tight stop-loss at $0.38.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-79071701965604362872007-07-07T11:14:00.000+08:002007-07-07T11:21:12.373+08:00

Yesterday's trading action showed the stock's strength. Hitting a low of $0.22 in the morning, the stock rallied in the afternoon, reaching the PRICE targets of $0.24 & $0.255 as mentioned in my post yesterday. Next PRICE target is $0.285

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-88734003242680078702007-07-06T14:49:00.000+08:002007-07-09T18:19:05.951+08:00

This Stock hasn't broken out yet but I like the PRICE movements - Higher Highs & Higher Lows. Keeping a close eye on it though. Am personally vested (small amount) at $0.08.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-33251412005992504512007-07-06T14:34:00.001+08:002007-07-06T14:37:40.815+08:00

ALANTAC is another stock that Broke Out of the Channel. Initial Support for retracement is at $0.215. My personal view is that the intial Price Target is $0.24, followed by $0.255 & then $0.285.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-57504943027323323832007-07-06T14:26:00.001+08:002007-07-07T11:12:54.807+08:00

For my Singaporean readers, here is one stock that did a Breakout from a sloping Trendline. Personally, I am looking at initial PRICE Targets of $0.23, followed by $0.265.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-51374164304266520202007-06-16T10:11:00.001+08:002007-06-16T10:14:10.787+08:00

Personally, I would stay clear until a clearer pattern or PRICE movement "evolves"...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-7296916273323276322007-06-16T10:06:00.000+08:002007-06-16T10:10:04.468+08:00

Will we see a Breakout to the upside, to challenge last Pivot High of $108.74 ?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-4722345334757313442007-05-26T10:09:00.001+08:002007-05-26T10:11:12.246+08:00

Will GOLDCORP INC (GG) break out?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-1472076475611610372007-05-23T12:05:00.001+08:002007-05-23T12:07:54.298+08:00

InterContinental Exchange, Inc (ICE)'s PRICE has pulled itself back into the Upwards Sloping Trend Line.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1tag:blogger.com,1999:blog-4276551329737757125.post-38261015736009037552007-05-23T11:59:00.001+08:002007-05-23T12:01:37.451+08:00

So, will it be a Bullish Break Out, or a Bearish Break Down, from the latest Chart Pattern being formed?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-26041854988811747452007-05-05T11:59:00.000+08:002007-05-05T12:00:16.624+08:00

It will be interesting to see if Wynn Resorts (WYNN) continues to move in its current uptrend, as it reports its earnings on Mon, 7th May. Or will it fail in it's challenge to breach the last high of $115.00 ? Monday holds the key...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-68253790763005930012007-04-30T19:00:00.000+08:002007-04-30T19:04:05.664+08:00

Are we seeing a reversal of trend for General Electric (GE)? Personally, if I am LONG, I would have my STOPs in place at the last pivot low of $34.55

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-61110350001671240182007-04-25T15:40:00.000+08:002007-04-25T15:43:12.700+08:00

The PRICE movement from the 16th April does suggest an interesting change in the direction of the overall PRICE. Time to look for a pullback to go long?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-4276551329737757125.post-61383137787331327242007-04-19T20:55:00.000+08:002007-04-19T20:58:00.174+08:00

It sure looks like a healthy Break Out for Boeing Co. (BA), after having traded in a range for the last few months.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0