On Monday, Hyflux re-tests the resistance at $3.16 and closed at $3.16 with HIGH volume of 1.29 million shares traded. Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. Both RSI & MACD are bullish as RSI [...]

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Today Hyflux failed to break its resistance at $3.40 and closed right at $3.40 with high volume of 3.97 million shares traded. A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar. Both RSI & MACD are still bullish [...]

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Yangzijiang is one of the few stocks which the uptrend still intact though STI has dropped over 200 points for the past 2 weeks. After the breakout from $1.26 at April 2010, Yangzijiang trading volume has increased quite significantly to indicate its high volatility.  Currently this counter resting at the resistance turned support of $1.26 [...]

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On 27/Apr, Singapore shares ended lower Tuesday with China stocks weighed by concern that Beijing may launch harsher measures to cool property prices. STI ended 10.94 points (0.4%) lower at 2991.68 points with LOW VOL of 1.76 billion shares traded compared with 2.05 billion Monday. In the broader market, loser outnumbered gainer 350 to 184. [...]

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Recommend a buy on Hyflux at the price of $3.36 and below. On Fri, Hyflux managed to hold at the support level of $3.38 though the sell off VOL is high at 2.1 million (Twice Ave VOL). I strongly believe that Hyflux will be able to hold around this level and do a consolidation phrase [...]

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