SPC

As requested by Elizlow. Listed since 25 October 1990 on SGX Mainboard, SPC business activities can be classified into Downstream (petroleum refining, trading activities, storage and terminalling of finished products) and Upstream (exploration, development, production, sale of oil and gas and investment in pipelines).

Technically, SPC is very weak and closed on intraday low of 4.84, a 3-month low. Next support at 4.80/4.60 , if price rebound at 4.80 in accordance to the plotted uptrend channel, next significant resistance are at 4.96 and 5.20.

China Milk

As requested from the stocks poll. China Milk Products Group Limited is engaged in the production of pedigree bull semen, dairy cow embryos and raw milk. The Group's operations are in China.

From chart, .96 is established as the support for the time being. The 38.2% retracement from the low of .85 to high of 1.48 is at 1.10, which will be the resistance for any upwards rise. If .96 taken out, next significant support at .895/.85.

Unifood

Listed since 26 March 2001 on SGX Mainboard, United Food Holdings main business is the production of animal feeds, pigs of quality breeds, fresh, chilled and frozen pork, processed meat products and healthcare supplements in China.

From chart, .245/.23 , resistance at .27. RSI has hit support and momentum indicator is turning up, higher probability of price going up soon to test .27. A break og .245 on the other hand, would see price consolidate at .23 level.

ASL Marine

Listed since 17 March 2003 on SGX Mainboard, ASL Marine Group is an integrated marine company with core business in shipbuilding, shiprepair and shipchartering. The Group's operations are in Singapore and Batam, Indonesia.

From chart, support at .695/.67 , ASL hit .77 and receded, it will be a strong resistance to overcome in the near term. RSI is turing down from the 70% mark, signalling a sell, momentum indicator is turning down as well. Look to consolidation at the .69-.70 region.

Ellipsiz

As requested by Grace. Listed since 6 July 2000 on SGX Mainboard, Ellipsiz Ltd provides engineering and advanced packaging solutions to customers in the semiconductor industry in Singapore, Malaysia, Taiwan, China, Vietnam and the USA. The services provided by the Group are divided into Fabless Solutions, Wafer Fab Solutions and Test & Advanced Packaging Solutions.

From chart, the 38.2% retracement from low of .42 to high of .72 is .535 while the 61.8% retracement is .605, which happens to be the current resistence that the price had hit a ceiling. Look to consolidation at the .535 to .56 region before testing .605 again as rsi is beginning to turn downwards at the 70% overbought mark.

Hong Leong Asia

As requested by Sealion. Listed since 6 March 1998 on SGX Mainboard, Hong Leong Asia Ltd is a manufacturer of Home Appliances, Diesel Engines and Industrial Packaging products with its major manufacturing businesses based in China.

From chart, the 38.2% retracement mark from low of 1.20 to high of 1.95 is 1.45 while the 61.8% retracement mark is 1.67. As such, 1.45 will be a gd support for HL Asia to launch another upwards assault. From the trend channels drawn, prices may not even touch 1.45 before it resumes trending up to test 1.67 again. RSi is turning up, very high chance of price going up north.

Advance SCT

Listed since 24 November 2004 on SGX Sesdaq, Advance SCT Limited provides Printed Circuit Board (PCB) services such as PCB testing, distribution and rental of PCB-related equipment.

Technically, from rsi's trend channels, there may yet be more uptrend for Advance SCT before retracing. Support at .405/.37/.33.

Many times, i was asked by people whether they should enter a position for a particular stock. There is really no certain answer for that, cause u have to know why u notice the stock in the first place. Heard from research report? Broker's call? Tips from your broker? Or from a friend who work in that particular listed company? Or you just happen to notice a nice chart formation yourself. Frankly, i would go for a combination of the above factors BUT with a heavier weight on the chart formation part. Next u have to ask yourself what is your timeframe of trading that stock? Buying it for contra? Can u wait for one month with little movement in the price? When u have the answers for the above, the next crucial part is to ask yourself: How much rise in the price will i be satisfied to take profit on? And equally important: How much drop in the price can i endure before cutting it short? When you have the answers of these questions, frankly u can go ahead and trade the stock. There is none other in the whole world u can trust but your very self. Trust your instincts. Others judgement may not necessarily be better. And most importantly, take responsibility on your own actions. This way, you would have little regrets/fears/guilts in trading or not trading a particular stock. Take care of your mental processes and the profitable trades will take care of itself. Gd luck!

Semb Kim

Listed since 3 February 2000 on SGX Mainboard, Sembawang Kimtrans Ltd is a leading integrated logistics service provider, offering air, land and sea logistics services.

From chart, last two session's of super volume propelled sembkim past its all-time high at .65 to close at a new high of .685. However, as draw on the chart, it is still below its main uptrend channel resistance. RSI is showing super strength as it maintains itself above the 50% mark since it recovered in early june'06. Significant support for any downside at .635 and .585.

Midas

Listed since 23 February 2004 on SGX Sesdaq, Midas Holdings Ltd is a manufacturer of aluminium alloy extrusion products and polyethylene pipes.

Technically, Midas has touched the all-time price of .975, and is now at a crucial point. Will it breakout of the all-time high or will it retrace back its recent rise? RSI is at the overbought region, however it has not turned down yet. Watch the .95 region; if broken, price may retrace back to support at .85 region. Next support at .76.

STX PO

As requested by shrek. Listed since 14 July 2005 on SGX Mainboard, STX Pan Ocean Co Ltd is a leading Korean shipping company, ranking among the top ten in the world in the DWT capacity of its owned dry bulk fleet. The Goup major operations of transporting iron ore, coal, grain, steel products, cement etc, are in Asia.

From chart, the 38.2% retracement level from low of .53 to high of 1.00 is at .705 which will be a significant support level after it is surpassed. Currently price has hit the ceiling at .84 and came down. If price fails to consolidate at the .78 region, the testing of resistance at .84 followed by .905 will take quite a while. RSI is showing signs of dropping from the overbought 70% mark, signalling a sell for the moment. Downside is a break of .705 towards .605.

MediaRing

As requested by JAMES. Listed since 19 November 1999 on SGX Mainboard, MediaRing provides telecommunications solutions and systems such as Voice over Internet Protocol (VoIP)telephony.

From the chart, significant support is established at .34, rsi showing strength and could bring it towards .40 again, which is a significant resistance. Downside risk is a break of .34 towards .315.

On the boardroom front, MediaRing's top managment will be meeting up with PacNet's on having MediaRing's representation on the PacNet's board. Could be issue used to play the stock on news of possible avenues of synergy in collaborations.

STi 2500 SGAePW060928

As requested by Yen. From chart, support level at .38, currently it is reeling from a double top formation, if it fails to recover back to .60, there could be more downside to it. RSI is showing weakness below the 30% oversold mark.

I am actually quite resistance to charting warrant as i believe its movement is not guided by recurring chart patterns which is the core of my charting. We shall see if this is the case for this put warrant.

SSH

As requested by Yen. Listed since 28 July 1997 on SGX Mainboard, SSH Corporation Ltd formerly known as Sin Soon Huat Ltd main businesses consist of trading in industrial materials, welding and cutting equipment.

Technically, the 38.2% retracement from the low of .20 to high of .355 is .26, which should provide support for the price in the mean time. Next significant support at .24. The 61.8% retracement is at .295 which was tested twice recently. Look to a consolidation at the current region for another attemp at .295. Downside risk is a break of .26 towards .24.

Pacific Andes

As requested by crabbie. Listed since 4 October 1996 on SGX Mainboard, Pacific Andes (Holdings) Ltd is primarily engaged in the global sourcing, transportation and supply of frozen seafood products to the international market such as the PRC.

From chart, Pac Andes is meeting strong resistance at .74 , which happens to be the 38.2% retracement from its low of .64 to its high of .92. If it fails to consolidate at .70 region, next significant support is at .65. On the upside, a breakout of .74 with volume would bring its next target at .81.

NOL

As requested by Postulate. Listed since 19 May 1981 on SGX Mainboard, Neptune Orient Lines Ltd is a transportation company providing container transportation and supply chain management services. The Group operates a modern fleet of vessels with every vessel certified to the latest ISM (International Management Code for the Safe Operation of Ships and for Pollution Prevention) standards.

Technically, NOL made a breakthrough in its chart formation when it broke out of 1.82 level with volume, which happens to be the converging of the important moving averages which serves as important resistances and support levels. Now 1.82 has become a significant support level. the 38.2% retracement from the low of 1.52 to the high of 2.71 is at 1.98, which once broken, would send NOL to 2.12 again. Downside is a breakdown of the 1.80. Next support at 1.73. From chart formation, NOL is trending upwards again in its persisting trend channels.

This brings us to another point, which is why is NOL's upwards trending so strong despite the many negative concerns surrounding the shipping industry in general? Personnally i have made the mistake of shorting NOL in the past without a thorough look at its chart formation and got caught on the upside. My point is, whatever fundamental news a stock may have, the immediate outlook and short term direction of a particular stock can always be infered from its chart formation. The Key is in the details ..

ST Engineering

As requested from the stocks poll, i present to you ST Engineering for this coming 41st National Day. Listed since 8 December 1997 on SGX Mainboard, ST Engineering Ltd is an integrated defence and engineering group engaged in four sectors namely Aerospace, Electronics, Land Systems and Marine.

Technically, ST is resuming its main uptrend, which was interrupted during the may-june correction. RSI is showing gd strength which may push it to breakout of the resistance at 2.87 which coincides with the 38.2% retracement from its low of 2.55 to its all-time high of 3.34 achieved in april'06. Significant support at 2.80 followed by 2.67. A breakout from 2.87 would see it return to the $3 region once again. Downside risk is a breakdown of 2.67 towards 2.55.

Asiapharm

As requested by Elizlow. Listed since 5 May 2004 on SGX Mainboard, Asiapharm Group Ltd is engaged in the research, development, production, distribution and sale of pharmaceutical drugs with major operations in China.

From chart, next support at .675 and .65 , rsi is weak at the moment and may consolidate for awhile between the .675-.65 level before staging a rebound. Target at .72 followed by .78. Right now, the moving averages would serve as a resistance and capping any upward thrust at the .72 region.

Sino Environment

As requested by victor. Sino-Environment Tech Grp Ltd provides environmental protection and waste recovery services such as treatment, management and recovery of volatile organic compounds. The Group's major operations are in China.
From chart, sino is showing signs of topping out at the .95-.97 region. RSI has turned down from the 70% mark, showing weakening in its upwards momentum. Next support at .915/.88 .
It is interesting to note that while sino's price is weakening, hyflux is rising. It could be investors is switching funds around. Before sino got listed, hyflux and bio-treat displayed such inverse price relationship many times as well.

Olam

As requested by wtuck & victor. Listed since 11 February 2005 on SGX Mainboard, Olam International Limited provides supply chain solutions to global companies such as Kraft, Cadbury, Mars and Nestle. The Group sources agricultural products and food ingredients for customers spread all around the globe.

From chart, Olam had a strong run up from its recent bottom at the 1.20s region. A pullback should find gd support at 1.44, to test 1.56 and 1.63 again. RSI is showing tremendous strength in its recent rally.

SIA Engineering

Listed since 12 May 2000 on SGX Mainboard, SIA Engineering Company Ltd core businesses are the maintenance, repair and overhaul services to air carriers.
SIA Engg is one of the hottest stocks among the institutional investors by virtue of its capital restructuring potential and of late, the speculation that it may well be divested by SIA as being a non-core business unit to its parent company after a meeting between MM Lee Kuan Yew and the SIA management. MM Lee urged SIA to be more competitive and concentrate on its core biz as a premium airline. There is even talks of it being merged with ST Engg which the latter promptly refuted.

Technically, SIA Engineering's price consolidated back to the 3.50s region after going ex-dividend. If it hold up well above 3.50, next target for a rebound is 3.64 followed by 3.78. RSI remains below the 20% oversold mark and it could be a matter of days before it breaks up. Look to the upwards sloping price trendline for likely retracement's direction following a breakout of the rsi.

Recently a member of parliament cited that Minister Mentor Lee Kuan Yew's public comments on the need for SIA to divest its stake in SIA Engineering Company and SATS was an example of government's continued involvement in GLCs. He then suggested that the government found it difficult to take a "hands-off approach" because our GLCs are still in need of guidance from visionaries like MM Lee. Hmm, makes one wonder if he would be as visionary in the stock market..

Longcheer

Listed since 13 May 2005 on SGX Mainboard, Longcheer Holdings Limited is engaged in the provision of mobile handset design with its major operations located in China. Recently there are lawsuites filed on competitors of Longcheer in China on design patents infringements. Basically how these china handsets design firms work is that they imitate to a certain extent newly released handset designs by the big names like nokia, motorola, siemens etc and come out with a cheaper version that resembles the originals.

Generally, the consumer market segment which are price sensitive is the biggest everywhere, more so for China. And if one can obtain the latest nokia lookalike mobile design at a fraction of the cost, the answer is obvious.

Technically, Longcheer has struggled to break through .865 in its recent recovery which will now be a tough resistance to overcome. Look to .70 for a crucial support that will determine if it consolidates and rebounds. If it does, there may yet be something to cheer about. The other alternative simply will not be pretty.

The above was posted almost 3 weeks ago. Since then, Longcheer has held the .685-.70 fort pretty well. Today it closed on its intraday high at .81, and looking towards another attempt to break the .87 - .895 region which it failed in early july. Cheering, anyone?