Singapore Stocks-Ichimoku Analysis

1. Noble Group

Update from post last week for Noble Group, price action is now between 1.23-1.25 and cloud hi at 1.21.

Technical Analysis (Ichimoku Charting)

While tenkan-sen is above kijun-sen, both are in the kumo range. Chikou span remains below the cloud lo, and forward cloud remains thick until further forward (After 11 Feb)

Trading Strategy (Ichimoku Strategy)

Current level remains good opportunities to establish long, with stop loss below 1.11. Look out for activities if price trades above 1.27.

2. Olam International

Unfortunately, price action never trades above 1.73, not to mention 1.78 as per last week post.

Technical Analysis (Ichimoku Charting)

While Tenkan-sen is above Kijun-sen, both are below the kumo cloud. Chikou span has just cut above the Kijun-sen, forward cloud remains thick, which means strong resistance to the price action looking to break 1.73.

Trading Strategy (Ichimoku Strategy)

If on CFD, may look to short with stop loss above 1.73. 

3. Hyflux

Just another Singapore Stock, Hyflux.

Technical Analysis (Ichimoku Charting)

Tenkan sen above the kijun sen, both in the kumo cloud. Chikou span already cut above the tenkan-sen and kijun-sen. Forward cloud is thick providing some support to the price action. Price action about the break cloud hi.

Trading Strategy (Ichimoku Strategy)

Can consider to start establish long at current level, with stop loss at 1.27. Price level to look at is 1.375 and above.

EURUSD Ichimoku Trading since 03-Jan-2013 #3

Continued from previous post.

Price action has been giving a wild swing. It is now above 13200 level. Positions have been established around 13090, 13050, 13200 & 13215 with stop loss @ 13250. Again, may be stopped out soon.

Technical Analysis (Ichimoku)

Tenkan-sen is converging towards kijun-sen, but yet to cut over. And both tenkan-sen and kijun sen are below the kumo cloud. However, chikou span has already cut the kumo cloud hi, but yet to cut tenkan-sen and kijun-sen. Price action itself is above the kijun-sen and below the kumo cloud.

Strategy (Ichimoku)

As with the very first post, opportunities arise below 13050 and above 13100-13200 where the thin kumo cloud is, which provided low resistance and support to the price action. It is happening now. With price action below the thin kumo cloud, it is still a bear trend. Sellers can add short with very limited risk just above the cloud hi. Buyers may want to hold till the confirmation of the price action above the cloud hi. Do take note of the forward cloud support level at 13150.

Singapore Stocks (Noble Group & Olam) Ichimoku Analysis

This blog has been blogging on ichimku charting to forex. As part of the new year resolution, I have decided to blog on Singapore stocks using ichimoku charting, probably on a weekly basis.

Unlike the forex trading which I have been blogging, blog on Singapore Stocks is solely my interest to blog on ichimoku charting to Singapore Stocks.

As a start, 2 stocks are selected, Noble Group and Olam International.

1. Noble Group Charting below:

The price action activity has been volatile for the past few months. From a low of 1.02 to a high of 1.38 and to where it is now, 1.205.

Technical Analysis (Ichimoku)

Tenkan-sen has cut above the Kijun-sen, and Chikou span is about to cut above Kijun-sen. Price action has also penetrated the lo of the kumo cloud, and looking to pierce through the kumo cloud hi. The kumo cloud is thick ahead, providing good support if price action is above the kumo cloud. However, chikou span still have a distant to go before going above the kumo cloud.

Strategy (Ichimoku)

With the thick kumo cloud ahead and price action activity around the cloud hi, it provides opportunity to start establishing long position at the current level. Watch out the price activity ahead, with stop loss below 1.11. Depending how the price action ahead, level to watch is dependent when the chikou span cut above the kumo cloud.


2. Olam International Charting below:

This is a stock which has gained attention for the past few weeks due to Muddy Waters's Report. Do a search on google and you can find out why the sharp fall.

Technical Analysis (Ichimoku)

Tenkan-sen has cut over the Kijun-sen below the kumo cloud, and chikou span is above the cut above tenkan-sen. Price action itself is above Tenkan-sen and about to go above the cloud lo.

Strategy (Ichimoku)

It takes a very strong move to have a change in trend, as chikou span is at a distant away from the cloud hi. It can see the fight between the bears and bulls. Sellers may that take the view to add more positions at the current level, speculative buyers at the low may also choose to exit. Will probably need some forms of catalyst to have the trend change. Should the price trade up to 1.73-1.78 range in the new few days/weeks, this stock will probably worth to take a note.