Singapore Stocks - Ichimoku Analysis Week 6

AMTEK ENGINEERING LTD (M1P)






This week, stock under the watch out is AMTEK ENGINEERING LTD (M1P). This stock has been trending lower since early 2012.

Technical Analysis (Ichimoku Charting)

Tenkan sen had cross over Kijun-sen while in the ichimoku cloud region, and had been diverging away from each other, a sign of increase in momentum of the price action. Chikou span, has also cut through tenkan-sen and kijun-sen, more important, it has cut above the ichimoku cloud high. The next resistance level to watch out for will be 585.

Trading Strategy (Ichimoku Trading)

A long at current level or better with stop loss below 500, this is almost 17% risk. However, this risk could be reduce further in a couple of days time to 10% with stop loss level is shifted to 530. First level to worried about the long position will be around 555. 630 will be a level to watch out if the price action manage to break through.

Singapore Stocks - Ichimoku Analysis Week 5

FrasersCT

This week, we will be looking at FrasersCT(J69U). This stock has had a good run since early 2012. It has been above the ichimoku cloud since late February 2012. Price action has never went into the kumo cloud until recently in last December

Technical Analysis (Ichimoku Chart)

Tenkan sen cut below the kijun sen the second time in recent periods. Price action had also went below kijun sen. In addition, price action is in the kumo cloud. Chikou span has also cut below the kijun-sen. The forward kumo cloud is getting thinner.

Trading Strategy (Ichimoku Trading)

Current price level is a good level for new position takers to come in and acquire the stock. Also, stop loss level will be tight, just below the ichimoku cloud level, around 1.90. Due to thin cloud ahead, the price action could be choppy. If sentiments are that the stock has had a good run and coming to end, look to short with price level below 1.90 and stop loss at 2.02 during initiation and adjust lower just above cloud hi.

Singapore Stocks - Ichimoku Analysis Week 4

We are revisiting 2 of the Singapore stocks, Noble Group and Hyflux which we have covered previously.

1. Noble Group

It was previously mentioned the previous level 1.24 provided good opportunity to long, with stop loss below 1.11. And to look for activities if price traded above 1.27.

Technical Analysis (Ichimoku KinKo Hyo)

Price action remains above the kumo cloud channeling between 1.21 to 1.25 but below the tenken sen now. Chikou span is about to break above the cloud hi, providing bullishness to the overall price activities. The ichimoku cloud ahead is providing support to the price action for it to stay above the kumo cloud.

Trading Strategy (Ichimoku Trading)

Continue to maintain long. If price action goes to 1.24 and gains momentum, it is not difficult to see it break 1.27. Stop loss level can be raised to 1.14.

2. Hyflux 



























It was a roller coaster ride for Hyflux. Price action went down to 1.29 from 1.35 after our post on Hyflux. However, it never went below 1.27 (Just yet)

Technical Analysis (Ichimoku KinKo Hyo)

Price action went up to 1.38 after establishing low at 1.29, it is now 1.375, the level mentioned in the previous post to look out for.

Tenkan-sen remains above kijun-sen and emerges out from the ichimoku cloud. More significant, chikou span has also cut above the ichimoku cloud. The forward cloud has changed from bearish to bullish, but support remains thin.

Trading Strategy (Ichimoku Trading)

Continue to maintain long and stop loss remain at 1.27, with adjust to 1.29 later.

Singapore Stocks - Ichimoku Analysis

1. EuYanSeng

Technical Analysis (Ichimoku Chart)

Tenkan-sen has crossed over the Kijun-sen a couple of days ago. Both lines are in the middle of the ichimoku cloud.

Chikou Span has also cut above both the tenkan-sen and kijun-sen, it remains below the ichimoku cloud hi. Chikou span attempted to cut above the ichimoku cloud hi in the past few day, and not succeeded. It is now below the ichomoku cloud low.

Ichimoku cloud itself is thick, and should provide good support and resistance depending where the price action will be.

Price action has traded briefly above the cloud hi. It is now in the cloud region..

Trading Strategy (Ichimoku Trading)

Depending how the price action unveils itself, a strong buy will be around 0.620-0.630 region. If price maintains to hold in the current level (0.600 - 0.6100), can look for a buy when price trades above 0.615. Stop loss level will be 0.580.

For short level, will be around 0.58- with 0.610 for stop loss.

Both long/short will risk around 8%.



2.0 Broadway Industrial Group

Technical Analysis (Ichimoku Chart)

This stock has the required ichimoku indicators to go for a long.

Trading Strategy (Ichimoku Trading)

Conservative trading will look to establish long position around 0.32 level if there is any chance to do so with stop loss below 0.290 level.

Aggressive trading will look to establish long position around 0.35 level with stop loss below 0.290 level.

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.