Weekly SGX Update: S&P CNX NIFTY
26 of March, 2012
By James A. Hyerczyk After consolidating for several hours, the S&P CNX Nifty rebounded to the upside, regaining close to 50 percent of the break from 5385.93 to 5220.93. The final bottom helped form the support line of a falling wedge chart pattern on the 60-minute chart, creating an emerging pattern. Based on the strength [...]
Weekly SGX Update: UOL Group Limited (U14.SI)
19 of March, 2012
By James A. Hyerczyk UOL Group Limited (U14.SI) had two breakouts to the upside on Friday on the 240-minute charts. The first was a breakout through the resistance line of a triangle chart pattern. Autochartist forecasts that this pattern is likely to lead to a rally into the forecast price range at 4.81 to 4.87. [...]
Weekly SGX Update: China Aviation Oil Corporation Ltd. (G92.SI)
12 of March, 2012
By James A. Hyerczyk The formation of Point C helped China Aviation Oil Corporation Ltd. (S92.SI) create an emerging ABCD Fibonacci Pattern on the 1440-minute chart. Based on price and time symmetry, the equity CFD is expected to rally over the near-term until it reaches the upside objective at 1.47. If a top forms at [...]
Weekly SGX Update: United Overseas Bank Limited (U11.SI)
5 of March, 2012
By James A. Hyerczyk United Overseas Bank Limited (U11.SI) bucked the trend set by most global indices and broke out to the upside of a triangle chart pattern on the 60-minute chart. The move through resistance has set up the equity CFD from a potential move into the Autochartist forecast price zone at 18.28 to [...]
Weekly SGX Update: Straits Times Index (STI ETF)
27 of February, 2012
By James A. Hyerczyk Investors refused to chase the Straits Times Index (STI ETF) higher several times last week, leading to an end-of-the-week sell-off and helping to form the resistance line of a channel up chart pattern on the 1440-minute chart. The gap lower shortly after the final top near 3.05 is a strong sign [...]
Weekly SGX Update: Jardine Matheson Holdings Limited (J36.SI)
20 of February, 2012
By James A. Hyerczyk The failure to ignite a sizable break after testing the swing bottom near 49.75 helped Jardine Matheson Holdings (J36.SI) form the uptrending support line of an ascending triangle chart pattern on the 240-minute chart. The size of the candlestick which confirmed the bottom suggests that a strong upside bias may be [...]
Weekly SGX Update: Jardine Matheson Holdings Limited (J36.SI)
13 of February, 2012
By James A. Hyerczyk After reaching 54.00 on February 7, Jardine Matheson Holdings Limited (J36.SI) broke sharply, helping to form the resistance line of an emerging triangle chart pattern on the 1440-minute chart. Not only has the price action created a possible triple top using a long-term view, but the break through the last swing [...]
Weekly SGX Update: GuocoLand Limited (F17)
6 of February, 2012
By James A. Hyerczyk Late last week, GuocoLand Limited (F17) broke out to the upside of a triangle chart pattern on the 1440-minute chart, putting the market in a strong position to reach the Autochartist forecast price zone within the predicted time period. Based on price and time analysis related to the chart pattern, the [...]
Weekly SGX Update: Singapore Exchange Limited (S68.SI)
30 of January, 2012
By James A. Hyerczyk The Singapore Exchange Limited (S68.SI) equity CFD took out the long-term downtrending resistance line of a channel down chart pattern on the 1440-minute chart, completing the chart pattern and signaling a possible breakout to the Autochartist forecast price zone at 6.78 to 7.09. The channel took 100 candlesticks to form. This [...]
Weekly SGX Update: CapitaLand Limited (C31.SI)
23 of January, 2012
By James A. Hyerczyk CapitaLand Limited (C31.SI) broke out over the resistance line of a falling wedge chart pattern on the 1440-minute chart, triggering the start of a possible rally into the Autochartist forecast price zone at 2.94 to 3.54. The 195-candlestick length of this chart pattern is significant because it suggests that traders have [...]