Midas Holding Ltd Technical Analysis - Jan 2017

Midas has been making new low towards near 0.2. I doubt the company would allow it to go below 0.2 (even if it does, will be brief imo). Looking at the monthly chart, it seems that there is a Adam and Eve double bottom. There is also a falling wedge, with target at ~$0.55 - 0.6. The neckline of the double bottom is at $1. This is where most long term holders profit taking is likely to take place. If the double bottom is valid, overcoming the neckline would bring price to $1.2 - 1.8 range.

Oceanus Group Ltd Technical Analysis - Jan 2017

There is a falling wedge and a descending channel at the moment. An island reversal is possible as accumulation seems to be ongoing. I am looking at the first resistance at 0.028 - 0.03 - 0.045. This is the first target area. A new CEO has been placed and a major restructuring in the business is ongoing. Should the plan works, I will be looking at 0.1-0.2. As the CEO seems to be confident that they could meet the MTP, we shall see. The short to mid term target is 0.03 - 0.045 while the mid to longer term target is 0.1 - 0.2. We shall see how fast the company recover. ( Please note that this company had a bad fundamental and undergoes many changes with the new CEO. DYODD! )

Intel moving into autonomous vehicles business - Bullish long term!

BMW, Intel and computer vision firm Mobileye have signed a deal to develop autonomous vehicles.The three firms will collaborate on the systems needed to make cars that can navigate without any help from a human driver.The vehicles will be capable of driving safely along major roads as well as in suburban and inner city areas.BMW said it hoped the collaboration would mean it could put robot cars into production by 2021.

Intel strategy to move away from PC to other growth areas like autonomous vehicles (this is the future, together with electric car!), cloud computing, data center and IOT should bear fruit soon. Long term target: $40-50 (The dividend payout is one of the best. What are you waiting for?)

Related Post:
Intel Technical Analysis Monthly View

International Healthway Corporation (IHC) Ltd Technical Analysis - Part 2

Just want to show the weekly chart that there seems to be a lot of accumulation in the yellow region within the consolidation triangle. Someone seems to be accumulating!

If there is no further extension to convening the AGM, it shall be held by 15 July 2016.

Related post: International Healthway Corporation (IHC) Ltd Technical Analysis

SMRT Corporation Ltd Technical Analysis

1. From the first chart, SMRT is currently consolidation at the yellow zone.
2. History has shown that the price bounced 4 times after consolidating at the yellow zone whereas price dropped 2 times after consolidating at the yellow zone. Thus, probability of bouncing up is higher.
3. There seems to be a double bottom (Adam and Adam) pattern in formation and the measured move is the green zone. 
4. The second chart shows a declining in volume, with price slopping upwards which is a good sign of pattern in formation.
5. I could only think of rail refinancing as the main catalyst for the breakout. In the long term, crude oil price shall remain low and this should be a supportive factor for price to move up as well. 
6. Patience investors would be rewarded

Tesla Motors Technical Analysis

There is likely a inverse head and shoulder forming. With Telsa model 3 electric car coming out soon, and Tesla trying to convince model 3 reservation holders to buy model S 60 instead, the demand for their car will only increase. Once the production for model 3 (for mass market) stabilize, we should see the stock price going up. $400 is the target.

I subscribe to the belief that electric car is the future. There are many positive development in this industry. Sooner than later, the urban road will be filled with many electric cars.

International Healthway Corporation (IHC) Ltd Technical Analysis

IHC seems to be consolidation in some sort of triangle. Measured move is around 0.118. There could be an island reversal once something positive pan out. This counter is really a long term hold if you have the patience. Once the hospitals are built and revenues start coming in, positive sentiment will be back.

China New Town Technical Analysis

You have to be patient with this counter. There have been a lot of positive development going on with this counter, though the fruit will be realized later. China new urbanization program is just beginning. Once it has gained strength, expect this counter to shoot up to the star.

Monthly chart is showing a clear triangle consolidation. It is at the end of the consolidation. It could take a few months to a year ++ for the break out to happen. The measured move is around 0.25.

In the daily chart, there is a gap below. I expect the gap to be filled first.

Ezra Technical Analysis Part 3

The price is still testing the symmetrical upper resistance line. There is still a possibility of closing the gap. As long as the price did not drop back inside or below the symmetrical triangle, something positive is cooking for a big bounce.

Related Post: Ezra Technical Analysis, Ezra Technical Analysis Part 2

Cosco Singapore Technical Analysis - Part 2

Cosco drop below 0.3 but recover back to 0.3. I see that it is still within the falling wedge. the yellow zone seem to be the buying zone. We will know in the next couple of weeks if the bounce will happen.

Related post: Cosco Singapore Technical Analysis

Ezra technical analysis - part 2

As expected, it either continue to go up or test the symmetrical triangle upper resistance first. As long as it does not close below the triangle, the bounce is intact.

Related post: 

Ezra technical analysis

Ausgroup Ltd Technical Analysis

Ausgroup has reached all time low.

A falling wedge is seen in formation.
The red colour rectangle is the area of resistance.
Assuming the low is reached (hard to predict), the red colour area should be the area of magnet and it could be a resistance for weeks or months before price heading to the upper trend line of the falling wegde.

A downtrend channel is also seen in formation. If valid, price possibly going to try to test the upper trend line.

The measured move of the falling wedge is the yellow colour area. How soon and whether it could move there remains to be seen.

Please do note this analysis is for long term hold and assuming Asugroup does not fold up due to the oil and gas sector crisis, with positive development in the pipeline. (N.B: Fundamental aspect of Ausgroup is very bad at the moment. Trade at your own risk.)

Intel first major mobile win from apple - up to 50% market share

Apple has chosen Intel modem chips for the iPhone used on AT&T Inc.’s U.S. network and some other versions of the smartphone for overseas markets, said people familiar with the matter. IPhones on Verizon Communications Inc.’s network will stick with parts from Qualcomm, which is the only provider of the main communications component of current versions of Apple’s flagship product. Crucially for Qualcomm, iPhones sold in China will work on Qualcomm chips, said the people, who asked not to be identified because Apple hasn’t made its plans public.

http://www.bloomberg.com/news/articles/2016-06-10/intel-said-to-get-chip-order-from-apple-first-major-mobile-win

http://appleinsider.com/articles/16/06/10/intel-lte-modems-to-power-att-version-of-apples-iphone-7---report


Check out here to see why I am still optimistic on Intel altough PC market is shrinking. This is for long term hold:
http://tachartreading.blogspot.com/2016/06/intel-technical-analysis-monthly-view.html

Midas Holding Ltd Technical Analysis

Midas appears to have bottom, if not rather near to bottom already. A falling wedge seem to be in formation and the measured move is around 0.6-0.65. Thereafter, consolidation could happen at around 0.56 - 0.6 before the market decides the next direction. I am curious to find out if it would go to 0.8-1 in the longer term. We shall see.

Ezra technical analysis

1) There is breakout of symmetrical triangle.
2) There is a possible imperfect iH&S.
3) Measured move is at the 1st target area.
4) If it is going to close the gap, could hold for 2nd target.

N.B: This is purely technical and there is nothing fundamental good about Ezra at the moment. It is halted at this moment pending some announcement. Trade at your own risk appetite.

There are many possibilities why this counter is halted. Below analysis quite thorough. I got it from http://www.sharejunction.com/:

Fastbucks123      ( Date: 10-Jun-2016 14:01) Posted: 

Let me re post for the benefit of those who didn't read:  Possibilities:  1. Rights issue: unlikely cos Lee family already broke after subscribing last rights at 0.105. Their vehicle, jit sun, exited loyz energy.  2. Contract: not likely. Normally they announced after their results announcements. The most is halt one day  3. New shares: Maybe. And if so, some one reputable must be some reputable kid on the block or its existing partner Chiyoda.  4. Takeover: possible. As nav is grossly higher than the current share price. Overall macro industry is improving and good time to offer. Lots of intrinsic value.  A. Takeover party: chiyoda- highly possible. Had been very quiet ever since their last done deal  B. Takeover party: Lee family privatization?- unlikely. They are broke  C. Takeover party: some big names. Maybe  5. Share consolidation: unlikely- why now when they have a good two months to pump the price and market is conducive and not difficult to do so. Also if consolidation, why would share price moved up? The last consolidation MTP Requirment sent the price down to 0.048 (the lowest) if everyone remembers.  6. Merger with triyards, emas....: unlikely cos they are not halted.  My conclusion and speculation: it will be a good news cos the news got leaked out and someone bought and bought till exchange forced company to halt it.  pS I appear to talk rubbish in other counter forum. But I can be dead serious and talk sense from my 20 years of trading. Good luck all. I am deeply vested in this. Good luck to me too.

Intel Technical Analysis - Monthly view

From monthly perspective, Intel has ih&s of ih&s within the chart over a span of 10 over years. There is a last ih&s spotted. The measured move is around 45. My target is 40-45-50. Bear in mind this is a long term target.

As long as it does not close below 28, the above would be valid.

There is another confirmation. The formula is to use the sum of the high and the low divided by 2 will be where the price could retrace. The high is around 76 while the low is around 12. Using the formula would get us to $44, within my target range.

Fundamentally, their cash cow PC market is shrinking but dropping slowly. Mobile business see no fruit yet but at least for now they get a contract win from Apple for iphone 7. Data center still strong. IOT still see not much fruits but I expect the hype on IOT to increase in the years to come when more and more devices are connected to one another.

Intel has announced transition to a company that powers the cloud and billions of smart connected computing devices. Whether if the strategy work out eventually remains to be seen. Short sellers are increasing. Once the hype about the success of the strategy increase, watch how fast the price will shoot up once the short sellers cover.

Cosco Singapore Technical Analysis

1) A falling wedge is forming inside a big consolidation triangle.

2) The measured move of the falling wedge is around 0.4 - the first target.

3) The measured move of the consolidation triangle is at around 0.7 (the second target) but it needs to overcome the strong resistance zone at 0.6 first.

Zooming in on the falling wedge, based on 13th Jun chart, the price is testing the falling wedge upper resistance line. As long as price does not close below the wedge, first target could be achieved.

From monthly TF perspective, Cosco could possibly have reached bottom and ready to go up to 0.6.before going to 0.7. If the falling wedge pattern fails to materialize inside the consolidation triangle, it could test the bottom and possibly test new low at 0.254.

Related post: Cosco Singapore Technical Analysis Part 2

Genting Singapore Plc technical analysis

Possible IHS spotted. Target: 1.1-1.2

INTC technical analysis

This old man stock is really moving so slow. Intel recently announced they are going to have restructuring (retrenchment target:12K) was affecting the stock price for a short while. From the fundamental perspective, it going to take a couple of years before Intel could see the fruits of its strategy. But from technical perspective I am still of the believe that it will move up to 40+ and my target is 40-50 where I will dump all or most of my stock. Many people are laughing at my target but only the one with the last laugh wins.

I am hoping macro factors and technical elements would push price to my target faster, say end of 2016 or early 2017.