STI should go up to 2850 within this 2-3 days!! Look at the CPO stocks and Banks today.
Posted by admin in Commodities, Events and Advertisements, Forex Analysis, Futures Pick, Market Analysis, Stock PickGood Morning,
STI opened at 2789 yesterday, missing my support level that I mentioned in the blog yesterday by a mere 3points.
” I expect the STI to find support at 2786 today.” – posted on 25th of Jan at around 0744hr.
After that, the STI recovered and closed strongly at 2811, losing 8points overnight against a Dow that lost 200points previously. This clearly shows that the selling is losing momentum against the bargain hunters. While the retails dump their shares into the market, it is very clear that the Big Boys are mopping in the shares with gleam of happiness as they are getting the same thing cheaper as compared 2 weeks ago and they can re-start the wheel again.
Watch DBS today, should it cross above S$14.80, as if that happen, this stock should recover to above S$15.00. I am looking at UOB and OCBC as long candidates today, as the former resistant based on our V3Go System, will be at S$18.66. It closed at S$16.64 yesterday. I am looking at it to hit S$19.44 once it cross the resistant convincingly. For the latter, it seem to be the same, as long as it crossed above S$8.40 resistant today. This stock should recover to S$8.70 level. Among the 3 banks, I am looking at OCBC to be my pick for today as there is clear artificial support at S$8.38.
Judging from the above bullishness tone of my selection, there will be no prize for guessing my direction forcast for today. I am BULLISH for today’s markets. I expect the Dollaryen to lead the buying charge first then the NIKKEI, then the SIMSCI, follow by Shanghai then Hang Seng.
Yesterday, I was expecting the Hang Seng Future to re-test 20261 but the lowest it went was 20366, creating a positive V3Go SHP formation on a downtrend channel.
As I mentioned yesterday:
” Hang Seng Futures is going to see support at 20261 again and I really recommend traders going long in this market as I expect a strong recovery to 21600 in the next 2 weeks. It closed at 20664 on last Friday. Therefore I am expecting a 1000points movement from here.”
So without any changes, I am looking to long the HK Call warrants today once I see the market crossing above its OP and above 20714 today. It will be a COMBO-BUY formation if the market break this price. It closed at 20595 yesterday.
Shanghai downside ROC increased but because it formulated a V3Go SHP formation therefore the downside might be limited. Should this market goes above 3114 today, I foresee this market recovering back to 3158 level. It closed at 3094 yesterday.
Jakarta Stock Exchange Index, among all regional market, I am most bullish on this Index today as I see clear support on this market at around 2586 as mentioned yesterday. I am looking at this market to recover to 2665 soon.
Overall, as long as the market that I mentioned above doesn’t break and go below the support levels that I mentioned above, I am going to see some reversal of the trend and will look forward to buy shares than selling.
But if the market does go below the support levels then I will suggest traders to exercise cutloss measurement to ensure capital protection.
Watch the CPO stocks today as crude oil seem to looking at some support around the US$75/barrel level.
Have a great trading day ahead.
Disclaimer apply as usual.
Cheers!
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
ps: Our Preview for today hit FULL House, registration will cease now. Thank you for your strong support once again. Kindly be at location on time to ensure registration will be smooth. No refreshment will be provided so kindly take your dinner before coming. Seeya!!

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