Stock Trend Analysis - Indecision indicator

Hindsight: Comfort Delgro Ltd

Based on 14th Jan 2009 chart, if my theory is correct, it seems that the counter is trending towards a protracted downward movement. Let's see how it will turn out. If this turn out to be true, then we can deduced that during a major downtrend (i.e. when 200MA is trending down), any indecision shown on technical indicators will eventually lead to more downward movement for a period of time.

Stock Price Pattern - CityDev - Head & Shoulder

CityDev seemed to be forming head and shoulder pattern with the neckline broken. If this is true then we should expect the price to hit S$5.12 (around there). So, there is no point to make any purchase now.

I would monitor for a few days on this counter. In any case, all the Property Sector are experiancing similar faith.

Stock Price Movement - DBS

Revised Window Of Opportunity by Time Horizon (WOOTH) for DBS updated with price adjustment due to Rights Issue:


Today, DBS is trading in the "safe entry" zone below S$8.20. But due shooting star in the weeklya and daily charts, it would be prudent to wait and see before entering. See below for a chart done last week on 7th Jan 2009 night. Shooting star appeared on 7th Jan 2009 when I happened to look at DBS. On a weekly basis, the shooting star become more pronounced.



This was followed by 3 more down days. Expected to go to below 8.15 but stay above 8.00. If 8.00 broken, further support at 7.60.