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My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

1/14/2010

Tiong Woon, B wave


Fig 1 Tiong Woon chart

I was looking at this chart on Tiong Woon. It has come down quite a bit after its peak @ 0.985. If I do a simple wave count on this, I suspect it is in process of a B wave and I sense that there are more rooms down there for Tiong Woon. O.60 might be a good level of indication, if Tiong Woon breaks below this line, it would be a confirm C wave down.

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