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.

3/18/2010

This should qualifies for an immediate reversal, shouldn't it?

Fig 1 Cosco Daily Chart
Okay, an engulf candlestick (unconfirmed), Stochastic and RSI reversing with stochastic on divergence, diminishing volume. If all these does not even lead to a reversal starting tomorrow, I chop....some carrots tomorrow (I have 3 in the fridge).

On a serious note, the chance of it coming further down is high because it is into the c of c of B wave. The next wave setting in is C pushing it down to 1.05.