Genting - Down Hill Eversince Break Down From Diamond Formation

Line chart as at 5th March 2014 1036 am.

Diamond breakdown since mid Jan 2014 has maintained bear pressure on price.

Immediate support is the yellow zone.

Any downward movement will most probably be guided by the down channel projection shown.

Immediate resistance is the upper down channel boundary.

Next resistance is the blue area indicated.

Any further upward thrust above the blue band will retest the pink region.

Capitaland - Will there be nine dead cat bounces within the bear claws formation?

Since the last posting on 13th February 2014 Mr Grizzly Bear has won again managing to defeat the bulls at the red upper bear claws resistance zone for the 8th time.

This upper red bear claws resistance band is now the immediate resistance.

Next resistance is the $2.95 to $2.94  horizontal resistance zone. A close above $2.95 will probably see a retest of $3.05

A cat has 9 lives as the saying goes. Perhaps dead cat bounces comes in nines too! If this is true then expect a retest of the upper red bear claws resistance band for the 9th time followed by a pullback towards the blue mid band immediate support area.

Any further weakness will test the $2.73 support. If this support does not hold there is a high chance that the lower red support band will be retest for the 3rd time since June 2013.

Wilmar Retesting Previous Head and Shoulders Support and Resistance Zones

Chart as at 20th February 2014 1112 am.

Since the last posting on 12th February 2014 a pullback down into the yellow support zone and a nice rebound has happened.

Take note that the yellow zone has been updated to include the latest chart data.

This yellow support is the springboard that launched a breakout above the blue downward sloping neckline zone and propel price into the blue ellipse target area shown in the last posting on 12th February 2014.

The blue ellipse region has been updated to show 3 support and resistance zones:

1. Immediate support is the orange band.

2. Immediate resistance is the pink zone

3. Next resistance is the light blue region

Take note that the neckline zone has reversed its role from former resistance zone to the new support area.

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LIPPOMALLS POTENTIAL INVERTED CUP AND HANDLE PATTERN

Chart shown as at 14th Feb 2014 1.04 pm

Potential inverted cup and handle formation is observed and its yellow immediate support is being tested. A close below this yellow area will confirm this inverted cup and handle formation.

Next potential support below the yellow band is the blue zone and if further weakness happens price will test the green support region.

Take note that this is the 6th attempt to breakdown below the yellow support band. The bulls managed to defend the yellow support zone for the last 5 previous bear attacks.

IF there is a close above 40 cents the upper blue downward dotted channel resistance may be tested.

IF price clears the blue dotted down sloping channel it will challenge the pink resistance zone.

Capitaland Testing Upper Resistance of Bear Claw

Chart shown as at 13th Feb 2014 1238pm.

Since the last posting on 7th Feb 2014 price has cleared the blue mid band and is now challenging the upper resistance band of the bear claw formation.

This will be the 8th attempt to escape from the claw trap. The previous 7 failed attempts are indicated by the red bear icons. Current escape shown by the blue bear.

IF this 8th attempt succeeds price will retest the next resistance zone at $3.06 - $3.05

However, should Mr Grizzly wins again expect a pullback to the blue mid band.

IF mid band support failure happens then a retest of $2.73

Below $2.73 will see the lower support of this bear claw formation being challenged again.

Wilmar Testing Neckline Resistance Zone as at 12th Feb 2014 2.20pm

Chart shown as at 12th Feb 2014 2.20pm.

Immediate resistance is the down sloping blue neckline resistance zone

Next resistance is the high of the doji at $3.30

Take note that price MUST close above $3.30 for the next upward move towards the blue ellipse region

Immediate support is the yellow zone. This yellow zone has been updated to include latest price data since the last posting on 5th Feb 2014.

Next potential support reference is the low of the hammer variant at $3.07

Support failure below $3.07 will result in a fall to the next potential support zone indicated in green.