29 Apr 2008

Reported at 1000hrs

GJ

Looking at the Daily chart

WMA5 is above EMA100. Will it be supported there?

CCI is tapering side way. So will there be a trend in any direction?

The signs above look like there will be a weakening of upward trend. WMA5 though it zoom above EMA100 yesterday, but it has failed to sail pass it with any energy, looking at the doji the chart formed - indicating that sellers are coming in. There is also a lot of up movement recently and some form of consolidation is needed.

Support is at EMA100 (daily chart) at 206.9, then at EMA55 at 204.2

Resistance is at EMA200 (daily chart) at 214, provided it sail pass 209 (peak of 18 Apr), then 211 (half way mark), which offered alternate resistance.

Looking at the 1 hour chart:

It show a support first at EMA100 (1 hour chart) at 207.1 and at EMA200 (1 hour chart) at 206.4

Failing these support would means a downward movement to 204.2.

On the other side, should price break above 208.8 (peak for yesterday), there are chances for movement towards 211.0, then to 214.0

GU

Looking at the daily chart, it will probably another day od side movement.

Resistance is at EMA200 (daily chart) at 1.9950, then at 2.000.

Support is at 1.9780, then at 1.9600

28 Apr 2008

Reported at 0730hrs

GJ
Price of GJ has climbed, but WMA5 stop short at EMA100 (daily chart).

Should WMA5 punch through EMA100, GJ can reach 214 at EMA200. But from now at price 207 to 214 is too big a climb for GJ in 1 day. Give a half way make at 210 or 211, should set the resistance.

On the other side, WMA5 can rebound EMA100 and head back to EMA55. That bring the support at 204.

CCI shows a side movement.

GU
CCI showed a down trend.

Resistance is at EMA100 (daily chart) 1.9880 and EMA200 (daily chart) at 1.9940.

Moving down, support is at 1.9670 and 1.9600, (Fib retracement).

18 Apr 2008

It has been sometime that I have reported. Busy with an engineering project.

Reported at 0800hrs SGT
GJ
It made a big move yesterday. But looking at the daily chart, the price shot passed EMA55 heading towards EMA100, but the WMA5 has just crossed EMA21! It may not cross EMA55 today. What this means is that the price does not have the potential to hit EMA100 before a rebound occur.

Resistance is at EMA100 (daily chart) at 206.8. Support at 202.2 near EMA55.

GU
This pair made big moved up.
Daily chart CCI showed movement up before getting into an overbought position.

Clearly at the daily chart, EMA200 will post as a resistance at 1.9950, than 2.0000
Support at 1.9760, 1 hour chart EMA200.

9 Apr 2008

Reported at 1200hrs SGT
GJ
Looking at the daily chart, CCI showed a down trend. It would continue to go down, gaining support at 200.3 (Fib retracement from 4 Apr peak to 16 Mar low), then 198.8, then 197.3.

Can it go that low today? Well for this pair a movement by 300 pips is nothing!

Of course, it can rebound off EMA21 (dailychart) at 201.4 and head back to EMA55 (dailychart) at 203.8.

The hour chart showed resistance at 202 (EMA200), then 202.55 (EMA100)

GU
Looking at the daily chart, CCI is on the down trend, but momentum is slowing as GU may soon hit a oversold position and rebound.

How low can it still go? After last night low at 1.9670, price has been hovering there. Support is at 1.9600, then 1.9450, based on Fib retracement peak 27 Mar and low 20 Mar.

Looking at the 1 hour chart, we see resistance at EMA21 (1.9700), EMA55 (1.9780), EMA100 (1.9825) and EMA200 (1.9860).

8 Apr 2008

Reported 0730hrs SGT

GJ
Looking at the daily chart, it is like a tug of war. It is undecided to clear the EMA55 (dailychart) and looked as if WMA5 would rebound and hit EMA21 (dailychart)

Support is at 201.7, while resistance (should WMA5 break EMA55) goes to 206.6 then 208.5

7 Apr 2008

Reported at 1030hrs SGT
GJ
A consolidation was made with a down candle on Friday. This could be a part of the B-wave, before a big C-wave up and provided GJ clear EMA55 at 204.0 (daily chart). It could reach EMA100 (daily chart) at 208.5.

It may take a few days for consolidation, putting GJ in between the price range 204 and 201.5, EMA55 and EMA21 (daily chart). There is of course possibility of GJ breaking EMA21, thus bring the price to 197.1

For today, resistance is at 206.6 (resistance during 02-10 Mar), then 208.5 (EMA100 daily chart)
Support is at 202.4 (WMA100 1 hour chart), then 201.7 (EMA200 1 hour chart)

GU
GU is moving down as seen from CCI.

Looking now at the 1 hour chart, WMA5 has break EMA200.
Support is at 1.9870 and 1.9840.

This ring the resistance at 1.9920 (EMA 100/ EMA200)

4 Apr 2008

Report at 1000hrs SGT

GJ
Big move up, clear EMA21 (daily chart). It is now testing EMA55 (daily chart) at 204.1.
Looking at the WMA5, it is still below EMA55 and should it clear EMA55, price could reach resistance at EMA100 at 208.8.

To 208.8 is a big move, but GJ is capable of doing so. It may however, halt half way at 206.2 or 206.4.

On the reverse side, GJ may failed to punch through EMA55. If it is so, the price may fall back to support at EMA21 at 200.7.

The price now is around 204.1 to 204.4 region, which is the support before GJ did a dive to 200, then to 195. As such, there is a likelihood that GJ may take a breather. CCI showed tapering off, coming to a overbought position. If so, reversal would take place.

GU
GU did a good up yesterday, the price stop at 1.9980.

Support is at EMA200 (1 hour chart) at 1.9900 and EMA100 (1 hour chart) at 1.9880.

CCI showed momentum to go up. If so, it can easily break 2.0000 and hit to 2.0040 (Fib retracement)