APF Trading Technical Analysis Market Commentary 6 Mar 2011 - PowerPoint PPT Presentation

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APF Trading Technical Analysis Market Commentary 6 Mar 2011

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Title: APF Trading Technical Analysis Market Commentary 6 Mar 2011


1
Technical Analysis6 Mar 2011
Market commentary
  • APF Trading

2
APF Trading
  • 9 Battery Road
  • 12F Straits Trading Building
  • Singapore 049910  
  •  
  • Jay Ng
  • jay.ng_at_apftrading.com
  •  
  • Glenn Ho
  • glenn.ho_at_apftrading.com
  •  
  • Website
  • www.apftrading.com
  • www.asiapacfinance.com

3
Wilmar International
4
Wilmar International
  • This is an update to our post dated 10 Jan 2011,
    where we concluded The path of least resistance
    is for prices to correct for 1-4 bars and
    continue its descend until further price action
    suggests otherwise
  • Since our last commentary, prices closed that
    following week higher, then descended to close
    this week just above the 38.2 Fibo Retracement
    level
  • Watch for the Chikou Span as it flirts with the
    lower band of Kumo
  • We maintain our view that prices would continue
    its descend until further price action suggests
    otherwise

5
Kim Long Securities
6
Kim Long Securities
  • Strong Bearish Tenkan Sen/Kijun Sen crossover
  • Thick Kumo provides excellent resistance
  • Next level of possible support at 10233.91 where
    the Senkou Span B was flat (red line)
  • The path of least resistance is for prices to go
    further down

7
Bank Rakyat Indonesia
8
Bank Rakyat Indonesia
  • Prices corrected after the weak bearish Tenkan
    Sen/Kijun Sen crossover
  • Found support at the Kumo and rebounded sharply
    as of last weeks close
  • Chikou Span now above prices
  • We expect prices to stay sideways in the short
    term and strategically bullish in the longer term
    with strong support provided by the Kumo

9
Toshiba Corp
10
Toshiba Corp
  • Prices broke upside of the Kumo following a weak
    bullish Tenkan Sen/Kijun Sen crossover
  • Concurrently, both prices and Chikou Span broke
    above Kumo
  • Also, we had a future Kumo twist
  • Next possible resistance provided by the Kumo
    shadow shown as white horizontal line
  • We think it is a good time to start accumulating
    longs with stop loss at the Kijun Sen

11
AU Optronics Corp
12
AU Optronics Corp
  • Current Ichimoku tells a bearish story
  • Price below Kumo, Tenkan Sen below Kijun Sen
    since the strong bearish crossover,
  • Chikou Span is below prices
  • Kumo is thickening into the future, providing
    strong resistance
  • We expect prices to continue its downtrend

13
GBPUSD
14
GBPUSD
  • We had a strong bullish Tenkan Sen/Kijun Sen
    crossover 1 month ago
  • Chikou Span had broken upside of the Kumo
  • Senkou Span A is above Senkou Span B and the Kumo
    is thickening
  • Tenkan Sen, Kijun Sen, Senkou Span A and Senkou
    Span B are all sloping upwards
  • We think it is a good time to accumulate the
    Sterling against the Dollar with stop loss at the
    Kijun Sen

15
  • APF Trading is a trading advisory firm offering
    clients Managed Forex Accounts and advice on
    multi-asset trading strategies, signals, trading
    systems, execution services and trading
    platforms. The firm also conducts research and
    technical analysis with a focus on Ichimoku Kinko
    Hyo and DeMark Indicators.
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