APF Trading Technical Analysis Market Commentary 27 Feb 2011

Technical Analysis 27 FEB 2011:

Technical Analysis 27 FEB 2011 APF Trading Market commentary

APF Trading:

APF Trading 9 Battery Road 12F Straits Trading Building Singapore 049910 Jay Ng jay.ng@apftrading.com Glenn Ho glenn.ho@apftrading.com Website: www.apftrading.com www.asiapacfinance.com

Singapore Exchange:

Singapore Exchange Weak support region gue to thin Kumo Kumo twist Chikou Span breaching Senkou Span A

Singapore Exchange:

Singapore Exchange A word of caution for SGX longs 2 months since Tenkan Sen crossed below Kijun Sen Current price below both Kijun and Tenkan Sen , a bearish sign Concurrently, the Chikou Span breach the Senkou Span A, price test the support Kumo Region and the future Kumo twists What draws our attention is the weak support determined by the thin Kumo (circled) It would be very easy for prices to break downside of the Kumo If price breaks below the Kumo and Chikou is below prices, a strong bear trend would be in play.

CIMB Group:

CIMB Group Strong Kumo support

CIMB Group:

CIMB Group Rally of more than 200% gains after the last bullish buy triggers For the first time since Apr 2009. Price closes for the week below Kijun Sen for 3 straight weeks now While all the other Ichimoku elements still show that it is in a bull trend, it is advisable to watch near term price action for a hint of a trend reversal The thick Kumo acts as strong support and the bull trend is still in play

Newcrest Mining:

Newcrest Mining

Newcrest Mining:

Newcrest Mining Recent weak bearish Tenkan Sen Kijun Sen crossover Chikou Span ended very near the close, meaning the close last week is near the close 26 weeks ago. A neutral sign The Kumo is thick, providing strong support. Notice the flat Senkou Span B, suggesting prices had not broken out of both the high and low for the past 52 weeks for a while now, suggesting sideway trading. A subsequent bullish Tenkan Sen / Kijun Sen would be a strong bull crossover. Meanwhile we expect prices to go sideways with support at Kumo

Larsen & Toubro:

Larsen & Toubro

Larsen & Toubro:

Larsen & Toubro After the last perfected TD Sell Setup, prices dropped 31.64% Currently Chikou Span is below price and below the Senkou Span A, a bearish sign Kijun Sen is below Tenkan Sen and prices below Kumo , a bearish sign We expect prices to continue its descend, with a break below the Kumo Shadow at 1177 a chance to add to position

Honda Motor:

Honda Motor Price broken up of TDST line, expect current TD sell countdown to reach completion, aligned with bull rally indicated by Ichimoku lines

Honda Motor:

Honda Motor After the medium strength Tenkan Sen / Kijun Sen crossover, Honda’s price rallied about 17% Prices also broken up of previous TDST line on a qualified basis (represented by solid green line) We expected prices to continue its rally and TD Sell Countdown to reach completion

Kia Motor:

Kia Motor

Kia Motor:

Kia Motor Solid run up following the Tenkan Sen / Kijun Sen crossover as prices broke out of weak resistance in early May 2009 Notice how prices did not close for the week below the Kijun Sen since then Bull trend intact. Longs can consider a stop loss slightly below the Kijun Sen.

Slide 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.