APF Trading Technical Analysis Market Commentary 6 Mar 2011

Technical Analysis 6 Mar 2011:

Technical Analysis 6 Mar 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

Wilmar International:

Wilmar International

Wilmar International:

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

Kim Long Securities:

Kim Long Securities

Kim Long Securities:

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

Bank Rakyat Indonesia:

Bank Rakyat Indonesia

Bank Rakyat Indonesia:

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 week’s 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

Toshiba Corp:

Toshiba Corp

Toshiba Corp:

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

AU Optronics Corp:

AU Optronics Corp

AU Optronics Corp:

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

GBPUSD:

GBPUSD

GBPUSD:

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

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.