A-Sonic Chart Analysis: Exponential Moving Average Moving Up

Exponential Moving Average (EMA)
The EMA lines are beginning to rise again. The 20-D EMA line (yellow) at 0.076 is providing the first level of support. It has been a strong support in the past few trading days.

Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.

STI Chart Analysis

Ichimoku Cloud (daily)
STI Tenken sen (blue line) at 3140 is back below Kijun sen (red line) which is at 3147. This confirms that the consolidation phase is still not over yet. A strong move about the blue and red line will mark the start of a new uptrend. Thus far, the two Span lines is still not diverging widely when moving upward. The pattern can be considered mildly bullish. The near term support (Span A) is now at 3112 while the stronger support level (Span B) is at 3073.

Bollinger Bands (weekly)

There is not much changes in the weekly chart. The middle band at 3128 is providing quite a strong support at the moment. If this support is broken, STI will go lower towards the 2959 support level of the lower band. A uptrend move will need it to break the resistance level at 3298 as confirmation. As the bollinger band narrows, the chances of a change in trend or start of a new trend will increase. For the time being, keep monitoring the daily chart for any sudden movement.

Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.

STI Chart Analysis

Ichimoku Cloud (daily)
STI consolidation is more than a month old already. STI Tenken sen (blue line) is now at 3154 while Kijun sen (red line) is leveling at 3147. The blue line has moved slightly above the red line which indicates some bullishness. STI is still not considered out of the consolidation phase until we can see a bigger difference between the two lines. A significant event for last week movement is Span A has crossed above Span B line which signifies a new uptrend move. The two Span lines should diverge while moving up together as a strong signal to a new up trend. The near term support (Span A) is now at 3101 while the stronger support level (Span B) is at 3083.

Bollinger Bands (weekly)

The weekly chart has not indicated a new up trend yet. The candles of recent fews week are still hovering above the middle band of 3135 which will provide the first support level. If this support is broken, STI will go lower towards the 2957 support level of the lower band. A uptrend move will need it to break the resistance level at 3312 as confirmation.

Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.

STI Chart Analysis

Ichimoku Cloud (daily)
STI Tenken sen (blue line) is at 3138 while Kijun sen (red line) is leveling at 3147. The red line above the blue line indicates some bearishness, but since the difference is not much, it should still be a consolidation period awaiting a new direction to be confirmed. The near term support (Span B) is now at 3089 while the stronger support level (Span A) is moving closer to it at 3068. This could indicate the support at 3089 is getting stronger by the day. A cross over of Span A above Span B line will signify a new uptrend move.

Bollinger Bands (weekly)

STI is still in consolidation mood and looking for a new direction based on last week recovery as shown by a similar to piercing line candlestick pattern. A uptrend move will need it to break the resistance level at 3315. The middle band is at 3136 which will provide the first support level. If this support is broken, STI will go lower towards the 2957 support level of the lower band.

Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.

A-Sonic News - Removal from the Watch-List with effect from 20 May 2011

A-Sonic will be removed from the Watch-List with effect from 20 May 2011.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0037D3C2C759D8884825788F00323B11/$file/sgxnet110513-01.pdf?openelement

Share price opens at $0.075 and reaches a high of $0.08 (up 23.1%).

STI Chart Analysis

Ichimoku Cloud (daily)
STI Tenken sen (blue line) is at 3142 while Kijun sen (red line) is moving higher to 3147. The 2 lines crossover may indicate the start of a bearish trend or a consolidation period awaiting a new direction to be confirmed. So far, the long white candle has provided a strong signal that the near term support is around 3099 (as indicated in the previous week chart). The near term support (Span B) is now at 3096 and the stronger support level (Span A) is moving up from 3005 to 3018. If STI continues the uptrend move, the two support levels will cross over to signify the new uptrend move.

Bollinger Bands (weekly)

STI has stablised and still looking for direction. A uptrend move will need it to break the resistance level at 3313. The middle band is at 3134 which will provide the first support level. If this support is broken, STI will go lower towards the 2956 support level of the lower band.

Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.

STI Chart Analysis

Ichimoku Cloud (daily)
STI Tenken sen (blue line) is levelling at 3160 while Kijun sen (red line) is moving higher to 3126. It is important to monitor closely that the blue line does not cross down the red line as this will indicate the start of a bearish trend. The near term support is adjusted lower to 3099 and the stronger support level is now at 3005. If STI continues the uptrend move, the support levels should reverse and start to move upward until the top (Span B) and bottom (Span A) of the cloud cross over.

Bollinger Bands (weekly)

STI has stablised and looking for direction. A uptrend move will need it to break the resistance level at 3318. The middle band is at 3139 which will provide the first support level. If this support is broken, STI will go lower towards the 2960 support level of the lower band.

Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.