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Slide 1: Technical Analysis 10 Jan 2011 Market commentary 2/19/11 APF to edit ClickTrading Master subtitle style
Slide 2: APF Trading 9 Battery Road 12F Straits Trading Building Singapore 049910     Jay Ng jay.ng@apftrading.com   Glenn Ho
Slide 3: Wilmar International
Slide 4: Wilmar International  Buy setup completed at the close of last friday following the TD Countdown 13 with prices respecting resistance perfectly A perfected buy setup (indicated by the green arrow) increases the probability of a 1-4 periods, in this case 1-4 weeks of price correction. (price increase) Tenken Sen crossing below the Kijun Sen above the Kumo, a weak bearish crossover  
Slide 5: Wilmar International     Kumo is the support for prices Bearish crossover is buffered by the Kumo Note that the depth of the Kumo is thin Depth of the Kumo signifies the strength of the support region Chikou is also below prices, telling a bear story The future Kumo is thin and twists downwards  
Slide 6: Wilmar International  Path of least resistance is for prices to correct for 14 bars and continue its descend until further price action suggests otherwise.
Slide 7: CHINA MERCHANT BANK
Slide 8: CHINA MERCHANT BANK  Tenkan Sen crossed below Kijun Sen at Friday's close above the Kumo, suggesting a weak bearish crossover Counter had been on a uptrend with excellent support from the Kumo Chikou is above prices Expect prices to test the support of the Kumo with this weak bearish cross.   
Slide 9: SUMITOMO MITSUI
Slide 10: SUMITOMO MITSUI  Tenkan Sen inches towards the Kijun Sen, prices entered the Kumo Weak bull crossover Chikou above prices Prices might face significant resistance within this Kumo region (2647.25 - 2840)   
Slide 11: TOYOTA MOTOR
Slide 12: TOYOTA MOTOR     Tenkan Sen crosses above the Kijun Sen Prices entered the Kumo Weak bull crossover Chikou did move above prices but Kumo depth is widening suggesting the resistance is strong
Slide 13: MIZUHO FINANCIAL
Slide 14: MIZUHO FINANCIAL   Similar price action to Sumitomo Tenkan Sen crossed above the Kijun Sen below the Kumo on Friday's close Chikou above Kumo Kumo is thinning out Span A (Orange line) is converging upwards Increased probability that prices might break out of the Kumo cloud which would further increase the probability of a rally    
Slide 15: AUSTRALIA AND NEW ZEALAND BANKING GROUP
Slide 16: AUSTRALIA AND NEW ZEALAND BANKING GROUP  Prices has been range bound between 20.00 and 26.00 since Aug 2009 Well supported by a thick Kumo for 2010 Kumo is thinning out and support begins to weaken Watching closely subsequent developments regarding the movement of Chikou and also a bearish Kumo breakout following the recent Tenkan/Kijun Crossover   
Slide 17: HOUSING DEVELOPMENT FINANCE CORP
Slide 18: HOUSING DEVELOPMENT FINANCE CORP  Beautiful bull trend seems intact other than the recent Tenkan/Kijun Crossover Crossover is very weak Chikou is still sitting nicely above the prices and Kumo future is bullish Depth of Kumo is consistent, offering very good support Expect prices to magnet around the Kijun Sen. Longer term, prices are skewed towards the upside unless prices action dictates otherwise subsequently    
Slide 19: LG CHEM
Slide 20: LG CHEM   Expect the bull rally to continue Kumo future with sufficient depth provides solid support Chikou continues to be higher than prices Tenkan Sen stays above the Kijun Sen TD Sequential indicated potential buying exhaustion Momentum continues to kick in and prices break higher above the risk level on a qualified basis (indicated as a full magenta line instead of dotted    
Slide 21: USDIDR
Slide 22: USDIDR  Kumo cloud is thinning out, reducing the resistance it offers Tenkan Sen is converging towards the Kijun Sen, looking for a weak bullish crossover from below the Kumo Price hovering around Kijun Sen Chikou is however still below prices Watch this pair closely for near term price action developments    
Slide 23: APF Trading is a trading advisory firm offering clients 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.