In short, after doing an evaluation of SebMarine's chart, my observations are as follows

Observations:
-Px still trading insides symmetrical triangle.
-Upper band of triangle to be broken when px hits above 4.00 / 4.01
-MACD close to a crossover to the positive region, and blue line crossing over the red.
-Price broke the 150D MA though fail to close above it.
-Volume increased.

Trading Hypothesis:
I expect that sembmarine to break above its symmetrical triangle soon when price goes above $4.00. Given such a breakout from the stock's symmetrical triangle, we can expect the price to hit around 4.40 in due course. However short term resistance of the price is around $4.14, so traders can expect to liquidate around this price to locked in some profits first.

Alternate hypothesis:
Unless prices make a retreat this coming week back to the $3.8x region, we would unlikely see a breakout below the symmetrical triangle, given the optimisstic conditions in the market currently. Howeve if it does, it is advised that traders cut loss below $3.88.

NOL short term ascending triangle

My thoughts on NOL:
NOL has good fundamentals to begin with. In the midst of consistently improving freight rates and earnings, NOL is on track to better 3Q10 results. However, this has been a laggard in the recent STI run up, though its backed by sound fundamentals. Despite the uncertainty in economic outlook from EU and US, sentiments point towards a improvement in global trade, and this sentiment is likely to soon have positive impact on markets perception of shipping lines. Already Cosco and Yang Zi jiang had already a fantastic run up as compared to NOL.


Technicals:
Recently over the month of September, NOL has been forming a small ascending triangle whereby there are higher lows. This is indicative of a strong buying pressure and if prices do move up from today's low of 1.99, the ascending triangle would be quite sound. Ascending triangles have a definitive upward bias, and i believe there is much room for NOL to go up. On a macro view, NOL is also within a symmetrical triangle. Breaking of the ascending triangle and the symmetrical triangle would be a bullish indicator, and vested investors should hold. Those intending to buy in can wait for the breakout at 2.08 on high volume to ride the trend.

Alternate hypothesis:
I believe it is unlikely that NOL breaks on the lower side of the symmetrical triangle, barring any unforeseen unfavorable news. Traders can set a cut loss at 1.99. With such a tight cut loss point, it will limit the risk but enjoy the potential of a strong run up.

Regards,
F.T.

The Return of the Forune Teller.

Alright i have returned..sorry if I had disappointed anyone by not returning here to give my weekly updates. And since I have returned, I will announce some promises to the readers of my blog, however few there are out there.

Firstly, I intend to make this blog more personal to the readers. I know my previous postings were really to say, formal and monotonous. I welcome any suggestions to improve on the personal touch of this blog. As I will promise, this blog will belong to all my readers. Secondly, I promise to further improve on the quality of my posting, but at the same time retain the simplicity of the message behind it. Readers would realize that every posting would now come with a trading hypothesis, that is which direction I think a stock will take in future, and the trading recommendations and alternative hypothesis, ie. what other possible scenarios would happen. However guys, please do bear in mind that I am also a learning trader/ investor. I am not any professional, but I ll do my best in my analysis!

Lastly, if readers find my posts interesting, I will appreciate it if you guys leave a message on the tag board. It would really make a difference! If you do happen to disagree with any of my opinions, please by all means shout out in the shout box. I always welcome a different voice = )

Happy Trading
F.T.