TECHNICAL ANALYSIS6 MAR 2011

APF Trading

MARKET COMMENTARY

APF Trading

9 Battery Road12F Straits Trading Building

Singapore 049910   

Jay Ngjay.ng@apftrading.com

 Glenn Ho

glenn.ho@apftrading.com 

Website:www.apftrading.com

www.asiapacfinance.com

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

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

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

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

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

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

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.