All Entries in the "Asian Stocks" Category
Elliott Wave Analysis of SABIC (Saudi Arabia)
There are few other approaches to the financial markets that serve us better than Elliott Wave Analysis. As I have said so often, an extended 5th wave can make us rich. Take SABIC for example. Just as recently as 12th May I had warned of a sell off to 75. At that time the SABIC [...]
Elliott Wave Analysis of DLF, India
I am bearish for DLF (a much followed Indian Stock) and expect it to reach at least 215. However, the better level to sell will be near 290.00 Take a look at the chart where I have given detailed elliott wave analysis of DLF. Clearly, there is a preferred level to sell and that is [...]
Elliott Wave Analysis of Al Rajhi Bank Saudi Arabia
Here I present you with elliott wave analysis of Al Rajhi Bank, Saudi Arabia. As you can see, this stock too has behaved quite technically in the past, and elliott wave analysis suggests that we will eventually get a move that will take us to the previous fourth wave level. So I suggest buying on [...]
Elliott Wave Analysis of ADCB Abu Dhabi
Abu Dhabi Commercial Bank is an important player in the emirate of Abu Dhabi. Elliott wave analysis of its stock shows we could potentially have seen a medium term low and so long as we don’t break below the recent lows, we could well have a multibagger in our hands. Buy dips with stop below [...]
Elliott Wave Analysis of EMAR Dubai
Elliott Wave Analysis of EMAR Dubai is more challenging than some other stocks because Emar has been moving sideways for a while. This bellwether stock of the UAE still looks a bit soft to me and think we could get a dip as part of a B wave before the next rally can materialize. So [...]
Elliott Wave Analysis of Sabic (Saudi Arabia)
Here is the Elliott Wave Analysis of Saudi Basic Industries Corporation, or SABIC. Actually there are two charts that I would like you to see. The first is a monthly chart that shows the huge 5-wave rally to 252.61 has been corrected by a 3-wave decline. Wave B retraced Wave A by 61.8%, and then [...]
Elliott Wave Outlook for Tata Steel
My last Elliott wave update on Tata Steel was back on 18th June. Since then, this stock has behaved perfectly from a technical point of view. Once the extended fifth wave was completed, there was no surprise in the move that followed (and continues to develop). As I have often stated in hese pages, fifth [...]
Elliott Wave outlook on Zain Kuwait
From an Elliott Wave perspective, the outlook for Zain hasn’t changed much since I updated last. After correcting the prior 5-wave rally, the stock has taken off nicely like a 3rd wave should, ie on good volume and at a brisk pace. Some investors are worried because of the recent sideways movement. While it is [...]
Technical Analysis of some Kuwait Stocks
It has been quite a while since I posted technical comments on Kuwait stocks. So here are some charts that may be of interest to some of you. (Even if you don’t have any interest in Kuwait, you should look at the these charts because they give you additional practice of how one can read [...]
National Industries Group Kuwait Outlook 17 Dec 2009
National Industries Group stock has come down a lot in the last several months. But we can decipher a clear five wave movement having been completed at the lows. The first leg of a 3-wave correction has already been completed, and the second leg is probably already over, or very near completion. Thus, I am [...]
Gulf Bank Kuwait: Eliott Wave Analysis
Anyone who has been investing in Kuwait would have heard of the travails of Gulf Bank in recent times. Perhaps one should view the moves after it started trading again in April 2009 as a new stock. The attached chart gives you an elliott wave analysis persperctive of Gulf Bank. The bottom line is this: [...]
Zain Kuwait: A technical update
There has been a lot of chatter in the market about a possible offer from overseas for a large chunk of ZAIN, the premier telecom company based in Kuwait. So I decided to provide a quick technical update on this stock. As you will observe, Zain is trading close to a downtrend line. But the [...]
Opto Circuits India – Elliott Wave Analysis
Opto Circuits India Ltd appears in many portfolios that have Bharat Shah as the advisor. (Incidentally, Bharat is the famed fund manager from Ask Investment Managers). As Bharat is a value investor, I figured that he and his team must have done sufficient research about the desirability to have this stock in their portfolio for the long haul. [...]
Tata Steel breaks support
A technical trader has to watch a few things carefully, especially if we are in the fourth wave position. First, see if the 2nd wave was a simple correction. If you can confirm to yourself that the second wave was a simple one, then the fourth wave will very likely be a complex correction. I [...]
Tata Steel in fourth wave triangle
Tata Steel has come a long way from its lows, and after a steep third wave rally that ran 300% of its first wave, the stock has corrected 23.6% as a fourth wave triangle. Look out for any sharp break above the upper boundary of the triangle because that will signal the start of a [...]