SGX has broken out and has been very strong. While most stocks trading below 50% retracement levels from the previous highs, SGX has already taken out the previous high and now looks like headed higher. Disclaimer: Not an advice to buy or sell.
View On Hong Fok (6 APR 2020) After the huge fall in 2019, this little use-less counter is finding some value and it is making a comeback. We can say it is a short-covering rally. It can rise to 0.65 or even toward 0.69. Do not short as it may drift higher first (or) you can go in the LONG side with great caution. DYODD, all the best and read the...
STOCK IN FOCUS: GENTING SING As the pandemic situation continues, tourism-related companies are greatly affected. Travel advisories, bans and even country lock-downs see a stark drop in local and tourist traffic, and revenue for the retail and hospitality sector. Genting Singapore PLC had been involved in the development, and currently operating 2 Integrated...
STOCK IN FOCUS: DBS A huge meltdown in global markets has sparked risk-off sentiment throughout, and many stocks are being heavily sold-off. Be it blue-chip or penny stocks, majority are affected and are selling at a discount. DBS is a blue chip stock in the SGX, and with the recent sell-off - down around 29% (from end Jan' 20) , price could reach the $16 range...
View On Spackman (30 Dec 2019) We are dead wrong on this counter and finally will there be a light at the end of the tunnel? It apparently so! The following is our analysis on 14 Jan 2019. I will not be typing too many words but please take a look at this counter. It is trying to break out up after a prolonged slide. ------------- Our...
I expect SGX in the short term to pull back towards 8.70 as long as it is holding below 9.38. After which, we should see a bounce reaction from 8.70 towards the alternative case target at 9.75. Essentially, this is 2 trading ideas in 1. Part 1: SGX to push down towards 8.70 Part 2: SGX to bounce and move higher to 9.75 thereafter. Reason being that price is...
Keppel DC Reit plunged to a similar magnitute (100% fib extension) as that of the last recent consolidation and possibly supported at the 38% fib retracement level at 2.29. I would test long here with a stop at 2.25 (3 ticks below recent low). Should this fail and market turns even more panicky, I would be a lot more confident to long around the major support at 2.09.
View On NET LINLK SGX STOCK(27 FEB 2020) This stock is due for a decent pullback and it is unfolding right now. With the current momentum, it can go to $0.96~$0.97 regions soon. So, please be careful if you are thinking of buying in or holding long positions. Let's see DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" ...
View On AusGroup(15 Jan 2020) Something is brewing in AUGgroup and it is going to worthwhile to check it out. It may do some pullback but we are more likely in the change of trend now. It is getting more Bullish IMO. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading...
HI EVERYONE! MY VIEW ON BANK NIFTY SELL DUE TO BEARISH BAT PATTERN FORMATION IN 4 HR TIME FRAME GO POSITION BANK NIFTY FUTURES SELL ORELSE BANK NIFTY MONTHLY EXPIRY ATM PE OPTION STRIKE PRICE BUY TARGET 1-28800 TARGET 2-27700 THANK YOU! KEEP SUPPORTING!!
Today, the a50 futures index of Singapore hit a new high in 2019, which represents the Chinese blue chip stocks. In the past four years, the index has been showing strong characteristics. A big convergence triangle has reached the end, and if it breaks through 15000, it will form a breakthrough trend. We know that China is revamping A series of financial...
View On DBS (24 May 2019) We were in the fast and furious pull back mode in the recent week. Now, it has approached some decent support levels. It may take some time to around but as long as it is above the price level of $24, we shall see the rise up on the price again.. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE"...
I know there are a lot of levels I look for bullish liquidity there. It is only because the market presented me with a lot of levels to "play" with. I am technically bullish on the Singapore Dollar (SGD) in spite of the recent easing policy of the currency. There is a positive correlation between the SGD and the STI it seems at the moment hence I am looking to...
Thanks for viewing. First of all, this isn't based on any fundamental factors to do with Singapore per-se, apart from Singapore standing between two huge but struggling economies; China and Europe. Singapore is a very nice place, with great people, who have overcome significant challenges to create what is a shining light in Asia. If my view eventuates, I am...
View On YZJ Ship Building WTI Oil (22 May 2019) Back Ground: YZJ is in the strong BEAR momentum since last late Apr. To me, it is more of reducing the excess fat rather than the full-blown sell down. Now it is approaching a decent support region of $1.40 region. The next strong support region (region 2) is 1.20 to 1.30. I expect the price shall not go lower...
View On Hong Fok (29 Apr 2019) Did you follow our BEAR view for the past month? Money in the bank. yo! It has moved to the swing level and it 'may' be able to do some rebound. But it is better to wait at a strong resistant level to SHORT it down instead. All the best. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" ...
View On Singtel (30 June 2019) It may make some pull back along the way but this counter is seriously in the UP trend now. I expect $3.10 to $3.3 will be good support region while it shall sooner or later reach $3.6 to $3.7 regions. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk...
If 6.30 area is well supported with bullish candle, stock is high likely going upwards. Typical cup and handle retracement pattern.