Juliac

Juliac

What a week! The S&P tested the 50% retracement down like a falling knife and ended with a bullish pin bar. It appears that the markets are poised to rally next. However I would trace my stops up and be wary that a retest of the long term trendline is possible since the corona virus fear has yet to peak.

Juliac

Singpost formed a bullish head and shoulders and also gapped up on a strong volume today. A strong gap at the low end of the chart is usually a sign that the trend has turned up. While it is possible that Singpost could pull back to fill the gap at 1.01 in the near future, the odds have greatly increased for higher prices in the coming weeks. I am bullish with...

Juliac

There is a bullish divergence on the weekly chart (price made a higher low while stochastic made a lower low). This increased the odds of a rebound soon. I will look to trail my stops along fib levels from 50% to 61%, ie a small target about 5% over the next few weeks. I will place my initial stop loss a few cts below the recent low of 7.22

Juliac

CityDev had formed a mini double bottom, broke above 8.85 and moved nicely to 9.55 before pulling back to re-test around the breakup level, hitting a low point at 8.64. it then make a sluggish sideway move for 3 weeks before opening with a gap today. The odds have increased that it will break the immediate resistence at 9.56 soon and will look to scale out of...

Juliac

Hi-P formed a rounded bottom over the last 6 to 7 months and rosed strongly last Fri on a strong bullish candle with a high volume. Today it pushed through the "neckline" at 1.18 strongly. The trend is on the upside going forward and I would put a stop loss just under the low of today's large candle (ie stop loss at 1.08). Am expecting it to rise to around...

Juliac

Starhub could be forming a double/triple bottom. However this is a risky Long and SL should be kept tight just a few cts below support at 1.60. This could be a slow trade even if right. Am not expecting to see good momentum until it can recover a fair bit higher.

Juliac

I got into this trade at 5.00 and added at 5.07 as it broke out of the long term falling wedge formation and am looking at a possible wedge target of 5.70 - 5.80 with a stop loss just below 4.90. However targets are not guaranteed, will place trailing stops as it rises - usually a fractal low or the below the low of the previous day's candle (if it was a large...

Juliac

Adam and Eve is another of my favourite bullish reversal pattern. Yanloard broke above the neckline at 1.35 on 11 Feb and has been consolidating between 1.36 to 1.42 for the past week. The consolidation looks to be a bull flag and I am expecting it would be able to reach a price target of around 1.50 (hmm, just a small profit for now as the adam and eve formation...

Juliac

Apac Realty was in a decline for almost 8 months before hitting bottom in Nov 2018. It then flattens out and formed a base over the next 3 months before rising sharply on 12 Feb 4 days ago. This could signal the start of a new bull trend. There is an immediate resistence at 0.585, should there be a pullback towards 0.51 and starts to rebound from there, it would...

Juliac

The formation of an inveted Head & Shoulders Pattern plus a gap above the neckline today looks to confirm that the trend is reversing up. It would have been double confirmation if the gap was stronger (ie decisive green candle with a large gap prefered). Nevertheless this could be the start of a new bullish trend with target around 200 mark. I would put a stop...

Juliac

Waiting to Long the break above neckline at 49.20 for an intial H&S target of about $62 (which is also where 38% fib is). Shall place initial stop loss just below the right shoulder ($47)

Juliac

OUE formed an inverted Head and Shoulders over the last 6 months (with a sloping neckline). It broke the neckline at 1.50 two weeks ago with higher volume but consolidated in a small range until it took another step up on 15 Feb. It looks on track to a projected target of at least 1.70 with an inital stop loss placed a couple of ticks below 1.50.