Z74 weekly kangaroo pin and resuming long term downtrendSingtel is still on a long term downtrend and has not broken out of the bear channel. On the short term it has completed its move to the top of the mini bull channel after a climatic push upwards. The higher price has been rejected however and headed back downwards on a green day for STI with most other stocks going up. Not a good sign there. Further more a Kangaroo pin has formed on weekly. Higher chance for big downwards move for Singtel.
Hospitality sectors in SG to rally Read the latest news here
With the mask off in outdoor settings in SG, I believe many who have no plans to travel to Malaysia, Thailand or nearby countries would quickly book restaurants and hotels to make all kinds of family plans which previously was capped at 5pax maximum gathering. Now it has increased to 10, big enough for most extended families.
Look at Kimly profile here
I like its business mix as it caters to the middle income group mostly with its wide variety of cuisine offeri
Sembcorp Industries - 5th wave on the move?Sembcorp has made a strong up move since the breakout of the symmetrical triangle in early Jan 2022. Moving forward, prices have recently completed an extended sub-wave (3) and to add on, the potential pennant is hinting a bullish continuation to the upside. Also, bullish morning star formation further reiterates the bullish upside.
Haw Par - Upside rally expectedAfter a slight rebound with a bullish morning star formation at S$11.55, the stock is likely to continue its bullish upside. Furthermore, prices have briefly broken out of the falling wedge. A successful break above key resistance zone at S$12.04 will further confirms the falling wedge
Bias more on upside. 27th March 2022
SATS part of the business is to provide flight catering. Since country open up, all related to Travel Sector will be benefited from it.
Once it break above the flag channel resistance, we may see next resistance at $4.60 and may hit jackpot at $5.16 (78.6% Fibo) to complete the flag patten
Bias more on upside. 27th March 2022
Good news that Singapore has finally removed after 10:30pm no alcohol restriction. This may bring good news for people who love to drink and may bring even better news to alcohol supplier.
From weekly chart perspective, we can see that Thaibev is stuck at the breakup/down conjunction. However, with the news, I'm bias more on the upside.
First resistance, 50% Fibo at $0.73, if break and closed above, we shall see next at $0.78
Super bullish from both Fundamental and Technical perspective
Based on historical chart, we can see that during GFC in 2008/09, SIA Engineering drop to the lowest point to $1.48 and closed at $1.87 in March 2009 on the monthly chart.
During Covid-19 Pandemic, SIA Engineering dropped to $1.48 once again and slowly supported between $1.48-$1.90.
Since then, it continue to climb up (recovery) since Covid-19 vaccine slowly introduce, country open up.
However. last week, based on Singapore PM Lee speech, open up Singapore and Singapore border, this will be
Penny stocks in SG - GSS EnergySomeone in SG asked for my views on this stock, here you go !
It's glorious days was 0.18 at its peak almost 5 years ago and now at current price we are having a 50+% discounts off the peak.
The bullish trend line is still intact and it comes down to a good support level (see yellow dotted line) before rebounding.
Please review the FA part of this business if you decide to invest for the long term.
[Analysis] Nordic (MR7), silent and slow but.. looks good!2This is a low liquidity counter that is flying under the radar.
Established bottom in mid-2020 at 0.200. Currently is up 112% at 0.420.
While it does not boast aggressive rallies like Propnex/Hourglass/Frencken, Nordic is still handing around the 52 weeks high and is largely unaffected by market volatility. It has quite a healthy balance sheet. Their 2021 financial result, which was released yesterday (21 Feb 22), was spectacular. 27% increase in revenue, 153% increase in profit. They are payin
Watch for break above resistanceWatch for break of resistance point of 2.6, look for daily close above.
Tomorrow opening above 2.6 would be good for some upside moves provided it closes green.
Alternatively a downward move is also possible, all depends on tomorrow opening. a retest of lows of 2.3 or trendline is possible.
19 May is earnings date, could be a catalyst for a rebound should it test lows or a continuation or either direction.
Looking for similar pattern as Keppel Corp BN4
Target: previous highs of 2.85-2.86
HRnet (SGX:CZH) - Return of the 5th impulse waveSince completion of the double three corrective wave, the return of the bullish trend is ongoing with recent price action suggest that the inverted head and shoulder is likely to be confirm after Thursday strong bullish candle close.
Ichimoku shows initial tenkan/kijun-sen crosses. Once kumo twist for the bulls. All is set for a bull run.
<TradeVSA> Stopping Volume in SGX !Sign of Strength in the chart:
1. Reversal with Green Market Stages
2. Climatic Volume with Sign of Strength
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Semcorp Industry, not really a strong buySemcorp Industry got its happy ending after divorce from its toxic marriage with Sembcorp Marine. Price has been up ever since. In fact, we had a previous buy call back in April 2021. It hits our TP level of 2.20 back then, and it is now trying to re-test the resistance at 2.30 again.
Whether it can break the resistance or not, we cannot say. However, as long as the price is maintained above the support level of 1.63, Sembcorp Ind remains bullish. It could consolidate for months or years before























