DBS on a sunny island... setting into the seaDBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle)
This is precarious... a drop below the current support will result in a decent retracement.
MACD and Relative Price Strength already turned down... so it is held up with very little.
Be aware, beware!
SembCorp Marine ("The marks humans leave are too often scars.")View On SembCorp Marine (25 Nov 2020)
This counter had a great rally recently and it has touch near-term resistant such as 0.15.
There may be some pullback along the way but I expect, it shall go higher eventually.
$0.2 shall be an another strong resistant.
Let's see
DYODD, all the best and read the disclaimer too.
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Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SembCorp Marine (Sink Or Submerge?)View On SembCorp Marine (11 Nov 2020)
SemCorp Marine has turned into a Submarine in the recent months and is it about to change?
We are seeing some bullish momentum gathers right now and 0.124 will be the immediate support.
0.15 will be the next resistant.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Singtel - Z74 - is the worst priced in?From every view it seems the worst is priced in. It is a different matter whether that is yet come or not. We focus on price actions to make long term investment decisions. Things to note:
1. Dividend Yield as on date : 5.8%
2. Can the company fail? -- Not possible as its a Singapore Blue Chip. Anyone who knows Singapore Market/ economy will not even think about this.
3. Will it continue to pay dividends : History states it will. Remember as a GLC , its one of the revenue sources to shareholders.
I am not putting any SL on this.
As such, there is no reason not buy/invest in it when the banks only pay 0.1% on your savings.
SIA - airlines on the recoveryAfter lying low for about almost 4 months, news of Pfizer covid19 vaccine being 90% successful led to a breakaway gap on strong volume. The stock looks on track for a recovery with 3.80 as the "resistence turned support". However, as there are lots of resistences on the way up, I would consider to scale out partially around 4.40-4.50, then trail the stops up for a possible eventual target of 5.00.
I'll place an initial stop loss @ 3.74 as I do not expect this gap to be closed.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Is a successful vaccine a killer for Gloves stock ?Possibly. We are at the final stage of the vaccine development and it is just a matter of time which company would confirm on the dates. Once confirmed, we are talking about the logistical aspect of distributing it worldwide.
When that happens, would the gloves manufacturers still be in demand as before ? I believe sales may taper down slowly as many countries are still not out of the woods and safety precautions will still be needed somehow.
Distribution of vaccines is going to take time, leaving pockets of opportunities as well. The need for hygiene in sectors like Catering, F&B, airlines, etc would increase and gloves in these sectors may increase to compensate for the declining ones.
Chart wise, can wait for the breakout to take place first. It can go either way, so be patient.
Mapletree Commercial Trust Broke Support At $1.80SGX:N2IU showed bearishness as the price broke the convergence triangle. The immediate support is at $1.80.
The price is trading below the the 50-day moving average as well.
Fundamental wise, the REIT continues to deliver strong results with resilient portfolio.
The REIT is currently trading at 4.4% dividend yield.
Click here to compare the Singapore REITs.
Bullish: Breakout Expectation (Beta)Trade Plan,
1st Target price @ S$1.28 (Net HVN)
Stop loss a@ S$1.13 (Below current HVN)
Risk/Reward Ratio: 2.75x
Technically,
Stock is displaying bullish character (rally on increase vol and consolidates on reduced vol). Thus we have expectations of the breakout to materialise. Next HVN level gives us a RR Ratio of 2.75x with stop below current HVN.
Fundamentally,
Beneficiary of a recovering China economy and entering into industrial and office space potentially gives the REIT an improved valuation against its industrial pty peers. P/B ratio at 0.71x, Div Yld 5.72%.
Company Background,
REIT with a professionally managed portfolio of quality retail real estate across China.
Bullish Expectations: Broke out of Trading Range (JAC)Sembcorp Ind (U96) traded above its consolidation range (JAC) today.
A summarized analysis, we noted that supply has been weak throughout the 21 days range. We also noted that an early spring on 29 Sept.
On the other hand, demand returned near to the end of the range, with Sign of Strength (12 Oct) and JAC today (15 Oct).
Here's our plan:
Entry: On Open
Target Price: S$1.55- S$1.60
Stop Price at S$1.31 (Below HVN Level)
Trading Stop: 7D SMA
Fundamentally, company may be expecting more solar related projects.






















